The long-tail angel market in Europe is predominantly clustered within informal networks. Marc Penkala aims to disrupt these informal networks with āltitude's Open Angel-but is a higher deal volume always advantageous?

When Marc Penkala initiated his investment fund, āltitude, in collaboration with Videesha Böckle and Ingo Drexlerr, he began with a straightforward question: What is the most challenging aspect of early-stage venture capital? His response: establishing improved and earlier access.
This necessity prompted āltitude to introduce Open Angel, enabling them to gain early access to deals they would otherwise remain unaware of. I conducted an interview with him to discuss how the model functions and how Limited Partners are responding to it.