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Social Leverage Saturday's

Social Leverage Saturday's

Author
Howard Lindzon Howie Town
3 weeks ago
4 MIN READ

Good afternoon from Coronado.

I get a lot of requests to share updates from/about our portfolio companies and SPV’s that we have led over the years. While we share them by email with LP’s, many would prefer more regular updates as they happen here in my newsletter so I have been starting to post here on Saturday’s.

Fund 4 (2021) portfolio company finchat had a big product update and Braden the founder walks everyone through it:

Finchat is such a powerful research tool for fundamental investors. Braden also has a great newsletter for the company that caters to fundamental focused investors.

Another Fund 4 company that is growing fast is Punchup.live. They are winning hearts and minds of all the best stand-up comics who are taking back control of their content and communication with fans. Because hundreds of the best comics in the world are now sharing exclusive content directly with their fans, Punchup allows comedy fans to build an incredible feed of non stop fresh comedy. Punchup has also launched a ticketing platform which will make it easier for clubs to sell tickets and track and comics to earn a piece of the gate.

If you think comedy is just a small vertical, think again. Here are Nate Bargatze ticket sales just last year.

The CEO of CAA was on Bloomberg (minute 17 to be exact for the relevance of PunchUp) explaining the value proposition of Punchup though he is not yet aware that Punchup is already being used by comics and their CAA agents 🙂 .

You can listen to Danny talk about comedy, the company and life as a founder (post 123 years at Facebook) right here.

Another Fund 4 company of ours 11th Estate is quickly becoming beloved. They have now served 10,000 customers and processed $130 million in claims that would have been left at the table by investors left in the dark about collecting shareholder lawsuit claims. They now connect to your Schwab and Fidelity account …

One of our earliest Fund 4 investments was Beehiiv which continues the impressive growth. Here is Tyler with the latest numbers:

Coming any day now to Beehiiv is a website building tool powered by AI…

The company and Tyler were the subject of an Inc. cover story:

Tyler writes a great regular newsletter that covers life as a founder and the company

Next up…from our 2022 emerging manager fund…

The year 2022 seems like 100 years ago. The markets were headed into a tailspin and crypto was on life support. Bitcoin his a low of about $17,000 (now near $100,000) and Solana traded below $10 (now near $200).

We created and launched an emerging manager fund to asset allocate to start-up sectors like crypto, real estate and ai that we did not have great domain experience. About 17 percent of the fund was allocated to crypto managers and though it is very early in the fund lifecycle, crypto has been an incredible early standout. A few of our crypto managers have made investments in companies that have increased 100x (on paper). A few of the these early winners are outlined below…

Cadenza made a Pre-Seed investment in Together.ai prior to the launch of Chat GPT in late 2022. Together was recently mentioned as one of the fastest growing startups of all time achieving over $100MM of ARR in 9 months. The Company’s last financing round was led by Salesforce Ventures at a $1.25B valuation earlier this year and they are currently rumored to be raising their Series B. 

6th Man Ventures are seed investors in Pump.fun and io.net (the internet of GPU’s)

Multicoin is also an investor in io.net

Blocktower Venture Fund is an investor in Ethena.fi

Have a great rest of the weekend.

eth.fi


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