Who gives a damn about TAM?!
- Posted by alpina_admin
- On 6th December 2021
- 0 Comments
- enterprise software, SaaS, venture capital
Jan Andriessen & Mick Mackaay are Partners at HenQ – a Dutch-based VC investing in European B2B software startups addressing “unexplored problems” & “defining their own markets”.
They’ve an exceptional track record backing unproven leadership teams who’ve subsequently scaled massively e.g. SendCloud – who now have 400 employees, 23,000 ecommerce clients & in September 2021 raised a follow-on round of $177m!
We explored HenQ’s refreshing approach to VC investing. For example, HenQ:
- are dismissive of the metrics that VCs & startups typically obsess over – who gives a damn about TAM?!
- are a fully remote VC firm – deal-sourcing is almost entirely outbound and digital
- use advanced algorithms to identify very early stage businesses to invest in
- typically invest in younger founders who lack a proven track record yet demonstrate the personal traits – e.g. obsessiveness & attention to detail – HenQ believe determine startup success
- are dismissive of the excessive emphasis VCs traditionally place on charm & charisma
- aim to ensure every one of their portfolio companies will be successful – this contrasts sharply with the traditional VC model that assumes 1 in 10 portfolio companies will generate huge returns hence the fate of the other 9 matters less
For more insights into HenQ and their stable of successful B2B Saas scale-ups check out https://henq.vc/
0 Comments