Michael McGraw, Principal at Inovia Capital, shares his insights on the European venture capital landscape. He discusses how European LPs can benefit from a higher risk appetite, drawing lessons from Canadian investment strategies. The conversation delves into Inovia's selective approach to scaling Series B to pre-IPO companies across Europe and North America. Michael also highlights the challenges faced by European LPs and the importance of building relationships in the venture ecosystem. Notable success stories, including investments in companies like Lightspeed, illustrate the potential for innovation.