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Ben’s List for Entrepreneurs W52 – Selected

Curiously enough, I now realize that there is a red thread among this week list of articles – with a few exceptions of course. It is all about understanding people.

How do venture capitalists build networks and platforms to get access to the best talent? With people.

How do you build better products? Listening to your users (people).

How do we avoid algorithm bias when coding intelligent machines? Keeping people in mind.

Doing a newsletter? Ask your readers.

What about podcast growth? Well, the human voice is so… human.

And how do you become a better person? Listening to yourself, better.

You see, it’s all about the people. Tech is still a people business.

We’re also checking some key trends in social media, venture investment and climate change (TL;DR: it’s bad).

So let’s dive in those 12 articles, 1 book and a special message for 2020.

Book

PYTHAGORAS’ TROUSERS | Kirkus Reviews

“The role of women in mathematics and physics through the ages, starting with the Pythagoreans. … the stories of the females who tackled physics, astronomy, and mathematics (and the men who encouraged them)”.

PYTHAGORAS’ TROUSERS | Kirkus Reviews
Are physicists a priesthood excluding women on age-old grounds that women can’t be “ordained″? So argues Wertheim, Australian- educated physicist/mathematician cum science writer. Taking the long view, she traces the role of women in mathematics and physics through the ages, starting with the Pyth…
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Venture Capital

7 Rejections

If at first you don’t succeed, try, try, again. Perhaps even more relevant today.

7 Rejections
On June 26, 2008, our friend Michael Seibel introduced us to 7 prominent investors in Silicon Valley. We were attempting to raise $150,000 at a $1.5M valuation. That means for $150,000 you could have…
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Paths into Venture Capital: Decoding the VC Platform role

A Platform role (or roles) vary by title but responsibilities typically fall into these six buckets:

  • Talent
  • Business Development
  • Content, Marketing & Communications
  • Community & Network
  • Operations
  • Events

Paths into Venture Capital: Decoding the VC Platform role
In this series, “Get a job in VC,” we’ll cover how to break into the venture capital industry, including the right way to approach the search, paths into investing and Platform roles, resources for…
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Building A Network In VC: Random Acts Of Kindness

One of the most important assets a venture capitalist can have is their network. A strong network can be the source of deal flow and intel about live rounds, a value-add to your portfolio companies, knowledge about market dynamics, and much more. As much as data science and technology is permeating the industry, nothing trumps the power of a strong network.

#15: Building a network in VC: random acts of kindness
Random acts of kindness go a long way.
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  • Link: socraticvc.com/posts/15-building-a-network-in-vc-random-acts-of-kindness
  • Author: Aksha Bajwa

The Capital Behind Venture: 2020 (Report)

Nice, consolidated report covering the European VC ecosystem. Post-Christmas day reading!

The Capital Behind Venture
The Capital Behind Venture Report provides insights from Limited Partners and family offices who are interested in investing in Europe’s most promising venture funds.
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Sustainability

The Environmental Impact of 2020: Nature is not healing

The Mona Loa Observatory reported a seasonal peak of 417.1 parts per million in May 2020, compared to 408 ppm in 2019. It is the highest monthly reading ever recorded, in millions of years.”

FUCK.

The Environmental Impact of 2020: Nature is not healing – Plan A Academy
This report investigates the environmental impact of 2020 during the covid19 pandemic. Nature is not healing. What is an environmental impact?

Politics

The coming war on the hidden algorithms that trap people in poverty

[Our Clients are] enmeshed in so many different algorithms that are barring them from basic services. And the clients may not be aware of that, because a lot of these systems are invisible.

The coming war on the hidden algorithms that trap people in poverty
A growing group of lawyers are uncovering, navigating, and fighting the automated systems that deny the poor housing, jobs, and basic services.
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Newsletter

Curiosity and consistency: thoughts on growing a newsletter

In the early days, all that matters is to build the habit and to be consistent so you can find your voice and define your value. Making mistakes is one of the best ways to grow. Try to only look up information on a “need-to-learn” basis.

Curiosity and consistency: thoughts on growing a newsletter

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Management

Read This Before Joining as Employee 1 to 20 at a Startup

When I say it’s a trial by fire for first employees, it’s also in a way you may not consider. The first person they fire will have an outsized impact on that team’s future.

Read This Before Joining as Employee 1 to 20 at a Startup
Stacy La made the leap from design at Yammer and Microsoft to Clover Health, when the bootstrapped startup was only four people. Now, the company’s raised over $425M, 500+ employees strong, and La leads an eight-person design team. Read on for her tactics on how to survive — and thrive — as an early…
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Product

The Founder’s Guide to Actually Understanding Users

  1. Generative user research
  2. eVALUEative user testing
  3. Usability testing
  4. Continuous discovery

The Founder’s Guide to Actually Understanding Users
When building any technology product, one of the most common pieces of advice is “talk to your users.” But the default way most of us talk to customers and prospects is unscientific and fraught with…
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Social Media

The Next Phase of Social? Listen Closely

Because when Andreessen Horowitz calls it, it’s usually worth a listen.

We anticipate that the audio innovation of the next decade will rival what we’ve seen in video apps over the past few years.

The Next Phase of Social? Listen Closely

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Pinterest Predicts 2021 (report)

THIS! All of this! Trust me.

Pinterest predicts 150+ emerging trends for the year ahead.
From athflow fashion to Japandi aesthetic, these top trends for 2021 are sourced straight from Pinterest’s future-facing data.
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Psychology

How To Think For Yourself

Paul Graham. Need I say more?

How to Think for Yourself

Fuck 2020

Oh behalf of the entire world, Canadian social impact agency Public Inc. absolutely nails it. I mean, when even the known-for-their-politeness Canadians are producing a message like this, well … yeah. Fuck 2020.

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Fundraising 8 hours ago

The European construction technology sector is experiencing a digital transformation wave, with artificial intelligence emerging as the key differentiator for next-generation planning solutions. As regulatory frameworks across the EU increasingly demand faster, more accurate project approvals, startups are capitalising on this market shift to build AI-powered alternatives to traditional manual processes. Freeda, a construction AI platform, has closed a €3.4 million funding round led by Frst to transform how construction plan reviews are conducted across European markets. The round positions the startup to scale its artificial intelligence capabilities whilst addressing the fragmented regulatory landscape that characterises European construction approval processes. The funding comes as European construction firms face mounting pressure to accelerate project timelines whilst maintaining compliance with increasingly complex building regulations. Freeda’s AI-driven approach promises to reduce plan review cycles from weeks to days, addressing a critical bottleneck that affects billions in construction projects across the continent. AI construction planning attracts strategic European investment Frst’s decision to lead this round reflects broader investor confidence in construction technology solutions tailored for European markets. The venture capital firm, known for backing B2B software companies addressing regulatory complexity, sees Freeda’s approach as particularly well-suited to the European construction landscape, where multiple jurisdictions and building codes create natural barriers to entry for non-European competitors. “Construction plan reviews represent a massive inefficiency in European building processes,” noted a spokesperson from Frst. “Freeda’s AI platform addresses this by understanding the nuances of different European regulatory frameworks whilst maintaining the precision required for compliance.” The round’s composition highlights the growing interest from European VCs in vertical AI applications. Unlike broad horizontal AI plays, Freeda’s focus on construction-specific workflows allows for deeper integration with existing European construction management systems and regulatory databases. This strategic positioning differentiates Freeda from US-based construction tech solutions, which often struggle to adapt to the fragmented regulatory environment across EU member states. The startup’s European-first approach enables faster implementation across multiple jurisdictions simultaneously. European construction market presents unique AI opportunities Freeda’s product addresses specific challenges within European construction workflows, where manual plan reviews create significant project delays. The platform’s AI algorithms are trained on European building codes and regulatory requirements, enabling automatic compliance checking across multiple jurisdictions. The startup plans to deploy the funding primarily for product development and market expansion across key European construction markets, including Germany, France, and the Netherlands. This geographic focus aligns with EU digital transformation initiatives supporting construction industry modernisation. Current market conditions favour Freeda’s growth trajectory. European construction projects worth over €1.3 trillion annually face delays due to manual approval processes, creating substantial demand for AI-powered alternatives. The startup’s early traction demonstrates market readiness for automated plan review solutions. “We’re solving a problem that costs the European construction industry billions annually in delays and inefficiencies,” explained Freeda’s leadership team. “Our AI platform reduces review times whilst improving accuracy, delivering value that resonates immediately with construction professionals.” The company’s approach leverages machine learning to identify potential compliance issues early in the design process, preventing costly revisions during later project phases. This proactive methodology appeals particularly to large European construction firms managing multiple concurrent projects across different regulatory environments. Freeda’s €3.4 million raise signals growing investor appetite for AI applications addressing sector-specific inefficiencies within European markets. As construction digitalisation accelerates, startups combining deep regulatory knowledge with advanced AI capabilities are positioning themselves as essential infrastructure for the industry’s future.

Fundraising 14 hours ago

With artificial intelligence reshaping education across Europe, a concerning trend has emerged: 73% of students struggle with fundamental writing skills. This alarming statistic underscores a growing disconnect between digital-native learners and traditional writing instruction methods. Against this backdrop, Oslo-based edtech startup WeWillWrite has secured €2 million in funding to revolutionise how students engage with writing. The investment round was led by Skyfall Ventures, a Nordic-focused venture capital firm known for backing transformative education technology companies. This funding represents a significant vote of confidence in WeWillWrite’s mission to make writing engaging and accessible for the digital generation. Nordic EdTech Investment Reflects Growing Market Opportunity Skyfall Ventures’ investment in WeWillWrite aligns with the fund’s thesis of backing companies that address fundamental educational challenges through innovative technology. The Nordic region has become a hotbed for edtech innovation, with governments actively promoting digital learning initiatives and substantial public investment in educational infrastructure. “We’re seeing a critical gap in how students connect with writing in the digital age,” explains the lead investor from Skyfall Ventures. “WeWillWrite’s approach of gamifying the writing process while maintaining academic rigour addresses this challenge head-on. Their traction in Norwegian schools demonstrates the scalability potential across European markets.” The investment comes at a time when European educational institutions are grappling with post-pandemic learning gaps. Research indicates that remote learning periods disproportionately affected writing skills development, creating an urgent need for innovative solutions that can engage students both in classroom and digital environments. Platform Addresses Critical Skills Gap Across European Education WeWillWrite’s platform transforms traditional writing instruction through interactive storytelling and gamified exercises designed specifically for digital-native learners. The Norwegian startup has developed a comprehensive solution that adapts to individual learning styles while maintaining the structured approach educators require. Founded in 2022, the company has already gained traction in the Norwegian education market, partnering with over 50 schools across the country. Their platform integrates seamlessly with existing learning management systems, a crucial factor for European institutions managing complex regulatory requirements around student data protection under GDPR. “Traditional writing instruction hasn’t evolved to meet students where they are today,” notes WeWillWrite’s CEO. “Our platform bridges this gap by making writing as engaging as the games and apps students interact with daily, while ensuring they develop the critical thinking and communication skills essential for their future success.” The €2 million funding will accelerate WeWillWrite’s expansion across Nordic markets, with plans to enter Denmark and Sweden by early 2025. The company also aims to develop multilingual capabilities, recognising the diverse linguistic landscape of European education markets. This investment signals growing investor confidence in European edtech solutions that address fundamental skills gaps rather than merely digitising existing processes. As educational institutions continue adapting to hybrid learning models, platforms like WeWillWrite that combine engagement with academic rigour are positioning themselves as essential tools for the next generation of learners.

Fundraising 16 hours ago

As Europe’s battery gigafactory construction accelerates amid stringent compliance demands, the challenge of capturing and reusing critical metals has become paramount. Swedish cleantech startup DREV has secured €2.8 million in seed funding to address this precise challenge, developing technology that recovers valuable metals from industrial black dust waste. The round was led by Butterfly Ventures alongside Almi Invest GreenTech, positioning DREV to capitalise on Europe’s push for sustainable battery production. With the EU’s Critical Raw Materials Act demanding greater resource efficiency, DREV’s timing reflects broader European policy tailwinds. Seed funding advances metal recovery technology Butterfly Ventures’ investment thesis centres on circular economy solutions that address resource scarcity. “DREV’s approach to metal recovery from industrial waste aligns perfectly with Europe’s strategic autonomy goals,” explains a portfolio partner at Butterfly Ventures. “Their technology transforms what was previously waste into valuable raw materials, reducing dependency on primary mining.” Almi Invest GreenTech’s participation signals strong Nordic backing for the venture. The Swedish government fund has increasingly focused on cleantech innovations that support the country’s ambitious climate targets. This investor combination provides DREV with both venture expertise and public sector validation. The €2.8 million will primarily fund technology development and pilot programmes with European battery manufacturers. DREV plans to establish processing facilities near major gigafactory sites across Sweden, Poland, and Hungary. Addressing Europe’s critical metals challenge DREV’s proprietary technology extracts lithium, cobalt, and nickel from black dust generated during battery production processes. Traditional disposal methods often see these materials incinerated or sent to landfill, representing significant economic and environmental waste. “European gigafactories produce substantial quantities of metal-rich dust that current recycling infrastructure cannot handle efficiently,” notes DREV’s CEO. “Our process recovers up to 95% of critical metals, creating a closed-loop system that reduces both waste and import dependencies.” The Swedish company faces competition from established recycling giants like Northvolt and newer entrants such as Finland’s Fortum. However, DREV’s focus specifically on dust recovery creates a distinct market niche. Recent analysis suggests the European battery recycling market could reach €7.8 billion by 2030. DREV plans to deploy its technology across five pilot sites by 2026, targeting partnerships with major European battery manufacturers including LG Energy Solution’s Polish operations and Sweden’s Northvolt facilities. This funding round demonstrates venture capital’s growing appetite for cleantech solutions that address specific regulatory challenges. As European gigafactory construction intensifies, metal recovery technologies like DREV’s may become essential infrastructure rather than optional add-ons.

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