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Last week we announced the closing of our new fund, Point Nine Capital II. The most important information about the new fund is included in our official press release , but I wanted to write a brief blog post to give you some additional background and share some personal thoughts. When we set out to create the new fund last year, the goal was to raise €30 million. Since we're quite new to the VC game and didn't have any relationships with institutional investors, raising the fund took us quite a while. We're all the more happy with the result – not only did we end up raising €40 million, we also managed to get leading private equity fund-of-funds like Horsley Bridge Partners on board. Ironically, while it took us quite some time to raise the first €15 million, in the end we could have raised more than what we did if we had wanted to. I'm sure this will sound very familiar to many startups. While the fund size means we are a "micro VC", at least by US standards...

A few weeks ago, Fabian , who worked as Point Nine's associate from the very beginning, has left to create his own startup, Wunsch Brautkleid . Hence we're now looking for a new Investment Associate to complement our investment team . Here are all the details. Please check it out and help us spread the word!

Following some advice on choosing the right market ( here and here ), building a team with product/tech DNA  and the importance of an awesome product and an awesome marketing website  I would now like to turn to the topic of getting your pricing right: 5th DO for SaaS startups Get your pricing right If you're following this blog for a little while, a part of this post won't be new for you because I wrote about the topic before  and will repost a large part of it here. But I'm going to add a few new thoughts as well, especially about Freemium. As you're getting close to the launch of your product you'll have to make a number of decisions around pricing: Will there be a free plan? What pricing model am I going to use? How much am I going to charge? Pros and cons of Freemium Starting with the first question, there is no general answer on whether you should or should not adopt the Freemium model. Having a free plan can be extremely powerful in getting large numbers of...