Explore tells the stories behind the success of entrepreneurs and investors around the world. Hi there👋, I'm Hugo Rauch, a financial analyst at Microsoft and the host of Explore. I've always been fascinated by startups, in 2022 I wrote a 100 pages paper on the startup economy. In 2023, I wanted to learn from experience and I started Explore. I'm made myself the goal of supporting early-stage founders with theoretical and practical learnings. Consider following and giving 5 stars to support the show! ✨ A feedback or an idea, reach out to me on LinkedIn (Hugo Rauch). 🤠explorepodcast.substack.com

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****New Wave is supported by:Evertrace: the leading founder detection engine for VCs. It traces signals across the digital landscape to uncover emerging founders earlier than anyone else, so you meet tomorrow's founders today.I use it myself to source more deals at Climate Club, and I LOVE it. See what Evertrace can do for you here, or ask me for an intro and get a little something from the team ;)***

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****Brought to you by:EDF: partnering with New Wave on this mini-series to explore how cleaner energy, industrial innovation, and ambitious startups can rebuild Europe's productive edge. Discover EDF's work with industrial and climate innovators here.****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****Supported by:Leonard: The innovation and foresight platform of the VINCI Group, to tackle some of the biggest challenges facing VINCI's businesses: the digital revolution, the accelerating pace of innovation, and the environmental transition.****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****Supported by:Leonard: The innovation and foresight platform of the VINCI Group, to tackle some of the biggest challenges facing VINCI's businesses: the digital revolution, the accelerating pace of innovation, and the environmental transition.****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Brought to you by:Heights: a design agency founded by Gabri Grassi, helping impact-driven tech companies sharpen their brand, attract investors, and scale their reach. Grab your free brand checklist here or reach out to Gabri to elevate your brand.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Brought to you by:Heights: a design agency founded by Gabri Grassi, helping impact-driven tech companies sharpen their brand, attract investors, and scale their reach. Grab your free brand checklist here or reach out to Gabri to elevate your brand.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Brought to you by:Heights: a design agency founded by Gabri Grassi, helping impact-driven tech companies sharpen their brand, attract investors, and scale their reach. Grab your free brand checklist here or reach out to Gabri to elevate your brand.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Brought to you by:Heights: a design agency founded by Gabri Grassi, helping impact-driven tech companies sharpen their brand, attract investors, and scale their reach. Grab your free brand checklist here or reach out to Gabri to elevate your brand.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Brought to you by:Heights: a design agency founded by Gabri Grassi, helping impact-driven tech companies sharpen their brand, attract investors, and scale their reach. Grab your free brand checklist here or reach out to Gabri to elevate your brand.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Brought to you by Heights:A design agency founded by Gabri Grassi, helping impact-driven tech companies sharpen their brand, attract investors, and scale their reach. Grab your free brand checklist here or reach out to Gabri to elevate your brand.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****Thanks you, Morning for hosting the podcast this week. Get 20% off your next meeting room (in Paris), just say you're coming from Hugo at New Wave.****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Thanks you, Morning for hosting the podcast this week. Get 20% off your next meeting room (in Paris), just say you're coming from Hugo at New Wave.****Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****Listen now:Apple // Spotify // YouTube

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subscribe to the newsletter:New Wave | Hugo Rauch | Substack****

Subcribe to the newsletter:New Wave | Hugo Rauch | Substack****Thank you to this week's sponsor:Accelerating Impact - a non-profit advancing impact finance by mobilizing capital and running free accelerator programs for emerging fund managers. Join for expert coaching, training, financial support, and a strong community. Apply here.****

Subcribe to the newsletter: New Wave | Hugo Rauch | Substack****

Thank you to this week's sponsor:Accelerating Impact - a non-profit advancing impact finance by mobilizing capital and running free accelerator programs for emerging fund managers. Join for expert coaching, training, financial support, and a strong community. Apply here.***

Thank you to this week's sponsor:Accelerating Impact - a non-profit advancing impact finance by mobilizing capital and running free accelerator programs for emerging fund managers. Join for expert coaching, training, financial support, and a strong community. Apply here.***

Sign up to New Wave's newsletter. ***This week on New Wave Weekly:

Thank you to this week's sponsor:Accelerating Impact - a non-profit advancing impact finance by mobilizing capital and running free accelerator programs for emerging fund managers. Join for expert coaching, training, financial support, and a strong community. Apply here.***





Sam Goodall on Europe's Climate Tech “Supercluster”In Paris, I sat down with Sam Goodall, CEO of Cambridge Cleantech and co-founder of the Climate Tech Supercluster.We unpacked a question I kept hearing:Why does Europe lead in climate innovation, but fall behind on scale?Sam's take is refreshingly clear: Climate tech is spread too thin. We miss an obvious “Silicon Valley” to go to.That's why he created the Supercluster approach: a series of events across Europe (London, Paris, Amsterdam) that increases the collision rate, and let smart people collaborate.Here's what we covered:→ Europe's superpower: the research base (TRL 1-3)→ Where the system breaks: scaling post-TRL 7 + “value leakage”→ The missing link: capital that matches deeptech timelines→ Why corporates are the de-risking engine for FOAK → 2026+ opportunities: industrial decarb + data center energy This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newwavenewsletter.substack.com

Makesense just closed its €25M pre-seed fund:So we sat down with Marion Schuppe to unpack what it really takes to build an impact-first VC from a nonprofit DNA.

This week on New Wave Weekly: