A former investor at Thiel Capital has taken a significant step into independent investing by launching Off Piste Capital as a solo general partner. Max Samuel, who previously worked at Thiel Capital and served as a general partner at SNÖ Ventures, has secured the first close of Off Piste Fund I with €25 million ($30 million) in commitments.
The new fund targets early-stage companies, focusing on sectors that align with Samuel’s experience and network. While the specific industries are not disclosed, the fund’s strategy emphasizes backing startups with scalable technology and strong founder teams. Off Piste Capital is structured as a solo GP model, meaning Samuel will manage the fund independently rather than as part of a larger team.
Samuel’s transition from Thiel Capital to Off Piste Capital marks a shift from institutional investment to a more agile, founder-focused approach. His prior role at SNÖ Ventures provided him with exposure to European startups, particularly in the Nordic region. The move reflects a broader trend among experienced investors who are opting to launch their own funds after years in larger organizations.
Off Piste Fund I is now open to further investments as Samuel begins deploying capital. The fund’s name, Off Piste, suggests a focus on unconventional opportunities outside traditional venture paths. Samuel has not disclosed additional details about portfolio companies or investment criteria, but the fund’s structure signals a preference for hands-on, early-stage support.
Source: eu-startups.com