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Borja de los Rios
Founder + GP, early stage climate tech investing
Borja Moreno de los Rios is a serial founder turned climate tech investor based in New York.4 He is currently a General Partner at Silence, a venture capital firm focused on climate technology investments.14 Borja has a notable background in entrepreneurship and investing, with experience in various sectors.
Some key points about Borja Moreno de los Rios:
- He is recognized as a Forbes 30 Under 30 Spain honoree (October 2017).4
- Borja has achieved athletic success, being a Silver Medalist at World Waterski Championships and designated as an "Elite Athlete" by the Government of Spain in 2004.4
- His educational background includes time at MIT - Sloan, where he was a Legatum Fellow and MasterCard Foundation Fellow.4
- Borja has been involved in various investments, particularly in the climate tech and sustainability sectors.12
- He is part of the Silence team alongside Sara Ramos Colmenarejo and Guilherme Penna, focusing on empowering climate tech founders.3
Borja Moreno de los Rios appears to be actively involved in the venture capital and startup ecosystem, with a particular emphasis on climate technology and sustainability initiatives.123
Highlights
Best performing VC strategies
1️⃣ Small VCs win 2️⃣ Emerging Managers win 3️⃣ Specialist VCs win 4️⃣ Larger, more diversified portfolios reduce risk dramatically → higher risk adjusted returns
Why?
1️⃣ Small VCs → Smaller allocation → better access 2️⃣ Specialist VCs → differentiated value add → better access 3️⃣ Emerging Managers are like first time founders, they are putting everything on the line: their savings, their time, their reputation… 4️⃣ There is an element of randomness in start ups that gets mitigated via diversification
Data?
1️⃣ Top decile Small VCs ($30M) produce 25% higher IRR than mid size VCs ($100M), 62% higher IRR than large VCs ($250M) and 100% higher IRR than really large VCs ($500M+) 2️⃣ Specialist VCs produce 30% higher IRR than generalists 3️⃣ Top quartile Emerging Managers have delivered a 7.5 percentage point IRR overperformance compared to non-Emerging Managers 4️⃣ A diversified portfolio of 70-90 investments reduces its risk of losing money to almost 0%
Thanks Fabrice Grinda and FJ Labs for teaching me all of this early on..
#VentureCapital #PortfolioConstruction #FundStrategy #FundofFunds
Credits to Megan Thorp, MBA and Jukka Alanen for this very data-driven report!
