Chris Gillings: Cut Through Venture Q3 2024 Report

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Tribe Global Ventures

Investing, Business:investing, Business, Entrepreneurship

5 • 1 Ratings

🗓️ 27 October 2024

⏱️ 24 minutes

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Summary

Today we are joined by Chris Gillings, founder of Cut Through Venture and part of the Venture Capital investment team an Five V Capital. Chris talk to us about key aspects of the Q3 2024 Australia Venture Capital Funding report which you can access here. The report is a data-driven analysis of Australia’s venture capital ecosystem, released quarterly to inform investors, founders, and the wider startup community about current market trends and dynamics. The report compiles comprehensive data on investment volumes, sector-specific trends, funding sources, and investor sentiment. This quarterly update helps track the flow of capital into startups, shifts in sector popularity, and emerging areas of opportunity and challenge within the startup landscape. https://www.cutthrough.com/

Transcript

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0:00.0	Hi, Chris, how are you? Thanks for joining us today.
0:12.9	Great to be here.
0:14.3	Thanks, Chris.
0:15.0	For the listeners at home, Chris is the founder of Cutthrough Venture.
0:18.8	We've had Chris on before, and we're going to go through
0:21.7	to today's Q3, 2024 report that's just been released. This isn't a substitute for actually
0:28.9	going through the report, so we're going to assume either it's red or is going to be read
0:34.4	and just call out a few key bits. I think one of the big ones is that
0:38.4	some of the media attention has been that total funding is down and that that is definitely
0:42.9	one message. But number of deals is up. And I think that's, that's actually a good thing.
0:47.3	What's what did you take away from the data, Chris? Yeah, look, the headline number in terms of
0:52.9	funding gets influenced by a couple of deals
0:56.2	in any given quarter.
0:58.2	And so when we first started cut through, we were doing a monthly readout, and that was
1:03.1	during the boom period of 21.
1:05.4	And there were in some months 150 deals getting announced.
1:08.8	But even then, the months where there was an Air Wallach
1:11.7	deal or a Canva deal announced, those were the boom, boom months. I think now that we've moved
1:17.3	to a quarterly, that is a little smoother. But if you look at last quarter, so Q2, it was a real
1:23.8	bounce back in the total of total funding. but that was driven by a handful of very
1:29.5	large deals and this year, this quarter, I should say, those just weren't there. So there
1:35.2	were no deals over $100 million announced. There was only a very small handful over 50.
	...

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