The Eternal Search for Investment Returns

European Straits #136

Dear all,

I’m launching a long-term effort on allocation strategies with the goal of strengthening the case for investing in European tech startups. This is only the first round, and you can expect many more issues and publications around this subject in the coming year.

Now, I must start by mentioning that I have no deep background in either finance or macroeconomics (although I learned about both in , remember?). But I have been interested in allocation strategies for quite some time. Back in 2015, I was posing the question of “Why won’t investors allocate more capital to technology companies?”, a question to which you can find tentative answers here and there. Then my cofounder Alice Zagury, CEO of The Family, was approached by the French government for a mission reflecting on how to attract a larger proportion of the French public’s savings into French tech startups, leading us to do quite around this issue.

Ever since I’ve been reading a lot, talking with many professionals in finan…