LSG2G
Beginner's Mind with Christian Soschner is your lens into business and investing in deep tech.
06/11/2024
๐ Reflecting on a memorable experience at BIO-Europeโs 30th anniversary in Stockholm! ๐
Being part of the โThank You for the Musicโ panel was such a privilegeโan insightful, engaging conversation on life sciences, innovation, and the trends shaping our industry.
Special thanks to Millie Nelson for her excellent moderation, creating a space for each voice to shine and guiding the audience through the key takeaways.
And what a fantastic lineup alongside me: Cormac Sheridan Mike Ward and Jonathan Smithโeach bringing unique insights and expertise that added incredible value to our discussion.
The full panel is available to rewatch in the partnering system for those who missed it.
A dynamic session filled with energy, perspectives, and future-focused ideas!
Big thanks to Michelle Cheesbrough and the entire EBD Group team for organizing such a memorable event. Your dedication and vision made this anniversary celebration a standout.
Now, Iโm counting down to BIO-Europe 2025 in Vienna and already looking forward to reconnecting with everyone at BIO in Milan next spring.
21/10/2024
You're the CEO of a promising startup, fresh off a Series B.
Things are looking goodโbut what happens next?
As you push for a Series C or even a D, the road narrows.
Fewer investors, fewer acquirers.
And raising the next round?
Itโs not enough just to growโyou need to convince institutional investors youโre worth billions.
But how?
Hereโs the harsh truth:
To let your VCs shine, you need to provide them with a 10x to 100x exit. That means, with a $500M valuation, your company needs to hit somewhere between $5 billion and $500 billion in value.
Think about itโhow many companies can buy you out at that level? Not many.
But the public market can.
Thatโs where the big institutional playersโpeople with a mindset like Charlie Mungerโwait for opportunities.
And they are not looking for flashy startups; they want solid, long-term investment cases.
So, how do you make your company attractive to these investors?
It starts with understanding their mindsetโjust like Charlie Mungerโs principles that guide the best in business and investing.
Step 1: ๐๐๐ฌ๐ญ๐๐ซ ๐ญ๐ก๐ ๐๐ซ๐ญ ๐จ๐ ๐๐ง๐ฏ๐๐ซ๐ฌ๐ข๐จ๐ง ๐๐ก๐ข๐ง๐ค๐ข๐ง๐
Munger teaches us to think backwardโidentify what could go wrong and work backward to avoid those pitfalls. As a CEO, this means understanding what makes institutional investors walk away and structuring your company to avoid these red flags.
Step 2: ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ ๐ก๐ญ ๐๐จ๐ฏ๐๐ฌ
Just like compound interest builds wealth, small, consistent improvements in your companyโs governance, culture, and financial health make you more attractive over time. The institutional investors youโre targeting are not impressed by fast growthโtheyโre looking for consistent, sustainable improvement.
Step 3: ๐๐๐ญ ๐ญ๐ก๐ ๐๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ ๐๐ข๐ ๐ก๐ญ
What motivates your team today wonโt cut it tomorrow. If you want to scale to a $5B+ valuation, you need to align your company's goals with those of public market investorsโunderstanding the incentives that drive them.
When you apply these principlesโavoiding cognitive biases, fostering the right culture, and aligning with investor expectationsโyouโre not just building a company; youโre building a long-term, investment-worthy powerhouse.
The kind of business that goes beyond a Series C and becomes a public market darling.
The reward?
You stop worrying about the next round and start preparing for an IPOโor, better yet, an acquisition exit that makes your VCs rave about you for decades. But it all starts with adopting the right mindset.
If you want to learn more about how to apply these timeless principles to your business, tune in to my latest podcast episode.
In this episode, I break down the 9 core principles from Poor Charlieโs Almanack that every CEO needs to know, especially when navigating the tricky waters of Series C and beyond.
Your success might depend on it!
๐ Ready to dive deep into Charlie Mungerโs wisdom and transform how you think about business and investing?
Here are the links you need:
๐ง Listen to the full podcast episode here: [https://www.buzzsprout.com/779930/episodes/15964204]
๐บ Watch it on YouTube: [https://youtu.be/grVZJiHqSqg]
๐ Grab the book "Poor Charlieโs Almanack" on Amazon: [https://amzn.to/4hcJHMa]
Donโt miss out!
29/01/2024
๐ ๐๐๐ฏ๐ข๐ ๐๐ญ๐ข๐ง๐ ๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐๐๐ก ๐๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง: ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ฏ๐ข๐ ๐๐๐ง๐
I'm excited to present a new episode featuring a captivating conversation with David DANA, the mastermind at the European Investment Fund (EIF).
In this episode, David shares his insights on driving Europe's technological sovereignty. He delves into the transformative power of AI, Blockchain, and Quantum Technologies, and how these are shaping Europe's future in the global tech market.
Join us as we uncover how David's strategic vision and leadership at EIF are catalyzing Europe's journey towards becoming a technological powerhouse.
๐๐๐ซ๐ ๐๐ซ๐ 7 ๐จ๐ ๐ฆ๐ฒ ๐๐ข๐ ๐ ๐๐ฌ๐ญ ๐ญ๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ: ๐
๐ ๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐จ๐ฅ๐ ๐ข๐ง ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐๐ก: [00:06:42]
"Europe has a role to play in the global market."
๐ก ๐๐ฆ๐๐ซ๐๐๐ข๐ง๐ ๐๐ข๐ฌ๐ค ๐๐จ๐ซ ๐๐๐ฐ๐๐ซ๐: [00:27:34]
"If you don't take the risk, you will not get the rewards."
๐ฌ ๐๐ฎ๐๐ง๐ญ๐ฎ๐ฆ ๐๐๐๐ก ๐๐๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง: [00:34:50]
"Quantum technologies are at the beginning of something potentially huge."
๐ ๐๐ฉ๐๐ง๐ง๐๐ฌ๐ฌ ๐ข๐ง ๐๐๐๐ก ๐๐ซ๐๐ง๐ฌ๐๐๐ซ: [00:46:25]
"Opening to other shareholders helps to value and support the ecosystem more effectively."
๐ผ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ: [01:04:16]
"We need to generate returns; it's not just about investing, it's about deploying."
๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐ฏ๐ ๐๐๐ฉ๐๐๐ข๐ญ๐ฒ: [01:20:30]
โEurope has the capacity, knowledge, and brains to innovate and change the world.โ
๐ ๐๐ฆ๐ฉ๐จ๐ฐ๐๐ซ๐ข๐ง๐ ๐๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ: [01:27:51]
"We need to empower others by trusting them, giving them autonomy and responsibility."
Tune in for an in-depth exploration of these topics and more. (Links to the full episode in the comments)
Which insights from David Dana resonated with you the most?
Like, comment, and share with those who would benefit from this content. Your support helps us grow the show and attract more incredible speakers like David, delivering insightful content for free. ๐๐ช๐บ
24/12/2023
๐ Merry Christmas to The Facebook Community ๐
In the spirit of the festive season, I'm excited to share my latest newsletter with you. It's a blend of reflection, gratitude, and insights from the world of deep tech, rooted in the philosophies that have shaped my journey.
๐ Read the full letter here: [https://open.substack.com/pub/lsg2g/p/harmonizing-spirits-navigating-the?r=bxlfd&utm_campaign=post&utm_medium=web]
Join me as we explore the values of understanding, cooperation, and kindness, crucial for both life and the dynamic world of startups and investing.
Wishing everyone a season filled with peace, joy, and inspiration.
๐ A Merry Christmas yโall - Christian Soschner
11/12/2023
๐ Exciting Podcast Alert! ๐ง
Hey everyone! I'm thrilled to share the latest episode of our podcast where I had an insightful conversation with the brilliant Matias Serebrinsky from Psymed Ventures.
In this episode, we delve deep into the transformative world of mental health care, exploring how innovative approaches like psychedelic therapy and AI are reshaping the way we think about wellness and treatment.
๐ Episode Highlights:
The groundbreaking potential of psychedelics in mental health care.
How AI and technology are revolutionizing treatment methods.
Matias's inspiring journey and the vision behind Psymed Ventures.
๐ฅ Watch the full episode here for an engaging and thought-provoking experience: https://youtu.be/3eOCZJqPKGY
๐ง Prefer just audio? Listen to our podcast while you're on the go: https://www.buzzsprout.com/779930/14125096
Join us in this eye-opening conversation and discover the future of mental health care. I'd love to hear your thoughts and takeaways in the comments below!
Time truly flies. While organizing my Podcast drive, I stumbled over an episode from 12/2020 with Prof. Dr. Alexander J. Wurzer.
The topic is now more important than it was in 2020: Patenting digital solutions.
This episode with Prof. Alexander Wurzer dives deep into the intricate world of digital patents and intellectual property!
Here are 7 of my biggest takeaways: ๐
๐๐ฎ๐ซ๐จ๐ฉ๐'๐ฌ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ญ๐๐ง๐ญ ๐๐๐ฉ: [04:14]
Europe is significantly underrepresented in patent applications for digital fields. This points to a potential innovation gap or a different approach to digital advancements.
๐๐ก๐ ๐๐๐๐ฅ๐ข๐ญ๐ข๐๐ฌ ๐จ๐ ๐๐๐ญ๐๐ง๐ญ๐ข๐ง๐ : [18:03]
Patenting isn't just about the tangible product or solution. It's a strategic game where fulfilling legal provisions is key. It's not always about reality but about playing the game right.
๐๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐จ๐ ๐๐ฐ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ข๐ง ๐๐๐ญ๐๐ง๐ญ๐ฌ: [32:00]
Ownership isn't just a title. It provides the exclusive right and leverage, empowering patent holders to motivate third parties to utilize or license their intellectual property.
๐
๐ซ๐จ๐ฆ ๐๐๐๐๐ฌ ๐ญ๐จ ๐๐๐ญ๐๐ง๐ญ๐๐๐ฅ๐ ๐๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ: [49:15]
An idea in itself isn't patentable. However, when its implementation is detailed and explained, it transitions from a mere concept to something that can be protected under patent law.
๐๐ก๐ ๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐๐๐ก๐ข๐ง๐ ๐๐ฎ๐๐๐๐ฌ๐ฌ๐๐ฎ๐ฅ ๐๐๐ญ๐๐ง๐ญ๐ฌ: [1:03:58]
A successful patent requires more than just a great idea. It needs a champion, someone who believes in it wholeheartedly and will passionately advocate for its protection and application.
๐๐ก๐ ๐๐ฅ๐จ๐ฎ๐-๐๐๐ญ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐ซ๐จ๐๐๐ก ๐ญ๐จ ๐๐๐ญ๐๐ง๐ญ๐ฌ: [1:27:43]
Those who are inherently digital or "born in the cloud" have a unique approach to patenting. Their deep understanding of software concepts, architecture, and implementation leads to distinct patent structures.
๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐ฎ๐ ๐๐๐๐: [1:34:16]
It's crucial to understand what consumers truly want. For instance, they aren't necessarily looking to buy washing machines; they're seeking the outcome - clean clothes.
Enjoy the snippet from the episode. (Links to the full episode in the comments)
Which part of the episode did you like the most? Like, comment, and share with people who might benefit from the content.
08/10/2023
๐ ๐๐จ๐ฐ ๐๐๐ง ๐ฒ๐จ๐ฎ ๐ฌ๐ญ๐๐ฒ ๐๐ก๐๐๐ ๐ข๐ง ๐๐ง ๐๐ฏ๐จ๐ฅ๐ฏ๐ข๐ง๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐? ๐
In the face of high interest rates and shifting dynamics, the investment world is changing rapidly. But, for those well-equipped with the right strategies and insights, there's opportunity amidst the uncertainty. ๐
๐๐๐ซ๐'๐ฌ ๐ฐ๐ก๐๐ญ ๐๐ฐ๐๐ข๐ญ๐ฌ ๐ฒ๐จ๐ฎ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ฐ๐๐๐ค'๐ฌ ๐ง๐๐ฐ๐ฌ๐ฅ๐๐ญ๐ญ๐๐ซ:
๐ ๐๐ก๐ ๐๐ฆ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐๐ข๐ ๐ก-๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐๐๐ญ๐๐ฌ: Get insights on how this impacts startups, VCs, and LPs.
๐ ๐๐ญ๐๐ซ๐ญ๐ฎ๐ฉ ๐๐ง๐ ๐๐๐ง๐ญ๐ฎ๐ซ๐ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐๐ฆ๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐ฌ: Delve into what shapes the investment and VC landscapes.
๐ ๐๐๐ฅ๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ: Unravel the mysteries of market valuations and what they mean for your investments.
๐๐จ๐ง'๐ญ ๐ฆ๐ข๐ฌ๐ฌ ๐จ๐ฎ๐ญ ๐จ๐ง ๐จ๐ญ๐ก๐๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐๐ฌ ๐ฅ๐ข๐ค๐:
Latest articles and updates ๐
Inviting podcasts ๐ง
Inspiring book recommendations ๐
Quotes to power your week ๐ช
๐ Read the newsletter and ensure you stay at the forefront of the investment realm: https://lsg2g.substack.com/p/how-to-thrive-in-the-high-interest
And, if you find value in these insights, do consider subscribing for more monthly information. ๐
How to Thrive in the High-Interest Rate Era of 2023? Mastering the Investment Landscape Amidst Global Shifts
12/09/2023
๐ฅ ๐๐๐ฟ๐ถ๐ผ๐๐ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ ๐ผ๐ณ ๐ฑ๐ฒ๐ฒ๐ฝ ๐๐ฒ๐ฐ๐ต ๐ฎ๐ป๐ฑ ๐ฒ๐ป๐๐ฟ๐ฒ๐ฝ๐ฟ๐ฒ๐ป๐ฒ๐๐ฟ๐๐ต๐ถ๐ฝ ๐ถ๐ป ๐๐๐๐๐ฟ๐ถ๐ฎ?
The Austria Startup Conference 2023 is where you'll find the answers, make valuable connections, and get a roadmap for success.
๐ ๐ช๐ต๐ ๐๐๐๐ฒ๐ป๐ฑ?
1๏ธโฃ ๐๐ฐ๐๐ถ๐ผ๐ป๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐: This isn't just another panel discussion. We're diving deep into topics that matter, from sustainability in business models to the future of fintech.
2๏ธโฃ ๐ค๐๐ฎ๐น๐ถ๐๐ ๐ก๐ฒ๐๐๐ผ๐ฟ๐ธ๐ถ๐ป๐ด: The attendee list reads like a who's who of the startup ecosystemโfounders, investors, and industry experts. Don't miss the chance to expand your network.
3๏ธโฃ ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐๐ฐ๐ฐ๐ฒ๐๐: Whether you're a founder or an investor, you'll walk away with strategies that you can implement immediately to make a difference.
๐๏ธ ๐ ๐ฒ๐ฒ๐ ๐๐ต๐ฒ ๐๐
๐ฝ๐ฒ๐ฟ๐๐:
Adam Fulham , a key player in the European startup network
Madeleine Tang , who's at the forefront of TikTok's business initiatives
Bjoern Schaettgen , a growth maestro at Match-Maker Ventures
Patrick Bartos , a climate tech venture builder
Robert Wesley , an AI and blockchain innovator
Alexey Kapustin , a leader in digital banking
Dr. Pius Sprenger , an angel investor with 20+ years of experience
Dr. Brigitta Schwarzer, MBA , an authority on governance and compliance
๐ ๐๐ผ๐ป'๐ ๐ ๐ถ๐๐ ๐ง๐ต๐ถ๐ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐
Seats are limited and going fast.
If you're serious about leveling up your startup or investment game, this is a must-attend event.
Reserve your seat now: https://lnkd.in/di8RY3Pa
02/08/2023
Check out the episode with Daniel Vitt, CEO of Immunic Therapeutics
๐กLearn more about our clinical development pipeline of oral small molecule therapies for chronic inflammatory and autoimmune diseases in the LSG2G podcast with moderator Christian Soschner and our CEO & President, Dr. Daniel Vitt.
โก๏ธ https://bit.ly/43JnPjH
"Climate change is not a distant threat, it's happening now. But what can we do about it?" - Dr. Kimberley R. Miner.
Meet Kimberley, a Climate Scientist and Program Manager at NASA's Jet Propulsion Lab. In this 3-minute clip, she shares her insights on the top three actions we can take to combat climate change, the role of biodiversity in addressing the crisis, and the future of climate science.
If you're concerned about our planet's future and want to understand what steps we can take to mitigate climate change, this clip is a must-watch.
Watch or listen to the full episode here:
๐ฅ YouTube: https://youtu.be/5Mun1mF423Y
๐ง Podcast: https://beginnersmind.buzzsprout.com/
Don't forget to like, share, and subscribe for more insightful conversations with leading experts like Kimberley. Together, we can learn, grow, and take action.
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