20VC: Why Price Sensitivity is BS | Why "Portfolios" are Merely a Construct to Make LPs Happy | Why the Best Investment Never Happen in "Fundraising Rounds" | What Europe Needs to do to Become a Superpower Again | Klaus Hommels, Lakestar
In this podcast, Klaus Hommels, a leading European venture capitalist, shares his insights on investment strategies. He focuses on finding exceptional companies and visionary founders rather than spreading investments across a wide range of assets. Hommels highlights the critical need to understand risk and to strategically capitalize on successes, pointing out that European innovation is currently underfunded compared to past decades. The conversation also delves into the changing landscape of defense technology, emphasizing the necessity for increased defense spending in Europe and the potential for venture capitalists in this area. Additionally, Hommels shares personal stories from his career, reflecting on both his early successes and setbacks, while offering a glimpse into his investment philosophy and family life.