Tribe Talkin Ep 29: Employment Hero V Hostplus. Female Founder Grants & Ecosystem Support Resources. Dovetail Turnover & Churn. PWC Shrinking. Canva Juggernaut. Macro Charts.

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Tribe Global Ventures

Investing, Business:investing, Business, Entrepreneurship

5 • 1 Ratings

🗓️ 14 March 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Tribe Talkin': More reflections from Southstart. Event with Vu Tran of Go1. Employment Hero V Hostplus. Hostplus calls for CEO's head. (AFR: Tess Bennett, Lucy Dean & Nick Bonyhady) New female founder grants in South Australia. Resources for addressing sexism, harassment, and bullying put together by Elaine Stead. US and European data for female funding. What are the chances your startup gets bought? Not high. Dovetail "struggling" with staff turnover and churn. (AFR: Jessica Sier) PWC cutting more people. The death spiral of professional services cutting staff. (AFR: Paul Smith and Edmund Tadros). Canva reaches 60% growth. Will the Canva secondary sale give rise to the "Canva Cartel"? (Capital Brief: Dan Van Boom) Selling a business for $500 Mil and the founders getting almost nothing. Statistics on VC's getting a 2nd, 3rd and 4th fund. Smaller funds have the best returns. TVPI= Theoretical Value, Possibly Imagined Macro/ Market charts [email protected]

Transcript

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0:00.0	Podcast Day.
0:11.0	Best day of the week. What do we get into?
0:14.0	We kicked off talking about International Women's Day and some funding that was announced,
0:18.7	different programs out of South Australia and Queensland,
0:21.6	and then also looking at some of the investment data that's come out recently on
0:24.9	International Women's Day. Yeah, and a big shout out to the women in our lives that make
0:29.1	this all possible. And we'd also then gone back to the prior episode and just talked about
0:34.5	what has happened with Host Plus an employment hero.
0:43.2	Because boy, that's escalated quickly with Host Plus calling for the ousting of the CEO, Ben.
0:49.0	Yeah, makes it a really difficult situation for Airtree, who is well and truly caught in the middle of this.
0:49.8	Yeah, absolutely.
0:55.0	And then we talked about the statistics or the probabilities of your startup getting acquired based on different stages and it peaks at Series B it turns out.
0:59.0	That is interesting.
1:00.0	There was an article out during the week on Dovetail and some of the things happening inside Dovetail
1:05.0	around senior people leaving, co-founder leaving and some churn that's happening.
1:10.0	And we gave some perspectives from the
1:12.5	outside on that and another company having some people related issues is a PWC and they're
1:18.8	doing another cut and we shared some experiences from previous lives and our suggestion of
1:24.1	handling that kind of situation and this segueed into a discussion on Canva
1:28.6	who just continues to outperform and continues to grow at such a great rate despite the size of the
1:34.2	company and we discussed their oversubscribed secondary sale which led into us talking about whether
1:39.8	there'll be a Canva cartel equivalent to the PayPal Mafia and we'll see more spinouts come out of that.
	...

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