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Betting everything
- Magellan's expedition, which led to the first circumnavigation of Earth, required extensive fundraising, negotiation, and sacrifice.
- Today's startup funding resembles the high-stakes campaigns of the Age of Discovery, demanding commitment and belief from founders.
- Startup founders, like Magellan, must present data-driven pitches and exhibit obsessive dedication to their missions.
- Investors in the past funded voyages based on intuition, while modern VCs focus on data analysis and risk mitigation.
- Venture capital today is structured and data-driven, whereas earlier periods were characterized by raw adventurous spirit.
- Magellan and startup founders face similar existential dilemmas regarding personal survival and venture success.
- The Iberian venture capital environment remains risk-averse, hindering investment in groundbreaking ideas.
- European venture funding lags behind the U.S. and Asia, with Iberia being particularly cautious in backing innovation.
- The shift towards short-term profitability has made it difficult for long-term visionary projects to find support in Iberia.
- Both Magellan's world and today's venture capital landscape require visionaries, audacious investors, and a commitment to pushing forward against all odds.
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