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Insights

The Shearwater team like to share our thoughts and updates on our LinkedIn profile. Please follow us there. Here are some of our previous posts:

Your ESOP plan requires wise management and clear thinking

August 6, 2019

At Shearwater we often say to founders that if there's strong demand for your round, that's the best time to raise *less*. The demand lets you tap into extra funds later, when the valuation of your business is likely to be higher. Read More

Launching our Shearwater private dinners with the founder of WiseTech Global, Richard White

August 2, 2019

As the managing partner of Shearwater, I frequently find myself thinking about the quality of our own 'product'. One of the differentiators of Shearwater is that we're three founders investing our own money to back the generationally best tech companies in Australia and NZ Read More

Understanding the various business models when raising capital

July 13, 2019

At Shearwater we often say to founders that if there's strong demand for your round, that's the best time to raise *less*. The demand lets you tap into extra funds later, when the valuation of your business is likely to be higher. Read More

Passive Investing

July 2, 2019

J.P. Morgan released data this month that $90 billion has been pulled from active funds in public equity markets in 2019, while $39 billion flowed into index-style funds. Passive funds (including quant funds) now control a whopping 80% of equity assets. Passive investing has won the public markets. Read More

Why small TAMs can be good

June 28, 2019

In the early 1980s AT&T asked McKinsey to estimate how many mobile phones would be in use worldwide by the year 2000. Their conclusion was it would be a niche market of around 900,000 subscribers. They were off by 108 million. Read More

Some thoughts on ESOP

June 20, 2019

As investors in high growth tech businesses, it's typical that our portfolio companies have an employee share option plan (ESOP) in place. ESOPs allow staff to feel ownership in a business and lets them benefit from growth in the value they directly contribute to. This is why ESOP is a common device around the world for ensuring alignment between founders and their employees. Read More

Understand the business model of the firm you’re pitching

June 18, 2019

Sun Tzu said: 'If you know the enemy and know yourself, you need not fear the results of a hundred battles'. When seeking investment, it helps to understand the business model of the firm you're pitching. Read More

Watch a pitch to the best

June 17, 2019

Ever wanted to sit in on a success pitch to a leading Silicon Valley venture firm? Read More

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