Weekly Recap, May 9th - May 15th 2022

Buonasera! Get up to any mischief this week?

Ok folks, you know the drill: it's all my LinkedIn posts for the week, plus a few extras.

Ready? Because here it comes!

Getting some seriously panicked messages from VCs (and some entrepreneurs) who’ve never been in a downturn before. Calm down. The world isn't ending. Now get to work. ??♂?

“The overall semiconductor shortage will now drift into 2024”. Basically just ‘duh, no shit’ at this point. ??

"Expect raising follow-on rounds to be more challenging in the next few months...that being said, we have seen financing rounds completing at 2021 prices in recent weeks". ??

"The run of poor performance means the firm has in four months erased around two-thirds of its gains since its launch in 2001". ??

The turbo encabulator of the Web3 era. ??

The?EIC?fund drama continues. MEPs now putting defunding on the table. Honestly, at this point just put me in charge of it and make it fully autonomous. I'll use the money to help turn Europe into a deep tech juggernaut. ???? ?? ??

And just like that...?? poof ??...the gains that biotech stocks made during Covid have disappeared. ??

VCs giving their portfolio companies the "RIP Good Times" talk. ??

"HMRC forecasts for 2021-22 suggest that the Enterprise Investment Scheme would cost the Exchequer over ￡500M. On top of this, two Venture Capital Trust relief schemes combined potentially cost over ￡250M. The Committee will want to make sure the UK is getting true value for money." ???? ???? ??

'Saving Capital Markets'. Just epic! ??

“Compared to last year, the amount of new investments will be half or could be as small as a quarter”. - Masayoshi Son ?? ??

“There is a TON of dry powder out there". ? There really is...which is why venture shouldn't dry up if there's a sustained downturn in public market tech, which itself is still a big if.

“The firm's management fees are on net asset value. So inflated valuations mean more management fees.” ?? ?? ??

"More people have been in space than have succeeded in raising a first-time life sciences venture fund in Europe." ?? ?????

"Europe’s lack of scale in transversal technologies jeopardizes its position in nearly all sectors, including current strongholds like automotive and luxury goods." McKinsey paints a not so rosy picture of Europe's present and future. ??

Now time for some extras!

I could listen to Kirk Fletcher play all day...and this 1955 Gibson Les Paul Goldtop is ??:

Changes in living arrangements for 25-34 year olds in the US:

Cost of raising a child in various parts of the world:

Trust in science becoming partisan:

How many in CEE remember May 1945:

Intel vs AMD gross margins:

Practice any art, music, singing, dancing, acting, drawing, painting, sculpting, poetry, fiction, essays, reportage, no matter how well or badly, not to get money and fame, but to experience becoming, to find out what's inside you, to make your soul grow. - Kurt Vonnegut

How far can you travel in a Tesla Model 3 on 1kg of CO2 in the G20:

HEC Alumni fundraiser to provide medical supplies to Ukraine. It's an important cause, and good people are organising it. ???? ??

And there it was!

Feel free to?follow me on Twitter.

Have an amazing week!

MJ.