You can just build things.

You can just build things.

First off, happy New Year to everyone! Wishing you all lots of health and motivation to tackle new projects. Edgar here.

To be honest, I’ve never been one to jump on the “new year, new me” bandwagon or get caught up in superstitions. For me, every single day counts and is just as special. But as this past year came to a close, I started reflecting on something important: the value of execution and the need to block out external noise. That noise, most of the time, does nothing but create irrational doubts — usually from people who’ve never been in the game themselves but somehow always have an opinion.

Take our journey with Enzo as an example. From the start, it’s been about building a kind of noise-proof shell and focusing entirely on executing. Very much in the spirit of “You can just build things.” We didn’t overthink it; we just got to work and powered through everything that came our way.

Sure, selling our first company, DiHola, which I co-founded with Iván, and my early experiences at Glovo during its startup days gave us a foundation to lay that first brick for Enzo — especially when it came to GP commitment. But let’s be real: the odds were (and still are) completely stacked against us.

I mean, how do two kids in their twenties break through the barriers to launching a VC fund from scratch, with barely any track record? Fair question. And honestly, there’s some truth to it. But I’ve always believed that the biggest things often come from people with zero bias — those who think outside the box.

We had a clear vision: to bring a fresh perspective to Southern European VC and build a firm that could set the benchmark for decades to come. It’s a life project for us, one that leverages our generational understanding of technology to invest rationally in companies that improve the lives of our generation and the ones to come.

Fast forward a few months, and we’re at a point that, looking back, felt almost impossible. We closed our first fund at over €10M, invested in 21 companies across six geographies, co-investing alongside some of the best funds in the world, and we’re already gearing up for Fund II.

And let me tell you, this first fund wasn’t handed to us — it was pure hustle. We brought in 77 LPs, 95% of whom came through cold emails that turned into meetings and eventually commitments. Some were onboard in just 30 minutes, while others took months. Most are HNWIs (entrepreneurs and business leaders), but we also managed to bring in a couple of international FoFs, which gave us a huge credibility boost. The trust and support of Moira Capital have also been crucial; they believed in us from the very beginning, helping us launch this project through their asset management company under very fair conditions and even bringing in a few LPs.

In total, we did over 600 meetings with potential LPs — personally, I handled over 500 of those. If there’s one word to sum it all up: persistence.

And it wasn’t easy. We raised this fund during the worst VC vintage in history — 2022/2023.

So, to wrap it up and not drag this on, here’s my two cents: block out the noise, stay in your lane, and trust your instincts. Partido a Partido — Cholo Simeone style.

Jose Vicente Ruiz

Tech Entrepreneur (Serial & Parallel) | Innovating Through Software Excellence | Fueled by Passion and Vision | Founder & CEO Social Labs | Founder & CEO Industry Labs

1 个月

Success is simply the outcome when persistence aligns with talent, patience, and passion. As Pablo Picasso wisely said, ‘Let good luck catch you working.’ The best is still ahead for Enzo. Keep pushing forward! ????

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