Tribe co-founder Elaine was recently asked to join a panel where the question was “what would you tell your younger self?” We put down some thoughts and here were mine. It’s part personal and part related to how Tribe goes about supporting and working with founders.
They say it is only when the tide goes out can you see who’s swimming naked. The tide is well and truly going out, and we are about to see which founders and their companies are bathing in their birthday suits. In the crypto space we’ve seen blow ups like FTX that were swimming very, very naked. In the VC landscape in Australia, we’ve started to see parts of the cycle where companies that once raised a lot of money, are now not able to do so and sadly enter liquidation.
Every VC says, “we help founders”. Some do help. Some are neither helpful nor unhelpful. Some are downright unhelpful. Yet, raising capital is as much about getting the dollars in the door as it is about choosing the right partners. At Tribe, we seek to help in a number of
Some boards help. Some boards hinder. We don’t have hard stats on what percentage is helpful and what percentage hinders, but at some point, a lot of boards become dysfunctional and a self fulfilling prophecy for the business getting into trouble. Too big, too quick Every person you add to
When we tell the community our mandate is to support B2B tech companies scaling up into the UK and US, we know this is a mouthful and sounds like an oddly specific mandate. The comment we hear most from founders is, ‘we reached out to you because you help founders expand into the UK and US, and that’s the bit we need help with’. And the comment we most hear from investors is, ‘why only B2B tech?’
Our co-founder Elaine Stead presenting at Wholesale Investor Capital Expo in 2022 on the topic of “Investing in B2B tech companies”.
In this post we share the process for pitching to us and some insights on how to prepare to pitch to investors.
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