Stephan Heller, Founding Partner at AQVC on AQVC's investment strategy and approach | E305

EUVC

Today, we have with us Stephan Heller, Founding Partner at AlphaQ Venture Capital. AQVC is an innovative, evergreen VC fund of funds focused on small VCs globally and democratizing diversified access to venture capital.
Stephan is a seasoned tech entrepreneur and investor passionate about nurturing the next generation of innovative companies, developing robust platforms, and cultivating thriving ecosystems. Over the past 15 years, he has been deeply involved in the entrepreneurial landscape.
Stephan also co-founded five companies, including a leading deep-tech startup accelerator for one of the largest high-tech corporates in the world and establishing a successful and innovative VC fund of funds.
Go to eu.vc for our core learnings and the full video interview 👀
Chapters:
00:13 Diving Deep into AQVC's Approach
00:35 Stefan's Unique Framework for Evaluating Funds
03:24 The Criteria for Evaluating Emerging Managers
03:38 Alignment and Uniqueness in Funds
04:14 Evaluating First-Time Funds: Challenges and Strategies
05:09 The Hustler Mentality in Venture Capital
05:59 Building a Firm with a Vision
06:37 Technical Aspects of Fund Evaluation
08:26 The Journey from First to Second Time Funds
09:03 The Role of Reference Calls in Due Diligence
10:46 Deep Dive into Track Record Validation
11:27 The Challenge of Investing in First-Time Investors
18:39 Evaluating Fund Performance and Strategy Execution
21:18 Understanding DPI Creation in Third Time Funds
24:04 Closing Thoughts and Future Plans