Know-how for founders & investors
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FOR STARTUPS
Venionaire Capital exclusively invests through the European Super Angels Club, for more information and application please go to the website. We do not accept direct investment proposals via this website.

Early-Stage Startup Valuation – Part 2: The Berkus Method
/in Know-how for Founders, Know-how for Investors, Market Pulse /by Berthold Baurek-KarlicFollowing the first introduction to the pre-revenue startup valuation, in this article we review the other well-known model for pre-revenue startups: the ‘Berkus Method’, named after its inventor, Dave Berkus, a well-known Californian angel investor.
The True Cost of Startup Fundraising
/in Know-how for Founders, Market Pulse, News /by Berthold Baurek-KarlicStartup founders and business angels often see external advisors as an unnecessary cost they are not willing to bear. In only very few cases we have seen business angels having a strong enough network, willingness to invest time and resources and skills to support all their startups in multiple rounds. Sometimes this means that they had to raise for five companies at the same time and provide one bridge round after the other themselves. Is that efficient?
Pre-Revenue Startup Valuation – The Payne Scorecard Method
/in Know-how for Founders, Know-how for Investors, Market Pulse /by Berthold Baurek-KarlicPre-Seed companies sometimes do not even have a minimal viable product yet, their business case is an idea and likely to be changed quite frequently during the first 18 to 24 months until a first product market fit is tested. Numbers and financial plans are worth nothing at this stage. Yet, there are valuation models Business Angels use to evaluate such early-stage startups. The most prominent method one is the “Scorecard” method. Developed by Bill Payne, this top-down approach compares a startup to other typical startups at the same stage (investors benchmark the “standard” value of a pre-seed or early seed company in this case), within a geographic region and startup-sector (regtech, digital health, fintech, SaaS, etc.).
Startup Valuation During Crisis (COVID-19)
/in Know-how for Founders, Market Pulse, News /by Berthold Baurek-KarlicCompany valuations – especially startup valuations – remain an art based on experience. We expect to see cuts of over 50% and tougher terms. Higher liquidation-preferences (multiples 2 to 3x) will be the new normal. The numbers about in this article reflect the current market view, based on feedback our valuation and transaction specialists gathered through interviews last week.
100 QUESTIONS FOR CEOS TO MASTER COVID-19 CRISIS
/in Know-how for Founders, Market Pulse, News /by Anna WeissmannWe have collected 100 thoughts, resources and questions from CEOs, in four core fields of attention, for you. Reflect for yourself and see, if there is a better chance to adapt your business. Try to consider this crisis as a unique opportunity to revisit and redefine processes and ways of doing business. And, if there are synergies to leverage together we are eager to hear from you!
7 Hacks to Master Remote Working
/in Know-how for Founders, Market Pulse, News /by Berthold Baurek-KarlicFor most people, remote work is still a relative novelty. Even though laptops, cloud solutions and video calls are often supplementary to traditional office work, things become substantially more difficult once the entire team goes remote. It feels a little odd and you have to adapt and find ways to keep up your company culture – which can be tricky. We have summarized our personal, as well as learnings and insights of our startups for you in this article and hope sharing these will help you to work more efficiently from home in the coming weeks and maybe even beyond.
How does the venture capital method value a business?
/in Know-how for Founders, Know-how for Investors, Market Pulse /by Anna WeissmannThe Venture Capital Method is often used for valuing early-stage companies. We show you how it is done.
Multi-million investment for kompany
/in Corporate News, News /by Anna WeissmannVenionaire Capital has advised alongside lawyers from Brandl & Talos and EY Law on the latest financial round of kompany, the world’s largest global corporate register network and Business KYC provider. Members of European Super Angels Club co-invested in two tranches through the syndication fund “EXF Alpha” managed by Venionaire Ventures based in Luxemburg alongside Raiffeisen Bank International’s Elevator Ventures and UNIQA Ventures.
10-Step-Fundraising Guide – How to find the right investor?
/in Know-how for Founders, Market Pulse /by Berthold Baurek-KarlicFundraising is as much an art as it is hard work! We show you how it is done.
5 Hacks for Successful Fundraising
/in Know-how for Founders, Market Pulse /by Anna WeissmannWe will share 5 easy hacks to boost your fundraising efforts and recommend following them by heart! Life and death of a venture depends on liquidity and this usually implies multiple rounds of investments.
Supporting young minds
/in News /by Anna WeissmannWe support “The Racing Scots”, the ski racing team of students of the Schottengymnasium Wien.
2018: Switzerland’s year of Venture Capital
/in Know-how for Investors, Market Pulse /by Anna WeissmannTheoretically, every Swiss invests USD 147.6 in startups, while every Brit invests USD 39,4 and every German only USD 27.7. It is quite impressive how big the small country is in business.
Critical Success Factors (CSF) for Accelerators
/in Corporate Startup Engagement, Market Pulse /by Berthold Baurek-KarlicWhy funding after an accelerator program tells us more than anything?
Discount for Blockchain Summit Austria
/in Crypto, Insights, News /by Anna WeissmannUse the promotion code “friendsofbsa” and get 15% on the tickets for the Blockchain Summit Austria.
Don’t miss your Christmas Discount for 0100 Conferences
/in News /by Anna WeissmannSanta Claus has already come to Venionaire and has left us great discounts for the best events next year. We are pleased to announce that next 14th of March we will once again be partners with 0100 Conferences. The event will take place in Vienna and will bring together more than 300 leading fund and […]