Here are my key learnings (including one massive shock):
First up: A bias to optimism
Underpinning each of these is the fundamentally optimistic question - 'What could go right?' rather than 'What could go wrong'.
This expertise helps to reduce execution risk. People know how to manage, how to manage managers, what it means to be an individual contributor...
They also deeply understand the value of culture and team in building a great company.
Pushing decision making as far down the stack as possible from the founder increases velocity massively.
From the perspective of VCs and fintech founders in the Bay Area, European Fintech looks "behind".
Transferwise, Revolut, Monzo, N26, Zopa etc barely hit the radar
And go find investors that buys into that journey, even if it means going to the valley to find them.
It's not a case of monopoly-or-bust, but rather a challenge to think of the biggest possible version of the idea and...
The middle is death. Always think bigger!