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Transparent Venture Capital by Tribe Global Ventures

Tribe Talkin' Ep 31: Breakthrough Vic. Shutdowns. Write-Downs. VC Co's Confident Underachievers? Square Peg Returns. M&A Canva. IPO Market. AI. Charts.

Transparent Venture Capital by Tribe Global Ventures

Tribe Global Ventures

Investing, Business:investing, Business, Entrepreneurship

5 • 1 Ratings

🗓️ 27 March 2024

⏱️ 64 minutes

🧾️ Download transcript

Summary

In this weeks episode:   Our upcoming DeepdiveMcDeepDiveFace episode on Go-To-Market Strategy. Tech Council of Australia report.  Startup shut downs rise.  Investors in Baraja have written down their stakes to zero (Nick Bonyhady).  Blackbird write-downs and write-ups in portfolio(Jessica Sier). Are VC backed companies just overconfident underachievers? Breakthrough Victoria: our thoughts on if it should exist.  Main Sequence is not Breakthrough Victoria (Nick Bonyhady).  Deep tech incubator Cicada Innovations launches Cicada x Tech23(Startup Daily).  Square Peg's amazing returns to investors (Hugo Mathers). Culture Amp acquisition of Orgnostic (Hugo Mathers). Canva has acquired UK creative software suite Affinit (Jassmyn Goh). Reddit & Truth Social IPO's Nvidia launches new products (Paul Smith and John Davidson). Technology differentiation going to zero.  The singularity arriving 2029. OpenAI needs some media training.  Charts [email protected]

Transcript

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0:00.0

Another episode where we didn't get to everything on the show notes because it was just so much to talk about.

0:14.3

Yeah, but we kicked off talking about our new segment, which for a better, want for a better name, deep dive, deep dive face.

0:22.8

We touched on our first sort of content, which will be coming out around the go-to market strategy and sales funnel.

0:26.9

Yeah, we'd love any feedback from listeners for our high-level thoughts and any topics

0:32.3

you'd like us to discuss.

0:34.4

Yeah, and then we jumped into Tech Council of Australia, released a report at South

0:39.0

Start, and that goes into Australian tech roles, it goes into the regulatory system, and it looks

0:44.8

at talent. So we go deeper into that, and that flows into some other data just out of Carter

0:51.1

around the continued rise of startups that are shutting down.

0:56.0

And it's not just shutdowns. We also talked about valuation write downs after a couple of

1:00.4

articles, particularly talking about Blackbird writing down some of their portfolio while others

1:05.3

were written up in their value. And then we spoke about a LinkedIn article discussing our VC-backed companies just

1:13.2

underachievers. And we gave some thoughts around that. Yeah, not triggered much at all. And that

1:19.3

let us into Breakthrough Victoria, which is under a lot of pressure in the media. And we give our

1:24.2

thoughts as to whether Breakthrough Victoria should exist or not.

1:27.5

Which also led into a bit of a chat about main sequence and some commentary about whether

1:32.6

taxpayer funds should have already been returned and we touched on deep tech and the event horizon

1:37.3

for investments in that space.

1:38.8

We then touched on Square Peg, which discussed some of the fantastic returns. Crossing the billion dollars returned

1:46.2

to LPs, which is amazing. And we then discussed the companies are starting to buy other companies.

1:51.5

There's a whole lot of M&A occurring, including Culture Amp and Canva. And then the IPO of Reddit

1:57.5

and how this might be the start of some positive times in the IPO market.

...

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