Monday, October 03, 2022

The rocks of Attitude, Anger, Agility and Appreciation




It was Nietzsche who said: There will always be rocks in the road ahead of us. They will be stumbling blocks or skipping stones – it depends on how we view them and use them .

 

My friend , Rabbi Ralph Genende shares  4 profound and powerful lessons about living, love and leadership and the 4 A’s that help us navigate our way on the rocky road through the wilderness of life.


Attitude 

Attitude shapes your reality. 


Life is constantly throwing up obstacles in our way - it’s how we deal with them that helps us grow from a pebble to a boulder! 

 

  • How do you change a negative emotion or feeling to a positive one ?
  • How do you turn lemon into lemonade ?
  • How do you look at a situation with the glass half full lense?

 

Everyone gets negative thoughts 

  • the learned helplessness, 
  • the sense that I’m a failure or not good enough 
  • that things will never change, 
  • the over emphasis on the negatives, 
  • the tendency to blame others for our predicament, 
  • the catastrophising or expecting the worst no matter what.

Even the best of us - lose our cool and calm head and positivity 


Moses lost it 

Even Moses succumbed to the negative in the situation, worn out by 40 years of wandering around in the desert, his peers dying around him including the recent loss of his beloved sister. 


In his grief, he lost his cool and calm head and his energetic and upbeat approach. 


He forgot that it’s his attitude and not his aptitude that determines his altitude.

Viktor Frankl - survived 

In his famous book mans search for meaning - that Tony Robbins quotes - he survives the concentration camps by having a life affirming attitude. Living for something bigger than himself .


He would quote Nietzsche that he who has a why to live, can live with almost any how.

 

Soviet dissident Natan Sharansky 

He sustained himself in prison particularly by the verse from Psalm 23: “Though I walk through the valley of the shadow of death I will fear no evil for you with me.”


With cool heads, warm hearts and the spirit of our tradition we will find a way to help ourselves and our wounded world through these times.


We need to have an attitude of hope and faith even as we faced fear and loss, trials and tribulations. 


 Anger 


Anger is a natural feeling and alerts us to things that aren’t just right. 


Repressed anger doesn’t disappear, it just goes underground - it festers, feeds on itself and when ignited becomes like a wild and dangerous bush fire.


Anger needs to be acknowledged ,  processed and express in a measured, appropriate and considered way. 


This is the difference between uncontrollable, violent rage and acceptable and necessary anger. 


Anger for me has been very hard to control …. 

 

Moses became angry - and was punished 

It was more than just a failure of nerve for the embattled leader - it was also a loss of equilibrium. 


A loss of his cool and calm head in a moment of blazing anger. 


He lashed out at the people angrily calling them rebels, but in his rage he also hits the rock instead of speaking to it and strikes it not once, but twice…

 

Sometimes we do need to respond immediately with anger, for example to gross injustice, abuse, unacceptable behaviour, unfairness or ugliness. 


But it’s an anger we are fully aware of and also in control of.

 

Fury is a destructive force, it can destroy and undermine both the perpetrator and the victim. It can undermine the best of leaders, the wisest of heads, the kindest of souls. 


The Torah’s suggests “ When you are angry you should attempt to speak, not hit or burst out in rage, but beware of those extreme and unwise comments. “


Ghandi says that “if you are wrong - you have no right to be angry 

And if you are right - you have no need to be angry “ 


Agility 

Slaves understand that with a command comes a brutal stick. 


Free men and women don’t respond to force and coercion but to words and persuasion. 


Moses who led a slave generation for 40 years was not the man to lead free people across Jordan. 


To stay relevant you need to have the capacity to adapt and change in the face of change.

 

The right response in one age or situation  may be wrong in the next. 


We need to be flexible, creative and adaptive.  It’s the agile that survive !!


What is the core mission , what are the core rocks or values that you stand for? Should these change?


How can we contribute to the conversation of humanity, sharing ideas and things with others, letting others share this with us.

 

It’s all about attitude, agility and anger management, but there’s also one more A - 


Appreciation

Be grateful - thank before you think - such a powerful tool !!!


A challenge - so beautifully expressed in Naomi Shemer’s song on the honey and the sting, the bitter and the sweet - like a tomn yum soup ! 


A stumbling block is also sometimes a stepping stone…. Be grateful for the challenges - you grow through adversity 


Gratitude  is about appreciating  the positive things that are right here right now in our lives. 


That’s why we savour the sweetness of honey and apples at our family tables, 


That’s why we say the prayer Modeh Ani every morning - as Robbi Sacks said. -thank before you  think . 

 

That’s why we say a special blessing שהחיינו on Rosh Hashanah. Thank you God for this superb day and  occasion you have given us, 


That we are here together as a community, 


That we have lived through and survived these last few horrendous years.

 

“Baruch Atah Hashem Elokeinu Melech HaOlam Sheh- hecheyanu Ve kiyemanu Ve hegeyanu Lazman Hazeh!!


We bless You God who has sustained us, nurtured us, and brought us to this marvellous time!!

 

Gemar Chatimah Tovah”

 

 

Rabbi Ralph

Thursday, September 29, 2022

💰 Top VC Firms Investing in Female Founders

 
In 2021, investments in companies founded by women reached over $30 B for the first time. (VatorNews)
 
But while that may seem like good news, consider this: Female founders secured only 2% of venture capital in the U.S. in 2021, the smallest share since 2016. (Bloomberg)
 
That’s why I wanted to share this list of VC firms investing in women founders.
 
They include:
🔹 The 22 Fund, which invests in tech-based manufacturing companies and intentionally seeks out women and BIPOC-led firms to deliver both high ROI and social/economic impact
🔹 The Artemis Fund, which leads seed rounds for female tech founders modernizing and diversifying wealth
🔹 Coyote Ventures, which focuses on early-stage companies focused on women’s health and wellness (and a favorite Foundersuite customer :)
🔹 The Fearless Fund, which provides pre-seed, seed, and Series A financing to startups led by women of color
...and many more!
 
Interested in seeing the full resource?
 
Just drop a comment below and I’ll pass it along ASAP. 👇
 
Please send a connection request if we are not already connected to get the resource. 📩
 
Nathan Beckord – I help startups raise capital through software, content, and processes
 
#venturecapital #founders #startups #fundraising
 
Sources: VatorNews, BetaBoom, Sifted

Co-Rise - online education raise $8.5m - upskilling the workforce



Founders of Co-rise - Julia Stiglitz, Sourabh Bajaj, and Jacob Samuelson (former Coursera employees - have raised a seed fund of $8.5m from Greylock and Deborah Quazzo at GSV, Greg Brockman, co-founder Open AI, and Mustafa Suleyman, co-founder DeepMind.


What it is 

CoRise is an AI-powered online education platform They’ve rethought the experience with a ground-up focus on professional outcomes.


Working with learners from 500+ leading companies over the past year, their approach is showing 10X better than online content-first learning options. To date, 78% of Co-Rise learners have completed their courses. 


The market

CoRise is for everyone who is already working.


The wicked problem 

If you don’t know that there is a worldwide skill shortage for  data engineering and analytics, machine learning, DevOps, and cybersecurity - you have been sleeping under a rock!!


Why people quit - the great resignation 

According to a July 2022 McKinsey study, “lack of career advancement” opportunities is now the number one driver of the “Great Resignation,” 




Strategic workforce upskilling has become not only a prerequisite for an employees growth - but of an organisations growth - and  a key part of diversity and retention strategy as well.


The skills most demanded by businesses, and thus most richly rewarded, are changing ever-faster. 


Our existing educational models such as Universities cannot keep up - the future needs to be a blended Vocational mode 


At a time when university “teaching capacity”  limit the amount of talent flowing into the  tech and AI workforce,” we need more innovation. 


Course completions are at 3-6% and are inapplicable to real-world work. 



How do you fix this? 

  • How do you upskill and reskill? 
  • How do you transform your workforce ?
  • How do you transform analysts into data scientists, engineers into machine learning experts. 
  • How do you  transform  traditional infrastructure operations managers into devops engineers?
  • How can you serve the massive professional education market, and their even bigger is mission?
  • How can you balance motivation and behavior change and offer courses that people want to complete  at an accessible price point in a scalable format?
  • How can you get outcomes or results for learners at scale? 
  • How can you  have lots of people in a cohort and still have a great experience with customer led training? 
  • How can you give an all access pass to a student for $1000? 
  • How can you get students to complete assignments with a “nudging infrastructure” or gamification like duolingo?
  • How can you scale personalised learning? 
  • How can you maintain that personalised element ?
  • Can you offer expert-led programming that divides people up into small groups to nurture collaboration and the exchange of ideas - at scale? 
  • Can you have standardized courses with bigger classes is the only way to get programming to “be really accessible”?
  • How can you make the price point manageable?“Single course access costs an average of $400, and students can buy an all-access pass to every cohort for around $1,000.” For comparison, a single course on Maven – perhaps this one on founder finance – can cost $2,000

The ingredients 

  • World-class instructors from cutting-edge organizations teach cohort-based courses organized around practical projects and designed for working professionals
  • Communities of practice for social learning and support - where you can collaborate learn and grow together 
  • Use of automation and AI to deliver personalization, quality, and outcomes at scale


Competitors 


Udemy, Udacity, Guild Education and, well, her her former employer.


.


Could this be the  magic sauce ? 


CoRise is selling to enterprises in need of more tailored solutions for their talent. In talking to learning and development leaders, the founder learned that organizations are either rolling out asynchronous education platforms to the entire staff, or bringing in consultants to do customer training; “there sort of wasn’t anything in between,” she said, so she built it.


Stiglitz doesn’t want CoRise to scale to a place where it hosts 20,000 courses taught by thousands of instructors. Instead, the startup wants to offer one applied machine learning course that teaches 1,000 or 5,000 students at a time.


“We’re targeting large companies who want to roll out SQL training to 1,000 people, but they’re not going to want to roll out eight different versions of that class. That’s how we get scale.”


https://techcrunch.com/2022/09/28/corises-approach-to-up-skilling-involves-fewer-courses-and-more-access/amp/


https://greylock.com/portfolio-news/upskilling-the-workforce/?utm_source=social&utm_medium=twitter&utm_campaign=social+share

Tuesday, September 20, 2022

What makes a good Venture Partner?

Phil Morle of Main Sequence Ventures shares why he is  excited  at having Gabrielle Munzer  become a new Partner 
Gabrielle Munzer leading a session at UNSW Synbio 10x Accelerator program

Here’s the story about how Gabrielle Munzer (“Gabs”) and Main Sequence found each other and arrived at this incredibly exciting moment.

This story begins with a phone call from Square Peg - a warm introduction 

It was from Tushar Roy. He had interviewed a remarkable candidate to join Square Peg Capital but had no open position at the time

This was our first introduction to Gabs, and I remember the call vividly. I learned about a person who began her career in capital markets with the likes of Challenger and Morgan Stanley but always dreamed of a career in venture capital. She spent her ‘downtime’ on maternity leave reading, listening to and watching everything on venture capital.

She came to the call with questions. Questions about every nook and cranny of our work as investors.

Enthusiasm. Curiosity. A point of view throwing itself at ideas to see how it lands.

When we are hiring at Main Sequence, we want something different in each hire. It’s challenging because we don’t know what it looks like until we see it. But when we do see it, it is clear.

We saw it in Gabs. There was a curiosity that lay above any formula or cliche about what it means to be a venture builder.


We hired Gabs as a Senior Associate in 2019.

You can’t learn the craft of venture from a book


Venture capital is an apprenticeship, and this is where blog wisdom crumbles away to leave the real experience of venture building.

It is messy, emotional and risky. Everywhere there is a lesson to be learned, there is a counter lesson.

At Main Sequence, we operate an apprenticeship approach that places the new investor into real experiences. We reflect to learn explicit lessons along the way. Some of this is the technical part of venture capital — valuations, term sheets, cap tables, portfolio construction… Some is the human dimension — empathy, how to be persuasive, how to listen, how to build a thesis that you give a shit about…

Gabs has been in the deep end of all that since she started, forging the instinct needed to back early-stage opportunities.

She rose to Principal in 2021.

So, how do you know a Partner when you see one?

This is a harder question to answer than you might think.

It is easy to say that Partners must have led investments, sat on boards, etc. These are the table stakes. But what does it really take to bring on a new leader for a venture firm?

Here are some things we watched grow in Gabs.

#1 — People go to her for help

At the start of a career in venture it is ‘Push’, but after a while, people come to you if you are valuable. After a while, LPs, founders and co-investors started flowing to Gabs because she could help them.

#2 — She unlocks gnarly problems

Building a venture could be defined as a series of blocks that need to be overcome. Some of them are gnarly and not obvious to solve. Seeing problems fade through targeted introductions, workshops, ideas and products is seeing venture building in action.

#3 — She lands ideas with a heft of experience

It is easy to give advice and send blog posts to help, but there is a difference between an empty comment that keeps people busy and a thought that resonates and sends people away to think and an ability to execute.

You can see people leaning into the latter. Taking notes and following up.

#4 — She creates systems and products that scale the firm

Venture is an artisanal job but a firm needs to be bigger than the individuals within it. Observing a recurring activity that requires excellence to deliver performance and turning it into a product or system many people use is a habit to be fostered.

#5 — Ideas ripple through the community from her initiation

Venture building is making something from nothing. Participating in the creation of something no one thought of before. How do we build momentum that can increase the chance of impact? Some ideas resonate and are carried into execution by others. Some fall onto the ground, never to be picked up. Seeing Gabs command the stage of various events with ideas that spread was another signal

#6 — Trust with money

At its core, venturing is holding other people’s money for a while and then giving them more back. Seeing LPs trust an investor with this is an important signal of Partnership potential.

There comes a moment

At some point, the flow of learning equalises or even reverses. The student educates the teacher. This is the moment that matters to me. Where ideas that were taught have been augmented and refined to become something new. 


Something we all learn from and makes us better.


This is the moment of partnership. This is where we are with Gabs.

I hope you will say ‘Hi’ to Gabs on Twitter.

It’s a river of talent

Gabs is part of the next generation of talent for the Australian venture capital industry. At Main Sequence, she is joined by Jun QuAlezeia Brown and Danielle Haj Moussa who are in the flow, building momentum as their own unique contribution to our wonderful world of opportunity.

I am so proud of our team. We all are.

🖖🏻 #hack+hustle+flearn

Phil Morle is a deeptech investor and I’m building out loud. Subscribe here or follow him @philmorle


Thursday, September 15, 2022

How to Value a startup ⭐️

From my friend Kanwal Rekhi

A VC or PE manager will have to be foolish to overvalue a startup. If any thing, there is a strong tendency to undervalue, to get maximum share of the ownership for the least amount of money. 

This is a free-est of the free market. As a matter of fact it is a wild wild west. Investor and entrepreneurs go through a lengthy negotiation to come up with a mutually agreeable valuation. Valuation depends on many factor: Quality of the team, size of the market, progress to date, competitive position in the market and how many investors are interested in pursuing the deal. Also, public markets form a backdrop under which the valuations are done.

I find it amusing that SBI wants transparency in the process. None is possible. Authorities have to understand that valuations are negotiated and have nothing to do with the balance sheet of the company. It is like an old Indian saying: "Mian Bibi Razee , to Kya Karega Kazee".

Here is the article 

Mumbai: The capital market regulator is taking a close look at how private equityhouses (PE) and venture capital funds (VCF) value the startups and unicorns they bankroll.

A propped-up valuation gives a rosy picture of the portfolio to a fund's investors and paves the way for the fund manager to attract more money from new as well as old investors when it goes for the next round of fund-raising.

Probably driven by complaints from investors and recent reports of opaque accounting of a few unicorns, the Securities & Exchange Board of India (Sebi), in a communication on September 6, asked a large number of funds to disclose their valuation practices and share details like the qualification of the valuer, whether the valuer hired is an associate of the fund or its manager or sponsor, and if there was a significant change in the valuation methodology in the past three years among other things, two persons aware of the matter told ET.

"Sebi clearly wants to understand the credibility of the valuation exercise undertaken by funds," said Richie Sancheti, founder of the law firm Richie Sancheti Associates. According to Tejesh Chitlangi, senior partner, IC Universal Legal, "While the regulator is trying to get a sense on the performance of the AIFs (alternative investment funds), it may also wish to understand the valuation practices prevalent in the industry as the same may vary across funds in absence of any regulatory prescription.






Tuesday, September 06, 2022

Our Investment Fund - raises $100m in 24 hours




Partners of OIF Fund - Jerry Stesel, Geoff Levy, David Shein and Laurence Schwartz with the support of Isabell Rich, David Cohen, Anna Osipov, Oliver Darwin and Karen Dorfan have raised a 2nd $100m in 24 hours - largely from original investors.


They have kept the fund small so as to spend significant time with their investees.


OIF  have achieved an annual internal rate of return for its first fund of 45 per cent, and 89 per cent for its second fund.

After completing 2  exits and two partial exits to date.


Its first $50 million fund has already been returned to investors multiple times over thanks to 

Scoring a 10X return on funds 


Other businesses backed by OIF include bot mitigation and automated cyber threat protection company Kasadasoftware company Clear Dynamics, robotics business Advanced Navigation, and people management software company Enboarder.


Source:- Yolanda Redrup  https://www.afr.com/technology/vc-fund-defies-the-downturn-raising-100m-in-24-hours-20220830-p5be14 

Sunday, September 04, 2022

Netnada - raises $200k to help sme’s measure sustainability




Climate Action Company NetNada that measures and reports carbon footprint for  SMEs has raised $200,000 in Seed funding from Skalata Ventures


NetNada’s uses AI to automatically assess a company’s data and identify the impact of expenditure on the environment, then suggests the best ways to reduce impact, while also identifying cost savings and automating communications with stakeholders.


Founders Lochie Burke and Afonso Firm wanted to make it super easy for SMEs to act sustainably and make it as important as doing your tax return


Lochie says that business owners want to do the right thing and measure sustainability but don’t know how ! Offsetting carbon, cleaning up supply chains, and searching for green solutions amidst the greenwashing is a minefield for non-experts.”


You can only manage what you measure 


NetNada received an  MVP Grant from the NSW Government, and also took part in the UNSW Founders and CSIRO ON programs. 

David Burt, who ran the ON program before going on to become Director of Entrepreneurship at UNSW, has joined NetNada as an advisor.


Skalata co-founder Darrell Wade is excited about investing as he sees that  carbon accounting will become an essential part of a company’s reporting framework, and Netnada can help them do this.


Source startup daily 


Saturday, September 03, 2022

Aussie innovators making global impact





What do bananas, an iron-fortified dairy drink and mass production in metal 3D printing have in common?

Each has been honoured among winners of this year’s KCA Australasian Research Commercialisation Awards for their ground-breaking technology which will help many millions of people globally.

“These awards Celebrate the  commercialisation of research that turns brilliant ideas into products and services to help humanity,” Dr Tim Boyle, KCA Director said.

“Australian and New Zealand research ranks among the best in the world, and each award showcases the absolute finest work performed by research commercialisation professionals to get this research into the hands of businesses and entrepreneurs and so they can build meaningful products that create impact for the benefit society and the economy.”

The winners were announced at the 2022 KCA annual


The Golden Banana project spun out from QUT’s Centre for Agriculture and the Bioeconomy’s and funded by the Bill & Melinda Gates Foundation, is close to release a pro-vitamin A fortified banana that will deliver life-saving health benefits to millions of people in Africa - that is resistant to the devastating TR4 disease. Likely to be available for commercial production in 2024, this promises to be worth up to US$25 billion annually.


BUNYAD IRON+, an affordable dairy-based drink fortified with a new source of iron in 2022 helping iron deficiency - a killer in India .  BUNYAD IRON+ has three times greater absorption than alternative sources. The FERRI-PRO technology, originally developed by the Riddet Institute at Massey University, was acquired by Nestlé in December 2018. 

Additive Assurance, a 2019 spin out from Monash University, enables the metal 3D printing industry to undertake mass production with the stringent consistently and reliability tolerances modern manufacturers require. The company does this without the significant downtime or low material yields synonymous with 3D printing. By enabling mass 3D printing, Additive Assurance promises to transform industries from automotive, to aerospace, and even medical devices with specialised, localised, precision production on demand.

Advanced Robotics for Manufacturing (ARM) hub At QUT has: supported over 700 businesses to develop commercial solutions on 2 years , raised $40 million in additional project funds for industry. ARM Hub and has access to a world-leading network of R&D expertise.


UTS iStrip technology is an ultrasensitive quantitative lateral flow strip (LFS) sensor that uses new generation fluorescence probes to detect the presence of single molecules. This invention helps with the diagnosis of cancers, infections, and cardiovascular diseases, and has been licensed to a number of commercial partners for product development in specific disease categories.


Source https://techtransfer.org.au/aussie-innovators-making-global-impact/


Monday, August 08, 2022

Where are you in the Cash / Profitability Quadrant

JCAL and Molly shared 2 amazing quadrants with cash on the y axis and profitability on the x axis .

In which quadrant are you? 

As my mentor Allen Pathmarajah and friend Alan Miltz says

“Revenue is vanity Profit is sanity And cash flow is king and queen “ 

https://youtu.be/KlfN_imtve0






Wednesday, August 03, 2022

Female Founders Kicking Goals Globally


Thanks Simmie Swil for sgaring with us female founders  who have recently raised funding across fintech, healthtech, sustainability and even digital fashion!

 💳 Mexican fintech Stori became a 🦄 after raising $150m in their Series C round at a $1.2bn valuation. Stori is focused on improving financial inclusion by offering consumers access to credit history building and credit card products on their smartphones. Co-founder Marlene Garayzar  is the first Mexican woman to have founded a tech unicorn in her home country. Round was led by BAI Capital, GIC, GGV Capital | Bin Chen Guangyu (GY) L. Sherman He

💸TomoCredit raised $22m in Series B at a $222m valuation to provide access to credit without relying on a credit score, backed by Morgan Stanley's Next Level Fund and Mastercard. Originally designed to support international students in the US, Tomo now also helps domestic students and SMBs | Kristy Kim Dmitry Kashlev

🥔Julia Kay and Jordy Kay raised A$24m in Series A funding for their biodegradable packaging business, Great Wrap, to produce stretch wraps from potato waste. The round included equity from Darren Thomas, W23, the Grill'd Innovation Fund and Simon Griffith  from Who Gives A Crap; plus non-dilutive capital from Rabobank's DLL Group.

💊 Georgia Vidler and Kate Lambridis raised A$10.15m for their personalised healthcare business, Human, which aims to make it easier to access medical information from research and the experience of others. The team met originally at Canva and the round was led by Canva investor AirTree (Elicia McDonald) with additional investment from Skip Capital

🚨Sage raised $9m to modernise elderly care with their operating system for caregivers and nursing homes to prevent emergencies, improve quality oflife and replace the “nurse call” button. The round was led by Goldcrest Capital | Ellen Johnston Raj Mehra Matt Lynch

💊iLoF - Intelligent Lab on Fiber raised $5m in their seed round to accelerate the future of personalised drug discovery with a digital library of disease biomarkers and biological profiles to fast improve the speed and efficacy of clinical trials. The round was led by Faber | Mehak M. Paula Sampaio Luis Valente

❤️The Lowdown raised £2m for its sexual and reproductive health platform, providing women with consultations, reviews and digital tools regarding their contraception options, with 70,000 women using it each month. The round was lead by Speedinvest| Alice Pelton

💃🏽Daniella Loftus raised $1.5m for her digital fashion platform, Draup. The founder of This Outfit Doesn’t Exist plans to streamline the process of owning virtual styles and has been backed by Variant Neon DAO, Flamingo DAO as well as firstminute capital.
 

Monday, August 01, 2022

Flagship - bringing data to bricks and mortar retail - another Unicorn 🦄 in the family




Simon Molnar (brother of Afterpay Nick ) has got big shoes to fill …. And he’s filling them fast …. Founding FLAGSHIP with a bunch of smart cofounders and friends  - building “the smart store of tomorrow” from the basement of his mum’s house! 


Flagship is a retail-tech company, providing data to  retailers! 


  • Imagine if you can track how many times a product is touched, tried on, or looked at 
  • Imagine if you can track inventory levels and conversion rates in real time 

This can be done by FLAGSHIP with tags (powered by beacons around the store tracking items (currently apparel) around the store !


Is Bricks and Mortar retail here to stay ?


The question that is asked - isn’t everything going online !!!! There is something intuitive happenning says the “All-In”  industry veterans, degenerate gamblers & besties Chamath Palihapitiya, Jason Calacanis, David Sacks & David Friedberg who cover all things economic, tech, political, social & poker. (Google them) 




As a result of people working from home - and the covid fear of isolating wanes  - bricks and mortar retail is set to boom… 


People need people - the feeling of face to face is important - the feeling of being part of a village and seeing each other …. being able to touch other people …. The feeling of chatting to your neighbour …. The feeling of being part of a community and not being invisible .

Bricks and mortar still represent 70% of retail sales 


The Pain 

Simon diagnoses the pain 


“The goal was: how do we bring more of that e-commerce world into brick-and-mortar; the visibility, the data points, the control?”


“How do we bring that into this world and give more visibility into what’s happening before the item actually sells?”


Stacy Young talks to Paul Greenberg’s Nora network about the power of data in retail 




How Flagship Works 




A tag is attached to each SKU and, when moved throughout the store, sensors pick up its location, allowing for the tracking of their whereabouts and usage in real-time.


This data can then show when an item has been tried on and subsequently purchased, which items have been left in the change rooms, and how much inventory of a certain item remains. (Could this tech morph into a cheap rfid chip - that is tracked out the store using 4G or 5G technology - Maybe Laava on Steroids (Tony Surtees??? ) 


Imagine placing your basket on a counter, and every item is billed immediately by a sensor tracking all items in the basket ! 


Imagine tracking items that haven’t been “paid for”  at the counter !! Could this reduce pilferage? 


“Flagship will provide data - real-time - that will  improve efficiency, improve processes, and save retailers cost by not having to spend too much on manpower.” Simon Says 


Family Support 

Simon and a group of his mates have been working in the basement of Nick and Simon’s mum’s house - creating battery powered illusory beacons, which helped “prove the concept” - with Nick and his advisers backing mentoring and advising


The founding Team - each one a legend 


  • Simon Molnar 
  • Marcel ninio 
  • Ben rohald
  • Ryan lonstein 
  • Adam Goldberg
  • Deena Metz 
  • Roger Q
  • Mark Lazarus 
  • Fabio De Carvalho 
  • Luke brooks  
Inspired by smartcompany 


Redbubble - Powering Ahead



We are very proud to have played a small part in the journey of Redbubble 

It posted  3rd Q sales  $384 million with gross profit of $144 million and an Operating EBITDA was $4.5 million. - in line with expectations. 


Customer retention - 47 per cent of marketplace revenue coming from repeat purchases – the highest level since the company was founded.


It’s all about  the artist and consumer experiences, our goal is to improve loyalty and retention and provide outstanding customer service - this will create growth - said Michael Ilczynski, CEO.