Every year, we bring the Samaipata founder community together for the Hive Summit, our annual retreat for portfolio founders, Operating Partners, and close friends of Samaipata. Three days to surface the real challenges, the big bets, the questions keeping founders up at night. This year's theme reflected the defining shift of our times. AI or Die.

AI is changing how software gets built, and it is forcing a more fundamental question about the SaaS playbook. When building products becomes 10x faster, better, cheaper what looks valuable and defensible starts to shift.

There is a standard story being told in venture circles right now as investors flock religiously to "Claude Code in VC" events. AI is turbocharging deal sourcing, compressing diligence timelines, and democratizing deep domain expertise. All of this is broadly true, but the story stops too soon. It misses the more unsettling half, the same forces making VCs faster and smarter may also be quietly eroding the very mechanism by which venture capital creates value in the first place.

We have been backing founders building technology companies across Europe since 2016, not only with capital, but with hands-on operational support through our Founder Success platform, a decade-long effort to build the VC platform we would have valued as entrepreneurs.

We are very happy to share that Samaipata is backing VIVLA again, this time in their €8M equity round, alongside a great group of investors. Our first investment in VIVLA dates back to 2022, and as the company has grown and evolved significantly our conviction in the opportunity and team has only deepened.

Pricing as a moat is quite the oxymoron since pricing structures are anything but proprietary...