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Hi Sifted Reader,

Funding in Europe is going bananas... but what has that meant for the average term sheet? With the help of a new study from PwC we find out, plus:

We map out the top dogs at Revolut
We find out which sustainability startups VCs want to invest in
We meet the startup saving us from WFH

\Fintech

The people with power at Revolut: a map of Nik Storonsky's top team players

Nik Storonsky is one of the most recognisable faces in European tech. The founder and CEO of Revolut has built a $5.5bn fintech, but he hasn’t built it alone.

Storonsky has cultivated a team of trusted senior individuals who have helped scale Revolut to over 2k staff.

We identified the top players at the fintech.

\Our latest report Fintech Unwrapped 2.0

Meet the startups riding the alternative payments wave

Learn from the experts what the future of credit looks like, and which companies are already there, in Sifted’s Fintech Unwrapped 2.0 report.

Find it here.

\Venture Capital

What does a 'standard' term sheet look like in Europe?

What's a standard valuation at Series A in Europe? How common is it to create an option pool? And what stipulations around board structure are normal in a term sheet?

A survey of nearly 200 European term sheets by PwC found the answers to those questions, and more.

We broke down the survey here.

\For Members Sustainability

Seven sustainability startup ideas VCs want you to pitch

There are over 800 climate tech startups scattered around Europe. But what kinds of pitches aren’t VCs hearing — and want to hear more of — when they think about sustainability?

We asked VCs what sustainability startups they'd like to see pitched to them.

Find out what they said.

If you're not yet a Sifted member, subscribe here for as little as £19 per month.

\Consumer

Sick of working from home? This startup lets you choose from over 5k offices

Whether you think employees should be coming back into the office five days a week or one, it’s clear that post-pandemic work will be at least some combination of the two. Naturally, startups are building services to support the 'new normal' are raising funds.

The latest is Hubble, a British startup which helps teams book hybrid office space: combining an HQ with passes to working spaces around the globe.

Find out more.

Sifted Suggests

🕐 Hot things and has beens. This article from Wired argues that many startups go through a predictable lifecycle: they begin as a 'shiny new toy', some become the 'hottest company' around and then others end up as 'a mess'. We look at where Europe's tech startups fit in .

🖥️ The internet's rotting. The Atlantic's Jonathan Zittrain looks at the story behind how the internet was created and how the system's beginning to become undone.

💳 Stripe: thinking like a civilisation. Is the success of Stripe largely to do with its cultural power? That's what this piece argues: "No founder is constructing an empire with quite the same thousand-year stare or detailed, architectural love as the Siblings Stripe."

Events [digital only]

Why startups need to understand the VC mindset to grow | Online | Tuesday July 6
Find out what founders should do to get a ‘yes’ from VCs in our next Sifted Talks.

UK Ecosystem Assembly | Online | Wednesday July 14
It's not all about London, you know. Join for a full day of expert panels looking at the UK's smaller startup ecosystems. Including:

+ Post-Covid startup recovery — how can local governments help? | 10am BST
Including speakers from Ignite NI and the Impact Investing Institute.

+ What resources do ‘tech for good’ startups need? | 12pm BST
Hear from The Blair Project director Marilyn Comree, Nesta CEO Ravi Gurumurthy and Hey Girls founder Celia Hodson.

+ We need DEI efforts to be less talk and more walk | 2pm BST
Discuss what resources underrepresented founders need to thrive.

+ Is moving your startup’s HQ outside of London a bad idea? | 4pm BST
Hear from the startups that chose to base themselves elsewhere on why they made the decision — as well as a London-based founder on why they stayed.

Sifted Opinion

Startups, stop paying so much for PR

Culture or cult? How to stop your startup falling apart

Startups can't ignore pronouns anymore

As a gay man in fintech I thought I was 'good' at diversity. I was wrong.

Amy Lewin
Deputy Editor

Get in touch with her at amy@sifted.eu
She loves a bit of reader feedback.

Freya Pratty
News Reporter

Send her your news at freya@sifted.eu
Or find her (occasionally) tweeting @FPratty

What would you like to read about in the next email?

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SIFTED (EU) LTD

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United Kingdom

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Sifted - Revolut's COO is off 👋

\Fintech

The people with power at Revolut: a map of Nik Storonsky's top team players

\Our latest report Fintech Unwrapped 2.0

Meet the startups riding the alternative payments wave

\Venture Capital

What does a 'standard' term sheet look like in Europe?

\For Members Sustainability

Seven sustainability startup ideas VCs want you to pitch

\Consumer

Sick of working from home? This startup lets you choose from over 5k offices

Sifted Suggests

Events [digital only]

Sifted Opinion

Older messages

Getir: really worth $7.5bn? 🤔

Accel raises megabucks 💸

17 promising payments startups 💳

On-demand grocery: the state of play 🔥‍

Why a European WeChat won't work 🙅‍♀️

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