Pitchdrive rejects €100M for €60M AI fund, citing founder alignment

Pitchdrive closes Fund IV at €60 million, rejecting €100M raise despite investor interest. The firm prioritizes deep founder involvement over scale, arguing larger funds would dilute hands-on engagement. Co-founder Wim Derkinderen states a bigger fund would pull focus from founders to market trends. The team evaluates founders' ability to handle rapid change, comparing it to Formula One driver control.