Alexander Langguth @ Climate Insiders on raising a Climate Tech Evergreen fund

SOURCE: Climate Insiders

May 18, 2021

Alexander Langguth is the Co-Founder and Managing Partner at Übermorgen Ventures, an early stage Zurich-based venture firm with early investments in climate innovators like Sunvigo, carbo culture and delicious data.

Alex has always shown a high level of transparency and collaboration with other Climate Tech investors. In this episode, I take you behind closed doors and give you maximum insights.

  1. We discuss Ubermorgen's evergreen fund model and why it actually helps to raise 1st-time funds.

  2. We hear Alex share how difficult it was to raise a first fund and how they run investment decisions

  3. And Alex and I rip on contrarian views, on what most people get wrong about being a fund manager and advice for job seekers and entrepreneurs

Listen and Learn

  • The reasons why Ubermorgen picked an evergreen fund model

  • The difficulty to sell this new model to LPs initially

  • Alex’s expected ratio of institutional funds, evergreen funds, solo GPs in Europe in 10 years

  • Alex most painful moment raising their 1st fund

  • Whether LPs cared more about impact of financial returns

  • Why having contrarian views and avoiding confirmation bias is so important in VC

  • The area where Alex has completely changed his views over the last 2 years

  • What most people have wrong about being a fund manager

  • How Übermorgen handles investment decisions internally and votes on deals (with 1 to 10 scoring)

  • The best advice to share with entrepreneurs on HOW to engage with VCs to maximize success of their fundraising

  • How to land your first job in Climate Tech

Show Links

Carveouts

  • Climate Fiction book recommendation: The Ministry for the Future by Kim Stanley Robinson. A fantastic Climate Fiction which gives a lot of clues as to what geoengineering solutions might be most helpful and they will play out. It’s like reading into the future of Climate.

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Übermorgen invests in Fermify to support their mission to produce real cow-free cheese