Goodwater

I’m thrilled to announce Goodwater's investment in POSH! For decades, the events space has been dominated by incumbent brands that no longer resonate with the modern consumer. When I first met Avante Price and Eli Taylor-Lemire, I immediately knew that their grit, hustle, and firsthand experience as event contributors made them the perfect duo to build a generational social platform loved by consumers. 🚀 Here’s why we invested in POSH: 🤔 Visionary Thesis: POSH is built on the belief that the next social platform with 1B+ users will bring people together in person. By making it easy for anyone to become an event organizer, POSH empowers a new generation of creators to connect and engage their communities. 📱 Robust Product:  From custom event branding and community management, to instant payouts and affiliate support, organizers consistently endorse POSH as having the most comprehensive and relevant feature set in the market. 📈 Impressive Metrics: In a short timeframe, POSH has amassed over 2M users and processed nearly $100M in ticket sales on its platform. The company’s best-in-class retention rates and growing marketplace activity indicate strong network effects taking hold. 😍 Customer Love: Organizers rave about POSH’s impact on their businesses. The platform's feature differentiation and dedicated support have been game-changing, and many creators already find that they can earn a living exclusively on POSH. 🤝 Founder Excellence: As dynamic and visionary founders with a deep empathy for organizer needs, Avante and Eli bring unparalleled passion and industry insight. Their personal experiences in the event space have enabled them to build solutions that meet real needs for organizers and attendees alike. Beyond excited to be partnering with the POSH team to help fuel the growing ecosystem around community-based events. Forbes: https://lnkd.in/gJEAEWDk Sophie Hoffman Ross Boberg

We originally had an AI thesis around 100x productivity improvements, and two years in was a good time to revisit it if it held true. It's already very clear that the reduction in cost is much greater than 100x for a widening set of use cases. The big factor remaining is about the quality of the output, and when (not if) the models will hit the required minimum quality to enable those use cases.

🚀Series A Benchmarking 🚀📈 Over the past few weeks, I’ve been diving deep with Seed stage founders, helping them benchmark their performance as they start to prepare and think about a Series A financing. At Goodwater, our exclusive focus on consumer tech businesses and our data-driven approach allows us to provide #entrepreneurs with detailed insights into their performance relative to peers and the broader market. This data can help founders set realistic goals, plan product roadmaps, and prepare for the next financing round, ensuring the business is healthy and on track. Here are two key metrics across different percentiles:  -Monthly Revenue -MoM Revenue Growth. While there is significant variation due to different business models, and unit economics, benchmarks like these provide a valuable framework for understanding where your business stands in terms of scale and/or growth. What other benchmarks or comparison sets would you like to see for Series A? #SeriesA #Benchmarking #StartupGrowth #SeedStage #Entrepreneurship #ConsumerTech #DataDriven #StartupMetrics #FundingPreparation #BusinessGrowth #RevenueGrowth #Goodwater #StartupInsights #Founders #TechStartups #FinancingRound

As a growing start-up, do you hire more for passion or experience? In my conversation with Sean Rad, he shares why having the right skills or experience is not always enough. At Tinder, he looked for people with "that fire 🔥 and unwavering commitment to the product and the user 🤝" The more passionate person will: ⭐ Overcome constraints. ⭐ Learn quickly. ⭐ Stay laser-focused on delivering the best outcomes. Create a culture of passion and commitment, and success will follow. 🚀

We’ve been named to CNBC’s list of World’s Top Fintech Companies 2024. 🎉🚀 This prestigious list is developed by CNBC and Statista, the world-leading statistics portal and industry ranking provider. “We’re thrilled to be listed as a CNBC World’s Top Fintech Company, highlighting our continued commitment to sustainable, profitable growth and our milestone achievements from the last 12 months,” says Stash CEO Liza Landsman. “Stash has incredible upward momentum and this recognition is a testament to that,” says Stash CFO Steven Hodgeman. “Our market is underserved and overlooked, and thanks to our rigor and recent successes, there is enormous opportunity to continue to scale efficiently.” Stash surged onto the CNBC and Statista annual list after achieving industry-leading business milestones. In the first half of 2024, Stash announced EBITDA profitability and 80% gross margin. In the same timeframe, the company also launched StashWorks, its financial wellness benefit for salaried and hourly employees backed by SHRM. StashWorks is now among the leading available benefit options for public and private employers to provide workers with trustworthy financial guidance and easy liquidity. Today Stash counts more than 9M accounts and more than $3.5B in assets under management. Link to announcement: https://lnkd.in/gphB46ZY #Fintech #InvestingForBeginners #FintechNews #InvestTech