David Cruz e Silva

Capital that waits for certainty usually arrives too late.

312x returns are not a strategy. Portfolio construction is. We went deep on this with Marc Penkala. Full session inside EUVC Academy. buff.ly/dD8ut9f

And most important: You can destroy more value than you create. So stay out of the way.

FOMO is expensive. By the time it’s obvious, it’s priced.

Did an AMA with ~50 students on VC this week. A few things I wish people understood earlier: VC isn’t about being right often. It’s about not missing the few that matter.

Risk taken deliberately is different from risk deferred indefinitely.

EUVC's open rate is in the top 1% of all beehiiv newsletters! 📧 In a world of infinite distribution, attention is the constraint. European tech is no different. Most content gets seen. Very little gets read. via @beehiiv

Financial safety and economic dynamism are not the same thing.

Everything gets easier with pipeline. You stop pushing deals. You stop rushing customers. You make better decisions. Most teams don’t have a sales problem. They have a pipeline problem.

Credibility used to be centralized. Now it’s fragmented. No single outlet. No “one big hit”. Just repetition, coherence and presence. Comms isn’t PR anymore. It’s infrastructure.

My newsletter's open rate is in the top 5% of all beehiiv newsletters! 📧 via @beehiiv

EUVC grew by 2.53 K subscribers today on @beehiiv. Subscribe below 👇🏽 eu.vc/subscribe

Europe optimises for protection before it optimises for renewal.

When risk is structurally discouraged, caution becomes systemic.

Capital flows follow defaults, not intentions.

The question is not whether risk exists, but who is allowed to carry it.

Long-term growth cannot be financed with short-term comfort.

Capital systems reveal priorities more clearly than strategy documents.

Productive risk requires structure, not bravado.