Europe doesn't lack venture capital — it lacks the architecture to move it from innovation to scale. This episode dissects the megafund problem: fund-size math, the Series B cliff, and the KfW VC Barometer behind Europe's scale-up gap. With Jörn “Joe” Menninger.
Why this matters for European startups and scale-ups: The scale-up gap is the defining constraint on European startups. This is a structural look at why growth capital can't reach the founders who need it — and what would change that.
In this episode, we cover:
Why Europe has capital but not the architecture to scale it
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