In the 1990's TechFund was conceived by entrepreneurs who thought something was broken with the classical venture capital model. As the TechFund founders experienced the quest for funding in Silicon Valley and in European tech centers, it was clear that there were few venture guys who had ever really done a start-up themselves.
The VC's often seemed surprised to find out that entrepreneurs needed not only assistance in funding but some hands-on support in building a team, re-imagining a market, or leveraging an international network. It seemed like the venture guys were on one side, and the entrepreneurs on the other. We believed that this was an opportunity for re-imagining how a venture capital relationship could be built.
As a result we decided to create TechFund as a multi-stage fund that could start early, apply its talents on growing the start-up, and still have the ability to support it to a successful IPO or sale. We learned not only did today's entrepreneurs need experienced VC partners, but that they needed to be networked at the earliest possible time to international corporate partners. Indeed, start-ups needed to have a global understanding of the forces and the competition that would impact their business. TechFund's unique emphasis on leveraging the fund's international corporate investors helped its start-ups accelerate their global ambitions and understanding.
Today TechFund is a leading international venture team who is able to leverage its global track record and experience to build the NEXT generation of successful start-ups.