The Innovation Bridge | Nov-Dec 2021
Hello Friends!
As we continue to get traction on our fund-building process, it’s important for us here at Metagrove to get back to basics and focus on who we are and what we’re building.
For the longest time ever, Australia and the US have continued to foster a deep alliance from both a historical and cultural context. However, at the same time, we’ve seen drastic transitions take place across the two regions in recent decades.
While the US has been able to maintain its ability to continue and innovate in the technology domain; Australia on the other hand has been lagging behind in terms of both innovation and growth. Australia up until recently was a nation of deep natural resources. Because of this, the country relied heavily on this wealth of commodities i.e. natural gas, uranium, iron ore, aluminum, copper, etc. to fuel its economic growth, exporting a significant amount of this to countries like China. However, as we all should now know; these resources are finite and are being depleted slowly but surely every year.
So what’s next?
Thankfully though, over the past 10-15 years, we’ve seen a “hockey-stick” rise in the rate of innovation across Australia.
This image from AirTree shown below exemplifies the explosion of startup companies that have come about since the early 2000s. It’s a telling sign that there is certainly a boom in early-stage technology companies and this is only just the beginning.
Source: AirTree Ventures
What we’re now seeing is a flywheel effect of startup innovation taking place, where former founders, operators, and the like are reinvesting themselves back into the community and starting new ventures or even investing capital and effort in the next generation of companies — it becomes a self-fulfilling prophecy.
While it’s exciting to see so many startups enter the fray, it’s also important to note that a good chunk of these companies may fail and go to zero. It truly does become about the survival of the fittest. So, how do we make sure that each company has a fighting chance to not only survive but also thrive?
Here at Metagrove, we want to level the playing field.
This is why we’re working on an innovation bridge to help budding startups penetrate different markets with the right resources. We strongly believe in collaboration, expansion, and diversification, but also being global from day one.
This is why we work closely with friendlies across the US and Oceania to help bridge the gap for our companies. We help through fundraising efforts, partnerships, PR, networking, and much more.
This is not a one-way street, but we also want to make sure we can help US-based startups do the same as they seek to expand globally into Oceania and into APAC.
Source: Metagrove Ventures
We’re really excited about this bridge as this is only the beginning, and we want to make sure we can do the same with other parts of the world (when the time comes).
B.
Crew Updates
Advisor
Yoon is a partner at Muirwoods Ventures, focused on investments in the auto-mobility space. She also founded Forest Ventures backing early-stage start-ups. Prior to founding Forest, she led the Corporate Venture Group at Maxim, where she led multiple strategic acquisitions and venture investments. Earlier in her career, Yoon was one of the founding members at Samsung Ventures America, where she was involved in business development, sourcing of strategic investment opportunities, and the financial and business analysis of venture transactions.
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🔥 Startup Community Portal | Metagrove Ventures
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⭐ Macquarie Incubator Program | Macquarie University
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About
Metagrove Ventures is an early-stage investment venture capital fund, focused on supporting founders and companies who are building the future of industry by creating inflection points in the market.
