In this episode of the EUVC podcast, Andreas discusses with David Meiborg, General Partner at First Momentum Ventures. First Momentum Ventures, with their €30M fund, specializes in backing deeply technical founders at the pre-seed stage. Their focus spans deep tech, industrial climate tech, dev tools, data, and enterprise SaaS across the DACH region and beyond. In today’s discussion, David introduces us to the Deep Tech Hardware Napkin framework they recently launched, which includes the latest benchmarks on funding, team, product, and commercialization, broken down by stage. The Napkin and full report are based on a survey completed by 30 DeepTech VCs from 8 countries. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:02 Meet David Marburg from First Momentum Ventures 00:28 Deep Tech Heartware Napkin 05:48 Deep Tech Napkin Collaboration 06:17 Inspiration and Data Sourcing 09:34 Deep Tech Hardware Napkin Breakdown 10:54 Pre-Seed Stage Insights 14:18 Seed Stage Insights 16:40 Series A Insights 24:07 Series B Insights 26:59 Founding Teams and Commercial Savviness 35:46 Technology and Product Stages 44:12 Tech Maturity and Valuation 49:06 Common Hardware Business Models