This episode brings us together with Alain Nicod, a business angel, founder of various startups like LeShop in 1997 and Partner at VI Partners. Alain likes searching for startups and meeting exceptional people, and he believes it’s important that an entrepreneur can manage the day-to-day firmly, be realistic and have good sales skills.
In this episode we started off by exploring what he enjoys about being a partner at an investment fund of over CHF 100 million, and what he misses about being on the other side. We then dive deeper into questions around how a fund works, what the returns on investment have to be, how the process of launching a fund work, what skills are needed, and more. Finally, we asked Alain for specific advice that we could apply to our own situation, how we could detect a good from a bad investor and what he looks for in a founder.