VC Venture capital firms in Poland typically fall into one of three types: standard commonly defined VC firms, public-private partnerships, including VC firms set up with grants or other capital instruments from state agencies, and family office-led firms, with high-net-worth individuals as a majority LP. Market size 130 venture capital funds currently operate in Poland, 40 per cent more than in 2017, and the number is still growing. The estimated total volume of all venture capital investments in Poland in 2016 was . In 2017, it dropped to , and in 2018 venture capital funds invested in Polish start-ups (0.033 percent of GDP), which is 0.847% of 2018's value of the VC market in Europe, amounting to . As of March 2019, the total value of the investment of the Polish VC market is already worth . In the first quarter of 2019, Polish startups carried out 21 transactions for a total amount of PLN 103.3M (). VC funds in Poland manage assets of , which gives an average of per fund. However, the funds above this amount have only 23% of funds. However, in recent years, the Polish industry has focused the most on obtaining state funds for innovation. Since 2017, 59 contracts with funds have been signed as part of the Bridge Alfa program of the National Center for Research and Development and the Polish Development Fund. However, the Polish VC industry is slowly becoming independent from state and EU funds. For the first time, there were funds that carried out the second or third round of financing, but without the participation of state funds. Still, however, 52 percent. funds available on the market comes from the state. In addition, 56 percent Polish VCs are debutantes in the industry, mostly using government support. Cooperation of Polish startups and investors Venture capital is an example of the so-called smart money, a form of investment that apart from capital also includes mentoring and consulting. An investor paying to become a shareholder of the enterprise, supports it with his knowledge and experience, and helps it develop, which itself is sometimes much more desirable than financing itself. According to the Startup Poland study, aside from the help in the preparation of subsequent funding rounds, startups most often need the investors to introduce them to industry contacts and business mentoring. However, due to the inexperience of fund managers in the most important areas