Author: Ross Butler

Mark Tluszcz

Mark Tluszcz of Mangrove Capital Partners

Mark Tluszcz is co-founder and CEO of Mangrove Capital Partners. Mark is one of Europe’s leading venture capitalists. He was the first investor in Skype and is currently chairman of Nasdaq-listed Wix, which is trading on Nasdaq at $11bn, and I recommend his blogsite, dare to dream beyond.

Audio-Only Podcast here.

And iTunes.

Ross’s favourite bits:

“Do it in Europe, stay home and believe in yourself.”

On Skype: “The only criticism I have of myself … is that maybe we should have been more generous in parsing the options. We’ve changed that now. At Wix we have 250 dollar millionaires [or one out of eight employees]”.

On Covid-19: “Our number one message: make sure you have enough capital on your balance sheet, however you get there… enough cash until December 2021.”

“It takes 5-10 years to build companies, so what is three months in a 5 to 10 year journey. We will look back and say this was a blip in the life of a successful fund.”

On healthcare: “We think we can automate what a general practitioner does.”

“Flo is a great example. I don’t think any doctor above 40 would have thought it was a good idea.”

On dinosaurs: “The keyboard is gone in 5 to 10 years.”

“We think there is going to be, somewhere in the world, a Netflix for voice.”

On investing: “Anyone you finance now will remember you forever.”

ESG’s conceptual flaws

ESG – Environmental, social, governance… ‘issues’ is an industry in its own right, claiming $30trn in aum.

But how logical is its conceptual underpinnings? Does it reinforce moral behaviour or preclude it?

This conversation with leading private markets adviser and social responsibility author Cyril Demaria offers a deep and first principles analysis of how ESG plays into the many complexities and ethical decisions faced by investors and fund managers.

Podcast / audio-only version here.

Or subscribe via iTunes.

Anne Glover

Anne Glover on venture capital in 2020

In late February Before-Corona, I met with Anne Glover, CEO of Amadeus Capital Partners, for her take on the environment for venture capital investment; Amadeus’s long-standing commitment to deep tech, how to seed talent and ideas, the trade-offs of VC fund structures and exit opportunities for European portfolio companies.

Audio-only podcast here.

Or listen on iTunes.