EUVC E360 | David Meiborg, First Momentum Ventures: The European Deep Tech Hardware Napkin
Oct 1, 2024
53:45
In this episode of the EUVC podcast, Andreas discusses with David Meiborg, General Partner at First Momentum Ventures.
First Momentum Ventures, with their €30M fund, specializes in backing deeply technical founders at the pre-seed stage. Their focus spans deep tech, industrial climate tech, dev tools, data, and enterprise SaaS across the DACH region and beyond.
In today’s discussion, David introduces us to the Deep Tech Hardware Napkin framework they recently launched, which includes the latest benchmarks on funding, team, product, and commercialization, broken down by stage. The Napkin and full report are based on a survey completed by 30 DeepTech VCs from 8 countries.
Go to eu.vc for our core learnings and the full video interview 👀
Chapters:
00:02 Meet David Marburg from First Momentum Ventures
00:28 Deep Tech Heartware Napkin
05:48 Deep Tech Napkin Collaboration
06:17 Inspiration and Data Sourcing
09:34 Deep Tech Hardware Napkin Breakdown
10:54 Pre-Seed Stage Insights
14:18 Seed Stage Insights
16:40 Series A Insights
24:07 Series B Insights
26:59 Founding Teams and Commercial Savviness
35:46 Technology and Product Stages
44:12 Tech Maturity and Valuation
49:06 Common Hardware Business Models
First Momentum Ventures, with their €30M fund, specializes in backing deeply technical founders at the pre-seed stage. Their focus spans deep tech, industrial climate tech, dev tools, data, and enterprise SaaS across the DACH region and beyond.
In today’s discussion, David introduces us to the Deep Tech Hardware Napkin framework they recently launched, which includes the latest benchmarks on funding, team, product, and commercialization, broken down by stage. The Napkin and full report are based on a survey completed by 30 DeepTech VCs from 8 countries.
Go to eu.vc for our core learnings and the full video interview 👀
Chapters:
00:02 Meet David Marburg from First Momentum Ventures
00:28 Deep Tech Heartware Napkin
05:48 Deep Tech Napkin Collaboration
06:17 Inspiration and Data Sourcing
09:34 Deep Tech Hardware Napkin Breakdown
10:54 Pre-Seed Stage Insights
14:18 Seed Stage Insights
16:40 Series A Insights
24:07 Series B Insights
26:59 Founding Teams and Commercial Savviness
35:46 Technology and Product Stages
44:12 Tech Maturity and Valuation
49:06 Common Hardware Business Models