The Girls Table Newsletter

Welcome back to The Girls Table's Newsletter! This weekly newsletter will share key insights into start-ups, venture capital, and the community.

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GM,

Here is a breakdown of today's newsletter:

• 🥳 Events & Community

• 🎙️ New Podcast Episode

• 📈 Start-Up Investment Opportunities

• 💰 Venture Capital News

🥳 Events & Community: 

We are hosting more events for Founders and Investors in LA! The one next week is filled but if you want to come to the next one on March 19th RSVP HERE. 

If you don't want to miss out on future events we will be hosting during 2023, join our Telegram group to stay up-to-date. The chat has been growing and it is so amazing to have such an awesome group!

🎙️ Podcast:

Aidan Gold the GP of Hyperguap Ventures joins The Girls Table podcast again to discuss the current tender offer for SpaceX. We discuss our thoughts on whether the company is over or undervalued.

We also dive into Walter Isaacson's new biography on Elon which gives strong insights into the intricacies of what makes SpaceX not just a company, but a movement.

We both invested in SpaceX in 2020 at a $40B valuation. My syndicate invested again a few months ago at a $137B valuation.

But... at this current price we continue to ask ourselves, would we invest in SpaceX at this valuation? Would you?

Do you know any entrepreneurs, creators, or investors who you think have an amazing story? Please reply and share them with us so we can continue to have the most inspirational individuals on the podcast.

📈 Start-Up Investment Opportunities

Please keep this confidential. If you are an accredited investor and interested in expanding your start-up portfolio, we have provided some investment opportunities that are currently active through the Red Beard Ventures Syndicate. The minimum amount to invest per deal is $1k! Please reach out if you have any questions.

Aetos: 3D interactive AI facilities management

• Reduces the staffing needs for the multi-billion industry of facilities management with AI digital-twin management and 24/7 live facility data

• 300%+ ARR in one year; 84% gross margins; GAM of $3 Billion ARR

• Invest alongside Tech Operators, Valor Ventures, Atlanta Seed Company, and more

• Link to invest

Carro: Enabling Brands to Sell Products without Capital Upfront

• B2B SaaS company that enables any e-commerce company to sell products from the world's best brands without spending capital upfront, making inventory commitments, or handling fulfillment.

• Carro is already working with over 20k top brands and companies in the commerce space including NBC, Netflix, Tiktok, Flip, Barstool, Univision and more! 

• They currently are working on Adding 1M products to TikTok Shop, expanding Cross-Platform, and launching in other countries

• Investing alongside Paypal Ventures, Alpha Edison, Paris Hilton’s 11:11 Media, and more

• $2.05M revenue to date, with est $5.4M in 2024

• Link to invest

Moviepass: the relaunched cinema subscription platform with nearly 1M waitlist

• This series A is after the original founders repurchased the company post-acquisition

• Investing alongside Animoca, Kelly Ventures, Caritas, and Sand Hill Angels

• Est. $100M+ ARR sitting on the waitlist for a full relaunch 

• Link to invest

Kraken: Secondary Shares for one of the Largest, Oldest Crypto Exchanges

• Trusted by over 9M traders worldwide, they are #2 in total spot volume in the US

• Shares are trading at implied valuation of $2.1B, a 15x upside against Coinbase

• Kraken holds 47% of the top 10 altcoin pair market depth

• They are also launching their own bank, announced in March

• Link to invest

Versus Game: Gamified Ads using Gen-AI

• Raising a $25M Series A+ round of funding

• This B2B tech helps media, publishers, and brands use generative AI to make interactive content

• Eric Schmidt, investor and board member, said “This is the most powerful real-world AI application” he’s seen

• Almost 1000 digital media partners including Forbes, USA Today, ESPN, ABC, Microsoft, and more

• Link to invest

💰 Venture Capital News

Pitchbook: VCs love the idea of Continuation Funds

1. VCs are exploring continuation funds as a way to return capital to LPs, but few deals are happening due to large valuation disconnects between buyers and sellers.

2. Continuation funds allow existing LPs to sell aging assets to new buyers or roll them into a new fund vehicle.

3. There is huge dispersion currently in late-stage startup valuations, making it hard to agree on prices.

4. Secondary buyers are asking for much higher discounts than VCs are willing to accept on their portfolio valuations.

5. Some deals may start happening once there is a reset in private market valuations through future markdowns, but price disagreement is currently preventing continuation funds from closing.

👋 That’s all for now friends! See you next week.

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Disclaimer: The Girls Table DOES NOT provide financial advice. All content is for informational purposes only. The Girls Table is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. 28