Headlines

• Cut Through Venture report: Teasing an interview with Chris later in the episode. The report reveals 99 deals in Q2 with $1.5B invested.
• AngelClass launches with an app allowing anyone with $10K or more to invest in startups without being classified as sophisticated investors. Elliot Spiegel from Inhouse Ventures takes advantage of Australia's 20/12 rule, enabling 20 investors in any 12-month period without needing a full prospectus.
• Climate Tech funding challenges: ClimateSalad claims about 100 out of 600 members need funding ASAP to survive the year, amounting to ~$100M. Despite a lot of pre-seed stage funding, there are barriers such as public perceptions, regulatory hurdles, and physical barriers related to the grid.
• Girls in Tech closes up shop in Australia and rebrands as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.

Summary

In this episode of The Startup Retro, the hosts dive into the most significant headlines from last week. The discussion includes the new Cut Through Venture report on startup investments, the launch of AngelClass, insights into Climate Tech funding challenges, and the birth of Her Tech Circle from the ashes of Girls in Tech. Will and Gemma also highlight notable startup raises and share their picks of the week.

Time Stamps

• 00:03: Introduction by Will Richards and Gemma Clancy.
• 00:26: Overview of today's episode topics: Cut Through Venture report, angel investing innovation, climate tech funding, and more.
• 01:07: Discussion on the Cut Through Venture report revealing 99 deals with $1.5B invested in Q2.
• 01:44: Insights on climate tech funding and the need for more support, based on Climate Salad's report.
• 03:32: Analysis of climate tech funding challenges, including early-stage funding and regulatory barriers.
• 04:51: Introduction of AngelClass, allowing non-sophisticated investors to invest in startups.
• 10:09: Closure of Girls in Tech and the launch of Her Tech Circle, a rebranded initiative to support women in tech.
• 11:21: Gemma's pick: Fugu, a climate tech startup developing solid direct air capture systems.
• 16:25: Will’s pick: Sircel, focusing on recycling obsolete solar panels and e-waste.
• 20:57: Interview with Chris Gillings from Five V Capital and Cut Through Ventures discussing the CTV Q2 report and insights on the Australian startup ecosystem.
• 36:58: Knowledge as a Service (KaaS) segment featuring Gemma's pick, the Calling Operator podcast, and Will's pick, Pop Culture by Edward Zitron.

Links

To get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter: https://newsletter.overnightsuccess.vc/p/12-july-2024

Top Headlines

• Cut Through Venture report: The report reveals 99 deals in Q2 with $1.5B invested.
• AngelClass launches with an app allowing anyone with $10K or more to invest in startups without being classified as sophisticated investors. Elliot Spiegel from Inhouse Ventures takes advantage of Australia's 20/12 rule, enabling 20 investors in any 12-month period without needing a full prospectus.
• Climate Tech funding challenges: ClimateSalad claims about 100 out of 600 members need funding ASAP to survive the year, amounting to ~$100M. Despite a lot of pre-seed stage funding, there are barriers such as public perceptions, regulatory hurdles, and physical barriers related to the grid.
• Girls in Tech closes up shop in Australia and rebrands as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.

Startup Raises

• Will’s pick: Sircel
• Gem’s pick: Fugu

Interview

• Chris Gillings - Five V Capital and Cut Through Venture (Interview by Will Richards)

KaaS - Knowledge as a Service

Our favourite startup-relevant read, listen or watch of the week

• Gemma’s Pick: Calling Operator Podcast
• Focuses on operators in the startup ecosystem, highlighting their crucial role. Recently transitioned to Laura Nicol (https://www.linkedin.com/in/lauranicolpr/) as the new host
• Will’s Pick: Pop Culture by Edward Zitron
• A well-researched counterpoint to the economic value created by AI, questioning its real impact.

Send feedback to the hosts

• Gemma on LinkedIn
• Will on LinkedIn

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