Anda Pho

🌟Innovative VC Firm Overcomes Exits Drought with Secondary Sales🌟 ⛵Navigating a challenging landscape where exits are scarce, Santa Barbara Venture Partners (SBVP) has pioneered a novel approach to sustain its growth and attract investors for its second fund: secondary sales. Instead of waiting for traditional exits like IPOs or acquisitions, SBVP opted to sell shares of its portfolio companies, demonstrating its ability to generate returns for investors and stand out in a competitive market. 🎤According to Dan Engel, founder and managing partner of SBVP, these secondary transactions have been a game-changer, sparking investor interest and bolstering the firm's credibility. By leveraging its recent successes, including a lucrative stake in sports-betting company DraftKings Inc.' acquisition of digital lottery app Jackpocket, SBVP seized the opportunity to return profits to its limited partners (LPs) and pave the way for its second fund. 💡Engel highlighted the challenges faced by young VC firms in raising subsequent funds, particularly amid a downturn in exit activity and heightened investor scrutiny. With traditional exit routes becoming increasingly elusive, the pressure is on for firms to demonstrate tangible returns and establish a track record of success. ✨"For us, secondary sales have been a game-changer. They've helped us return profits to our LPs and attract investors for our second fund," said Dan Engel. 💰For SBVP, the decision to pursue secondary sales was driven by the need to provide liquidity to LPs and validate its investment thesis in the eyes of prospective investors. By strategically offloading portions of its holdings in high-performing portfolio companies like Bark Technologies and Rad AI, SBVP not only generated substantial returns but also bolstered investor confidence in its ability to deliver results. ⚠Despite the complexities and potential stigma associated with early share sales, Engel emphasized the importance of prioritizing investor returns and seizing opportunities to unlock value for stakeholders. With a focus on profitability and transparency, SBVP remains committed to its mission of delivering sustainable growth and maximizing returns for its LPs. 🔍 "Returning profits to our investors is our top priority. By strategically selling shares, we're proving our commitment to delivering results and driving value for our stakeholders," added Engel. As SBVP continues to explore secondary transactions and expand its investor base, the firm stands as a testament to innovation and resilience in the face of market challenges. 🚀 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VCInnovation #SecondarySalesSuccess #InvestorReturns #ValueCreation 

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118 VCs (one hundred eighteen!) are gathering in San Diego next week - to meet with 30 SD startups. But it's so MUCH bigger than just those 30 co's. It brings VCs back - when they see quality companies. It helps those who are next-in-line and adjacent. It enables us to send deal flow all year 'round. It attracts talent and other companies. It inspires entrepreneurship. Connect is working for SD. Together, we're building the best damn innovation ecosystem on the planet. Year over year. Five.Ten.Thirty.

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Exciting news for startups! California accounts for about 50% of all venture investments. The not-so-secret reason is that non-competes are illegal in California, so engineers at FAANGs can build competitors without fear. Today, the US Federal Trade Commission declared non-compete agreements illegal nationwide. This means that engineers at big tech companies can now leave and build their own companies without fear of violating a non-competes (legacy agreements for executives are still enforceable - talk to your lawyer), this is a step in the right direction for fostering innovation and competition across the country. A variety of big-business groups have vowed to sue to bring non-competes back, but at least for now, they're gone! #startups #innovation #competition #noncompete Official Announcement: https://lnkd.in/gRXUpgDy Impending lawsuit: https://lnkd.in/gqSiVuTd

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A lot of you have heard me say "we aren't thematic investors EXCEPT when it comes to our consumer thesis and Vertikal Brands". So what does that mean exactly, and how did we choose to double down on outdoor specifically? I recently sat down with Matt Blevins who heads up the strategy for Clearview Capital, L.P. and we had the chance to talk about just that! Tune into our third episode of 'Coffee with Clearview' to learn more about how we got started in the space, and how we continue to partner with world-class outdoor consumer brands. #consumerprivateequity #consumerproducts #privateequity #outdoorenthusiast #outdoorbrands

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Want to know the story behind those unique Asian-inspired sparkling water flavors you've been seeing? I sat down with Sandro Roco of Sanzo on the Consumer Rundown podcast. We talked #Asian representation and voices, building a #beverage empire, and the importance of being a "good ancestor"! Listen to the full conversation – link in comments! #entrepreneurship #cpgindustry #beveragebusiness

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The consumer news, brands, people, places, things that captured my attention last week: 1. Kiehl’s starts selling on Amazon — (from WWD) https://lnkd.in/gxA2mDWH 2. Gap raises full year forecast and Zac Posen bets on celebrities to revive the brand — (from WWD & Vogue Business Instagram) https://lnkd.in/gxA2mDWH 3. The flat lay is back — (from Glossy) https://lnkd.in/gxA2mDWH 4. DTC Briefing: Startups are pursuing a mix of credit and equity amid fractures in funding — (from Modern Retail) https://lnkd.in/gxA2mDWH 5. The fight for influencer marketing dollars heats up with a lawsuit — (from BoF) https://lnkd.in/gtWGAb6A 6. 96% of Ulta’s sales run through their loyalty program — BoF Case study on loyalty — (from BoF) https://lnkd.in/ghZ9Gx-u 7. Abercrombie’s stock surges 24% as they capitalized on “wedding weeks” — (from CNBC) https://lnkd.in/guzQKu8U 8. Golden Goose sells $500 dirty sneakers — they’re raising €100M in an IPO — (from WSJ) https://lnkd.in/gi94ff54 9. L Catterton leads $40M Series A investment for Squared Circles — (from PR Newswire) https://lnkd.in/gdJzvTij

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Earlier this year, we surveyed our fellow Los Angeles-based GPs to get a pulse check on the LA venture ecosystem. Here’s what we found: 💗 Deal flow is healthy, and most LA venture investors (68%) are seeing the same or more deal flow YoY. ✈ LA investors are spending time in a variety of markets, with NYC, Austin, and SF following closely on LA’s heels. 🔍 Innovation is concentrated in AI and machine learning, space, and commerce. 💸 Funding is happening, but it’s barbell-shaped, with deals concentrated at the early and late stages. Funding post-Series A has been challenging. 🚩 LA is differentiated, but not without its challenges. Key difficulties include not attracting enough AI talent (despite having the largest number of engineers graduating from our region over any other in the United States); talent relocated to more tax-friendly or less expensive locations; and the great SoCal / NoCal divide 🙏 Thank you to all our many respondents! I’m so glad to be part of a venture ecosystem that includes great minds like Anna Barber, Brent Murri, W. Christine Choi, Sarah Tomolonius, Rob Smith, Win Chevapravatdumrong, John Tabis, Jill Royster, Jesse Draper, Ashley Balla, Britt Danneman, Tram Lai, Carmen Palafox, Elaine Russell, Deborah Benton Amanda Schutzbank, Brian Lee, Petra Griffith, Minnie Ingersoll, Shamin Walsh, Gabe Greenbaum...wow, this list could go on forever...plus too many other exceptional humans to name. You know who you are! Explore our findings more deeply with our survey dashboard: https://bit.ly/3JsaLaB

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The consumer news, brands, people, places, things that captured my attention last week: 1. Hims & Hers rolls out Ozempic and Wegovy dupes at 85% off — (from Fox Business) https://shorturl.at/TTEoK 2. E.l.f. Beauty surpasses $1 Billion in annual sales — (from BoF) https://shorturl.at/HAJzz 3. The BOF shared Volume 2 of The BoF Brand Magic Index and Dior is still on top — (on the BoF Instagram) https://shorturl.at/sPmJ4 4. Hannah Beals is in, a new SHE-EO alert at OUAI — (from WWD) https://shorturl.at/DD6GN 5. Grace Coddington is Merit’s newest face — why older women are the key to the brand’s success — (from Glossy) https://shorturl.at/Y8IlP 6. Bumble buys community building app Geneva to expand further into friendships — (from Tech Crunch) https://rb.gy/2nvbzj 7. How VCs are using podcasts to lure in founders — (from Vanity Fair) https://rb.gy/srg8el

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🚀 "We built Unloop Connect to support the founders who are really feeling the pinch," Michael Pignatelli reveals. As I dove deep into the everyday challenges that emerging brands face on Amazon with Michael Pignatelli, CPA, MAcc, Co-Founder of Unloop Accounting, it was clear that the path to simplifying e-commerce finance is more vital than ever. Michael's insights into accounting automation and the strategic use of Unloop Connect are game-changers for any brand looking to navigate the complexities of Amazon's marketplace efficiently. Michael's dedication to making high-quality accounting accessible reflects our mission at ExpertCPG Commerce—to empower brands with the tools and strategies they need to thrive on Amazon without getting bogged down by the details. How has automating mundane tasks changed the way you manage your business? What results have you seen from integrating new technologies? 🎧📺 Listen or Watch the Full Episode here: https://ecpg.us/3Qhk2pN #CPG #ecommerce #Amazon #podcast #UnloopAccounting #businessgrowth #financialmanagement

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Such a great article by MediaPost validating what our athlete community at ZIYNX has been telling us all along. Nano and micro influencers are so powerful when trying to build authentic connections with their close nit communities. ✅ Better ROI ✅ Higher engagement rates ✅ Authentic stories ✅ Partnership mindset Sometimes less is more! #influencermarketing #storytelling #creatoreconomy #brandmarketing

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Looking forward to discussing how changing demographics and culture norms are affecting investment opportunities in longevity, health and well-being at The Care Summit today Alongside Cake Ventures' Monique Woodard, Ziegler's Dan Hermann, Oak HC/FT's Billy Deitch and JPMorgan Chase & Co.'s Jennifer Edwards, we’ll dive into the trends shaping how we are investing in the space: - Last year marked one of the most significant social and economic moments in modern times: The number of older adults—those aged 50 and over- surpassed the number of children under the age of 15 for the first time. - In 2020 the 50 plus population contributed $45 trillion to global GDP, or 34% of the total. That equates to about 3x the revenue of the world’s 100 highest- earning companies in 2020. - The U.S. population grew by 24.5 million from 2010 to 2022, and Hispanics accounted for 53% of this increase – a greater share than any other racial or ethnic group. - Women around the world and across all ages drive 64% of consumer spending

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Today is a great day for the future of digital marketing in the world, as Ibotta, Inc. founded by Bryan Leach raised $577 million in IPO. Every founder has some inspirations. David Vélez had Capital One as one of his inspirations for Nubank. Being a much more mature market for entrepreneurship and innovation, the US has several benchmarks for Brazilian startups. As someone encounters a problem worth solving in our country, it is natural and wise to think someone else might be actively tackling the same problem elsewhere, as the timing of our market is different. Ibotta, Inc.'s IPO represents a bright moment for everyone who believes and foresees that first-party data players are the next generation of digital marketing, consumer insights and loyalty. By the end of 2024, Google is shutting down third-party cookies on Google Chrome to adapt its policies to GDPR. Chrome has 75% of market share and this completely changes the dynamics of the market. Brands have no option: in order to create better audiences for their marketing campaigns, they must partner with players which can access behavioral data in different ways. I have been lucky enough to have had some 1:1 lunches with David Vélez in the early days of Nubank and I never forget some of his words: "when it comes to disruption opportunities, if you ever find a market that could not have access to data at scale because simply there was no technology to make it happen, by the time the technology is ready, you have your window of opportunity". In other words, he was explaining to me the concept of "why now" for a startup thesis. In Brazil, there are QR codes on purchase receipts that made the tech side of our thesis possible, allowing us to extract the data. The cookieless era is the cultural shift in the market we needed in order for brands to push the demand for a product like ours forward. Well done, Ibotta, Inc.! Your resilience and journey inspires us all. Let's get back to work. Link to the news: https://lnkd.in/dnfaMR9b #startups #digitalmarketing #ipo #exits

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To all #founders and #entrepreneurs out there, our intro meetings are conversational and easy going. Feel free to message me to setup a call. Learn what Pioneera Ventures can do for you!

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Are you an early-stage founder or on the marketing team of a consumer brand looking to make content that is impactful and converts heading into the second half of the year? Dash Hudson have released their latest Cross-Channel Benchmark Report where they analyzed the activity of over 4,700 brands across TikTok, Instagram, and YouTube during the first half of 2024 to report on content strategy trends you need to know to set yourself up for success during Q4. Check out the report to discover: - How to leverage the strengths of each platform for maximum impact ✅ - What content types drive the highest engagement and growth 📈 - The most effective posting cadences for TikTok, Instagram, and YouTube 📅 - How to utilize niche communities to boost brand presence 🌐 - How to leverage creators and celebrities in amplifying engagement 📣 The 20-page benchmark report is a free resource and packed with valuable insights and actionable tips to help you optimize your content strategy, based on real-world data. Seriously, it’s worth downloading (and it's free) ✨  https://lnkd.in/gF-4upK2 ✨ #marketingtips #ecommerce #consumerbrand #socialstrategy

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Ready to play big? Unlock the billionaire playbook: Start with an Aged Shelf Corporation and master the art of influence WITHOUT ownership. 🏦✨ If you want to learn more. Click here to sign up for my next free webinar ⬇️

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I am honored to host Nolan Bushnell for a fireside chat at TechCon SoCal 2024 in San Diego on May 24th. We'll discuss how his innovations at Atari laid the groundwork for today's tech landscape and what lessons we can draw for the future. 🌟 Why Nolan Bushnell is a Must-Hear for Every Tech Enthusiast🌟 🕹️ Pioneering the Video Game Industry: Bushnell's creation of Atari and the iconic game Pong marked the beginning of the video game era, democratizing technology through entertainment. By democratizing technology through entertainment, Bushnell made electronics and computing accessible, inspiring a generation and catalyzing the tech ecosystem. 👔 Redefining Startup Culture: Bushnell invented a new breed of Silicon Valley entrepreneurs: visionary, bold, and nonconformist. His management style and the work environment he fostered at Atari—including laid-back elements like beer and ping pong—helped set a template for Silicon Valley's informal and innovative corporate culture, influencing giants like Google and Facebook. 🌱 Innovating Venture Capital: Bushnell became a crucial pivot in VC history by becoming the first example of how new business models over technology advancement become VC "fundable". Sequoia Capital's first seed investment concept in Atari demonstrated the profitability of supporting early-stage consumer tech businesses. It broadened VC horizons to include software and entertainment, impacting how venture capital operates today. 🚀 Driving Silicon Valley's Evolution: The Foundation of Silicon Valley was Arthur Rock funding Fairchild Semiconductor & Intel, establishing the semiconductor industry, and putting the silicon in Silicon Valley. The expansion phase was Don Valentine's investment in Atari, expanding the focus from hardware to software and entertainment, creating the video game industry, and expanding Silicon Valley's tech ecosystem. Bushnell's role enabled the Transformation Phase of Silicon with the 1980 IPOs of Apple and Genentech, showcasing SV's innovation breadth across multiple sectors. 🔗 Enabling Icons: Bushnell provided Steve Jobs, who did not have a college degree, with his first job inspiration for the idea of bringing computers to home users, invaluable introductions and opportunities, and influenced the birth of Apple. 🎮 Inspiring Future Innovators: By integrating fun into computer use, Bushnell likely accelerated technological innovation by making computing appealing to those who might not have otherwise engaged with it. His work at Atari made the daunting world of computers relatable and exciting, inspiring many future founders and technologists. Nolan's influence is evident in the increased computer literacy and the surge in tech-driven career interests among the youth of his time. Connect with over 80 early-stage investors and hundreds of founders from San Diego, the Bay Area, Austin, Denver, and New York. Explore more about the event at https://lnkd.in/gTYMN65n

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Darden Restaurants recently reported its quarterly results, showcasing resilience amidst a challenging environment. While Olive Garden faced a decline in same-store sales for the second consecutive quarter, Darden's overall performance remained steady, with earnings per share surpassing expectations at $2.65 and revenue reaching $2.96 billion. Looking forward to fiscal 2025, Darden projects a promising outlook with expected earnings per share between $9.40 and $9.60 and anticipated net sales of $11.8 billion to $11.9 billion. The company's LongHorn Steakhouse segment notably reported a 4% increase in same-store sales, underscoring Darden's effective management and operational strength. With plans to invest $550 million to $600 million in capital expenditures, Darden is poised to enhance its offerings and maintain its competitive edge in the market. Read More Here: https://lnkd.in/eFgDC97p #hospitality #restaurants #technology #innovation Branded Hospitality Ventures Angelo Fama Jr. John Espy Dave George Daryl L. Cunningham Lisa McDowell Robert Anderson Ali Charri

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