Pari Passu Venture Partners

I am so pleased to announce that Carro - Distributed Commerce has acquired Modern Dropship (formerly Convictional)! This move brings together two incredible teams and platforms that will create the world’s largest product catalog and brand network in distributed commerce. Carro’s offering will now include 5,000,000 products! We are excited to welcome amazing brands like Steve Madden, Brooklinen, Princess Polly, Chomps, Equinox, Dr Squatch, Laura Mercier, True Classic, Anastasia Beverly Hills, Mejuri, Beekeeper’s Naturals, Brightland, Public Goods, Pedal Electric, Playboy, Zippo, Barbie, American Girl, Olaplex, Caraway, Hot Wheels, WWE, Goli Nutrition, Star Wars, RMS Beauty, Dagne Dover, Obvi, Sunday Riley, Love Shack Fancy, Marathon Sports, Apotheke, Psycho Bunny, Ice Barrel, and thousands and thousands more. With this acquisition, Carro users will also gain access to a new suite of ecommerce integrations including Shopify, API, WooCommerce, EDI, BigCommerce, Adobe Commerce, SFTP, and CSV. Carro will also become truly global, supporting both brands and retailers in the United States, Canada, the United Kingdom, Belgium, Australia, France, Hong Kong, Switzerland, China, Spain, the Netherlands, Germany, Ireland, Denmark, Poland, and many other countries. Looking back at 2024 and ahead into 2025, this marks a new chapter for Carro as we use our enormous brand network and product catalog, paired with our enterprise-grade feature set and international presence to take a curated, merchandising-first approach to distributed commerce. Lastly, I am thrilled to announce that Carro’s GMV run-rate has grown a staggering 1520% over the last year! It’s insane to think that we now power hundreds of millions of dollars worth of transactions annually. I feel so lucky to work with our team each and every day, and I am excited to welcome team members from Modern Dropship to Carro! Thank you to our employees, customers, and investors for their support! Cheers. You can read more here: https://lnkd.in/gCkuuabS

Startups on Carta raised 4,611 pre-seed rounds during the third quarter of 2024. About 88% of these rounds were SAFEs, and just 12% were convertible notes. The SAFE—Simple Agreement for Future Equity—has only existed as a fundraising mechanism since 2013. But already, it’s become the dominant mechanism used by early-stage companies to raise capital at the earliest stages. SAFEs haven't only surpassed convertible notes in popularity. For smaller seed investments, SAFEs are now also more common than priced equity rounds, too. As you can see in the chart below, more than 75% of all priced seed investments in the past year smaller than $1 million were structured as SAFEs. “SAFEs are so much more common than they were 10 years ago,” Julia Gudish Krieger of Pari Passu Ventures told me for a recent story looking at the SAFE takeover. “I think it’s become the standard for pre-seed and seed in many ways, unless you’re doing a really sizable seed.” A big thank you to Julia for taking the time share her expert view on the early-stage scene for this one. Link to the full story down in the comments!

Not all investors are equal, and not all money is the same. Some #venturecapital comes with expertise and deep connections to potential team members and customers. Other venture money… is just money. Investors who have actually built companies themselves always offer more value to startups and emerging growth companies because they bring empathy, experience, and a deeper understanding of founders' challenges. Listen to Wings of Inspired Business #podcast to learn what it takes to raise money for a #startup, why the best #investors have operational startup experience, and why it’s vital that more women founders pay it forward by investing in other women to have influence over the companies of the future. >> Listen link: https://bit.ly/Wings911 Julia Gudish Krieger is an experienced venture investor and startup founder who has co-created an innovative new funding model with Pari Passu Venture Partners. PariPassu is a private investor app that gives fellow founders, operators, and accredited investors access to angel investment in the most highly competitive deals in the venture ecosystem and be a part of the village that helps these founders succeed. Founder-led and founder-backed, it focuses on early-stage investments in e-commerce, SaaS, and consumer tech. It has backed some 19 companies to date. Previously Julia founded and ran VillageLuxe, a venture-backed peer-to-peer luxury rental marketplace, for which she was awarded the Forbes 30 Under 30 accolade. She was also an investor at Insight Partners, investing over $100M in SaaS and marketplace companies globally. 🔑Key Takeaways🔑 👥 🌱 It Takes a Village: Learn how Pari Passu reinvents venture capital with a community-centric investment platform that allows investors to choose deals they want to back, with no membership fees or fixed commitments, fostering a collaborative and supportive environment for both investors and founders. ❤️💭Why Humility Wins in Entrepreneurship: Learn how to balance perseverance with the openness to feedback, and why admitting what you don't know and seeking help is your secret weapon for growth and investment. 🚀🔥Why Founders Make the Best Investors: Why investment is more than just the money. Learn why the best VCs are those with startup and executive experience able to help founders address challenges and build relationships. 👩🔬 💰Women Investing in Women: Learn how Pari Passu enables investment in strong startups with minimum investments as low as $10,000 and the chance to pick the companies of the future. ✨ 🛠️ Flow Vs Force: The power of creating and innovating from a place of humility and flow for balance, efficiency and community support, plus how to integrate motherhood into entrepreneurship. Create and share clips of your favorite moments of this or any other podcast and join the conversation on Podopolo. #liftasweclimb #femalefounders #womenentrepreneurs #entrepreneurship #vc #investing #womeninVC

I had the pleasure of hosting Julia Gudish Krieger on VC10X🎙️ Julia is a Managing Partner at Pari-Passu Venture Partners. Julia is an experienced venture capital investor and technology start up founder. Previously Julia was an investor at Insight Partners, where she invested over $100M in marketplace and SaaS companies globally. In this episode we talk about - - The investment thesis at Pari-Passu Venture Partners - How the Pari-Passu investor app enables accredited investors to get access to top deals - What does it take for a startup to succeed - How the Pari-Passu network helps portfolio companies succeed - One thing Julia would like to change about venture capital & lots more Catch the full episode on 'VC10X' YouTube, Spotify, Apple Podcasts. #venturecapital #accreditedinvestors

🚀 New Episode of the CEO Podcast Featuring Julia Gudish-Krieger! 🚀 Clint Betts sits down with Julia Gudish Krieger, Managing Partner at Pari Passu Venture Partners, for an insightful conversation on the latest episode of the CEO Podcast. 🎙️ Julia is a standout leader, investor, and entrepreneur, redefining venture capital with a fresh approach that focuses on founder support and creating value beyond just capital. In this episode, Julia shares: ✨ Her journey from starting in VC to building Pari Passu Venture Partners ✨ How her firm curates a unique community of founders and operators to back early-stage companies ✨ The power of having experienced investors who’ve been in the trenches and can offer real-world advice ✨ Julia’s insights on the future of venture capital, the importance of authentic support, and building impactful communities are a must-listen for anyone in the startup world. 🎧 Listen now to hear Julia’s game-changing vision: https://lnkd.in/gSnxMR-Y

🎉 BIG ANNOUNCEMENT 🎉 Heatmap raised a $4m Seed Round!! Read along, promise it’s worth it. Here’s how we raised, why we did, and the HUGE vision for Heatmap. Here are the incredible partners who believed in us: Eric Reiner, founder of Vine Ventures led the round. Mara Chaben Erik Huberman (Hawke Ventures) Gary Benerofe (Mu Ventures), Julia Gudish Krieger (Pari Passu), Stew Bradley & Kunal Tandon (El Cap), Codie A. Sanchez (Contrarian Capital), and Nik Sharma. We’re announcing 11 NEW FEATURES to make heatmap the only solution to TELL YOU how to make more money from your website. Other tools give general tips or “AI templates” but we’ve got 8 trillion data points backing heatmapAI recommendations. These are data-backed AI insights, exclusive to your website, as simple as Jira tickets you can hand to your developers. It took 18 months, a team of 30+ developers, but we did it. A little hippie, but I feel I was put on this earth for this algorithm. I started building Heatmap while I was running SplitTesting.com. I had a screenshot and asked my now CTO if this tech was even feasible. He said likely no, but we’d try. 2 tech patents, 18 months, and now a team of 50, we’re a thriving company. First, I bootstrapped. $100k turned to $500k. Before I knew it, I put in $1.2 million of my own money. The switch to SaaS has been more challenging, humbling, and thrilling than I ever imagined. I never thought I’d raise money for ANY company. I’m scrappy and capital-efficient. I always make things work with small budgets, but the vision is too large now. I raised a $1m pre-seed in 2 weeks. NO PITCH DECK, a barely working MVP, and 2 LOOMS. Shout out to some Day 1s: Samuel Thompson 🥽, Stephen Olmon, Allan Porter, Contrarian Thinking Capital, Oliver Kenyon, Dan Pantelo, Andy Haskins, Power One, too many for a post. I thought my $1.2m and their $1m would do it… Nope. This $4m will be used for 3 major things: Growing the marketing team Hiring for engineering and ML Allow us to take “big swings” Shout out to our founding team members, CMO Chase Mohseni and CTO Kenn Palm for believing in a crazy vision before a single customer. I never had the vision to be #2 in the space. To beat a $10B incumbent, we needed the best of the best investors, and we got them. I’ve been a CRO for almost 10 years now. HeatmapAI means giving tens of thousands of brands the insights I’ve uncovered, optimizing billions in revenue. It won’t be perfect on day 1, but for every new customer, WE (I mean you and I, together) get more data to make our insights more impactful. The more we have, the more money we can make together. Your website optimization is the missing piece, I promise. All this to say… Come join us at Heatmap.com. We’re 70% cheaper than the industry leader. We’re also the only solution that shows revenue on every element on your site. Wednesday we’re launching 11 NEW FEATURES. Share, comment, like, send to your grandma. GET STOKED! (grandmas love us btw)

Raising capital in 2024? Deploying capital? Either way, my conversation with Julia Gudish Krieger offered a treasure trove of insights on the topic. Find a short article here with key take-aways from the discussion as well as a link to the entire conversation. 🎙