Community VC, Community DD weekly newsletter 23/2/24
Jock Fairweather ??
I help early-stage founders uncover their early believers and turn them into incredible advocates and investors through a support community and CRM for founders, Iceberg.
Happy Friday everyone and welcome back to the weekly newsletter??
If you missed last week’s update and need a refresher - here’s the link.?
???First off, a big congratulations and pat on the back to those of you that participated in the Xailient Community Due Diligence process.
It’s my pleasure to let you know that you’ve been allocated 1/6th of 5% of the overall carry on this deal.?
Today’s value of the reward is c.$417 to each of you and if Xailient does what we believe they will in terms of growth it might be worth c.$6750
This week’s Community DD Newsletter setup:
TL:DR 1) Vitadrops’ Expert interviews with Alex Concannon (head of Growth Marketing Employment Hero) and Wade Tiller (From Hard Fizz) ??
2) Astrix Expert interviews with Nick Lindsay (ex Space-X and Gilmour Space) & Christian Thaler-Wolski (HEO Robotics (the darling of Australian Spacetech) ???
3) Safer(choice) - TL:DR Video (And an announcement of our DD Lead Rob Godwin (Ex Australasian Director & Head of Commercial Operations at Lovehoney) ???
4) Foodini ?- TL:DR Video (With a brand new deck and announcement ready for next week) ???
5) The weekly pipeline updates & insights including a raft of brand-new decks that we really like the look of including a number of insane insights
?? As always towards the bottom of the note, you'll find our key links, who we are, and how we operate.
We believe we can democratise access to Venture Capital by enabling retail (everyday folks) alongside wholesale (High net worth >$2.5m in net assets) with the ability to participate and support the due diligence process. Whether that be offering expertise, insight or introductions and promotion. In return, claim a share of Carry and Fees earned enabling their ability to participate in Venture as an asset class.
This year our goal is to complete 20 Community Due Diligence deals with 100+ experts, 400+ talented people and to share with the community of over 7000.
What is Community VC Due Diligence?
We carefully select pitch decks from companies that approach us, choosing the most promising ones for our community DD. Our analysis covers a company's product, business model, and potential for future growth. This is done with input from experts, founders, and our community. We aim to provide a detailed understanding of each investment opportunity, laying a solid groundwork for the community to shortcut their due diligence process.
At the end of this process, we compile our findings into a detailed memo, which is accompanied by our due diligence cheat sheet. This cheat sheet provides detailed metrics and analysis, serving as a primary resource for key information on the business model, funding history, and past performance. Then anyone who participates get’s their share of the reward!
Keen to get involved? Register your interest and let us know what kind of companies and skills you have here!
?? Vitadrop expert interviews:
We had the absolute pleasure of discussing the missing gaps in our DD stackrank with two heavy hitting experts in growth/marketing and brand/D2C products this week.
Vitadrop Expert Interview (LINK)
If you don’t have the time right now, here’s a couple of the key takeaways we thought would be of interest:
We’ve also completed the Astrix stackrank internally and with the founders which you can access here as a subscriber.? This is also where you can access their pitch deck.
Next week we are setting up the community interview to fill in any last gaps? in our stackrank and conviction around this deal.
?? Astrix expert interviews:
Elliot and I both agree that the conversation and insights from this expert session were the most insightful of any sessions to date. The depth and complexity to this space (pun intended) is wild.
If you don’t have the time right now, here’s a couple of the key takeaways we thought would be of interest:
We’ve also completed the Astrix stackrank internally and with the founders which you can access here as a subscriber. This is also where you can access their pitch deck.
Next week we are setting up the community interview to fill in any last gaps in our stackrank and conviction around this deal.
?? Introducing Saferchoice (Choice):
We’re (still)? looking for community contributors to help with this DD series that have any experience or expertise in the following:
If you feel like you could add value, please add your name to this list and we’ll be in touch. Further info about the company and remuneration below!
?? Saferchoice
What is it: The marketplace for paid companionship and intimacy. The global standard for paid companionship and intimacy (safe booking and payment system)?
Space/type: B2C
Business model: Marketplace
Why could this one of the 10 best opportunities you'll see this year: This is a rare opportunity and combination of founding team, broken and heavily underserved market, large problem and good timing (on the earlier side but enough time to build product market fit and become large as first mover).
The bet: It won't get shut down by regulatory bodies and will reach $100m ARR only in the seven core countries
领英推荐
The Wow: The team and the obviousness of the market
What does it look like when they turn up next round successfully: Prove product market fit in Switzerland during 2024 and then raise again (without the pressure of having to) in 2025 for international expansion. The main objective is proving product-market fit in Switzerland in 2024 to have a blueprint for international expansion. . $85-100k MRR
Traction: Just hit their 1000th verified signup and hitting 2500 website views per month
?? Quick links:
Link to our stackrank with further info (For Airtable subscribers only)
?? Available Remuneration:?
1/4 - To due diligence participants of 3% fee on up to $250k + ? on 20% Carry
?? The start and end dates:
16/5 - 12/3
?? Due Diligence leads: @TBA & Jock Fairweather ??
?? Introducing Foodini:
We’re (still) looking for community contributors to help with this DD series who can offer experience or expertise in the following:
If you feel like you could add value, please add your name to this list and we’ll be in touch. Further info about the company and remuneration below!
??Foodini
What is it: Marketplace platform for food preparation and service outlets (restaurants, cafe's, food services, hotels, casino's, sports arenas) and the 1 in 3 people who have dietary needs (medical or lifestyle related)? facilitated via a mobile app and a webapp.?
Space/type: B2B2C and Direct to Consumer
Business model: Saas Enabled Marketplace
Why could this one of the 10 best opportunities you'll see this year: Niches make riches. Foodini is the only company we've seen attempt to own this market globally - 2.7bn people globally have a dietary need and it is a massively underserved market.?
The bet: That they can become the market leading digital platform enabling those with dietary needs to navigate eating out. That they can be the authoritarian source of ingredient level menu data (data which big foodtech does not currently have).
The Wow: 70k users and 10k restaurants from $500k cap raised. Proprietary databases of ingredient level data, and custom built AI and large language models allowing them to scale rapidly.?
What does it look like when they turn up next round successfully: Executed on integrations with multiple large food tech businesses such as Olo, DoorDash, and Food Services Co's and Hotel/Restaurant Chains for enabling scale. Also be established as the provider of this type of service across all of Australia, with the US being the bigger revenue driver come 12 months time.
Traction: 70k users and 10k restaurants from $500k cap raised
?? Quick links:
Link to our stackrank with further info (For subscribers only)
?? Available Remuneration:
1/4 - To due diligence participants of 1.2% fee on up to $250k + ? on 20% Carry
?? The start an end dates:
16/2 - 14/3
?? Due Diligence leads: ?Rob Nicholls & Jock Fairweather ??
?? Pipeline updates and insights:
You can find in-depth notes? in our weekly Investment Analyst notes?
?? Links and info:
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At Community VC, we believe investing should be accessible to everyone, not just those in the know. We believe everyone deserves the opportunity to invest and contribute to vetted ventures that move the world forward.
Please do not take this as Financial advice or a guide of what any outcome will be. This isn't financial advice, nothing in this email or newsletter is, I am not guaranteeing or recommending an investment or outcome in anything. I am simply listing opportunities I believe should be accessible to everyone and how the community has looked at this deal.
Jock ??