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Equity

VCs are entering 2024 with “healthy paranoia”

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 26 December 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Today, Alex got Deepka Rana from Northzone on the mic to chat through a bevy of key topics for the new year: Where venture capital is heading in the new year The prognosis for startups at different stages of maturity Why 2023 was the year of adjustment, and 2024 could be the new venture-startup normal And, the fate of AI in the EU where regulation is afoot. (n.b. When we recorded this, the EU's first-draft of AI regulation had not yet dropped). We think that every person in startups and venture is hoping that 2024 brings a warmer macroeconomic environment, and lots of exits. We'll see. What was clear from our chat with Rana, however, is that the new year is going to be anything but boring. We have two more episodes headed your way before we officially wrap up 2023, so stay close to Equity! Connect with Equity on X and Threads @EquityPods, and keep up with all of TechCrunch's podcasts @TechCrunchPods on TikTok. For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and the nuance behind the headlines.

0:18.5

My name is Alex and this is our interview show where we sit down with a guest think about their work and unpack the rest.

0:24.4

Today we are talking with Deepka Rana, a principal on the investment team at North Zone.

0:29.1

If you don't know her, she grew up in Germany and the UK graduated with a degree in physics from the Imperial College of London.

0:35.0

She's still based there, joined North Zone back in 2019, focuses on early-stage companies across the consumer internet and B2B SARS areas and whoa I got a lot of

0:45.6

information on you deepka. She what about the future of work recently and is generally

0:49.0

a Bon Vivant? Deepka welcome to the show.

0:51.3

Hi Alex thanks for having me.

0:53.0

And then for folks who just want to know a little bit more about your firm,

0:56.4

three years after putting together, I think it was roughly a half billion dollar fund.

1:00.0

North Zone put together about a billion euro in capital across.

1:03.4

It was an early stage fund and a growth fund, correct?

1:06.2

That's right.

1:07.0

And when did all of that kind of wrap up, just so people know when you guys closed off that last

1:11.5

set of investment vehicles?

1:13.2

We close and announced the latest set of funds at the end of last year.

1:16.5

Fantastic.

1:17.5

And I was talking to you before we hit record.

1:19.7

I thought that Kota was your most recent deal, actually it's Katana and I was hoping you

1:24.5

could give us just a really quick note about what they're doing and why you chose them to

1:28.6

invest in. Yeah Katana is a Estonian startup It's building a software ERP platform for manufacturing business in the ERP space.

1:37.6

It doesn't just cater to manufacturers, anyone who deals with inventory.

...

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