#46 The Memo - 500 Startups, Enis Hulli
Welcome to the inaugural launch episode of The EUVC Investment Club where we’re bringing everyone in our beautiful ecosystem together around backing emerging managers. We’re honored and hyped to bring back to the show Enis Hulli, General Partner of 500 Istanbul, one of the best performing funds in the 500 Global fund family. Join us as we dive deep on Enis’ fund and explore why we’re so hyped about Enis and his thinking.
We’ve long been wanting to democratize access to invest into European VC and this episode marks the true beginnings of this.
In this episode, you’ll learn:
- The investment thesis and strategy that has led to Fund I’s massive success yielding a 4.7x Gross TVPI & 53% IRR
- What has allowed Enis and his team to execute 40 investments in founders from 11 countries with a cumulative 500M$ annualized revenue (97% from foreign markets) and 3000 people employed.
- What Enis has learned and adapted from Fund I to Fund II & why Enis doubles down on talent arbitrage and tech transfer.
- How Enis thinks about firm building, why he is so wholly dedicated to deal sourcing and what his strategy is to access the best deals in Turkey and Eastern Europe