The Forest Returns 1% a Year. So Why Do We Still Own It?

The newsletter, where I write up what I am seeing: https://deal-by-deal.beehiiv.com/ Our family forest returns about 1% per year, and for most of the time we have owned it that was fine, because the forest was the family bank. Bark beetles, storms and drought broke that premise, so I shortened the rotation, took capital out of the trees, and had to decide where it goes instead. In this video I walk through why that money went into venture capital, deal by deal, and why we still keep the forest anyway. CHAPTERS 0:00 The reality of managing a family forest 1:26 When the forest bank account hits a crisis 3:53 Adapting the strategy for a new era 6:34 Balancing the forest with venture risk I'm Johannes Gemmingen, Managing Partner at Auctora Partners. We invest in deeptech companies building actual technology. It's not a fund. I anchor every deal with my own capital, then invite co-investors in on the same terms. WATCH NEXT https://youtu.be/cpWzykOSOZ0?si=rltuLyAHZdkKPaFs