Jörn "Joe" Menninger
speaker
1,749 appearances
8 recordings
1 series
first heard May 2026
last heard 13 Aug
Jörn "Joe" Menninger’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Jun 2026 with 3.
Appearances
We come back to what that tells us later.
let me give you three numbers 1.4 billion us dollars that is nura robotics series c announced in june the largest venture round in german history backed by tether nvidia
Amazon and Bosch, a robotics company from Stuttgart, not a SaaS company from Berlin.
Six out of eight.
Six of the eight largest funding rounds in Germany, Austria and Switzerland in the first half of 2026 went to defense, space, fusion, quantum robotics or energy infrastructure.
The other two
went to companies that had proven their unit economics under pressure.
Software-only rounds are absent from the top tier.
1.6 million euros, N26 net profit for 2025, the first full-year profit in the neobank's 8-year history, after more than 3 billion euros in lifetime funding.
Not glamorous, not viral, but possibly the most important number of the first half year, because it represents proof.
Those numbers tell a story, and the story is not what the consensus thinks it is.
In our Q1 review back in March, I called this market a selection event.
I said capital was concentrating, not disappearing.
and that the filter was perceived necessity.
Does the world need this company to exist?
We know three months later, I think that call was directionally right, but it understated what was actually happening.
This was not a selection event.
This was a structural rotation.
And the argument I'm going to make today is that the market that left in 2022 is not the market that came back in 2026.
Scope and methodology for you guys.
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