Fundraising Mastery: Why VCs say 'No' even to great companies
Join our open masterclass to learn how VCs truly make investment decisions — and how to get the fund to say "YES".
at 15:00
- The VC "Black Box": Deconstructed We pull back the curtain on the Investment Committee (IC) process and
- Live Pitch Clinic: A rare opportunity to see "behind the curtain." Our Lead Analyst from the Constructor Start team will conduct a live review of participant pitch decks, providing honest, actionable feedback.
- Current Batch Founders: To sharpen your skills ahead of the final Demo Day.
- Waitlist Startups: If you passed our formal screening but didn't make it through the final interviews, this session is designed to help you strengthen your case for the next cohort.
- The Global Startup Community: Ambitious founders looking for professional insights into the European VC market.

Matthias Winter, Managing Partner of Constructor Capital
I. The Venture Capital Mindset: The "Why"
The Power Law & Outliers: How VC funds actually work, the role of LP capital, and why we are mathematically driven to find "the 1%."
The "Silent No": Uncovering the objective and subjective reasons for rejection that founders almost never hear about.
II. The Evaluation Framework: The "What"
The Fundability Trinity: A deep dive into the three pillars: massive market potential, team resilience, and product "stickiness."
Stage Evolution: Pre-Seed vs. Seed — what specific metrics and milestones matter as you scale.
Proof in Action: Real-world portfolio deep dives — from the hardware complexity of LUMAI (AI Chips) to the scalability of B2B SaaS.
III. Inside the Black Box: The "How"
The Investment Committee (IC) Unveiled: A step-by-step walkthrough of the decision-making process, the internal Investment Memo, and the "GO / NO GO" criteria.
Fundraising Efficiency: Data Room best practices to structure your diligence vault and save thousands of hours.
IV. Interactive Mastery: The Execution
Expert Q&A: Direct access to the Constructor Capital investment team.
Bonus: Live Pitch Clinic: A high-stakes session where our Lead Analyst conducts live teardowns of participant decks for real-time, actionable feedback.
