AI Changes Everything But SaaS Isn't Dead - Nicolas Debock (Eurazeo Venture)

Innovation and Private Capital x aulium · May 11, 2026 · 1h 7m

Early-stage venture capital is often romanticized as spotting the next unicorn, but the real edge lies in understanding when to hold and when to exit. Nicolas Debock, partner leading Eurazeo's early-stage fund, explains why the power law is not a bug but a feature of venture design — and why liquidity matters more than most founders realize.The conversation moves from the mechanics of building a €300-400 million pan-European seed and Series A fund to the hard truths about company failure. Debock walks through why running out of cash is the only reason companies die, and why market timing —…