– Harry Stebbings’ Journey: UK podcaster who transitioned into venture capital (VC) after gaining fame for 20-minute interviews with VCs and tech founders.
– 20VC Fund: Stebbings closed his third and largest fund, 20VC, securing $400 million, focused on European startups.
– Fund Allocation: $125 million allocated for seed investments, $275 million for Series A rounds.
– European Focus: Stebbings aims to support European tech startups, addressing the gap between U.S. and European investment.
– Speed of Fundraising: The new fund was raised in four weeks, despite the tough VC climate.
– Stebbings’ Media Influence: His media platform (20VC podcast and social media) has boosted his profile, making him a key player in VC.
– Investors in the Fund: : MIT Investment Management Company, Horsley Bridge Partners, and Rothschild & Co -backed RIT Capital Partners plc. The fund also counts founders from Atlassian, King, Canva, Capital One, Datadog, Deliveroo, Eventbrite, ICONIQ , Procore Technologies, Spotify, UiPath, and Vinted. GPs from firms such as Thrive Capital’s Joshua Kushner, Accel, Benchmark , Coatue, Cyberstarts, Founder Collective, Founders Fund, Khosla Ventures, New Enterprise Associates (NEA), and TCV, also participated.
– Operator Experience: Stebbings emphasizes his operational experience, noting that 20VC has generated over £10 million in revenue.
– 20VC Sub-Funds: The firm has expanded into specialized sub-funds in areas like sales, product, and growth, led by experienced operators.
– Stebbings’ View on VC Economics: VC remains a high-risk field where 1% of companies generate 90% of the returns. However, Stebbings believes in Europe’s potential for major wins.
– Waiting for “MEGA” Payoff: Stebbings is still waiting for a massive payout from his investments, with Tripledot potentially being a major success.
– 20VC’s Media Reach: 20VC gets 50 million views on platforms like TikTok and YouTube, helping boost visibility in the tech and VC world.
