Insights

What we think. What we've learned.

Written by operators who've been on both sides of the table — building, scaling, and investing in tech companies.

62 European Unicorns Left. 50 Went to the US. Here's What the Data Says.
European VC·6 min read

62 European Unicorns Left. 50 Went to the US. Here's What the Data Says.

New research by PwC chief economist Barbara Baarsma reveals US acquisitions of Dutch startups hit record highs. €89.7B in net VC outflow. The data is worse than most European investors realise.

Wouter Neyndorff
Wouter Neyndorff·April 8, 2026
Why European VCs Are Pricing Deals Blind — And What It's Costing Them
Due Diligence·7 minutes

Why European VCs Are Pricing Deals Blind — And What It's Costing Them

50–60% of European early-stage deals proceed without any formal tech DD. New data shows what that's actually costing investors — and when in the process the damage is done.

Wouter Neyndorff
Wouter Neyndorff·April 6, 2026
The EU AI Act Creates a New Diligence Obligation. Most European VCs Aren't Ready.
AI & Regulation·6 minutes

The EU AI Act Creates a New Diligence Obligation. Most European VCs Aren't Ready.

36–39% of European deal flow in 2025 involves AI-first companies. The EU AI Act's high-risk provisions take full effect in August 2026. Here's what every European investor needs to assess — and what happens if they don't.

Wouter Neyndorff
Wouter Neyndorff·April 6, 2026
'The Technical Section of Our IC Memo Is Always the Weakest Part'
Due Diligence·6 minutes

'The Technical Section of Our IC Memo Is Always the Weakest Part'

An anonymous associate at a Benelux VC told us something most deal teams won't say out loud. It points to a structural gap in how European funds assess technical risk — and who actually carries the cost.

Wouter Neyndorff
Wouter Neyndorff·April 3, 2026
European VC Outperforms the US Over 20 Years. So Why Does Conviction Feel So Hard?
European VC·7 minutes

European VC Outperforms the US Over 20 Years. So Why Does Conviction Feel So Hard?

On a 10–20 year horizon, European VC returns beat the US on both IRR and MOIC. The data is surprising — and it points to an opportunity most funds are leaving on the table.

Wouter Neyndorff
Wouter Neyndorff·April 1, 2026
NjiaPay Raises $2.1M Seed Round — Backed by Scaleflow's Tech Assessment
Due Diligence·4 minutes

NjiaPay Raises $2.1M Seed Round — Backed by Scaleflow's Tech Assessment

How Scaleflow helped Newion validate NjiaPay's product and technology before their $2.1M seed round. A case in point for pre-investment tech assessment.

Wouter Neyndorff
Wouter Neyndorff·March 16, 2026
How VC Firms Use Scaleflow's X-Ray to Win Better Deals
Due Diligence·6 minutes

How VC Firms Use Scaleflow's X-Ray to Win Better Deals

Inside look at how leading VC firms use tech assessments earlier in the deal process — not as a checkbox, but as a competitive weapon.

Wouter Neyndorff
Wouter Neyndorff·March 16, 2026
The Future of Enterprise AI: What It Means for Your Deal Flow
AI & Regulation·8 minutes

The Future of Enterprise AI: What It Means for Your Deal Flow

How leading organisations are deploying AI — and what that means for how you assess AI-first companies in your pipeline.

Wouter Neyndorff
Wouter Neyndorff·January 29, 2026
5 Due Diligence Questions Every Investor Should Ask About Product & Tech
Due Diligence·10 minutes

5 Due Diligence Questions Every Investor Should Ask About Product & Tech

The five product and tech questions that reveal commercial viability before you invest — retention, scalability, time-to-value, differentiation, and prioritisation.

Wouter Neyndorff
Wouter Neyndorff·December 12, 2025
Tech Due Diligence: A Practical Approach for Investors
Due Diligence·8 minutes

Tech Due Diligence: A Practical Approach for Investors

A structured 5-step process for evaluating tech through a business impact lens — not just code quality.

Wouter Neyndorff
Wouter Neyndorff·May 20, 2025
Why AI-Driven Companies Must Rapidly Incorporate New Models
AI & Regulation·10 minutes

Why AI-Driven Companies Must Rapidly Incorporate New Models

Companies that rapidly swap and upgrade AI models maintain margins, speed, and customer satisfaction. What this means for how you evaluate AI-first portfolio companies.

Wouter Neyndorff
Wouter Neyndorff·April 30, 2025
IP Value: Assessing Innovation Defensibility vs. Integration Expertise
Due Diligence·5 minutes

IP Value: Assessing Innovation Defensibility vs. Integration Expertise

Proprietary IP commands 2–3× higher exit multiples than integration-only companies. How to tell the difference before you commit.

Wouter Neyndorff
Wouter Neyndorff·April 25, 2025