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Digest 10/7/24

LinkedIn Version

361 Community, here are the Weekly Digest highlights:

LAST WEEK: Briefing “Draghi Plan” (video, podcast); Boston Roundtables

MON: 11am ET Demo Day for E. Eur. Companies Scaling in U.S., for 10/18 Chicago Conf. - register

TUE: 8am Briefing (every other week - register) “China - Will Stimulus Do the Trick?”; 10:30 Town Hall + Prep NY Conf. Oct. 10 (sign up) + Breakout for Philanthropy Initiative (see below); 10:45am Intro to Survey 17; 11am Briefing on China - register, 2pm Deal Call for QPs Recoup Health (CEO Vikas Sharan)

WED: 9:30am Prep Call for Florida 1/25-27 (sign up); 10am for Chicago 10/18; 10:30 Meetups including for co-creating Deep Dives on Tax (U.S., global), HealthTech, Africa, and others (register)

THU: NY CONFERENCE. See below, 100+ RSVPs, Program Deck & register at www.361firm.com/nyoct

UPDATE: For our 9th New York Conference on Oct. 10 at Polsinelli (600 3rd Ave.), see the updated Agenda, Program Deck, RSVPs and register at 361firm.com/nyoct. Join the Final Prep Call for the NY Conference on Oct. 8 at 10:30am (sign up).

Allocators join as guests (see guidelines) if approved via our Diagnostic, and schedule at least two meetings with participating companies or funds via our Scheduling Link. 

In New York City (in person):

- ARS. 6-Public Equities, $1.3B+ Asset Mgr, 50+ years Macro Outlook 

- Bay Bridge Ventures. 1-VC Early, Climate Tech VC firm raising $200M+ Fund

- C10 Labs. 1-VC Early, AI Venture Studio

- Control Risks - Global firm helping clients manage risks and ensure security, compliance, and resilience

- Digital Rights Management, Technology that unlocks a new revenue stream for real estate owners

- Fairbridge. 8-Private Credit - Secured RE Bridge Loans, ~55% LTV, only 1-year lock

- Forma Prime. 1-VC Early - Quantum, semiconductor and sensor early VC Fund

- Mendoza Ventures. 1-VC Early, Fund III focusing on AI, Fintech and cybersecurity

- Noyack Logistic REIT. Private REIT, targets IRR 18-20%, annual payouts of net 6%+

- PSI O&G Secondaries Fund. 10-Secondaries, buying discounted direct & LP stakes

- QStay. 2-VC Growth, Creating better stays through tech and design innovation in hospitality

- Recoup Health. 1-VC Early, tech-driven Integrative Root-cause Rehab

- Tone Tag. 2-VC Growth, sound-based payment transfer, backed by Amazon, Visa, Google

Available via Zoom:

- Breakaway Media. 2-VC Growth, largest US music festival touring company

- Da Ventures. 1-VC Early, $30M Seed Fund I, focused on digital transformation of industries

- DVC AI Opp. Fund 1-VC Early, Palo Alto AI $75M Opp. Fund to invest in best of 80+ portfolio

- Eleven Es. 3-PE, Industrialization of LFP Battery Cell Technology for European and American Markets

- Hotel Communication Network. 2-VC Growth, All-in-one iPad to revolutionise hotel room experience

- Hyla Liquid. 9.1-Digital Assets - Early stage liquid venture Hedge Fund-of-Funds in Digital assets

- L-Charge. 1-VC Early, EV Charge as a service for B2B Fleets, utility-independent

- Launch Africa. 1-VC Early, $75M Seed Fund II, Fund I in 133 companies/22 countries, marked up at 2.1x

- Nebari Nat. Resources. 8-Private Credit, $300M Fund II targets 15-20% net IRRs, low LTV

- Owlstone Med (Ventura). VC Growth, Series D, breath diagnostic for cancer, liver disease, etc.

- Round2 Capital. 8-Private Credit, Rev-based loans to EU/UK SaaS companies, Net 21% IRR bef. carry

- Space Perspectives. 1-VC Early, space experience: safe, globally scalable, carbon neutral

- Ventura Capital. 2-VC Growth, $150M fund focused on pre-IPO disruptive tech, many co-invest SPVs

Boston Tech Deep Dive featured a diverse group discussing the Boston ecosystem. Key points included the strength of biotech and medtech sectors, with medtech having a higher hit rate than biotech. Concerns were raised about the city's risk-averse nature and the challenges in scaling fintech startups. The discussion highlighted the need for more liberal capital allocation and better integration of startups with large financial institutions. The conversation also touched on the potential for Boston to surpass Silicon Valley but noted the city's limited capacity to juggle multiple hotspots simultaneously.

Dear 361 Community, Since 2019, Stephen R. Burke of ARS has given opening briefings around the world, and via Zoom on Tuesdays at 11AM since April 2020. See Briefing Playlist on our 361 Channel. On Jan. 21, 2025, 361Firm will host our 250th Tuesday Briefing in a row. At the 200th mark, we hosted "watch party" gatherings in over 30 cities. This time we aim for 100+ cities/locations and 500 participants. We seek your help in 3 steps to co-organize (or participate in) a simple informal "watch party" gathering per below. For reference, see for #150 at https://361.pub/150.

Jan. 21 Agenda (all times ET):

10:30: Participant 5-second 4-point Intros (1) name, (2) firm, and (3) city of birth and current residence

11:00: 361Firm shares the 250th "Tribute Collage" Videos*

11:15: Briefing 250 with Q&A till 12pm

12:00: Receptions in some locations (e.g. lunch in NYC at ARS, 529 5th Avenue)

Watch Parties will be soon listed, and include already Houston, NY, SF, LA, Naples, Cincinnati, and Boston - more to come with your help.Please let us know via the form below about your interest to host so we can add to our venue list, and invite others nearby. We will have a "Prep Call" for this 250th Celebration on Tue. Oct. 8 at 10:30am on our 361 Zoom: https://361.pub/zoom

As many of you know, philanthropy has always been a key pillar of the 361Firm community. For a while now, we have been researching ways to combine our approach to for-profit investment with our passion for social impact, and we are excited to announce our flagship 361Firm Philanthropy Fund. Here's how it is going to work:

As a community, we are going to pick a cause to get behind. You can provide your input through this 361 Philanthropy Survey. The Impact Labs team will use their Impact Analysis Engine to design a philanthropy fund comprised of high-impact nonprofits that are addressing our cause from multiple angles. Their model evaluates nonprofits based on their breadth, depth, evidence, and timeline of impact, prioritizing real-world outcomes. We are going to leverage our networks to drive not only donations into the fund but strategic added value.

We will receive detailed reports on where our donations are going, who they’re helping, and what we can do to increase our impact. Eventually, we will expand our scope to include for-profit opportunities in the space. This will include opportunities for strategic partnerships, impact investments, recruiting and networking, volunteering, and more.

We are looking for passionate members of the 361 community to help us kickstart this new initiative. To get involved, please (1) fill out this brief 361 Philanthropy Survey about your philanthropic goals and interests and (2) join our Mobilization Call on Tuesday at 10:30am ET when we will have a special Breakout for this .

Allocators can access decks of certain deals (excerpt below) by attesting to QP status via our Diagnostic. We can then grant access to the 361 Mandate Pipeline, which you can search and sort by asset class, stage, size, industry, geography, and key words. You can use the Scheduling Link to arrange meetings, either online or at the conference in New York Oct. 10. 

You can onboard deals via 361firm.com/onb. Some aspects can be added to the No Name Pipeline Excerpt. Mandated clients are added to our Deal Database Shared with 4K+ Allocators. Allocators can access deal decks by attesting to QP status via our Diagnostic.

Oct. 7 11am ET: Demo Day for E. Eur. Companies Scaling in U.S., for 10/18 Chicago Conf. - register

Oct. 8 8am & 11am ET: Briefings “China - Will Stimulus Do the Trick?”

Oct. 8 10:30 Town Hall + Prep NY Conf. Oct. 10 (sign up) + Breakout for Philanthropy Initiative

Oct. 8 10:45am Intro to Survey 17

Oct. 9 9:30am Prep Call for Florida 1/25-27 (sign up); 10am for Chicago 10/18; 10:30 Meetups including for co-creating Deep Dives on Tax (U.S., global), HealthTech, Africa, and others (register)

Oct. 10*: New York Hybrid Allocator Lunch at Polsinelli & Zoom before NY Conference

Oct. 10: 9th NY Conference, 361firm.com/nyoct

Oct. 17-18: Chicago Conference, 361firm.com/chi24

Oct. 30: Raleigh Eclipse IP Conference, 361.pub/eclipse24

Nov. 21-22 London ATOM II at Science Museum + 361 Roundtables - reg. interest at 361firm.com/lonatom

Dec. 3: NY Flagship Global Conference, 361firm.com/nydec

Jan. 24-27: 8th Naples & Miami Conferences, 361firm.com/fl25

Jan. 27*: Miami Hybrid Allocator Lunch before Miami Conference

Feb 4-5: Riyadh “World With Purpose” Summit 2 - register interest at 361firm.com/gcc25.

Feb. 6-8: Abu Dhabi and Dubai 361 Roundtables and events - register interest at 361firm.com/gcc25.

*for QPs approved via our Diagnostic. **if interested to join, email Mark at msanor@361firm.com

361Firm hosts its 4th Chicago Conference on Oct. 17-18, 2024. You can see the agenda below. Active Allocators can join as our guests (see guidelines) if approved after submitting or updating our Diagnostic, and scheduling two meetings with participating companies or funds. You can register now at 361firm.com/chi24 and join the “Prep Calls” on Wednesdays at 10am ET (9am CT)

We again join forces with the "60M Congress" focused on opportunities in and with Poland and Eastern Europe - you can register for it separately at https://60mln.pl/en/, and we can provide a discount code.

AGENDA:

OCT. 17
9:00 AM Golf - details to be provided
5:00 PM Informal Reception, currently planned Ping Pong Mixer @SPIN (344 N State St.)

OCT. 18 (Hinshaw & Culbertson, 151 N Franklin St.)
12:00 PM Allocator Session, with Survey Discussion, Deal presentations, 1:1s*
2:30 PM Conference Begins
3:00 PM "Zeitgeist" Panel- on investing globally and by asset classes
3:30 PM Panel on investing in the emerging industries
4:00 PM Panel on investing in E. Europe and Poland
4:30 PM Breakouts**
5:30 PM Reception at Poland Consulate in Chicago

*For QP allocators (see guidelines) approved after submitting our Diagnostic

**Breakouts include standard 361 ones across asset classes, industries but geographically the focus will be VC in Poland/Eastern Europe and VC/PE Growth of EE Companies to the U.S.

361Firm hosts its 8th annual Florida events, with a 4th annual Pickleball Mixer, karaoke, and time to network between panels and roundtables. You can now register “Early Bird“ at 361firm.com/fl25.

Jan. 24 Naples: Informal Drinks and Dinners

Jan. 25 Naples: 9AM Pickleball; 1PM Conference Opens, Panels - AC Hotel; 5PM Breakouts, Reception

Jan. 26 Naples & Miami: 9AM Conference; 12PM  4th Pickleball Mixer; 6PM Miami Reception

Jan. 27 Miami:

11:00 AM Allocator Lunch Session* with Investor Survey results

2:00 PM  Conference Opens, Panels: Global Regions,  Asset Classes

3:00 PM  Breakouts by Regions and Assets, Debrief

3:45 PM  Panels: Emerging Industries, Philanthropy/NextGen

4:45 PM   Breakouts, DeBrief, Reception

On Feb. 4-8, 361Firm hosts its 2025 GCC Tour. It starts on Feb 4-5 in Riyadh with the “World With Purpose” Summit 2 + 361 Roundtables & Feb. 6-8 361 Roundtables in Abu Dhabi, Dubai and a Desert Trek. Exciting details will be shared soon and meanwhile, you can see the current World with Purpose Overview Deck, register interest at 361firm.com/gcc25 including to join our “GCC Tour Prep Call” on Thursdays at 10am ET (next prep call is on Sept. 19).