

VC | E466 | This Week in European Tech with Dan Bowyer, Mads Jensen, Lomax & Andrew J. Scott
May 12, 2025
Lomax Ward from Outsized Ventures discusses the latest on public markets and the emerging venture capital landscape. Mads Jensen of SuperSeed dives into the wind sector crisis and the implications of AI advancements. Andrew J. Scott, founding partner at 7percent Ventures, critiques the UK’s deep tech challenges and public sector failures. The dynamic conversation also explores the evolving nature of secondary markets and the competitive race between Google, OpenAI, and others, revealing insights that could shape the future of European tech.
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Episode notes
Offshore Wind Sector Crisis
- Rising interest rates and supply chain constraints have made the Orsted Hornsea 4 offshore wind project economically unviable.
- European wind manufacturers lost market share to China, causing a cost increase and project cancellations.
UK Deep Tech Investment Surge
- UK deep tech investments surged 100 times from 2015 to 2025 but still lag significantly behind the US.
- Lack of exits and some key IP moving to the US hamper building a dominant UK compute hardware ecosystem.
Start Small in GovTech Projects
- Start with smaller projects in government tech initiatives to prove value before scaling up.
- Avoid massive, monolithic IT projects to reduce risks and improve outcomes.