The European VC

EUVC #248: Ben Topor on Growth & Secondaries Investing & The Beauty of Flexible Mandates


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Today we have Ben Topor with us. Ben is a Founder & Managing Partner at Titan Capital, an investment firm in Israel backing Israeli, European and American companies by providing growth equity & secondary capital to world-class internet, software, consumer, and financial technology companies, with a bottom-up approach to secondary and growth.

Titan is raising a 50m USD Fund, investing in companies and venture capital partnerships directly and via secondary transactions and is backed by top-tier global investment firms, leading corporations and family offices. And, of note, Tiger Management, which is a well-known investment firm that built an impressive track record in seeding some of the world's best fund managers, backed Titan.

Chapters:00:00:00 - Introduction and Invitation to Join O.G. Webinar of The Year00:02:47 - The Future of European Venture Capital00:05:50 - The Pivotal Book: Crossing the Chasm00:08:51 - The Importance of Solving a Pressing Need00:11:57 - Factors affecting investment strategies00:14:50 - Timing the Market and Spreading Your Bets00:17:58 - Different Considerations for Selling Shares00:20:48 - Strategies for Secondary Investments00:23:50 - Finding Bargains in the Secondary Market00:26:56 - Investing in European Startups00:29:57 - Winning with LP secondaries00:36:21 - Methodology of Thinking about Data00:39:21 - The Flexibility of Investing in Growth Companies00:42:37 - Fundraising Challenges for VCs00:45:48 - VC Strategies: Long-lasting businesses vs. Threatening categories

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Q: What advice would you give your 10 year younger self?

* Relax, time heals everything. You win some and you lose some. Tomorrow is a new day

* Invest in yourself. Read books. I really started to read the classics in the army. Reading is great, but there is a real limit to what books can teach you - first hand experience is the most important.

Q: What are your top tips for emerging VCs across Europe who are fundraising?

* The biggest challenge for emerging VCs is fundraising.

* Sign LPs on a rolling basis.

* Use docusign to automatically follow up.

* It's a numbers game - one must build an ultra large funnel.

* In order to get the deal done, one must do anything in his power.

Q: Whatโ€™s the most counterintuitive thing youโ€™ve learned in venture?

* Don't ask other VCs for recommendations for companies.

* The founders are everything.

* There is a barrier to entry in early stage startups.

* Companies that are not in flavor today can be in flavor tomorrow.

Q: What do you believe that most people around you disagree with?

* Big TAMs are a problem, better to focus on smaller ones (these are the ones that are easier to find so you can become a gorilla).

Upcoming events

๐Ÿ“บ Virtual events weโ€™re hosting

Data-Driven Portfolio Modeling | Jan 17, 2024, 12:00 PM - 1:30 PM

The O.G. Roundtable of the Year | Jan 29, 2023, 12:00 PM - 1:00 PM

๐Ÿค In-person events weโ€™re attending

Hit us up if youโ€™re going, weโ€™d love to connect!

GoWest | ๐Ÿ“† 6 - 8 February | ๐ŸŒ Gothenburg, Sweden

Odense Investor Summit | ๐Ÿ“† 13 - 15 March | ๐ŸŒ Odense, Denmark

SuperVenture | ๐Ÿ“† 4 - 6 June | ๐ŸŒ Berlin, Germany

Nordic LP Forum & TechBBQ | ๐Ÿ“† September | ๐ŸŒ Copenhagen, Denmark

North Star & GITEX Global | ๐Ÿ“† 14 - 18 Oct | ๐ŸŒ Dubai, UAE

GITEX Europe 2025 | ๐Ÿ“† 23 - 25 May 2025 | ๐ŸŒ Berlin, Germany



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