Chris Bakke

🌟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 

2

Steel Atlas Ventures Aims to Link Western Startups with Saudi Investment in $10M Debut Fund Steel Atlas, a New York-based venture firm founded by Cameron Porter and Talal Attieh, has raised its first $10 million fund to connect Western technology startups with Saudi Arabian investment opportunities. The firm, established last year, plans to invest between $750,000 and $1.25 million per startup, focusing on climate-tech, industrial, and AI sectors. Steel Atlas’s portfolio currently includes innovative firms like nuclear energy company TRANSMUTEX, supply chain tech provider GenLogs, and alternative battery tech company Group1.ai, all aiming to align with Saudi Arabia’s Vision 2030 economic diversification program. “Our portfolio investments are less than a year old and we are therefore still actively working with them in the region,” the firm said. “We view this alignment as being driven by two increasingly important factors: global geopolitical realignment and mutual technological interests,” Porter stated, referring to Saudi Arabia’s role as a “counterpoint” to Iran. Backers of the fund include private investment firms such as Christian Angermayer’s Apeiron Investment Group and Magnus Rausing’s Untitled. The Saudi government’s commitment to advancing industrial, climate, and AI technologies aligns with Steel Atlas’s goals, with Saudi funding providing potential capital reliability and scale-up locations for Western startups amid a sluggish U.S. market. Steel Atlas is also planning a Middle Eastern holding company to invest in regional industrial projects tied to its portfolio technologies. While not mandating Saudi deployment, the firm foresees Saudi Arabia’s market as a significant opportunity, anticipating developments in nuclear and supply chain tech soon. ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments (Series A/Series B)?   ▶ Please use G+QUANT's link for inquiries and fund decks, or send an inquiry to [email protected] #VentureCapital #SaudiInvestment #ClimateTech #AI #IndustrialInnovation #Vision2030 #SteelAtlas #TechFunding

13

🏡 Santa Clara Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Santa Clara's real estate market has shown robust growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $2,027,500, with properties selling in just 11 days on average. Condos and townhouses have a median sale price of $1,250,000, selling in 14 days. Curious about the latest trends and stats? Check out our detailed update. #SantaClara #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews DRE#01458118

1

How Behring Co. is building a full-stack approach to revolutionize San Francisco Bay Area real estate. The San Francisco Bay Area is seeing a dramatic shift in real estate. Traditional leasing models—where landlords provide space and tenants pay rent—are being replaced by a full-stack approach that generates new value. Old real estate models focus on transactions: square footage and lease terms. In contrast, a full-stack approach transforms properties into ecosystems where tenants connect with their environment and each other. Why Now? Technology Drives Integration Advancements in technology have dissolved silos between asset types. Real-time access to calendars, digital reservations, and seamless controls make interacting with spaces effortless. Key Benefits of Full-Stack Real Estate 1. New Revenue Streams: Properties offering co-working, event spaces, and premium amenities unlock diversified income. 2. Community & Loyalty: Engaging tenants through events, social platforms, and loyalty programs fosters retention and loyalty, as seen in iconic campuses like Google and Apple. 3. Efficiency Gains: Smart energy systems and automated maintenance reduce costs and improve sustainability. 4. Risk Diversification: By diversifying services, properties become more resilient to market shifts. Stak Ventures: Leading the Full-Stack Movement At Stak Ventures, we’re redefining real estate in the Bay Area by creating destinations where innovation and community thrive. Here’s how: -> Tech Integration: IoT-powered amenities and personalized workspaces. -> Community Building: Events, workshops, and networking connect tenants with peers at leading tech firms. As the Bay Area evolves, outdated real estate models can’t keep up. The full-stack approach is essential to attract top talent and stay competitive. At Stak, we’re shaping the future of real estate by fostering communities that inspire innovation and connection. If you’re ready to embrace the future, let’s connect. #FullStackRealEstate #SanFranciscoTech #PropTech #IoT #CommunityBuilding #StakVentures

86

29 Comments

Here's how I'm revitalizing Bay Area real estate through a Full Stack approach. The next wave of real estate development will be pivotal in a great “reset”. Here's how developers will be making a difference: Creating mixed-use or integrated developments that will bring a full and dynamic lifestyle experience back to urban centers. Revitalizing Downtown Cores, the integrated gravity of people, community and commerce will support local retail, restaurants, and entertainment venues to turn downtown areas into exciting destinations. Delivering proximity between companies and their employees to foster collaboration and innovation. Promoting the concept of #15MinuteCities for healthier, more sustainable communities. Turning underutilized spaces into desirable assets through strategic redevelopment. Offering diverse housing options to make the Bay Area more affordable while adding value to our communities. At Behring Co., we're proud to provide full-stack real estate solutions that turn these visions into reality. By handling every aspect—from acquisition and financing to design and construction—we ensure our projects meet market demands and enrich the community. But we can't do it alone. Let's collaborate with industry leaders like Google, Salesforce, Uber, and META to create a brighter future for the Bay Area. What are your thoughts on the future of Bay Area development? How can we collectively make our cities more vibrant and sustainable? Share your insights below! #RealEstateDevelopment #BayArea #UrbanRevitalization #FullStackDevelopment #Sustainability #CommunityBuilding #Stak #BehringCo

47

14 Comments

So great to speak to Mohammed Islam on The Mo Show podcast last week! Watch the full episode here!

300

12 Comments

Having a Cars and Capital event tomorrow in Southern California with Oren Klaff. If you want to join message me. https://lnkd.in/gDQ4D39u Oren Klaff Bridger Pennington #InvestorEvent #FamilyOffice #InvestmentOpportunity #CarlsbadEvent #PrivateEquity #WealthManagement #InvestmentConference #CapitalRaising #NetworkingEvent #IndustryLeaders #FinancialGrowth #InvestorsMeetup #WealthBuilding #BusinessGrowth #InvestmentForum

24

1 Comment

According to a new study by RentCafe, Gen Z renters living in the Bay Area are on track to spend up to $300,000 in rent by the time they reach age 30, roughly double what the average Gen Z renter nationwide will spend. Most notably, San Jose and San Francisco are the most expensive markets, the only ones in the nation where Gen Zers will spend a total of more than $250,000 on rent by age 30. Thankfully, data suggests that Gen Z is also earning more on average, which might offset the issue. #GenZ #BayArea #RealEstate

6

California's commercial real estate market faces challenges and opportunities. Downtown office spaces are struggling due to reduced demand, while suburban areas like Irvine thrive as more people work closer to home. The impact of COVID-19 has accelerated these trends, emphasizing the importance of flexibility and adaptation in office space utilization. Investors should stay informed about these trends to capitalize on emerging opportunities. How are you adapting to these market changes? Share your strategies!  Watch the full episode of Road to Growth at: shorturl.at/WcFgC

7

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

50

2 Comments

Revolutionizing SoCal’s Real Estate Landscape: Primior is not just developing properties;  we're designing tomorrow’s living spaces. At Primior, our approach to real estate development  in Southern California uniquely combines sustainability,  innovation, and community focus. We're not just building; we're enhancing lifestyles and  boosting local economies. Each Primior project starts with deep community  engagement—understanding what residents need  and what makes each location special. We then integrate architectural innovations to  create mixed-use developments that are not  just livable but life-enhancing. Our commitment to sustainability means each  development is built with the future in mind,  utilizing eco-friendly materials and processes  that set new industry standards. Our developments across Southern California  are more than just buildings; they are vibrant communities that offer a new way  of living and a better way of interacting  with our environment. ____ #investing #realestateinvestment #business #realestate

40

21 Comments

🏡 San Jose Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 San Jose's real estate market has seen impressive growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $1,732,500, with properties selling in just 12 days on average. Condos and townhouses have a median sale price of $895,000, selling in 16 days. Curious about the latest trends and stats? Check out our detailed update. #SanJose #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews DRE#01458118

1

🚀 Coastline Equity’s Growth Milestone! 🚀 We’re excited to share that our website has reached 2,000 clicks on Google Search for the first time. But why does this matter to you? It means we’re making it easier for property owners and investors to find us and access valuable insights that can help you maximize your investments. From expert advice on single-tenant triple-net properties to best practices for property management and asset growth, we’re committed to providing content that answers your key questions. This achievement is part of our larger vision to serve you better by offering relevant, actionable information—whether you’re a current client or exploring property management solutions. ✨ Want to see what’s driving this traffic and how our content can help you? Visit us at https://lnkd.in/gZVZKQiP to explore the updates. #PropertyManagement #InvestmentGrowth #ClientFocused #SEOResults #CoastlineEquity

3

Thanks, Silicon Valley Business Journal, for allowing me to share my thoughts on the often-complicated process of navigating the California Environmental Quality Act (CEQA)— a law that requires state and local government agencies to inform the public and decision makers about the potential environmental impacts of proposed projects. Hope this sheds some light on the process! #CEQA #realestate #Californiarealestate

39

1 Comment

Considering a career in startups or VC? Starting today, I'm available for 1:1 calls on @Intro to help startup founders and aspiring VCs think through the path ahead. As the founder + managing director of Red Sea Ventures, we invested early in companies like Allbirds (IPO), Sweetgreen (IPO), Nest (acq. Google), Casetext (acq. Thompson Reuters), and Prose to name a few. What topics can we cover? ✔️ Finding product-market fit ✔️ The different paths to funding ✔️ Determining how much you need to raise ✔️ Building a VC firm ✔️ Careers in VC ✔️ Celebrity partnerships Honored to be alongside world-class Experts like Chris DeWolfe (co-founder of MySpace (sold for $675M), Scott Saunders (founder of Happy Money, valued $1B+) & Geraldine Martin-Coppola (former President of Goop). I’ll be donating 100% of the proceeds to Seeds of Peace

225

22 Comments