Good morning, and happy Tuesday!
Today we’re looking at Q3 venture data coming out of Europe. Overall, European venture capital data is down sharply. But as my colleagues Anna Heim and Alex Wilhelm write, European venture is “down, but not out.”
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There’s a lot to like in the numbers, including the fact that the value of European deals grew 5.9% from Q2 2023 to Q3. Unfortunately, the same can’t be said for later-stage deals.
Thanks for reading!
Karyne
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Image Credits: Scott Olson / Staff / Getty Images
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Image Credits: enot-poloskun / Getty Images
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Federal hydrogen hub program could give fuel a boost — or the boot
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One of the biggest failures of the clean tech bubble was biofuels, like corn ethanol, which ended up being as bad for the environment as burning gas. Now the feds are turning to hydrogen hubs as its next solution for the climate problem. But climate reporter Tim De Chant warns that the program runs the risk of repeating the same mistakes as biofuels: “It prioritizes political points over practical progress.”
Want to invest in startups? Here are 4 ways to get started as a solo GP
Image Credits: Swillklitch / Getty Images
Foundersuite CEO Nathan Beckord pulled together some nuggets from his conversations with Zach Coelius, the managing partner of Coelius Capital. Coelius’ connections and relationships helped him become a solo GP, and he focuses on how he used that network to leverage favors that could get his foot in the right doors.
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