Gloria Bauerlein

Gloria Baeuerlein, founding partner of Puzzle Ventures, dives into the solo GP model in the competitive European venture capital scene. She explores how AI is transforming SaaS pricing and delivery, emphasizing the shift towards outcome-based sales in construction tech. Gloria discusses the benefits of building a fund centered on personal strengths rather than conventional models. The conversation also touches on the fierce competition among seed and multi-stage funds, highlighting how solo GPs can uniquely outperform larger counterparts.

Gloria Bauerlein, founder and general partner at Puzzle Ventures, discusses her journey into VC, tips for micro funds, nurturing relationships, and collaboration in the industry. She reflects on breakthroughs in venture capital and the importance of early believers. Gloria shares her journey into angel investing, the genesis of Puzzle Ventures, and the value of being seen as an angel investor. The role of LPs in allocation reserves and governance is also discussed. The chapter highlights the significance of luck, curiosity, and creating conditions for luck and serendipity.