How do you start investing in startups? Here’s a simple exercise. Suppose you and nine other people band together and borrow fifty thousand euros each at a ten-year loan. With the existing interest rates, each person will end up paying around five hundred euros per month. If all of you have salaries at around ninety thousand euros per year, you’ll be able to accommodate that extra expense. At the end of the operation, you will have raised €500k, which is already a respectable amount for a small fund. However, I believe you can multiply that number by ten if you then raise from institutional investors. Your pitch is that ten ex-entrepreneurs have grouped together, together raised €500k and you’re all raising €4.5M to invest in seed-stage startups. The breakdown of that investment would be: ten €100k investments in very early-stage projects, three €500k investments in go-to-market projects, and two €1.25M in projects with a product-market fit and some MRR.