This VC spends a third of their budget building software
“We don't really care what the market is doing or what others are thinking.”
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and then we invest in our own conviction. We don't really care what the market is doing or what others are thinking. The second one is data driven. So we obsess over data. We ingest huge datasets. We use it at the core of everything, every decision that we make. And the third and probably the most unique aspect of us is that we build software. So we build software in house. Actually, a third of our budget as a fund is allocated towards product building, which is I think unheard of in Europe. And, we build software for two uses. One is for our own self to be faster, better, smarter. How do we diligence companies? How do we ingest datasets? How do we automate workflows? All these sorts of things. And then we have a second set of products, which is for our founders and for the ecosystem. So if you land on our website, you can see some of the products that we have, which are focused on helping founders
About this clip
Joseph Pizzolato explains Defiant VC's three unique principles: investing based on conviction regardless of market trends, being obsessively data-driven with massive datasets, and dedicating a third of their fund budget to building proprietary software. He details how they create tools both for internal operations like due diligence automation and for supporting their portfolio founders.
Why this clip
This reveals an unconventional VC approach where building software gets equal priority to investing, which is highly unusual in European venture capital.
What they said next
Most AI startups are just conversational SaaS in disguise
22:58 - 28s · contrarian take
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