S2E6: Ertan Can, Founder @ Multiple Capital

In this episode, Jack Richardson and Ertan Can delve into the world of Fund of Funds and Micro VCs in Europe. They discuss the benefits, qualities of investable managers, and structuring pre-seed funds. The conversation covers follow-on strategies, re-upping criteria, and compares emerging and established GPs and LPs. They explore the future of micro funds, regulatory impacts, and LP asset class diversification. The role of late-stage funds in early-stage investment and larger funds as LPs in seed funds are also examined. Ertan shares advice for first-time managers and his vision for the venture capital industry's future.

(0:00) Introduction and Guest Ertan Can

(2:05) Fund of Funds and Micro VCs in Europe

(4:39) Advantages of Micro Funds and Investable Managers

(8:31) Pre-Seed Fund Structuring and Follow-On Strategy

(11:22) Criteria for Re-upping on Funds with Multiple Capital

(13:32) Comparing Emerging and Established GPs and LPs

(15:49) Challenges and Failures in Micro Funds

(19:07) Future of Micro Funds and Regulatory Impacts

(25:41) LP Asset Classes and the Importance of Diversification

(28:49) Late-Stage Funds' Role in Early-Stage Investment

(31:51) Larger Funds as LPs in Seed Funds and Evolving Challenges

(33:35) Advice for First-Time Emerging Managers

(36:50) Vision for Venture Capital Industry Evolution

(38:44) Closing Remarks