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I obtained my M.Sc. in Innovation Economics through a two-year full-degree program. Throughout the studies, I read numerous articles and papers, did 20+ courses, including economics of Innovation I to IV, and wrote two seminar papers. My supervisor was Uwe Cantner, a prominent figure in innovation economics and an advisor to the German Chancellor. I even attended summer boot camps focused on Innovation Economics and wrote a case study based on papers that analyzed innovation in startups through patent citations. However, regardless of how surprising it might sound, during these two years, I never heard the term 'Venture Capital' or 'VC', not even once.
Later, I launched my own startup, Stack, and at the beginning, I had no idea how VCs even functioned. Eventually, I raised a 3 million seed round from 11 investors and learned a lot. However, what I find quite shocking is that universities don't teach a single thing about VC firms and how they operate, at least in Europe.
I believe there are a couple of fundamental players that define the shape of the modern economy, and VCs certainly are one of them. All those big tech companies, whose products we use every day, were once startups that built their products with funds provided by VCs.
So, I aim to write an article about the importance of VCs in Global Economy. Let's see how it goes— I might even delve into a detailed analysis of top VC firms, their investment theses, and their most successful investment strategies.