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Transparent Venture Capital by Tribe Global Ventures

Tribe Talkin' Ep 33: Why Companies Die. What VC's Really Mean. SaaS Growth Slows. Canva $ Hit. GoCatch Wasn't Exactly Doing Well. Charts.

Transparent Venture Capital by Tribe Global Ventures

Tribe Global Ventures

Investing, Business:investing, Business, Entrepreneurship

51 Ratings

🗓️ 11 April 2024

⏱️ 58 minutes

🧾️ Download transcript

Summary

In this episode of Tribe Talkin': GoCatch v Uber First day in court  GoCatch faces questions  GoCatch had actually lost 90% of users by the time UberX came. Canva money hits bank accounts.  SaaS growth continues to slow.  The "Tech Winter" is persisting. Quantum of capital is different at different stages   What VC's really mean when they talk about "need to see traction".  Why do companies die?  Charts [email protected]

Transcript

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0:00.0

Look at the smirk on your face.

0:12.5

Go on down do it.

0:14.3

Look, the life of a startup founder can be very hairy.

0:18.2

Keep going.

0:19.8

Which, as we found out today, is about to be the complete opposite of Jack's head.

0:23.4

That is, hang on. The listeners at home, this is the episode we have to watch a YouTube channel

0:27.9

to see Jack's last appearance with hair. Yeah. Next Wednesday I'll be rocking your hair cut,

0:33.8

so be prepared. We recapped on the Go Catch versusatch versus Uber saga, I think would be the way to

0:39.2

describe it. It's been really interesting. I think there's been three or four days in court since we

0:43.2

last caught up. And we unpacked some of those issues. Yeah, it's going to be one. I'm sure we're

0:47.1

talking about more in the coming weeks. And then we celebrated the Canva secondary close with the

0:51.9

news that the 800 mil is flowing back into the ecosystem.

0:55.0

Then we touched on some SaaS growth rates and just discuss some of the top quartile percentage growth.

1:00.0

Which led into a chat about the tech winter, so looking at the latest data from cut through ventures,

1:05.0

showing that the Australian startups raised much less capital last quarter than the previous quarter.

1:10.0

Yeah, and there was some data from

1:11.8

Carter that supported that theme overall, but the Carter data goes a little bit deeper and it's not

1:17.1

the same for everyone and all stages of the life cycles. We then discussed and unpacked an article

1:22.3

by Casey Flint, who's a senior associate with Square Peg. And that article was, a VC explains the difference between what they say

1:29.3

and what they actually mean when talking about traction.

1:32.3

And we then went a little bit further just in terms of what we mean in general.

1:36.7

And often we're still trying to work that out.

...

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