TickerTain
$SPCX····$NVDA····$MSFT····$GOOGL····$ANTHROPIC·$TSLA····$CRWV····$NBIS····$HIMS····$TSM····$ASML····$FIGURE·$LYFT····$UBER····$SNOW····$META····$ELEVENLABS·$CURSOR·$COGNITION·$OPENAI·$AAPL····$RKLB····$XAI·$AMZN····$AMD····$000660.KS····$INTC····
←

andre retterath

T2 · manager / operator

Engineer by training with PhD in machine learning; joined Earlybird 8+ years ago to build out AI investment practice; has led early-stage deep tech, AI, and software infrastructure investments since 2017 including UiPath, Aleph Alpha, and Arago.

11 calls·11 names·100% bull·last heard 3 months ago·Scaling Europe
track recordleaderboard →
hit rate
100%
avg alpha
+14.7pp
scored
1

top calls

best measured alpha vs SPY, then highest conviction · one per company
1st+14.7pp vs SPY
$PATHUiPathposition

Earlybird's UiPath exit validates European champions thesis at $33B IPO

European startups can achieve massive US public market exits after early-stage investment at attractive valuations, creating an arbitrage opportunity for European VCs.

Scaling Europe2026-05→
2ndhigh conviction
$SNYKSnykposition

Earlybird's DeepCode merger into Snyk yielded $10B peak valuation

Early AI-powered code analysis investment (DeepCode) merged into Snyk, demonstrating Earlybird's early AI thesis and ability to compound value through strategic M&A.

Scaling Europe2026-05→
3rdhigh conviction
$ISAR-AEROSPACEIsar Aerospaceposition

Isar Aerospace builds European launch sovereignty to rival SpaceX

Europe needs independent launch capacity for strategic sovereignty; Isar Aerospace addresses this critical infrastructure gap with valuations benchmarked against SpaceX.

Scaling Europe2026-05→

most discussed · click a bar to filter

recurring themes

11 total
$BLACK-FOREST-LABS
Black Forest Labs
MEDandre retterath·Scaling Europe·3 months ago· position
Black Forest Labs explores API vs license model for generative AI
Portfolio company Black Forest Labs is navigating business model decisions (API vs license) for generative AI models, with Earlybird facilitating peer learning across portfolio.
"I can connect Matthias with Robin from Black Forest Labs if they want to look into how to balance like API business versus license business, for example."
9:32
$PATH
···
UiPath
HIGHandre retterath·Scaling Europe·3 months ago· position
Earlybird's UiPath exit validates European champions thesis at $33B IPO
European startups can achieve massive US public market exits after early-stage investment at attractive valuations, creating an arbitrage opportunity for European VCs.
"We've invested 2015 into a company called UiPath out of Romania. Um back then, the entry valuation was uh very attractive to us. And then, 6 years later, we did an IPO at 33 billi…"
4:21
$SNYK
Snyk
HIGHandre retterath·Scaling Europe·3 months ago· position
Earlybird's DeepCode merger into Snyk yielded $10B peak valuation
Early AI-powered code analysis investment (DeepCode) merged into Snyk, demonstrating Earlybird's early AI thesis and ability to compound value through strategic M&A.
"deep code static code analysis that we later merged into Snyk and became shareholder in Snyk, which at the peak traded at 10 billion valuation."
7:01
$ISAR-AEROSPACE
Isar Aerospace
HIGHandre retterath·Scaling Europe·3 months ago· position
Isar Aerospace builds European launch sovereignty to rival SpaceX
Europe needs independent launch capacity for strategic sovereignty; Isar Aerospace addresses this critical infrastructure gap with valuations benchmarked against SpaceX.
"our portfolio company Isar Aerospace, it's a lower orbit rocket launcher looking into European space sovereignty. And obviously, everyone is looking at SpaceX right now."
4:51
$SPATIAL
Spatial
MEDandre retterath·Scaling Europe·3 months ago· position
Spatial founded by top researchers builds foundation models with academic pedigree
Foundation model startup Spatial benefits from elite founding team (Synthesia co-founder, Stanford/TUM professors) and Earlybird's network for commercialization.
"portfolio company Spatial, it's founded by, among others, Matias who's also co-founder of Synthesia, who was professor at Stanford, who's a professor at TUM Munich."
9:32
$MARVEL-FUSION
Marvel Fusion
MEDandre retterath·Scaling Europe·3 months ago· position
Marvel Fusion investment targets fusion energy for European sovereignty
Fusion energy startup Marvel Fusion addresses critical European energy independence needs, part of Earlybird's deep tech/hard tech portfolio.
"We've invested in companies like I mentioned before like Isar Aerospace, Marvel Fusion."
7:35
$SYNTRAI
SyntrAI
MEDandre retterath·Scaling Europe·3 months ago· position
Lithuanian AI startup SyntrAI hits $10M ARR in 8 months with 7 term sheets
SyntrAI demonstrates extreme velocity in AI application layer: bootstrapped to $10M ARR in 8 months, attracting intense competitive fundraising.
"I remember we invested in a company called SyntrAI out of Lithuania last year. The company bootstrapped within 8 months got to like 10 million ARR. He had 1 week of fundraising. H…"
20:49
$IVAN
Ivan
MEDandre retterath·Scaling Europe·3 months ago· position
Managed database infrastructure company Ivan reaches $3B valuation
Earlybird's software infrastructure portfolio includes Ivan, a managed database company now valued at $3B, validating deep tech focus.
"We've invested in companies like Ivan, which the last valuation was 3 billion. It's a managed database software infrastructure."
7:08
$ALEPH-ALPHA
Aleph Alpha
HIGHandre retterath·Scaling Europe·3 months ago· position
Aleph Alpha pivots to specialized sovereign models and merges with Cohere
Foundation model companies must adopt full-stack approach (hardware + platform + specialized models) for enterprise/government sovereignty; merger with Cohere creates European alternative to US AI giants.
"We've invested in 2021. So, very early pre-commercialization and had a strong belief in foundation models already... actually what you need is you need deep integrations, you need…"
10:26
$ARAGO
Arago
HIGHandre retterath·Scaling Europe·3 months ago· position
Arago builds Nvidia alternative in chip infrastructure from new fund
New fund investment Arago targets AI chip infrastructure to challenge Nvidia dominance, reflecting Earlybird's conviction in sovereign compute layer.
"Arago is an investment from the new fund that is in chip infrastructure building an alternative to Nvidia."
7:41