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E491 | Patric Hellermann, Foundamental: “VC edge” aka differentiation

E491 | Patric Hellermann, Foundamental: “VC edge” aka differentiation

EUVC · EUVC

June 12, 20251h 13m

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Show Notes

In this special episode, we welcome back

to dive deep into the concept of edge in venture capital. This isn't your average discussion on differentiation—it's a methodical breakdown of what creates enduring alpha for fund managers, grounded in Patric’s experience building

, a B2B-focused early-stage VC.

This episode is for anyone asking: How do I build an edge that scales? You’ll leave with answers rooted in practice, not theory.

Here’s what’s covered:

  • 02:30 What Makes an Edge? Why Most VCs and LPs Struggle to Answer
  • 06:15 The 4 Steps of VC Value Creation: Sourcing, Picking, Winning, Managing
  • 12:45 What Founders Want: How to Make Yourself the First Call
  • 17:10 DPI Over Hype: Why Patrick Optimizes for Liquidity, Not Likes
  • 21:20 Empathy, Proximity & Pattern Recognition: What Most European Funds Get Wrong
  • 28:35 Pan-European Funds & the Pitfalls of “Routine-Free” Investing
  • 34:40 Why Distribution Beats Product: Lessons from Category Leaders
  • 41:25 Fund Design That Scales: GPs with Domain Depth Over Generalism
  • 53:30 Prioritization as a Superpower: How to Build With Focus
  • 1:00:45 National vs Global Champions: How LPs Think About Risk and Follow-On Capital