A profitable affiliate can still be a poor investment. Founder dependence, platform concentration, opaque revenue, weak governance and regulatory exposure can leave a cash-generative company without durable enterprise value. Drawing on the difference between visible US capital and Europe’s less accessible pools, this session forces founders to ask what they are actually building and who, (if anyone), should fund it.

• Why strong cash flow can still produce weak enterprise value, and which dependencies investors discount hardest.
• What specialist investors, strategic buyers and European family capital reward across audience ownership, data, brand, technology and repeatable operations.
• How to choose between M&A, venture, private capital, a strategic partner or deliberately remaining self-funded.
• What evidence and governance must exist before a serious investor conversation and the red flags that end it early.