Episode 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.
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 and in Australia they rebrand as Her Tech Circle, continuing to support and inspire women in tech despite funding challenges due to a decline in DEI funding in corporates.
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.
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Chapters:
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 20:57: Interview with Chris Gillings from Five V Capital and Cut Through Ventures discussing their Q2 report and insights on the Australian startup ecosystem.Cut Through Ventures discussing their 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.
