In this interview with David Clark, Chief Investment Officer at VenCap International, we challenge one of the most entrenched assumptions in venture capital: that fund size is a reliable measure of success.
From emerging managers and public capital to the power law and what’s really ahead for VC, this conversation reframes how institutional investors should think about long-term performance in the asset class.
Rather than fixating on whether a fund is small, medium, or large, David explains why LPs should instead focus on the alignment between fund size, ownership strategy, and the potential to generate fund-returning outcomes. He also weighs in on the generalist vs. specialist debate, arguing that what truly matters is a manager’s consistent ability to back top 1% companies—regardless of thematic focus.
As the industry adjusts to a tougher fundraising environment and increasing market bifurcation, David offers a powerful reminder: venture capital is a 15-year game. Long-term success depends on resilience, discipline, and selecting managers with a clear edge in navigating the power-law dynamics of early-stage investing.
Ahead of her appearance at 0100 DACH in February, Daisy Cai, General Partner at B Capital, reflects on deep tech beyond the label—and where frontier innovation becomes enduring value.
AI is no longer a fringe technology—it is rapidly reshaping entire industries, from climate and energy to industrial operations and enterprise software. Yet as competition intensifies and barriers to entry fall, the question facing venture investors is no longer whether to invest in AI, but how to identify companies capable of generating durable, long-term value. In this interview, Jeremy Brown, Principal & Head of Climate at Anthemis, shares his perspective on evaluating AI businesses beyond the hype, drawing on his experience at the intersection of AI, climate, and complex industrial markets, and setting the stage for a broader discussion with fellow investors on where real opportunity—and real risk—now lies in AI venture capita
he third edition of 0100 International — organized by Zero One Hundred Conferences in partnership with the Milan City Council’s Department of Economic Development and Milano&Partners — brought together the global private markets community for a high-signal, execution-focused gathering held from October 27–29.
