Peter Bakker

New Post: VC firm Airtree raises $650m for new funds - Sydney-based venture capital firm Airtree Ventures has successfully raised $650 million for two new funds aimed at investing in technology start-ups. The capital influx includes contributions from new institutional investors in the United States and three Australian superannuation funds. In a letter to existing investors, Airtree announced the closing of its fifth fund, which will be divided into two vehicles: Core Fund V and Opportunity Fund V. This move highlights Airtree's ongoing commitment to supporting innovative technology ventures in the evolving market landscape. Read the full article here https://lnkd.in/dDhrsR6c #Venturecapital #VC #investment #LP #Limited Partner

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Which international VC has invested most actively in NZ? Here's the slide we prepared recently for our Investor Masterclass. Let me know who I'm missing. Four more sessions coming up including: Valuation, Terms, Governance, and War Stories. Join the fun by registering here: https://lnkd.in/ghJJpdR4

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Fascinating insights on the The Australian Financial Review podcast this week about #AI move to the edge. There is a new race in artificial intelligence; the race to bring AI to the device. This week we are thrilled to announce we are hosting BeEmotion.ai on Birchal. BeEmotion are at the forefront of emotion recognition technology. Leveraging over a decade of research, their technology already powers applications and products including the Panasonic #Nicebo robot, and ASX listed PainChek. BeEmotion are also supporting R&D initiatives for a range of automotive manufacturers in #Japan and #Germany This is your opportunity to get exposure to a company at the forefront of one of the biggest shifts in technology today: humanising and deepening our connection with technology. Check out BeEmotion's EOI on Birchal to find out more - https://lnkd.in/gfSXQaMZ Always consider the offer document and general CSF risk warning before investing. https://lnkd.in/e6Kbtznf Justin Klintberg Virpi Pennanen Emily Macfarlane Grant Gwynne #investment #ai #robots #australia #technology

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In the latest episode of Future Squared podcast, I spoke with Australian and former Head of Product at UBER’s Developer Platform, Chris Saad. Chris noted that: 1) despite the larger pool of VC dry powder in Australia, capital is actually scarce and controlled by a few big players 2) Aussie investors are risk averse and typically looking for ‘derisked’ B2B opportunities, as they are often investing on behalf of large conservative super funds 3) Aussie investors are, for the most part, unsophisticated when it comes to investing in high-growth venture scale returns companies, something Canva’s Cliff Obrecht echoed when talking about the company’s prospective NASDAQ listing in 2026 We’ve no doubt come a long way since the noughties, when there wasn't much of a startup or VC landscape to speak of... but are we still, in Chris’ words, “about twenty years behind”? Is the gap between Australia and the US getting smaller or bigger? What do you think?

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Alts going mainstream requires innovation in both technology and asset management. But tech startups and funds purpose-built for this new era of private markets that now includes more investors (the wealth channel) and more data requires different skillsets, networks, and content strategies to succeed. We launched the AGM Studio, a collaboration between Alt Goes Mainstream and Broadhaven Ventures by Broadhaven Capital Partners, to help companies and funds solve these types of challenges. Citywire's Selin Bucak covered the launch of the AGM Studio today in Citywire Selector here. I’m thrilled that Selin, one of the most thoughtful and knowledgeable journalists in private markets, shared the why and the how behind the AGM Studio. https://lnkd.in/ebAjSZBn

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FB Ventures is delighted to bring Equity Roll-Up solutions to Australian founders, making them accessible to all. Equity Roll-Up solutions reduce costs, complexity and time, while also removing ongoing management burdens, allowing founders to focus on growing their business. Equity Roll-Up Vehicles enable a larger number of investors to support the growth of a company, unlocking more capital while allowing investors to diversify their portfolios and easily track their investments. For founders looking to enhance their online presence and connect with a broader range of investors, head to FB Ventures platform to explore a range of tools to assist with capital raising https://app.fbventures.vc/ #capitalraising #startups #vc #investments

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In this episode, I interview Nick Greenhalgh, co-founder of PetO Australia. PetO is one of Australia’s leading pet supply stores selling goods such as food, toys and equipment. Starting in 2006, Nick, alongside his brother, has grown the business to own around 60 stores, 1000 staff, and approximately $200 million in annual revnue. Throughout the episode, Nick talks about the importance of bold decision making and why backing yourself against all odds is a strong competitive advantage. Nick provides deep insights into the retail and pet market has changed over time, as he’s been operating in the space for nearly 20 years. If you enjoy this episode, feel free to leave a five star review and share with family and friends.   #businesspodcast #familyoffice #investing #retail #petindustry

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✨ Breaking: Melt Ventures Announces New Fund.- Melt Ventures Melt Ventures, a partner of the WAVC initiative, focuses on early-stage investments in sectors aligned with Western Australia’s innovation priorities. https://melt.ventures/ Please share to let other #Founders know For the ❤️ of Startups #Fusion42 #Startups #Venturecapital

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🌟 Great to be covered by the Australian Financial Review! 🌟 We are thrilled to announce several key updates and achievements at Boman Group: 1. **Proven Fund of Funds Strategy**: Our strategy offers investors access to a global allocation, investment in both growth and defensive sectors, and opportunities at all stages—from early VCs to late-stage PEs. Our Partner Vincent Lu is launching our third fund and expand our regional access, providing even more diversified opportunities for our investors. 2. **New Business Lines**: We have introduced two new business lines—multi-family office services and capital market advisory. These new services are designed to target the intergenerational wealth transfer opportunity and assist Australian Asian businesses in accessing capital, fostering growth and sustainability. 3. **Building a Strong Team**: We are committed to executing our vision with a robust team. Introducing our advisory board is just the first step. Thanks Geoff Lloyd, Naseema Sparks AM, Peter McGregor and Paul Chin, SF Fin for advising us going forward. Their expertise will be instrumental in guiding our strategic initiatives and driving our success. I look forward to working with all friends in our network. Please reach out if there are opportunities to collaborate on: 1️⃣our fund of funds strategy 2️⃣multi-family office service 3️⃣capital advisory and ECM 4️⃣or if you are interested in joining our talented team or have someone to recommend Thank you for your continued support! #boman #fof #familyoffice #capitalmarket #vc #pe #IPO #wealthmanagement

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🎊 Big News from Our Team at Titanium Ventures! 🎊 Today, we’re thrilled to share that we've evolved from Telstra Ventures to Titanium Ventures! Why Titanium? Because it captures the essence of who we are and aspires to be—a firm that supports exceptionally strong and resilient entrepreneurs, those who thrive under pressure. Titanium is not just a metal with the highest durability and strength-to-weight ratio; it represents the extraordinary capability and determination of the leaders we back—leaders who consistently punch way above their weight. Our commitment remains steadfast: to unearth and scale the most promising ventures in AI, digital, and software sectors. With 99 investments, including 12 IPOs, 17 unicorns and 42 liquidity events, we’re just getting started. Holding almost US$1B in funds under management and having returned US$678M to our investors, we are more driven than ever. This is more than a name change—it’s a reaffirmation of our promise to accelerate the extraordinary, fueling the growth of standout disruptors. We've been doing this for over a decade, and it's what our investors and founders expect us to do for many more to come. Here's to the next chapter in our journey with all of you! #VentureCapital #Innovation #Entrepreneurship #TitaniumVentures

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We’ve had an exciting start to the Fin Year with 21 deals settled in Q1 and over $30M+ in lodgements. Here’s a snapshot of the market trends we’re seeing: 📍 1 x  Sydney Upsizer (Northern Beaches). 📍 2 x Sydney Downsizer (North Shore). 📍10 x Interstate Investors (Perth, Brisbane, Mackay, Townsville, Toowoomba). 📍 2 x Residential Self-Managed Super Fund (SMSF). 📍 5 x Owner-Occupied Refinance + equity release. 📍 1 x Construction Loan. 🔹 Serviceability remains tight, but banks continue to release policies to help specific clients increase their borrowing capacity. 🔹 Valuations are coming back incredibly high in many cases, allowing clients to release equity to upgrade their homes or invest. Once interest rates drop and serviceability improves, property markets nationwide are poised to see an influx of new buyer demand. 📌 If you think you’re maxed out on borrowing capacity or equity, it’s worth rerunning your numbers to see what’s changed. 📩 DM me with questions or book a free strategy session.

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📢 PSA: R&D funding deadlines are coming up! Most NZ startups qualify for this funding, so if you need help getting it sorted please reach out. If you have a 31 March balance date, then the due dates are: 1. R&D Tax Loss Credit - 30 April 2024 2. RDTI - 7 May 2024 I've seen far too many companies miss out on six-figure sums of funding. So please if you aren't sure check to see if you might qualify! If your accountant hasn't spoken to you about it, time to get a new accountant.

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Why GP Carry Economics for Syndicates are Superior to Venture Funds Sharing #2 of 5 learnings Zachary Ginsburg posted via Last Money In Media yesterday on reflecting back after 500 SPVs completed. 500 SPVs is not a typo :) – “The carry economics are arguably far superior for Syndicate GPs than the carry economics for fund GPs. We previously put out an article discussing the economics of venture, and the reality is that while venture can be the best performing major asset class the returns are skewed to the top funds with the average fund barely returning 1x capital back. There is no major asset class that has dispersion of returns quite as high as venture capital. This underscores the benefits for Syndicate GPs. For one, it means the time to actually receive carry income can be extremely quickly. Despite starting Calm Ventures in 2020, we had one nice exit in 2021 (~10x outcome in 12 months). While the returns from that investment were only ~10% of the capital deployed to that point, we still received carry (over a half million dollars). In a traditional fund if you returned only ~10% of capital back, you would not be seeing a dollar in carry from that sale. To further underscore the GP benefit, as mentioned, around half of funds return <1x DPI. Meaning half of GPs aren’t seeing a dollar in carry from their funds. You can have a <1x fund in SPVs and still receive an enormous amount of carry distributions. To take the extreme case, let’s say we invest $1M each into 100 investments via SPVs over the course of 3 years - so $100M invested total. 99 of those investments go to zero and one 100x’s or returns $100M. While LPs in aggregate didn’t make any money (we received $100M in distributions and invested $100M), the GP actually makes almost $20M dollars (20% carry x $99M in returns on the single performing investment). It’s worth pointing out that while the carry economics are superior, the fee economics are substantially worse for Syndicate GPs, who often aren’t drawing any consistent income or salary.” Link to full post w/4 other key learning in comments. -- Powered by Sydecar and Forge, Last Money In Media is the most actionable venture capital newsletter. Written by Zachary Ginsburg and Alex Pattis, global syndicate leaders with 800+ SPVs closed.

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Explains why you should understand your valuation

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I'm looking forward to joining Walshs on Monday evening for a deep dive webinar on Venture Capital discussing: ➡ Investing in Venture Capital as part of a diverse portfolio ➡ The Venture Capital landscape ➡ Update on the Sprint Ventures funds ➡ Announcement of Sprint Fund III and our institutional investor ➡ Potential tax benefits of investing in an Early Stage Venture Capital Limited Partnership ESVCLP I hope you can join us! #venturecapital #investing #alternativeassets #diversification #portfolio #fundmanager #growthcapital #ESVCLP

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My thoughts on the TSF (Token Subscription Facility) Funding It can be a good system for large projects trying to fund Series A where that practice can be leveraged to gain more market % over time the liquid term lasts so it offsets enough price increase that it's at the upper level against the contract and is actually beneficial. To cover some points that are usually used as USPs of TSF: Value Proposition: 1- Preserving Tokenomics: XYZ’s model minimizes dilution and preserves a significant portion of the treasury, ensuring flexibility for future opportunities. 2- Reducing Sell Pressure: Our structured approach and threshold pricing protect the token’s value and reduce downward price pressure, aligning with long-term growth. 3- Pre-Listing Validation: A TSF agreement acts as third-party validation, similar to a cornerstone investor, inspiring confidence and attracting early investors and partnerships. 4- Post-Listing Stability: Unlike OTC deals, XYZ’s model ensures funding is incremental and aligned with the project’s success, avoiding the risks associated with large one-off sales to unknown buyers. 1) Dilution is set up in advance via Market Makers and token advisors to create the optimal vesting release schedule and funding stages that align with the project's targets. 2) As per aforementioned tokenomics, sell pressure is controlled by the pre-determined vesting schedule and the market maker. All the calculations are made in advance accounting for the worst case scenario where everyone offloads assets as the vesting comes to maturity. This is a combat of philosophies, is it better to use funds to advance your project and grow it organically so the shareholder value increases or just take money over time and buy back tokens to uplift the price while the credit line lasts. The first option is better for the long term in my humble opinion. 3) If they are a well known VC then yes, it shows traction and gives some backing to the project's claims, but essentially just a standard investment would do the same. 4) Selling discounted OTC tokens from the Treasury means the project can't raise the new/next round and due to delays or bad financial projections for burn rate and float has drained the funds before time, which however you look at it doesn't bode well for the projects success down the road. To circle back to their claim of long-term approach as a signal of future stability, it works only for well funded projects that will use the liquidity injection for aggressively attacking the market and expanding faster than the competition to try and get the first mover advantage that will hopefully net positive results long term if everything goes well, if not as these tranches are defined with the contract before the TGE, they will probably always be buying with a discount (essentially their interest rate on the credit line) and as long as the token keeps going up will be willing to keep providing assets. #fundraising #VC #Web3 #TSF

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Want to cut through the noise and speculation to hear what’s actually happening in the crypto industry? This live event is for you. We’re excited to host our first public event at Block Earner HQ in partnership with Upside. Whether you're deep into crypto or waiting to be convinced with actual use cases, this is the perfect opportunity to gain insights from the experts. Come over, connect, and say hi! 👋 #Upside #BlockEarner

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After all the negatively in our industry post the release of GPT, it's good to see STG get picked by a leading small cap broker on the ASX as their stock pick for 2025 . AI presents the biggest opportunity we have seen since we started the company, and after some significant investment in AI technology over the past 2 years that is now delivering AI revenues, it feels like investors are starting to see where this can go. https://lnkd.in/gmwrEEnP

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