With a massive slowdown of our inbound deal flow due to Covid-19, we decided to pause proactive investments for two months (apart from committed term sheets & hand shakes) and ask ourselves how we could be more useful to our founders?55% of total…

We've been hammering the going global recently. Why? Because it's the future. It's easier than ever, more vital than ever, but also as simple as a visio/call.So if you're a 1. France-based startup, 2. you have a multicultural/multilingual team, 3.…

'Honey, I shrunk the kids' is a popular American film directed by Joe JohnstonFor French readers : in the US most seed investments are now on SAFEs (West Coast) and convertible notes (East Coast). When it’s an equity round, the term sheet mostly…

Ever since Newfund Capital landed in the US in 2013 via a “flip” of one of its portfolio companies, its american-ess has progressively increased : 1/3 of our investments are state-side, 15% of our LPs live in the US, 25% of the Newfund team has an…

Not all revenue is equal. Figuring out how strong yours is remains key for the future of your business, especially in a post-covid world and the likely crisis.Typical result for the “cigarette analysis”.When facing troubles, most entrepreneurs (me…

I must hear it every day. Should you raise your seed round with a few Business Angels (BAs) or should you raise with a Venture Capital Seed fund?I am obviously biased since I work for a VC fund, but I once raised money from Business Angels as an…

Do, do, do, but how about a dose of don’t, don’t, don’t?Don’t partner with associates without a shareholders’ agreement!You might be best friends now, but don’t tomorrow decide on something you could put in writing today.Don’t give equity to someone…

Pitch decks are all very different. They are customized for the fundraising round, the industry, the country, the experience of the entrepreneurs.This is the pitch deck, slide by slide, 9 slides long, to unite us all! [If you don’t care about the…

If you prefer to download directly the check sheet, download is here.Newfund recently announced its 3rd series A refinancing in a row over the last three months. First came FairMoney with Flourish Ventures & DST partners. Then Fairmarkit with…

[If you came for the maps of the French ecosystem, just scroll below — last updated Sep. 14th, 2020⚙️ NEW: Excel download here]In order to help entrepreneurs target the right funds and avoid wasting time reaching out to the wrong funds, we have…