Phillip Aubrey

Calling all #Founders: Venture Capital Association of Alberta (VCAA)’s Deal Flow Calls represent a great opportunity for #PreSeed to #SeriesA companies to gain exposure to some of the countries most active Venture Capital #investors. If your company is raising equity capital, I strongly encourage you to check out the link below!

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A new era of deep tech has emerged. First time funds will raise “unheard of” amounts of capital to fuel next gen deep tech startups - producing outsized, superior returns for LP’s compared to the rest. Prudent investors will act on this data and shift investment strategy as LP’s or risk being left behind savvy wealth managers and CIO’s / FO’s who saw this trend begin 4 years ago.

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In the world of VC, people are everything! I sat down with the legendary Lily Lyman, General Partner at Underscore VC to talk about all things people. How do you pick the right founders? How do you find the right VCs to join your investment team? How do you choose the right business partners? Find out on episode 014 of New to Venture! Here are some key takeaways from our conversation: - “Choose the professor, not the class.” Surround yourself with great managers and people you are excited to learn from. - Attitude, Aptitude, Ability. In that order, focus on sharpening and displaying these attributes. - Prioritization of time is the most difficult aspect of being a VC. Say “yes” often enough to put yourself in the path of serendipity and luck, but also have a hypothesis on which people and which relationships may be the most valuable/helpful. Additionally, saying “no” and setting boundaries on your time commands respect. Listen on Spotify: https://lnkd.in/e27pmzvd Listen on Apple Podcasts: https://lnkd.in/eJR9teX3 #NewtoVenture #VentureCapital #Startups #VC #CEO #Business #Investing #recruiting #networking 

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Summary: Industry Ventures has raised a $900 million early-stage hybrid fund for investing in emerging managers and directly backing growth-stage companies. This is their seventh hybrid fund and is larger than their previous one. The fund will be split between backing VC funds, direct investments, and acquiring stakes from emerging managers. Key takeaways: Smaller, newer funds are finding it more difficult to raise capital, but this fund from Industry Ventures offers hope for emerging managers. The fund will be split between various investments, including backing VC funds and buying secondary interests. Industry Ventures may have an advantage due to their ability to invest in both emerging and more established managers. Counter arguments: Some may argue that it is still difficult for emerging managers to raise funds. The success of Industry Ventures may not be indicative of the overall climate for emerging managers. #venturecapital #venture #startups #fundraising

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Such a valuable framework for early-stage founders.

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Excited to share that BoldCap has launched Bracket, our GTM community built for early-stage AI founders. 🎉 We’ve partnered with some of the top minds in GTM from companies like Retool, Clari, and Hubspot to help founders navigate the tough early days of building and scaling. Huge shoutout to Sathya Nellore Sampat and Aditi Gera for making this happen! If you’re working on something in AI, this is the community you’ll want to be part of. Let’s build the future together. 🚀 More in the exclusive coverage linked below. Sathya Nellore Sampat | Aditi Gera | Pratham Chadha | Shiv Tayal

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🌟Innovative VC Firm Overcomes Exits Drought with Secondary Sales🌟 ⛵Navigating a challenging landscape where exits are scarce, Santa Barbara Venture Partners (SBVP) has pioneered a novel approach to sustain its growth and attract investors for its second fund: secondary sales. Instead of waiting for traditional exits like IPOs or acquisitions, SBVP opted to sell shares of its portfolio companies, demonstrating its ability to generate returns for investors and stand out in a competitive market. 🎤According to Dan Engel, founder and managing partner of SBVP, these secondary transactions have been a game-changer, sparking investor interest and bolstering the firm's credibility. By leveraging its recent successes, including a lucrative stake in sports-betting company DraftKings Inc.' acquisition of digital lottery app Jackpocket, SBVP seized the opportunity to return profits to its limited partners (LPs) and pave the way for its second fund. 💡Engel highlighted the challenges faced by young VC firms in raising subsequent funds, particularly amid a downturn in exit activity and heightened investor scrutiny. With traditional exit routes becoming increasingly elusive, the pressure is on for firms to demonstrate tangible returns and establish a track record of success. ✨"For us, secondary sales have been a game-changer. They've helped us return profits to our LPs and attract investors for our second fund," said Dan Engel. 💰For SBVP, the decision to pursue secondary sales was driven by the need to provide liquidity to LPs and validate its investment thesis in the eyes of prospective investors. By strategically offloading portions of its holdings in high-performing portfolio companies like Bark Technologies and Rad AI, SBVP not only generated substantial returns but also bolstered investor confidence in its ability to deliver results. ⚠Despite the complexities and potential stigma associated with early share sales, Engel emphasized the importance of prioritizing investor returns and seizing opportunities to unlock value for stakeholders. With a focus on profitability and transparency, SBVP remains committed to its mission of delivering sustainable growth and maximizing returns for its LPs. 🔍 "Returning profits to our investors is our top priority. By strategically selling shares, we're proving our commitment to delivering results and driving value for our stakeholders," added Engel. As SBVP continues to explore secondary transactions and expand its investor base, the firm stands as a testament to innovation and resilience in the face of market challenges. 🚀 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VCInnovation #SecondarySalesSuccess #InvestorReturns #ValueCreation 

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Seattle's startup scene is growing, but it’s clear we have some work to do. That was a main takeaway from our panel discussion last week featuring venture capitalists from top-tier firms including Brentt Baltimore of Greycroft, Victoria Treyger of Felicis, and Sunil Nagaraj of Ubiquity Ventures, moderated by Kirby Winfield. Their goal: analyze Seattle's startup landscape from an outsider’s perspective with active Seattle investments. They see a city rich in technical talent but with several missing pieces. Go-to-market strategies often lag behind technical capabilities; capital is available, but frequently from outside the region; and stronger community cohesion is needed to bridge incumbent tech leaders with founder types. I transcribed and edited our panel last week "Valley VCs 💗 Seattle Startups." https://lnkd.in/ggchXW4B

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A VC with No BS? A VC that has made over 2000 early stage investments? A VC that can make investment decisions in just 3 days? Just the facts. The Tank Talks Podcast gets the inside scoop with Right Side Capital Management's Dave Lambert.

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✨ Breaking: Humba Ventures Announces New Fund.- Humba Ventures Humba Ventures, the sister firm to Susa Ventures, has raised a $40 million fund to invest in deep tech and defense tech startups. The fund targets companies often working with the U.S. government and accepts funding primarily from countries such as the U.S., U.K., New Zealand, Australia, and Canada. Humba Ventures supports startups at various stages, focusing on technological viability and team capability to drive innovation in critical sectors. https://humbaventures.com/ Please share to let other #Founders know For the ❤️ of Startups #Fusion42 #Startups #Venturecapital

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Want to build wealth faster? Skip startups. Buy Boring Old Businesses. Here’s why: 1. They’re already making money. 2. They come with customers, systems, and momentum. 3. They’re undervalued – 2.5x profits is standard. 4. SBA loans or seller financing make them accessible. 5. Easy profit boosters: raise prices or add new products. 6. They’re easier to scale than startups. Startups fail 65% of the time within the first 5 years. But "boring" businesses? They’re built to last. Don’t build from scratch. Buy something proven. If you could buy a "boring" business, what type of business would you buy?

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PitchBook's projects that 2024 will revert to pre-pandemic mean #VC #fundraising levels ($60B-90B), raising their base case from $67B to $79B for year end 2024. This is good news for #emergingmanagers who are commanding a disproportionate share of new VC funds raised, and will reap the rewards of the slow motion price correction going on in early to late stage VC. #venturecapital #pe #alternatives #alllocators #LPs #TVPI #DPI #fundraising

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Navigating the Silence: A Perspective on Ghosting in the VC World I've seen the highs and lows of startup journeys, and one issue that consistently arises is ghosting—from both VCs and founders. It’s an uncomfortable topic, but one that needs addressing for the betterment of our ecosystem. For Founders: When you're in the throes of raising capital, each pitch is a high-stakes moment. You pour your heart, soul, and countless hours into every presentation. When a VC shows interest but then goes silent, it can be frustrating and disheartening. Here’s a perspective: Understand the Volume: VCs often review hundreds of pitches. If you haven’t heard back, it doesn’t necessarily reflect the quality of your startup. Follow up, but also diversify your outreach to avoid being overly reliant on a single response. Take Constructive Steps: Use silence as a prompt for self-assessment. Reflect on your pitch, seek feedback, and continuously improve. Every pitch is a learning opportunity. Maintain Professionalism: No response is still a response. How you handle it speaks volumes about your resilience and professionalism. Keep communication respectful and open-ended. For VCs: Ghosting isn’t just frustrating for founders—it’s a missed opportunity for us as well. Here’s how we can do better: Timely Responses: Whether it’s a yes, no, or maybe, timely communication is crucial. It helps maintain our reputation and fosters a healthy relationship with the startup community. Provide Feedback: Even a brief explanation can be incredibly valuable for founders. It shows respect for their effort and can guide them in refining their approach. Respect the Journey: Remember, today’s early-stage startup could be tomorrow’s unicorn. Our interactions should reflect the potential long-term relationship we aim to build. Moving Forward Together The world of startups and venture capital is built on relationships, trust, and mutual respect. By addressing the issue of ghosting, we can foster a more transparent and supportive ecosystem. Let’s commit to better communication, more empathy, and a shared journey toward innovation and success. #VC #Startups #Entrepreneurship #Communication #Innovation #MutualRespect What do you think? How has ghosting affected your experience in the startup or VC world? Share your thoughts and let’s keep the conversation going.

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Summary: The article discusses the challenges of state-level compliance faced by startups and the consequences of not following state rules and regulations. Key takeaways: Startups often struggle with state-level compliance due to complex fees, taxes, and business registration requirements. Many startups do not prioritize state-level compliance as they focus on customer-facing solutions and early-stage budgets. Failure to comply with state rules and regulations can result in fines, audits, and potential issues during mergers and acquisitions. Counter arguments: Some argue that states make it difficult for startups to comply by requiring different information in various formats. Not all states have clear guidelines on when a startup needs to register, leading to confusion for business owners. #venturecapital #vc #venture

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Calling founders and entrepreneurs: Interested in joining a peer group of fast growing entrepreneurs? We recently launched a peer network for earlier to mid stage entrepreneurs and are about to take it to the next level. Think Hampton or Vistage but for earlier stage founders and entrepreneurs. This includes SMB and ETA. Some of the things it'll include: -Peer group of 6 similar stage entrepreneurs to vent, network, learn, grow, brainstorm every month -A physical awesome business book mailed to you each quarter as part of our book club -Awesome speakers free each month -Tactical newsletter on how to grow your business -In person founder weekend retreats -Entire group space to ask for vendor referrals, help with founder related items, keep up with founder ideas/news A lot of these groups charge $8k+ a year. We are looking at starting closer to $199 a month. Interested? Comment below.

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Kettleborough VC has been active for ~6 years, invested in ~30 companies, gone through ~80 funding rounds, witnessed ~12 exits including ~4 instances of partial principal erosion, seen ~4 seed to $100M journeys, tracking ~29% XIRR across the portfolio. A couple of IPOs from the portfolio surely seem very much in line ahead.

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118 VCs (one hundred eighteen!) are gathering in San Diego next week - to meet with 30 SD startups. But it's so MUCH bigger than just those 30 co's. It brings VCs back - when they see quality companies. It helps those who are next-in-line and adjacent. It enables us to send deal flow all year 'round. It attracts talent and other companies. It inspires entrepreneurship. Connect is working for SD. Together, we're building the best damn innovation ecosystem on the planet. Year over year. Five.Ten.Thirty.

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HUGE opportunity

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