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Alexander Samwer and Picus Capital: From Clone Factory to Disciplined Venture Capital
Alexander Samwer's Picus Capital is the cleanest Samwer second act — a Munich early-stage VC with institutional LPs, Carlyle AlpInvest preferred equity, and a conviction-led strategy.
Jörn Menninger
13 hours ago8 min read


Rocket Internet and Oliver Samwer: The Clone Factory That Became Europe's Founder Pipeline
Rocket Internet is remembered as a clone factory. The more useful reading: it was Europe's most productive founder-and-capital pipeline — and the 2020 delisting is not the end of the story.
Jörn Menninger
2 days ago12 min read


Rocket Internet and Oliver Samwer: The Clone Factory That Became Europe's Founder Pipeline
Rocket Internet is remembered as a clone factory. The more useful reading: it was Europe's most productive founder-and-capital pipeline — and the 2020 delisting is not the end of the story.
Jörn Menninger
2 days ago12 min read


E 767 — Unicorn Atlas #1: Helsing — Europe's $18 Billion Defence AI Bet
Helsing closed $1.8bn Series E at $18bn on July 13, 2026, led by Dragoneer and Lightspeed. Real product, real war, wartime valuation. First entry in the Unicorn Atlas.
Jörn Menninger
3 days ago23 min read


Network Effects in DACH Startup Ecosystems: Who Connects to Whom
DACH startup ecosystems are not leaderless networks. They're organized around key connector nodes — people, organizations, and institutions that bridge different parts of the ecosystem and facilitate information flow, introductions, and partnerships. Understanding these connector roles and building relationships with key connectors is fundamental to market entry success. A company that maps the connector landscape and builds relationships with 5-10 key connectors generates de
Jörn Menninger
Jun 226 min read


The Hybrid Founder: When Founding in Germany Means Keeping the Day Job
KfW's 2026 edition: 40% of 2025 German founders kept the day job. The "hybrid founder" finding reframes who the word "founder" actually refers to in Germany.
Jörn Menninger
Jun 115 min read


Germany's Under-30 Founding Wave: Real Signal or Statistical Mirage?
KfW 2026's most hopeful finding: 40% of founders are under 30. But 22% are still in Studium. The series finale asks if this is a generational shift or stage-of-life artefact.
Jörn Menninger
Jun 45 min read


Three Years of KfW Gründungsmonitor: Germany's Founding-Quality Problem Is Now a Pattern
Three editions, three years, one pattern: Vollerwerb flat at 206k, takeover share stuck at 17%, own-equity financing peaks at 74%. KfW's longitudinal diagnosis.
Jörn Menninger
May 287 min read


Germany's 690,000 New Founders Are Mostly Side-Hustlers — What the KfW Gründungsmonitor 2026 Actually Says
KfW's 2026 report shows 690,000 German founders in 2025 — but Vollerwerb stayed flat at 206,000. Germany has more side-hustlers, not more startups.
Jörn Menninger
May 216 min read


Clark Reportedly Loses Unicorn Status: What Allianz's Markdown Says About Europe's Insurtech Reset
Manager Magazin reports Clark has been marked from €1bn to €613m. What the Allianz markdown says about Europe's unicorn reset — with Startuprad.io archive.
Jörn Menninger
May 217 min read


Capital Strategies: How DACH Money Moves
This sub-pillar maps the structural decisions beneath DACH funding rounds. It sits inside Capital & Power in Startups: https://www.startuprad.io/post/capital-power-in-startups-how-dach-money-founders-and-networks-shape-the-ecosystem What this sub-pillar covers Capital architecture beneath the headline funding rounds: family-office anchoring, sovereign and state-backed instruments, cross-border allocation, exit-stage planning, milestone design, and the structural moves that pr
Jörn Menninger
Apr 251 min read


Investors: Capital Behind DACH Tech
This sub-pillar maps the investor side of DACH capital. It sits inside Capital & Power in Startups: https://www.startuprad.io/post/capital-power-in-startups-how-dach-money-founders-and-networks-shape-the-ecosystem What this sub-pillar covers Family offices, institutional VCs, sovereign and state-backed instruments, growth funds, cross-border allocators, and the operator-investors whose presence on a cap table predicts outcomes. Coverage prioritizes the structural decisions in
Jörn Menninger
Apr 251 min read


Jörn "Joe" Menninger
Joe Menninger is the founder of Startuprad.io, a leading European startup media platform. With 1,700+ interviews, he connects founders, investors, and policymakers across Europe.
Jörn Menninger
Apr 174 min read


AI Agents and the End of Seat-Based SaaS
Ventech partner Stephan Wirries explains how AI agents reprice SaaS, shift software value to outcomes, and open a narrow European industrial AI window.
Jörn Menninger
Mar 2020 min read


EU Innovation Fund 2026: What the Court of Auditors Audit Means for European Deep Tech - €40 Billion Cleantech Fund Has Paid Out Less Than 1%
The EU's €40 billion Innovation Fund has deployed less than 1% of its budget after five years. A Startuprad.io analysis of what the European Court of Auditors' 2026 audit reveals for DACH deep tech founders, VCs, and cleantech investors — and what comes next with the €451B European Competitiveness Fund.
Jörn Menninger
Mar 199 min read


How to Reach Startup Decision-Makers in DACH Without Wasting Budget
How to reach founders, investors and enterprise decision-makers in Germany, Austria and Switzerland without wasting budget. A structural guide to trust-based market entry in the DACH startup ecosystem.
Jörn Menninger
Mar 156 min read


From Jimdo Founder to Green Tech VC — Winner of German Startup Awards 2023: Investor of the Year
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024. What Is This About? Fridtjof Detzner, co-founder of website builder Jimdo, transitioned from building a tech company to investing in green technology as a VC. Named Investor of the Year at the German Startup Awards 2023, he now backs climate-focused startups across the DACH region. This article is part of
Jörn Menninger
Mar 1526 min read


Strategic Pivoting: Insider Tips for Making Business Decisions and Thriving in The Startup World — Founder Interview
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024. What Is This About? Strategic pivoting is the art of changing direction without losing momentum. This founder interview explores how startup leaders make high-stakes business decisions — when to pivot, how to evaluate new opportunities, and what separates successful redirections from costly mistakes in th
Jörn Menninger
Mar 1512 min read


Navigating the Insurtech Landscape: Thinksurance’s Rise in the Digital Insurance Era — Founder Interview
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024. What Is This About? Thinksurance built a digital platform transforming how commercial insurance is brokered in Germany. This founder interview traces the Frankfurt-based insurtech's rise from startup to a key player in the DACH digital insurance market, combining AI-driven risk assessment with traditional
Jörn Menninger
Mar 1529 min read


Exploring Purpose Bound Money: Innovative Use Cases for Central Bank Digital Currencies in Fintech — Founder Interview
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024. What Is This About? Central Bank Digital Currencies could reshape fintech by enabling programmable, purpose-bound money — funds that can only be spent on specific goods or services. Guest Kimmo explores the innovative use cases for CBDCs and what they mean for European fintech startups and financial infra
Jörn Menninger
Mar 1533 min read
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