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Richard Anton, General Partner at Oxx: Europe has everything but capital
Description
European venture has been through the SaaS boom, the 2021 bubble, the reset, and now the AI wave. I spoke with Richard Anton, General Partner at OXX, about why being AI native now defines the winners, how services are being rebuilt as software, and why Europe generates strong venture returns while pension funds still allocate just 0.12% to the asset class.
The Scaling Europe show is presented by Deel – check them out here:
https://get.deel.com/ruynb7o4lfjk
Timestamps:
0:14 - Introduction to Richard Anton and Oxx
1:22 - Market changes since 2017 discussed
4:13 - Importance of being AI native6:55 - AI transformation in portfolio companies
7:31 - Europe's readiness for AI opportunities
9:54 - Lack of capital resources in Europe
11:20 - European pension funds' low venture investment12:44 - Need for faster pension fund action
14:09 - Importance of investing in US VCs
15:01 - Differences between US and European investors
16:59 - Europe offers better venture capital returns
18:24 - Advice for LPs entering the VC world