We set up Piton Capital having been centrally involved in businesses with network economics at Autotrader, Betfair and QXL Ricardo. Choosing the network economics theme was natural – it is where we have succeeded in the past and means that we contribute the best part of our knowledge and experience to the right businesses. This lets us continually learn and improve our contribution to the companies in which we specialise. Piton’s sole focus is to invest in businesses that we believe can benefit from network effects. We are stage and style-agnostic and will invest from seed to late stage (€200k to €15m). Our main geographic focus is Europe but we will invest farther afield with strong local partners, and in emerging markets in businesses we know well.