Kenneth Thomas, principal at Back Future VC and co-host of "The Mergers" podcast, dials in from New York to discuss early-stage B2B SaaS investing and the upcoming SaaStock Dublin conference featuring a £1M winner-take-all pitch competition. Having moved from banking to FinTech to venture capital, he explains his fund's solo GP structure advantages and thesis on founder-market fit, while criticising VCs who make commitments without capital backing. The conversation covers European versus American storytelling approaches, the role of domain expertise in early-stage investing, and his podcast's focus on unconventional routes into and out of finance.