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UKTN | The Podcast

The UK doesn’t have to be Silicon Valley – Elena Pantazi, partner, Northzone

UKTN | The Podcast

UKTN

Technology, Entrepreneur, Tech, Business, Hr, Sales, Uktech, Investing, Funding, Entrepreneurship, Marketing

56 Ratings

🗓️ 23 June 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Elena Pantazi, a partner at Northzone, discusses the challenges founders have managing startups in a fluctuating industry, why the UK might not need to compare itself to Silicon Valley and how VCs can unfortunately treat male founders very differently to women. 

  

Northzone is a multi-stage venture capital fund based in London. It has backed some of Europe’s largest tech companies, including Spotify, Klarna and Kahoot. Pantazi talks the importance of mentorship and competing against tech giants in the war for talent. 

Transcript

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0:00.0

What type of team they want to build, what type of culture do they want to create, and then realize that there's no cookie cutter approach of doing it, but really, you know, harnessing that individuality and that mission to create something

0:23.0

that feels authentic to them as leaders.

0:27.6

Europe is different and, you know, there's all this narrative around people in the UK or in

0:33.6

European countries should work harder.

0:35.8

People in SF are, you know, working 24 hours a day or in China and we're lagging behind.

0:41.3

The thought piece was around.

0:43.3

It's actually a marathon, not a sprint.

0:46.3

Sometimes even the questions that VCs asked female founders can differ

0:52.3

from the questions that male founders are being asked.

0:56.0

You know, male founders are often asked promotional questions,

1:00.0

and then female founders are often asked a more sort of risk-focused questions.

1:06.0

So have you thought about what if something goes wrong?

1:08.0

From the first-time founders to the funds that back them, innovation needs different.

1:15.4

Our FSO partner, HSBC Innovation Banking, is proud to accelerate growth for tech and life science businesses,

1:22.8

creating meaningful connections and opening up a world of opportunity for entrepreneurs and investors alike.

1:29.5

Discover more at www. hsbc innovation banking.com slash EN-GB.

1:40.0

Hello and welcome to the UKTM podcast, a weekly chat with the movers and shakers of the UK tech industry and the destination for all things UK tech related.

1:50.5

I'm your host, Jane Wakefield, and today I'm joined by Elena Pantazi, a partner at venture capital firm North Zone.

1:57.8

Welcome, Elena.

1:59.0

Thank you so much. Thanks for having me.

2:01.8

Now, first of all, let's chat a little bit about your role at North Zone.

2:06.0

What it is you specifically do there, and then we'll sort of break down some of those things.

...

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