Transparent VC by Tribe Global Ventures

Tribe Talkin’ Ep 17: Death by AI, changes to cold email, CAC is rising, the fastest growing companies, the difference between first time and experienced founders.

In this weeks episode of Tribe Talkin':
It was alleged Sam Altman's dismissal was due to "Q*" achieving true artificial general intelligence (AGI) capabilities. 
An interesting break down of an alleged letter sent to the board describing the AGI discovery. 
It's funny because its true: how some VC's are approaching AI. 
Edrolo and other EdTech being affected by AI. 
Changes coming to your ability to send "cold" email. 
Cost to acquire customers (CAC) is rising, although some companies like Datadog and Monday.com are hitting it out of the park. 
Canva continue to lead in lead up to IPO. 
AFR top 100 fastest growing companies list is released. 
"First time founders concentrate on product, second time founders concentrate on distribution". 
The lines blurring between VC and PE. 
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Investor Focus Ep 2: Adrian Di Marco- A master class in early stage investing from a $5Bill journey

Today's Investor Focus guest is Adrian Di Marco, Founder of Technology One which is listed on the ASX  with a market cap of approximately $5billion.
Adrian was our guest for our Founder Focus Ep 3 where we discussed his journey founding and turning Technology One into one of Australia’s most successful tech companies, that has produced record revenues and profits for an impressive 14 years in a row.
Since retiring from Technology One, Adrian focuses his energy towards the Di Marco Family Office, which invests in public markets, alternative investments, and a growing venture capital portfolio which currently sits at more than 40 investments.
As an investor and mentor to early stage Founders, Adrian brings many of the lessons and structures that helped turn Tech One into the $5billion powerhouse it is today.
This episode goes deeper into early-stage investment related ideas such as:
Board reporting and ideas on what the first one or two pages of every board report should look like.
Founder accountability.
Creating a culture of simplicity when communicating ideas and making decisions.
Reviewing people, process, structure, and strategy when things aren’t going as forecast.
We talk pricing and when to discount and when not to.
Remuneration and incentive structures.
The difference between leadership and management, and fostering both within an organisation.
What Adrian looks for in a Founder and an investment. 
And much more
This episode is a real master class for founders and investors and we hope you find these ideas useful.
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Founder Focus Ep 10: Katherine McConnell of Brighte, raising $145Mil in equity and $1Bil in debt.

Today’s Founder Focus Guest is Katherine McConnell of Brighte, Australia’s leader in solar finance and one-stop-shop for sustainable upgrade solutions. 
Katherine talks about the conditions that lead her to start Brighte, and the ingredients professionally and personally that drove it to happen. 
Katherine has raised $145Mil in equity from investors such as Grok Ventures, the investment company of Mike and Anni Cannon-Brookes, Kim Jackson and Scott Farquhar’s Skip Capital, AirTree Ventures and Singapore Venture Capital firm Qualgro. Kim talks through this process and working with venture capital in general. 
In addition to the equity raised, Katherine and her team have issued $1Bil in debt financing for clean energy loans for solar and battery technology. 
It has not all been easy sailing, and Katherine talks through her approach to leadership and creating a culture that can rapidly adjust and change. 
Success leaves clues, and we think there is a lot here for founders and investors to apply to their own companies and investments from this episode. 
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Tribe Talkin’ Ep 16: Open, then closed, then Open-again-AI lessons, dysfunctional boards + local tech news

This weeks episode:
The OpenAI board and CEO debacle.
20VC episode with Des Traynor, Co-Founder of Intercom.
Australia’s place on the global innovation map.
Australia’s tech unicorns are defying the global odds.
Technology One’s full-year profits up 16%.
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Tribe Talkin’ Ep 15: Resourcefulness, best in class SaaS metrics, VC valuations

This this weeks episode of Tribe Talkin' Ep 15: 
Reflections from the recent Tribe Scale-Up Offsite
Scooter company Bird delisted from NYSE after stock collapse 
The software industry's productivity boom: Analysing revenue per Employee Trends 
Openview Partners SaaS metrics report
Pitchbook US VC valuations
Who's building ANZ's unicorns? First-time founders or serial entrepreneurs?
Amputations, death: What it’s really like to work for Musk’s SpaceX
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Tribe Talkin’ Ep 14: The pattern connecting FTX, WeWork and F45 gym’s failure

In this week's episode of Tribe Talkin': 
Sam Bankman-Fried being found guilty in his fraud trail as part of the FTX collapse.
Investor due-diligence and post investment safeguards. 
WeWork about to declare bankruptcy. Capital Brief article here. 
F45 gym chain to leave the NYSE after their shares have fallen 99.7%. 
Apart from being spectacular failures for shareholders and customers, the other pattern that ties FTX, WeWork and F45 together. 
Australia’s biggest weight loss drug selling start-up, Eucalyptus and their growing pains. Capital Brief article here. 
Where do unicorns come from? A study by Endeavour on founder pathways prior to creating unicorns. Study can be found here. 
Airwallex, Employment Hero show the fintech freeze is thawing in Australia. Capital Brief article here. 
The $31 million Greenhouse climate tech hub has opened in Sydney’s newest skyscraper, Salesforce Tower. Startupdaily article here. 
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Investor Focus Ep 1: Adrian Bunter- Corporate Advisor, Angel Investor & Non-exec Director

Today's Investor Focus guest is Adrian Bunter. 
Adrian started life at PwC as an accountant and got exposure to the private client sector in the mid 90’s which meant he had a front row seat to the dot.com rise and then subsequent crash. This gave him the opportunity to see the future of the internet. An early member of Sydney Angels, Adrian loved working with high growth companies doing clever things to change the world - the David versus Goliath battles as he puts it. Adrian has been on the board of Employment Hero for over 10 years. This company recently raised $263million to fund growth. 
The episode talks about how Adrian works to support founders as an investor in their growth phase, gut feel in investing, resilience in founders, analysing investment opportunities, managing angle syndicates, portfolio approach to early stage investing and much more.
I’ve had the pleasure of serving on an early-stage board with Adrian, and his ability to provide an analytical view alongside an entrepreneurial gut feel provides significant value to the entrepreneurs he invests in and works with. 
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Tribe Talkin’ Ep 13: Response to Sam Joel of GiveTree’s apology and resignation

Normally Tribe Talkin' discusses a range of news items sharing our view. But this episode will be focused just on one issue and separated from any other new items. On Saturday 4th of November 2023 by Sam Joel, founder and CEO  against Elaine Stead, Hannah Moreno, Trenna Probert and others.
Whilst Elaine, Hannah and Trenna are friends of Tribe, this type of behaviour is unfortunately not unique, and sadly experienced daily by experienced by women in many geographies in many industries.
As such we use this time to do a short recap of what happened, point you in the direction if you want to find out more, and how we are thinking about the steps we will take to create what we consider to be a basic right: the ability to turn up without being harassed or assaulted.
You will see we don’t have all the answers, and there may be parts we have not expressed as well as we could. We see this as an ongoing process of iteration, and hope others will put forward what they will do to help improve basic standards.
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