Listen "Übermorgen Ventures - The Climate Tech Evergreen Fund with Alex Langguth"
Episode Synopsis
Alexander Langguth is the Co-Founder and Managing Partner at Übermorgen Ventures, an early stage Zurich-based venture firm with early investments in climate innovators like Sunvigo, carbo culture and delicious data.Alex has always shown a high level of transparency and collaboration with other Climate Tech investors. In this episode, I take you behind closed doors and give you maximum insights.We discuss Ubermorgen's evergreen fund model and why it actually helps to raise 1st-time funds.We hear Alex share how difficult it was to raise a first fund and how they run investment decisionsAnd Alex and I rip on contrarian views, on what most people get wrong about being a fund manager and advice for job seekers and entrepreneursListen and LearnThe reasons why Ubermorgen picked an evergreen fund modelThe difficulty to sell this new model to LPs initiallyAlex’s expected ratio of institutional funds, evergreen funds, solo GPs in Europe in 10 years Alex most painful moment raising their 1st fund Whether LPs cared more about impact of financial returns Why having contrarian views and avoiding confirmation bias is so important in VCThe area where Alex has completely changed his views over the last 2 yearsWhat most people have wrong about being a fund managerHow Übermorgen handles investment decisions internally and votes on deals (with 1 to 10 scoring) The best advice to share with entrepreneurs on HOW to engage with VCs to maximize success of their fundraisingHow to land your first job in Climate TechShow LinksUbermorgen Ventures' Website Alex's LinkedinThe Sequoia evergeen fund and more about Sequoia’s open ended fund model Climate Tech Slack communities: Voyagers and My Climate JourneyThe runing list of all Climate Tech VC funds (in Europe and worldwide)The Huge heat wave hitting India and Pakistan with 42C The Wet build 35 phenomenon when it’s too hot for humans to surviveUbermorgen NewsletterImpact assessment framework by Full Frame InitiativeClimate Fiction book recommendation: The Ministry for the FutureCarveoutsClimate Fiction book recommendation:
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