Virtual Coffee Break with Dominique Vidal, former entrepreneur, managing director at Yahoo! Europe, partner at Index Ventures and angel investor.

I had the pleasure to interview Dominique Vidal. He is an engineer by background who graduated from France’s CentraleSupélec in 1988. He began his career at Schlumberger, where he worked for ten years in product marketing and business development roles in the telecom and smart card industries. After that, Vidal became a partner at Banexi … Continue reading Virtual Coffee Break with Dominique Vidal, former entrepreneur, managing director at Yahoo! Europe, partner at Index Ventures and angel investor.

Venture Capital in the “Holy Land” – An overview of VC in Israel

History Israel is home to one of the largest tech start-up ecosystems outside of Silicon Valley, making it an attractive region for VCs eager to find the next unicorn. After seeing the success of the VC ecosystem spinning up in the United States in the 90s, the government of Israel wanted to replicate that success … Continue reading Venture Capital in the “Holy Land” – An overview of VC in Israel

Italian Venture Capital at the time of the pandemic – the cases of Tannico and Beintoo

COVID-19 , halting economic activity on a global scale, also did not spare Italian Venture Capital. In the first half of 2020, as the pandemic spread throughout the Old Continent, VC investments in Italy fell to €240m (from €313m in H1 2019). Even though such an impact has been moderate if compared to the devastating … Continue reading Italian Venture Capital at the time of the pandemic – the cases of Tannico and Beintoo

Dimensions of Portfolio Diversification in PE

No period in history better demonstrates the need for portfolio diversification than the late 90s Tech Bubble and the March 2000 crash. In the public markets and at the height of the bubble, speculators were in such a frenzy to get a hold of technology stocks that any newly listed stock with the word “tech” or “.com” in their name could shoot up over 100% in one day. Many of these companies had yet to properly develop their products and their financial health was often very uncertain, yet they commanded prices at very high price to earnings multiples. In private markets there was also a strong appetite among VC firms to invest in the technology sector and bring the burgeoning amount of tech startups to public markets in IPO exits.

PE & VC Careers: Harvard MBA Indicator and Recent Developments

The Harvard MBA indicator was started and maintained by Roy Soifer, consultant and former HBS student. It represents a long-term stock market indicator that evaluates the percentage of Harvard Business School graduates that accept "market sensitive" jobs in fields such as investment banking, securities sales & trading, private equity and venture capital. If more than 30% of a year's graduating class take jobs in these areas, the Harvard MBA Indicator creates a sell signal for stocks. Conversely, if less than 10% of graduates take jobs in this sector, it represents a long-term buy signal for stocks. In addition, it is also useful to analyse the attractiveness of jobs in finance. Indeed, during the last decade, the indicator has been heavily skewed towards jobs in sectors such as Venture Capital and Private Equity and, in particular after the crisis, Harvard MBA alumni have even further shunned IB and IM.