TechNexus Venture Collaborative helps leading corporations and ambitious entrepreneurs work together to access a sustainable competitive advantage by the creation of new business models, revenue streams, products, and scalable market access.
Hi there,
Welcome to July's Update: a monthly newsfeed curated with news & insights for entrepreneurs, investors, corporate change-makers, and curious innovators.
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"Valuation multiples play an important role helping early-stage founders and investors communicate about the value of a company. But all too often we see founders (and investors) misinterpret or misuse multiples. SaaS-Capital offers a thoughtful methodology to wield the power of multiples the right way. Fundamentally valuation multiples reflect three major aspects of the economics of a company that determine value: rate of revenue growth, profitability, and a factor for the market’s discount rate for ventures of the profile being priced. SaaS Capital’s methodology enables founders and investor to avoid mis-application of multiples and arrive at the right conclusions. Although this methodology applies to SaaS ventures, the same logic holds for all early stage ventures. Thank you SaaS-Capital for your thoughtful work. We’d love to see similar frameworks for other types of ventures (eg., hardware, IOT, etc.) sprout into being—and may ourselves look to bring that to life."
"It is no secret that the corporate landscape is changing and more companies than ever are forward-thinking with advanced R&D and venture capital efforts. However, many organizations fall short of innovation goals due to the inability to successfully execute innovation plans post-investment. There is a dichotomy between immediate financial performance and innovation agendas with many P&L owners facing pressure to meet quarterly financial benchmarks. In order to overcome short-term biases, executives must be committed to building an environment that encourages and supports innovation initiatives throughout the investment lifecycle. Defining the growth priorities of the program, aligning the performance metrics decision-makers, and committing to incremental funding to support program development are key tenants of a successful innovation agenda.”
We're thrilled to share some recent successes from our incredible ecosystem.
From Our Investment Portfolio
Welcome new TechNexus Portfolio Ventures
Geomiq, the smart platform for instant quotes and ordering of custom manufactured parts
Partium, the semantic visual search tool that allows maintenance and manufacturing technicians to correctly and quickly identify parts
AssemblyAI looks to grow API-based services for AI-powered audio and video analysis after closing a $30M funded round (TechCrunch)
Native Voice, the on-demand voice services library app, announces a partnership with Skullcandy to upgrade customers’ devices from their Push Active and Grind Series to feature both Amazon’s Alexa and Skullcandy’s voice assistant simultaneously (Business Wire)
The International Data Corporation (IDC) names Losant, the secure and complex real-time data platform, as one of three vendors streamlining data collection (Yahoo Finance)
Malcolm Gladwell’s Pushkin Industries makes its first acquisition, purchasing the podcast studio Transmitter Media signifying an expanding capacity for new projects (Bloomberg)
C360, the computer software company known for their immersive live video, names sports media executive, Carlos Silva, as CEO (SportTechie)
Hang, the platform for seamlessly creating and managing Web3-powered membership programs, announces a $16M Series A led by Paradigm (Mirror.xyz)
Beam Health launches their newest meditation vertical Kalyana in addition to the HIPPA-compliant telehealth video conferencing platform (Kalyana Mediation)
SwayPay, the app connecting people and their opinions on their purchases with brands, launched on Product Hunt (Product Hunt)
From Our Partners
THOR Industries announces a $15 million strategic investment in Dragonfly Energy, a leading deep cycle lithium-ion battery producer to the RV industry (Camping Trade World)
Brunswick Corporation wins dotCOMM Award for Outstanding Interactive Brand Experience, highlighting their focus on expanding access to a new generation of boaters (dotCOMM Awards)
Mercury Marine, a division of Brunswick Corporation, introduces its next generation of 25 and 30hp FourStroke outboards – the lightest and fastest 3-cylinder engines in class (Boating Industry)
Dua Lipa is on tour performing nightly using a Shure Axient Digital wireless system outfitted with Shure’s brand-new, flagship KSM11 cardioid condenser capsule (Mix)
Shure’s MXA920 wins Best Meeting Room Audio Product at InfoComm 2022 (InfoComm)
AAR awarded the first Captains of Industry contract with the Defense Logistics Agency (DLA), establishing a long-term strategic relationship to provide total global supply chain support to the U.S. Department of Defense (DoD) and U.S. allies (Aviation Pros)
AAR’s Component Repair facility in Amsterdam ranked #1 ‘Outstanding Source of Repair’ by NATO Support and Procurement Agency (NSPA) for fifth time (The National Defense Transportation Association)
TechNexus News
Earlier this month Dennis Potamianos, Maddy Rutter, and Ellie Davis volunteered at Milwaukee’s Summerfest alongside our corporate partners Brunswick Corp. and Freedom Boat Club as they officially launched All Blue Planet - a global initiative to share in the restorative power of water. During the 9-day festival, Freedom Boat Club offered boat rides to festival goers, and TechNexus portfolio company, Catch Co. was onsite to inspire budding anglers. 🎣
Earlier this week, Managing Director Andrew Annacone traveled down to Champaign, IL to kick off the OnRamp Agriculture Conference by speaking on a panel on existing trends in agriculture
On August 4th, catch some of our team in South Chicago at SeedAI's next AI Across America event, a project in conjunction w/ the Congressional AI Caucus to build AI ecosystems around the US. Register here.
TechNexus is hiring! Apply below or share with others in your network:
Earlier this month, we hosted a 1-day celebration of the resiliency within the fitness/wellness and recreation venture ecosystem. Thank you to the 200+ people who attended, participated, and shared their wisdom at our rethink: FIT summit in Chicago, and congratulations to the winners of our Startup Showcase, STIGMA App and Speede Fitness! Check out some local founders' takes on our event:
That's it for July's update. We welcome August with open arms and some new, exciting content. We'd love for you to share this newsletter with anyone you think might find it useful or interesting and encourage them to sign up. And if you have questions, comments, or want to discover more about any of the companies mentioned, please reply directly.
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