Metagrove | Roundup | May 2022
Wow, what a month it’s been — the War in Ukraine, rising inflation, interest rates, and energy prices, supply chain constraints, and a tightening economy. With so many events taking place right now, it’s sometimes difficult to see the forest for the trees.
There’s certainly been turbulence in the markets and the wider economy, however, but I also believe that we will recover from all of this. What we’re experiencing now is a correction both in the public and private markets — this is necessary and definitely a good thing. It means that we are now coming to our senses and realizing that these past few years of hyper-growth were unsustainable — gross company overvaluations, IPOs left-right-and-center, extraordinary cash burn, etc.
It’s now time to step back from it all and recalibrate ourselves. If history is any lesson for us, this is a telling sign that this isn’t the first time this has happened.
In fact, I believe this is the perfect time to start building a company in a sustainable way. We’re excited about this prospect and we truly believe that if done correctly, we will help set up our founders for future growth and success when things being to pick up again. Because of this, we’re bullish on early-stage company growth. We are having honest conversations with both current and future founders and working with them on their roadmap, cash burn, and overall growth strategy.
For more information, you can read more in our latest market update.
In other news, we are growing fast — our fund is now officially open and we are actively fundraising and deploying at the same time. Our communities are taking off and we are excited about our growing pipeline of companies coming through.
This is the best time to help and we’ll be here to ensure we can provide mission-critical support to our founders. Read on for more.
Until next time.
—
B.
From the Team
We’ve been pretty busy this past month as we continue to build out our global community network of founders, mentors, and investors. We’re already starting to see dividends of this model pay off as we slowly but surely connect our founders to our exclusive network of mentors and advisors. For us, it’s certainly a great problem to have, but now is the time to start thinking about how to scale our efforts.
Because of this, we have now launched two key specific initiatives; The Grove and The Collective to help bring enhance the interactions between these groups, but also enable us to automate and grow our communities on a global level.
The Grove
The Grove is our community of founders and mentors. Its purpose is to bring together these groups of people to learn from each other and bring about long-lasting relationships, especially for our founders who will be with us for many years to come. Building a company is a challenging, and also sometimes lonely endeavor, so we want to make sure we can provide a safe space for our founders to ask questions from each other and the mentors, but also have a sense of belonging.
This is an invite-only community, so if you’re interested in joining, please go here to register your interest.
The Collective
The Collective is our investor syndicate community. As the nature of VC and private market investing continues to evolve, we wanted to support the new breed of investors coming through the ranks. For this reason, we felt strongly that participating in great investment opportunities should be made accessible to everyone.
This community is a group of budding angel investors, both new and experienced who are able to invest in the same deals as the MGV team on similar terms. These investors are kept up to date about the latest opportunities but also get a chance to learn more about the investing process end-to-end. They also have the ability to become mentors themselves and chip in supporting our founders if there’s a right fit — it’s a win/win.
If you’re interested in joining, you can register your interest here.
Learning
For the past couple of months, many folks have thoroughly enjoyed the content we have put out on how to help them build their companies. However, there are also many others out there who have requested a bit more clarity on the VC industry itself.
For this reason, we have recently compiled a short guide to VC, titled “A Guide to Venture Capital 101”. We hope that this guide will pave the way for a clearer understanding of this niche space with our wider audience.
What’s On Our Radar
⚡️Andreessen Horowitz Unveils Program for Early-Stage Founders
⚡️Dirty Secret: Venture Reserves are Not Always a Good Thing
⚡️Y-combinator: Startup School is making a comeback
⚡️a16z: A Framework for Navigating Down Markets
⚡️Working Backwards: Insights, Stories, and Secrets from Inside Amazon
Across The Industry
✨ Broadcom to acquire VMware for $61B in cash and stock
✨ Health-Plan-as-a-Service platform Flume Health raises $30M Series A funding
✨ Buildots raises $60M for AI that flags issues during construction
✨ Fleet management company Motive raises $150M at a $2.85B valuation
✨ As supply chains tighten, logistics must optimize with AI
✨ Blockchain-based carbon trading scheme raises $70M
Community
If you’re a founder that’s building something disruptive or an aspiring mentor who wants to join our ranks of world-class domain experts, we encourage you to join our Grove community, where you’ll get exclusive access to our online group. This is an invite-only group so please apply and if there’s a right fit, we’ll reach out.
If you’re an avid investor but wanted to learn more about the angel investing movement, join our Collective syndicate where you get to invest on similar terms as the Metagrove team and get access to lucrative deals you wouldn’t normally get access to. Register your interest and we’ll connect with you if you match our criteria.
From the Archive
Our Partners
LegalVision — is a market disruptor in the commercial legal services industry. Their innovative business model and custom-built technology allow their lawyers to provide a faster, better quality and more cost-effective client experience. LegalVision has assisted more than 150,000 startups and businesses across Australia and New Zealand. The firm was recently named Law Firm of the Year at the Australasian Law Awards.
Docsend — allows you to securely share your pitch deck and streamline fundraising. With DocSend, you maintain control over sensitive fundraising documents, know which investors are engaging with your decks and get real-time, actionable feedback with document analytics.
Vu Consulting — is a boutique PR and communications team of senior experts driven by impact. Each consultant brings years of experience working with technology, corporate, NFP, social enterprise, and B2B organisations to build brand awareness by cutting through the increasingly complex and noisy media landscape.
Techvisa — are the go-to in the tech space for Immigration. Techvisa has worked with some of the most game-changing tech companies and individuals locally and across the globe to navigate the process of acquiring a work visa or permanent residency status in Australia. Given their experience and knowledge of the IT space, they manage the entire application process from A-Z and require minimal input from the company.
Cake Equity — A better future is being created by great founders, innovating and building awesome companies with inspired teams and aligned investors. Cake is helping make this happen via a cloud-based registry, that streamlines and automates pretty much all of the admin, documentation, settlement and compliance elements of Employee Share Option Plans, Capital Raising and maintaining your share registry.
Doola — is a trusted partner for helping global entrepreneurs confidently form their companies in the US. Doola helps customers incorporate US LLCs, C-Corps, and DAO LLCs and get access to a US Bank account + payment processor.
Check out our Partnerships page for more information.
About Us
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.
👉 Interested to invest with us, please click here to register your interest or reach out directly to the leadership team
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