With so many startups vying for investment, it can feel like something of a lottery as to which founding teams secure funding.
It’s a little bit about the product and strategy, it’s a lot about networking and who you know, but, beyond that, are there particular traits that make a founding team more likely to succeed at fundraising?
Apparently, yes, according to new research from NGP Capital, a VC firm that has backed the likes of Babbel, GetYourGuide and Deliveroo.
In a new report, called A Decade of European Startup Founders, the group analysed the characteristics of the founders of 17,836 tech startups founded in Europe since 2014 to what traits the most successful had in common.
The report measured success as how much the founding teams have raised against a baseline of $20.5m (£16.2m). ...