20VC: VCs are Spreadsheet Monkeys and are Commoditised | Why Fees and Carry Misalign GPs and LPs | Why Founders Will Realise Multi-Stage Funds Damage Seed Rounds | Why We Need European Sovereignty More Than Ever with Taavet Hinrikus

Do not be that asshole. There are plenty of stories out there of respectable VCs not picking up the phone when it's at bad times. We are a commoditized product, Harry. VCs are a commodity. You can press them down.

Fundamentally, the idea of collecting a 2-2.5% management fee does not really make sense. It does not align us with the outcomes. If we can't imagine 100x, we should not be entertaining this idea of this deal. This is 20VC with me, Harry Stabbings. Now I am a proud European.

I grew up loving technology in London. With that in mind, there were few heroes for me to look up to. One of them is our guest today. He's built one of the most defining companies in Europe over the last decade, the first ever direct listing in Europe, now a 10 billion dollar company, I'm thrilled to welcome Tarvert Henrichus, today a partner at Plural, the $500 million fund that backs the most ambitious founders in Europe to build what I call really hard shit.

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