Upside #41 - Publics Meets Privates – What It Means for Venture

Upside: Public Meets Private – What It Means for VentureIn this episode of Upside, Dan is joined by Lomax from Outsized, Andrew from 7%, and Mads from SuperSeed to explore how public markets intersect with private markets—and why it matters for VCs and founders alike.Key Topics Covered:[00:01] Welcome & Intros:Dan welcomes guests and sets the scene for a deep dive into public vs. private markets.[02:00] Ørsted’s Offshore Wind Cancellation:Mads unpacks the Hornsea phase four cancellation.Energy security, interest rates, and the geopolitical chessboard.[07:20] The UK’s Future of Compute:Lomax highlights Albion VC’s report on UK deep tech and compute.What went wrong with Graphcore and what’s next for quantum players like Riverlane and Quantum Motion.[10:45] Healthcare IT & NHS Modernisation:Andrew revisits the NHS’s tech failures and weighs the new £21B upgrade plan.The case for agile, smaller tech firms in public procurement.[16:30] DoorDash-Deliveroo Deal & EIF Market Pulse:Dan covers DoorDash’s acquisition of Deliveroo and what it says about European tech exits.EIF’s barometer survey: what’s top of mind for VCs and PE in Europe right now.[18:38] UK-EU Youth Mobility & Trade Talks:Mads outlines the potential for a youth mobility deal post-Brexit.Lomax emphasizes the enduring importance of EU-UK trade vs. US-UK hype.[20:55] Public Markets’ Role in VC:Dan kicks off a new segment: why public markets matter even if you're a private investor.Surprising stats on IPO sizes, US investor involvement, and cross-border exits.[29:17] Lightspeed’s RIA Move Explained:Lomax explains why Lightspeed and other big VCs are becoming RIAs.What it means for fund structures, founders, and the evolving investment landscape.[50:20] Secondaries Deep Dive:The group discusses the booming role of secondaries in venture.Liquidity, DPI, and how VCs are adapting to a world of longer-hold private assets.[59:37] AI Corner:Mads updates on Google’s new AI milestone overtaking Anthropic’s Claude 3.7.OpenAI’s nonprofit drama and its funding round headaches.[1:01:30] Deal of the Week:Spotlight on two European drone unicorns: TechEver (Portugal) and Quantum Systems (Germany).The rise of defence-tech in Europe and implications for global security.[1:06:10] Marrakesh & EU VC Meetups:Dragon Chasers VC retreat in Marrakesh—paragliding and power networking.EU VC crew gathering in London to strengthen European venture ties.If you're a founder, investor, or just passionate about startups and venture capital, Upside is your go-to source for deep dives into the trends shaping Europe’s tech scene.