View this email in your browser

Hi Sifted reader,

Getting on with your cofounder can be tricky… especially when they’re your sibling. Today we bring you the highs and lows of familial founders and why it can be harmonious at its best, and explosive at worst. Plus…

• Is Europe the friendliest place for crypto?
• What to do when your cofounder bails mid-raise
• Southern Europe’s hottest deeptech startups

— Sophie, editorial assistant & Tom, digital editor

Cofounder relationships can be tricky to navigate, but especially when your cofounder is also your sibling. 

One minute squabbling can threaten to bring the whole thing crashing down and the next "sibling silliness" can make your company the best place to be. 

So what's it really like being sibling cofounders?

Older generations are more susceptible to fraud, right? Wrong. Those between the ages of 16 and 34 actually account for more than half of the UK’s scam victims. So how can you protect yourself? Watch our new video, in partnership with TrueLayer, to find out.

Watch now.

Once upon a time Iberia had a reputation for being a sleepy backwater when it came to deeptech innovation.

But no more. Today, Spain is producing world-leading quantum computing startups, while Portugal has AI unicorns like Unbabel to its name.

So which of the region's other deeptech stars should you have an eye on?

You’re in the middle of raising a pre-seed round and your CTO/cofounder walks out. And here’s the worst part: you can’t hire a new CTO before securing funding, and you can’t raise funding without a CTO. So what do you do?

Sifted’s agony aunt spoke to a cofounder, a VC and a CTO for their advice on what to do when you’re stuck between a rock and a hard place.

Here’s what they had to say.

Need some sage wisdom yourself? Submit your startup problems anonymously here. 

Pivoting your startup is common practice for early-stage companies in the US. But in Europe there's a stigma attached to changing direction. 

And that can lead to potentially great teams sticking with an initial idea until money runs out or they decide to shut down prematurely. 

Here's why Europe needs to catch up on pivot culture.

Plaid, Plum and Revuto on social investing | Online | July 6

How will the rise of crypto in social investing impact traditional financial advisers? What social responsibilities do wealthtechs have when allocating to crypto assets and how can they ensure greater transparency for consumers and investors? How to bring digital assets into the mainstream.

Plan, A, Turn On Turn Off Ventures and more | Online | July 13

When investing in climate tech startups, measuring proof of impact is essential. Our upcoming Sifted Talks will explore climate tech’s promising future and the investors best suited to the sector. Join us on July 13.

Sifted Summit 2022 | London | October 5-6

Tomorrow a limited number of super early bird tickets go on sale — saving you up to 36%. We'll also reveal the first 50 spectacular speakers. Pre-register to make sure you don't miss out.

☕ We’ve been talking to some great people from Europe's startup ecosystem lately. So grab a coffee, take five and enjoy the best from Brunch with Sifted:

🎵 Sophia Bendz on building hype in the early days of Spotify

👩🏼 Cindy Gallop on building the next sextech unicorn

🇸🇪 Northzone's PJ Pärson on being turned down twice by Klarna

🇫🇷 Sorare's Nicolas Julia on cracking the US next

Plus:

💵 Last week EU legislators brought forward two deals that put the bloc ahead of the US and UK in the race to regulate the cryptocurrency market. So is Europe now the friendliest place for crypto?

🏳️‍🌈 Startup Life newsletter writer Miriam Partington talked to LVNDR cofounders Christopher El Badaoui and Araxie Boyadjian about how startups can be more inclusive of non-binary employees. 

🎙 On the latest Sifted Podcast episode, the team discuss the EU’s big new plan for innovation, the crypto winter, LGBT+ inclusion and more!

💰 Recently the $40bn collapse of cryptocurrency luna sent shockwaves through the market, leaving many to ask: is it over for crypto? (In partnership with Plaid.)

Sophie Zhang

Editorial Assistant

Get in touch with them at sophiezhang@sifted.eu

Tom Nugent

Digital Editor 

Get in touch with him at tomnugent@sifted.eu
Or tweeting at @TJNugent92

Copyright © 2022 SIFTED (EU) LTD, All rights reserved.

Want to tailor what you receive from us?
You can update your preferences to manage your newsletter subscriptions,
or you can unsubscribe from Sifted if you never want to hear from us again.