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
They need the kind of long-duration capital the German venture capital market at its current size is not yet built to deliver.
the capital intensity gap.
This is the hardest thing in comparison in the data.
KfW's benchmark table puts German venture capital investment at 0.16% of GDP.
France is at 0.5%.
The European Union as a whole is at 0.17%.
The UK is at 0.6%.
The United States is at 0.9% of GDP.
Let that land.
The UK invests almost four times as much in venture capital relative to the size of its economy as Germany does.
The US invests almost six times as much.
France out invests Germany by more than 50% on this measure.
Germany, of course, has the third largest economy in the world.
It has world-class universities, deep engineering talent, a strong industrial base.
It has Helsing, BioNTech, Celonis, DeepL, Volocopter and a growing defense and battery cluster around Munich and Aachen.
And it invests less than half a percent of its GDP into the technologies that will define the next 20 years of industrial competitiveness.
In the United States, four AI companies, OpenAI, Anthropic, XAI and Waymo, raised 188 billion US dollars combined in a single quarter.
In the United Kingdom, Unscale, WayV closed billion-dollar AI rounds.
In France,
Jan LeCun's new venture raised the largest seed round on record at 1 billion US dollars.
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