Erik de Stefanis

Erik de Stefanis' Substack explores the intersections of venture capital, emerging technologies, and commerce innovation. Focused on trends within VC funding, startup ecosystems in the Nordics, innovative payment options, and the implications of Web3 for brand loyalty and e-commerce, it provides insights into the future of retail and investment strategies.

Venture Capital Startup Ecosystems Innovative Payment Methods E-commerce Trends Web3 and Commerce Investment Strategies Brand Loyalty Programs

The hottest Substack posts of Erik de Stefanis

And their main takeaways

SNBL: A new way to pay

117 implied HN points • 05 Oct 22
  1. SNBL allows consumers to save for a specific purchase over time with a merchant.
  2. SNBL is a modern version of the traditional layaway system.
  3. SNBL could drive incremental revenue for merchants but requires clear evidence to avoid cannibalizing present sales.

Swedish Startup "Clones"

58 implied HN points • 05 Dec 22
  1. Startups in Sweden have created similar companies to successful US-based startups by exporting ideas to the Nordic region.
  2. There is a trend of Swedish startups emerging 2-3 years after their US counterparts, offering comparable products and services.
  3. The concept of launching similar companies in different markets, known as 'cloning', is prevalent across various industries and business models.

SPV (vs VC fund) Economics

58 implied HN points • 21 Aug 22
  1. LPs in VC funds are typically charged management fees and carried interest, affecting fund economics.
  2. SPVs have different structures from VC funds, with one-time capital calls and potential for more upside for Syndicate Leads.
  3. Investing through SPVs can offer advantages in terms of potential returns and risk management compared to traditional fund investments.
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E-commerce is dead

58 implied HN points • 11 Aug 22
  1. E-commerce is not dead, and physical retail is also thriving.
  2. E-commerce's share of total retail sales is falling, making up less than 20% in the US.
  3. Physical stores are essential for brands to build trust, loyalty, and unique customer experiences.

Web3 commerce: Brand loyalty programs

39 implied HN points • 23 May 22
  1. Brands rely on loyalty programs to retain customers and increase revenue.
  2. Points-based loyalty programs are common but can have pitfalls like transactional nature and low perceived value.
  3. Web3 technology offers opportunities to enhance loyalty programs, like putting elements on-chain for better customer experiences.

What is an SPV and how do they work?

39 implied HN points • 17 Feb 22
  1. Syndicates are groups of investors who pool funds to invest in assets like startups.
  2. SPVs are Special Purpose Vehicles that pool funds from investors to acquire specific assets.
  3. In the process, Syndicate Leads source deals, create SPVs, and share investment opportunities with LPs.

Syndicate LP Update

19 implied HN points • 07 Jul 22
  1. The syndicate invests in companies to involve young angel investors on the cap-tables.
  2. The syndicate has invested in companies like Buzzer, Pallet, Cronos, and others.
  3. Recent investments show marked increases in value, positioning the syndicate well.

Web3 x Commerce

19 implied HN points • 01 Mar 22
  1. Web3 technology can revolutionize the way brands engage with consumers through NFT projects.
  2. Emerging products like 'Shopify for NFTs' are making it easier for brands to launch NFT projects and reward customer loyalty.
  3. Brands need to strategically integrate Web3 technology into their long-term plans to create meaningful utility and benefits for their customers.

Intro to SPVs

0 implied HN points • 13 Feb 22
  1. Leading SPVs can be high-leverage for building a track record.
  2. There are many factors to consider when starting SPVs, like building an LP base.
  3. SPVs are versatile and can be used for various investments, including film and real estate.