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This week's happenings in startup and investing land. Getting underneath VC, and discussing how to better support the European startup eco-system. Every week we share what's been on our mind and get under the skin of VC, investing, startups and founder psychology. From the team behind SuperSeed who invest in technical teams solving difficult business problems. The network is run on LinkedIn so joi... more

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BusinessEntrepreneurship

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Artwork for Upside

Latest Episodes

Upside #62 w/ Dan and Mads from SuperSeed plus Ben from Bullhound Capital

Key Topics

• Fundraising climate in European for VC - friend or foe?

• Goldman Sachs’ Industry Ventures acquisition - getting into alternatives?!

• Nobel Prize in Economics: W... more

Voices: Nicholas Nelson (Archangel) • Dan • Lomax • Mads

TL;DR

• Defence-first wins on capability and returns; primes are partners and channels.

• Helsing: buys platforms/revenue for access; layers AI—different from Anduril’s buy-TRL-tech + scale m... more

🎧 Upside Ep #60 — “White Gold, Red Ink, and Reinventing VC”

Hosts: Dan · Lomax · Andrew

Recorded: Oct 2, 2025

01:00 – Quick News Highlights

• 🇺🇸 US Shutdown — $15B GDP loss per week; political theatre more than fiscal risk.

• 🇬🇧 Labour Party... more

Yes we're European VCs so YES we're talking AI and defence! But there's still more of the pie to eat, so dig in.

02:00 🇬🇧 UK in the doldrums

* Little to no growth (1.5% vs US 3.8%).

* Inflation stubborn at 3.8%.

* 130k jobs lost since last budget.... more

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Recent Guests

Nicholas Nelson
Founder of Archangel, a defense tech VC firm
Archangel
Episode: Upside #61 - Defence Special PLUS what IS the AI bubble really?
Joe Knowles
Venture Capitalist at Smedvig Ventures
Smedvig Ventures
Episode: Upside #53 - EU vs US Wealth Creation, Energy Breakthroughs, M&A Boom Means?
Jo Living
Founder of ACES High, using poker to teach business skills.
ACES High
Episode: Upside Special - Poker Power For Founders & Investors
Chris Elphick
New head of venture capital at the British Venture Capital Association (BVCA)
British Venture Capital Association
Episode: Upside #40 - Pension Cash *Will* Unlock UK VC - But when, how & so what?
Pete Ward
Co-founder of Humanity, focusing on human longevity through AI
Humanity
Episode: Upside #32 - Tech to kill, tech to heal.
Karin Nielsen
Founder, operator, and product expert
Episode: Upside #31 - The Grind is Back

Host

Dan Bowyer
Host of discussions focused on European startups, venture capital, and investment dynamics. Known for engaging conversations with industry experts with a focus on supporting the startup ecosystem.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Upside Ep #60 — Germany's White Gold, The UK's Red Ink, and Reinventing VC
Q: What are your thoughts on Germany's lithium find?
It could make Europe more self-sufficient in battery technology, but the regional challenges in extraction and permitting could hinder progress.
Upside #48 - Defence The Only Game In Town? Are We Peak LLM? WFH Killing Me Softly...
Q: Is there a moral line to be drawn in investing in defense?
Investing in defense might be seen as important for protecting citizens and maintaining a way of life, despite personal reservations about militarization.
Upside #38 - Turkish Tech, Tough Love & Trends for '25
Q: What do you think is the upcoming trend in 2025?
Dilek suggested a notable shift towards defense, cybersecurity, and AI companies.
Upside #38 - Turkish Tech, Tough Love & Trends for '25
Q: What has caught your eye in the news this week?
Dilek mentioned Murati's significant fundraising and advancements in AI.
Upside #39 - Lab Grown Meat Back On? Euro-Funds Swim In Cash & Why Anti-Trust Wins
Q: Will we see more investment now going into this layer of food tech?
Mads thinks we might be a bit early for substantial investment in food tech, waiting on further scaling solutions.

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Frequently Asked Questions About Upside

What is Upside about and what kind of topics does it cover?

Focusing on the current challenges and opportunities within the European startup ecosystem, the discussion revolves around venture capital, investment trends, and the psychological insights of founders. Episodes are rich in analysis, covering issues such as the effects of economic changes on startup funding, innovations in technology like artificial intelligence, and the role of government policies in fostering a competitive environment. The conversations often engage with notable figures in the tech and investment world, providing listeners with diverse perspectives on how to navigate and thrive in this dynamic landscape. Each episode aims to equip entrepreneurs and investors with the knowledge and tools necessary to support and revitalize... more

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Upside launched 4 years ago and published 63 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Upside?

Recent guests on Upside include:

1. Nicholas Nelson
2. Joe Knowles
3. Jo Living
4. Chris Elphick
5. Pete Ward
6. Karin Nielsen

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