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
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Second, I assess Germany's startup geography with political by function.
Munich and southern Germany for hardware, defense and deep tech.
Berlin for software and international talent.
That pattern continued.
The largest H1 round, Neuro Robotics in Stuttgart, Stark, ESA in Munich, Focus Energy near Darmstadt, were overwhelmingly non-Berlin.
I covered the geography dynamics in that in our Q1, so I will not repeat it today, but the direction has not changed.
Third, I said the exit window was reopening only for companies that have already won.
Partially confirmed, Talon1 sold to Aden for 750 million euros.
OHB relisted in Frankfurt raising 789 million.
But the KNDS IPO was postponed, but according to the coverage, mostly due to political reasons.
The window is open, but it remains selective.
One more thing.
In Q1, I mentioned Neuro Robotics at roughly 1 billion euros.
They closed at 1.4 billion dollars, larger than expected.
And ESA Aerospace closed at 270 million euros, broadly in line.
The Q1 signal base held up.
Now let me show you what happened next.
Our thesis, the structural rotation.
The headline Recovery European Venture Capital concealed a structural rotation underneath.
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