Chris Tottman was part of the founding team at MessageLabs, a cybersecurity startup offering email scanning for viruses and spam which grew from £0-£150m in ARR in 7 years, being acquired by Symantec for $695m.

The day after the acquisition announcement, the founding team formed Notion Capital where Chris is a Founding Partner. Notion is one of the first true operator led VC firms in Europe with €1.2bn AUM having backed the likes of GoCardless, Paddle, CurrencyCloud, Mews and more.

Brought to you by TAV, Chris joins Jack and Rich to discuss his journey, the GTM motions of MessageLabs, implementing a good culture when hyperscaling, what makes a good investor, board experience and so much more.

Markus Fuhrmann is a serial entrepreneur founding Delivery Hero, the global food delivery platform that's transformed how people order and receive meals. DeliveryHero is a company with a $6bn market cap today, operating in over 50 countries and partnering with hundreds of thousands of restaurants worldwide.

Beyond Delivery Hero, Markus is also a founding partner at Cavalry and Bitkraft Ventures, early stage venture firms focusing on enterprise and gaming respectively.

He’s also now the founder of Gropyus, a proposition that streamlines housing construction.

Brought to you by TAV, Markus joins Jack and Rich to discuss his journey, the buy and build model, quick commerce today and making the switch from operator to investor, and then back again.

Dan Chaplin is a Partner at Dawn Capital.

Dawn Capital is one of Europe’s leading specialist B2B software investors, announcing a $700m fund in September 2023 to invest in the next generation of global software leaders.

Dan leads on all things fintech with a particular interest in payments, credit, digital assets and infrastructure platforms and has subsequently led on investments including open banking leader Tink, digital assets infrastructure platform Copper, as well as Cover Genius, Elwood, Billie, Access Fintech and OpenGamma.

This episode really drills into fintech where we discuss:

• Whether it's becoming more of a value sector
• Whether Dan prefers products that have broad market appeal at low margins, vs those narrower market appeal and much higher margins
• Profitability expectations
• Unit economics across a company’s lifecycle
• Fragmentation across the US and Europe
• Regulation
• Board learnings