EUVC VC | E371 | Oxx's Mikael Johnsson on how to make a company stand out in a competitive market
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Nov 5, 2024 In this lively discussion, Mikael Johnsson, Founding General Partner of Oxx, shares insights from his 24-year journey in venture capital. He emphasizes the importance of intellectual curiosity and a focus on product-market fit in successful investments. Mikael discusses Oxx's unique approach to backing growth-stage B2B SaaS companies and the challenges faced in a competitive landscape. He also critiques traditional investment philosophies and highlights the need for collaborative investor relationships, making this a must-listen for aspiring entrepreneurs.
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Mikael's Venture Journey
- Mikael Johnsson started venture capital in 2000 during the dot-com bust and planned to leave after three years.
- Twenty-five years later, he remains deeply engaged in venture, driven by intellectual curiosity and stubbornness.
Venture Investing Reality
- Early investing experience during a market crash shaped Mikael's mindset on venture capital.
- Investing isn't just about deploying capital but persistently building and exiting great companies.
Concentrated Bets with Upside
- Concentrated portfolios limit swinging for fences but can still capture venture returns.
- Oxx seeks companies with both stable base case returns and real breakout upside.