Founder Focus Ep 14: Wayne Gerard- QLD Chief Entrepreneur, Co-founder of Redeye, Founder of Prtnr Ventures.

Transparent Venture Capital by Tribe Global Ventures

Tribe Global Ventures

Investing, Business:investing, Business, Entrepreneurship

5 • 1 Ratings

🗓️ 26 July 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this great episode of Founder Focus, we are joined by Wayne Gerard. Wayne is the Co-Founder and former CEO of Redeye, a cloud-based Engineering Drawing Management System that enables organisations to securely store, markup, and collaborate on engineering drawings and documents from any device. Redeye was acquired by Accruent. Accruent is a global provider of solutions for unifying the built environment.Wayne founded Prtnr Ventures (pronounced Partner) is an investment and advisory company focused on creating a sustainable and vibrant future. Prtnr invests in climatetech and healthtech to enhance the health and longevity of our planet and people.Whilst CEO of Redeye, Wayne appointed as Queensland’s 4th Chief Entrepreneur and worked tirelessly to support entrepreneurship throughout QLD. In 2015, Wayne was named Queensland Entrepreneur of the Year. Wayne has also been a serving member on several boards, including StartUpAus and the Premier’s Business Advisory Council.Wayne is authentic and deeply honest of the ups and down of the Redeye journey, and there are many lessons for entrepreneurs and investors in this episode. Wayne give so much to the QLD innovation ecosystem, and we appreciate the time he spent with us. [email protected]

Transcript

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0:00.0	I've been an amazing wife.
0:11.0	At the time I had very young kids and we were all in on Red Eye.
0:15.0	Our house had been flooded a year before in the 2011 floods and we decided to build red-eye to create a future or an economic
0:22.5	future for us that was sustainable.
0:25.1	I literally raised our seed round in December 13 and then packed a bag in January 14 and went
0:33.4	to the US for five months.
0:35.3	Getting on trade missions is I think one of the best strategies that you can do as a founder.
0:41.3	Open doors and get access to people that you just would not normally get access to.
0:47.3	I've had a couple of occasions over the journey of Red Eye where you get to the end of the year
0:51.3	and you've been going so damn hard that you just have no fuel left in the tank.
1:04.9	Wayne, thanks heaps for joining us for the podcast.
1:07.4	Super excited and pumped to have you on the show and appreciate your time today.
1:10.9	Aaron and Don, it's super great to be here. So thanks for having you.
1:14.4	Matt, I think we've got a kick off with the big news that you've recently shared with the exit
1:18.9	and the Red Eye acquisition. It's pretty exciting. It started Red Eye in 2012 and wanted to
1:24.9	solve the problem that we saw in the engineering mining sector.
1:28.3	It was a long journey, grew that business globally.
1:31.3	And along the way, we had a bunch of companies come to us and say, hey, we like what you're doing.
1:37.3	Let's start a conversation about potentially acquiring you.
1:41.3	And it was early and often too early. And Accruent came a couple of
1:46.4	times knocking and it wasn't the right time. And I guess early last year, they were in, they were
1:52.5	dealing with one of our investors and they said, hey, we really read out. Let's have a conversation.
	...

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