Iterative Venture: Building a $13.6 Billion Dollars Network ✨
"The greatest glory in living lies not in never falling, but in rising every time we fall." - Ralph Waldo Emerson
Welcome to everyone who joined Iterative Venture in the month of June. Our membership number has now exceeded 1,000! 🙌
Hello Iterative Community,
We want to give you a quick update on the amazing progress we have made to build this community. (Plus, it’s about the time of PSC for our first half!) Since the founding of Iterative Venture, we have achieved:
Onboarded more than 40 Facebook alumni founders
Established partnerships with more than 37 syndicates, 7 venture capital firms, and 15 funds
But this journey is 1% finished.
Did you know:
$13.6 Billion Dollars: the amount of investment Facebook alumni founders have raised collectively in 764 funding rounds per Crunchbase
1,153 Facebook alumni founders and 1,933 Facebook alumni investors listed on Crunchbase, and many more not publicly listed
Of the investors, Google Ventures is number 7 among the most active investors that invested in FB alumni founded companies (joke’s on us!)
We are just getting started. Keep iterating. 💪
So what’s to come?
In the spirit of building the network of FB alumni founders and investors, we’ll be hosting the following events in the month of July:
Crypto & Blockchain Panel Discussion @ 12 PM PST on Fri, 7/16 - RSVP
How I Got Started: Inaugural FB alumni founders talk @ 4 PM PST on Fri, 7/16 - RSVP
Topics: How the founders found and validated their ideas, convinced to leave their stable jobs, met a co-founder, and built the MVP
Panelists: FB alumni founders (will share the details soon!)
ML/ AI Founders Roundtable with SignalFire @ 12 PM PST on Fri, 7/23 - RSVP
Topics: a group of alumni founders and experts in the ML/ AI space to network and discuss the latest industry trends and opportunities
Partnered with SignalFire
And there are many more topics in the making! 🛒 Please stay tuned and reach out to us if you have any questions or know of anyone as a potential speaker to this series.
Iterative Venture Update
We will be syndicating 1-2 new deals in the coming month. Updates will be made first via our AngelList syndicate, be sure to back us!
Our #thankyou 🤖
Sajid Rahman, Founder of MyAsiaVC, for co-syndicating Upstock.io. MyAsiaVC is one of the most active syndicates on AngelList with more than 100+ deals per year. The syndicate co-invests with Tier-1 VCs globally and has invested in 17 Unicorns and more. Click here to check out MyAsiaVC’s deals.
Dave Goldblatt, Crypto Expert and General Partner at Vibe, for leading the charge on the cryptocurrency group discussion. You can read more about his crypto-focused fund’s thesis here and join his fund here.
Andrew Baisley, Head of Channel, APAC at Asana, for helping us jumpstart a strong network with the APAC region.
Chirag Mahapatra, Engineering Leader at Facebook, for the continued support and for sharing your expertise in angel investing.
Lastly but most importantly, Steve Munich, for giving us the guidance and support on building a strong syndicate.
Market View and Fund Facts
This week, we recommend reading the Q1 Emerging Tech Indicator (ETI) report by Pitchbook.
The top 5 areas of technology investment in Q1 were: Biotech ($1.49b), Fintech ($808m), DeFi ($543m), Health & wellness tech ($353m), and E-commerce ($252m)
Across all areas, $420m was invested in startups that are using AI & ML technology to power core products
New trends noted in Q1: the strength of DeFi and Proptech-related investments with the rise of crypto prices, NFTs, and the ongoing work-from-home trends.
Other Interesting Contents:
Post-Pandemic Unicorn Market Cap by Elad Gil
Do You Have The Right Money Mindset to Get Rich? by Financial Samurai
Let us know how we did!💡
As we continue to grow and scale, we’d love to hear from you about how we can be better and what you’d like to see more of. Want to get involved with the Iterative community? We’d love to have your help supporting the community. Please use the link below to give feedback & share your interest in joining our efforts.
Keep iterating 💪