At the age of 27, Andre de Haes raised 30 million euros ($36 million) for his London-based venture capital fund, Backed VC.
Now 30, he and his 29-year-old business partner Alex Brunicki are among a cohort of young investors that are having a greater say in how the billions that have flowed into European venture capital in recent years are spent.
But while younger investors argue that youth gives them a better understanding of what startups might resonate with their age-group, some founders, who recount frustrating meetings with inexperienced venture capitalists, fear an over-reliance on millennial investors’ intuition at the expense of know-how.
