QC· VENTURES is not a fund. We are a deal-by-deal investor who builds ad hoc investor syndicates around ideas and around a core team of experienced corporate finance professionals. Our concept is about staying open-minded and flexible rather than running an investment evergreen. This demands a very open mindset of change, due to the ecosphere of changing partners, changing topics, etc. That is not always easy, but I think long term it’s the better way. We look in principal in all exceptional ideas in scalable businesses which have already a proof of concept. We do only rarely invest into start-ups, there are other’s much better than us.