Tech.eu

Lucas Timberlake, general partner at Fintech Ventures Fund, the US VC that has a focus on fintech and insurtech, and Ricardo Schäfer,early-stage investor and partner at Revolut backer Target Global, discuss the differences between European VC and US VC funds while also offering insights into the European fintech market.Timberlake, though, says the most prominent difference is between US West Coast VCs and US East Coast VCs, which are more aligned to European VCs.Timberlake says, generally speaking, US West Coast VCs are looking for binary outcomes, while US East Coast and European VCs are more focused on revenue and loss aversion.Schäfer said it was difficult to generalise about the differences between US and European VC funds, given fund-to-fund differences.That said, he said European VC funds tend to be a little smaller in size.The pair also discuss the trend of US VCs, such as Sequoia and General Catalyst, opening London offices, Schäfer said: “When I first went to the US ten years ago, I remember talking