Allied Venture Partners

Hello Partners,

As a current or prospective partner, this newsletter provides exclusive insights into our investment strategy, portfolio companies, and industry trends.

Thank you again for your continued trust and support,

Matt Wilson, MBA

Founder & Managing Director | Allied Venture Partners

Team Updates

• We are in the final stages of assessing 2-3 advisors in strategic geographies across North America to help with sourcing and portfolio support—more updates to come.

New Deals

• We are working with Alex and the team at N49P on an exciting new Canadian fintech investment. The deal will be shared exclusively with Allied LPs in the coming weeks.

• We are currently in late diligence with two additional prospective portfolio companies. Stay tuned for more updates.

Portfolio News

• Share has officially expanded into Memphis, Tennessee. Read the full post on LinkedIn.

• Share CEO & Co-Founder Andrew Kim sat down with the Toronto Star to discuss his real estate journey and Share’s innovative approach to real estate investing (full article)

• Vint launched their new fine wine & spirits marketplace, which is quickly becoming a very popular and lucrative arm of the business.

• ZenSports officially launched in Tennessee. Initial growth throughout the first six weeks has been phenomenal.

Industry Insights

We’re reaching the critical point of the year where funding slows as investors go on holiday. Any company still fundraising is likely in for the most challenging summer of the past ten years.

Personally, I enjoy the summer slowdown as an opportunity to speak with founders while other investors are on holiday. As our strategy dictates, I want to be a founder’s first conversation, yet the last money in. The summer months are an excellent opportunity to lay the groundwork for some very attractive opportunities come the fall.

On a macro level, 2021 excess continues to be trimmed from the market. As part of this process, we are seeing some very “creative” term sheets from investors who appear to have disregarded economics & control during the boon times and are now attempting to right the ship.

I recently highlighted some examples on LinkedIn, here and here.

Unfortunately, getting overly creative with term sheets almost always scares away prospective investors. As a result, many companies are failing to close bridge rounds.

Although I expect we’ll continue to see predatory behavior from investors over the coming months, I also think these bad actors will get weeded from the system due to poor performance, thus failing to raise subsequent funds.

Venture is a long game, and to build an enduring firm, I genuinely believe that how we respond under pressure dictates our future success.

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