Christoph Hornung, co-founder of Rocket Internet & now at VC firm Draper Esprit, about how later stage startups thrive now
Every crisis has its winners – and although the coronavirus pandemic is going to lead to a massive economic slowdown, it could also provide a breeding ground to innovation and change, specifically for entrepreneurs in disruptive tech.
In this episode of the Bits & Pretzels Podcast Christoph Hornung, the co-founder of legendary German startup accelerator Rocket Internet, who recently joint London based VC firm Draper Esprit as investment director, explains what specifically later startups can do to join the league of "Covid-19 unicorns".
Draper Esprit is one of the leading VCs in Europe with investments in N26, Revolut & Transferwise among others & a focus on series B, C and later stage companies.
And Christoph has sat on both sides of the startup table before. Eight years ago, when he co-founded Rocket Internet in Berlin, he helped kick-starting the startup ecosystem in Germany. From his experience as investor and entrepreneur he shares what founders can do every step of the way – from the early days to the later stage to right before the exit to improve their performance – and why the time to act is now.
1:55: Best practices: The DOs & DONT's for conversations with a VC during Covid-19
10:15: How do create a longer runway when you are a young founder
15:45: Who will the Covid-19 unicorns be?
20:33: Beer Garden Break: Key elements that startups and companies face
26:25: The fabulous Draper Clan who built the VC business in Silicon Valley
29:02: Learnings from Rocket Internet for entrepreneurs: “It's all about execution”
32:44: NEW! B&P Tool Box: Select the right people and take care of your financials
33:23: Either-or-game: “I prefer sustainable growth”
Production: Regina Körner, Migo Fecke (professional-podcasts.com); Hubert Honold.