Investing in Early Stage AI Startups Across Europe

In this episode of The Ivy Podcast, Cesare Pesci, our Associate, reflects on his path from an international background in finance and sustainability to investing in frontier technologies across Europe and the United States. Cesare shares how his early curiosity and openness to opportunity led him into venture capital, proving that meaningful careers are often shaped by serendipity and preparation rather than rigid planning.

Cesare emphasizes that VC is a long-term pursuit, not a quick route to success. He advises young professionals to build broad, practical experience before joining a fund, whether through startups, private equity, or other entrepreneurial roles, and to focus on developing judgment and curiosity over chasing short-term gains. “Don’t do it for the money,” he notes. “Do it because you care about innovation and people.”.

A key theme of the conversation is the value of mentorship. Cesare credits his growth to the guidance of Yotis Tonnelier and Sunny Patel, our Managing Partners, whose contrasting styles, one entrepreneurial, one financial, helped him develop a more balanced investment mindset. “When you find someone with whom you truly enjoy working with, hold on to that,” he says. “It’s not guaranteed you’ll find it again.” His story highlights how mentorship, humility, and patience remain foundational traits for success in venture capital.

You can listen to the full episode here.

‍