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Don, Aaron and Jack unpack a big week in venture, AI and building companies. Venture Downunder with Innovation Bay: pirate parties, poker, the Kill All The Puppies triage session (bridge, dilute, sell or fold), and why founder pitches at events should be three minutes, not ten. Canva blames frontier AI costs for a rare revenue downgrade: growth guidance cut from 30% to 20%, Canva AI 2.0 halted, in-house models to replace OpenAI and Veo 3, and why Tribe cancelled its Canva seats for Claude Design. Sovereign AI: Prof Anton Van Den Hengel's case for Australian capability. The only capability that survives is research, your advantage is momentum not checkpoints, and Anthropic engineers reckon they have nine to twelve months of coding left. HotDoc founder Ben Hurst steps away after 14 years: the maturity to recognise when your company needs a CEO and not a founder, and why the two energies are different jobs. Incumbents milking it: Don's Ansarada rant (pricing that scales with your data room, a 2007 interface, switching costs locked in by your deal risk framework), and Airtable reportedly selling for about $1 billion, 88% below peak, with founders wiped out by the preference stack. How 26-year-old Grace Brown built Andromeda into a $100 million robotics company, and the story of Abby the robot getting a couple dancing to their wedding song again after 20 years. Anti-portfolio goals: Vu Tran on why making a top VC's anti-portfolio is a benchmark, not a rejection. Ken Griffin on Citadel buying Sowood's $30 billion portfolio overnight: things come to those who wait, but only what's left by those who hustle. Sharts: data centre investment overtaking hotels and retail, Peter V'landys and NRL scoring, Federal Circuit Court general protections claims up 100% in three years, and EVs plus hybrids about to cross petrol and diesel in Australian vehicle sales. hello@tribeglobal.vc
In this week's episode: We're back! Why patients and technology may do what the health system can't by Vu Tran. Don's latest addiction: Replit. Speed gets you a demo but not a quality product. Jense Admits he works 7 days a week, including holidays, in a constant state of anxiety, out of fear of going bankrupt. Sharts:
Vu Tran is the AFSP CT Capital Area Walk Chair. He talks about the American Foundation for Suicide Prevention's Out of the Darkness Walk at Dunkin Park.
This week, we discuss McSweeney's new quarterly issue: McSweeney's 78: The Make Believers, featuring writers of the Vietnamese diaspora. We are joined by contributors and guest editors of the issue, Thi Bui and Vu Tran, as well as McSweeney's Quarterly Editor Rita Bullwinkel. You can learn more about their work in the episode description below. [...]
Chasing Alfa: Oportunidades en los fondos de Inversión con Frederick Gimpel, Vu Tran y Andrés Aparicio
In this week's epsidoe: Findings from the Parliamentary Joint Committee on Corporations and Financial Services on the Wholesale investor tests are out. AI Agents talking in their own language (data over sound). Voice agents getting better. User experience is part of the rapid growth story: B2B feeling B2C. Vu Tran seeking resumes. Don't assume a static world: model performance and cost. Good Empire in administration. Sharts hello@tribeglobal.vc
In this episode of Founder Focus, we are joined by Dr Vu Tran. Vu is a visionary entrepreneur and co-founder of Black Sky Industries, a leading Australian aerospace and defense company specializing in sovereign solid rocket propulsion systems and advanced manufacturing. Before co-founding Black Sky Industries, Vu Tran was a co-founder of Go1, one of the world's leading online learning platforms. Go1, has raised approximately $400 million in total funding with the last valuation of approximately $3 Billion. The key topics of the episode include: Transition from Go1 to Defense Tech: Vu explained his journey from co-founding Go1 to co-founding Black Sky Industries. He emphasized the importance of succession planning and his realization that he thrives in early-stage ventures, which led to his pivot toward defense technology. Focus on Sovereignty in Defense: Vu highlighted the critical need for sovereign capabilities in Australia, explaining the risks of over-reliance on foreign defense systems and the importance of building local capacity, particularly in rocket propulsion and related technologies. Insights for Founders: Vu shared his belief in the value of self-awareness and understanding one's strengths and passions. He spoke about the importance of stepping back as a founder when necessary and fostering a strong organizational culture to sustain growth. Cultural Leadership Approach: At Black Sky Industries, Vu introduced the concept of separating HR administrative tasks from people and culture development. This approach aims to ensure personal and professional growth for employees while aligning their roles with the company's mission. Defense as a Growing Market: Vu discussed the expanding total addressable market (TAM) for defense technology globally, emphasizing the high demand and low supply for solid rocket motors and other technologies. He pointed out that defense tech is an emerging space with significant investment opportunities. Challenges and Misconceptions in Defense: Vu addressed public criticism and misconceptions about working in the defense sector. He emphasized the defensive—not offensive—nature of Black Sky's mission, focusing on protecting sovereignty rather than aggression. Bootstrapping Success: Black Sky Industries is entirely bootstrapped and profitable, with about 30 employees. Vu shared lessons from his Go1 experience about taking calculated risks and scaling sustainably. Technology and Innovation: Vu mentioned the potential second-order effects of defense technology on civilian applications, such as using rocket motors for research and innovation in other industries. Broader Perspectives on Venture and Growth: The discussion touched on the challenges of venture capital and the need for founders and investors to focus on areas with less competition and high-growth potential, such as defense. hello@tribeglobal.vc
In Season 6, Episode 144, our host Jason Stoughton is thrilled to welcome Vu Tran, Co-Founder and CEO of Butterflies AI.
In this episode of Tribe Talkin': More reflections from Southstart. Event with Vu Tran of Go1. Employment Hero V Hostplus. Hostplus calls for CEO's head. (AFR: Tess Bennett, Lucy Dean & Nick Bonyhady) New female founder grants in South Australia. Resources for addressing sexism, harassment, and bullying put together by Elaine Stead. US and European data for female funding. What are the chances your startup gets bought? Not high. Dovetail "struggling" with staff turnover and churn. (AFR: Jessica Sier) PWC cutting more people. The death spiral of professional 60% growth. Will the Canva secondary sale give rise to the "Canva Cartel"? (Capital Brief: Dan Van Boom) Selling a business for $500 Mil and the founders getting almost nothing. Statistics on VC's getting a 2nd, 3rd and 4th fund. Smaller funds have the best returns. TVPI= Theoretical Value, Possibly Imagined Macro/ Market charts hello@tribeglobal.vc
In this episode of Tribe Talkin': Facebook turns 20. An article by Daivd Swan on Facebook being the poster child for "enshittification". Kiki's founder Toby Thomas-Smith issues an apology. We share what we think of it. "The Founders Dilemma": what to focus on and the customer should be number one. An article in Startup Daily. We have a different view. People are trying to work out the LinkedIn algorithm. We think this explains it: Vu Tran provides great post on "sales velocity". Is a funding frenzy now underway? How safe are Safe Notes? OneVentures closes its first fund with a 4x return. AMSL lands its first customer. OpenAI now "speaking" 100 billion words per day. OpenAI may need "$7 Trillion" of capital. Will Nvidia end up like Cisco? ChatGPT used in relationship finding and advice. Jack tempts fate on Valentines Day. hello@tribeglobal.vc
This week, Pulitzer Prize winner Viet Thanh Nguyen discusses his new book A Man of Two Faces, a highly original, blistering, and unconventional memoir in which he rewinds the film of his own life with insight, humor, formal invention, and lyricism. Nguyen is joined by writer and professor Vu Tran. This conversation originally took place [...]
Does Edith Wharton hate us? That's a provocative question - but perhaps one that Wharton herself provoked, with her essay on the readers who damaged literature and her fiction satirizing the same. In this two-part series, Jacke takes a look at the type of readers targeted by Wharton: not the readers of trash fiction, whom she believed were harmless enough, but the readers of serious fiction who nevertheless read fiction in the wrong way. Does it include History of Literature Podcast listeners or even - gulp - its host? This episode is Part Two, which focuses on Wharton's 1903 essay "The Vice of Reading." Part One, which focuses on Wharton's 1916 short story "Xingu," will be available at the same time. Additional listening: Edith Wharton (with Mike Palindrome) 61 In the Mood for a Good Book - Wharton, Murakami, Chandler, and Fowles (with Vu Tran) 414 Henry James's Golden Bowl (with Dinitia Smith) Help support the show at patreon.com/literature or historyofliterature.com/donate. The History of Literature Podcast is a member of Lit Hub Radio and the Podglomerate Network. Learn more at www.thepodglomerate.com/historyofliterature. Learn more about your ad choices. Visit megaphone.fm/adchoices
Does Edith Wharton hate us? That's a provocative question - but perhaps one that Wharton herself provoked, with her essay on the readers who damaged literature and her fiction satirizing the same. In this two-part series, Jacke takes a look at the type of readers targeted by Wharton: not the readers of trash fiction, whom she believed were harmless enough, but the readers of serious fiction who nevertheless read fiction in the wrong way. Does it include History of Literature Podcast listeners or even - gulp - its host? This episode is Part One, focusing on Wharton's 1916 short story "Xingu." Part Two, which focuses on Wharton's 1903 essay "The Vice of Reading," will be available at the same time. Additional listening: Edith Wharton (with Mike Palindrome) 61 In the Mood for a Good Book - Wharton, Murakami, Chandler, and Fowles (with Vu Tran) 414 Henry James's Golden Bowl (with Dinitia Smith) Help support the show at patreon.com/literature or historyofliterature.com/donate. The History of Literature Podcast is a member of Lit Hub Radio and the Podglomerate Network. Learn more at www.thepodglomerate.com/historyofliterature. Learn more about your ad choices. Visit megaphone.fm/adchoices
Making Billions: The Private Equity Podcast for Startup Founders and Venture Capital Investors
Welcome to another episode of Making Billions with Ryan Miller. In this week's episode, I bring on my dear friend Vu Tran. Vu Tran is a former US Marine with a Logistics & Counter-Intelligence Background, as well as the founder of “Full Circle Restaurant Group”. Join us as he walks us through the most important part of leadership & pitching investors that is consistently overlooked. You don't want to miss it. Plus, Vu teaches us the 8 disciplines he uses when building a pitch that your investors will fall in love with.Learn to Launch your own Fundhttps://www.fundlaunchlive.com/2022?affiliate_id=3730376BlockFi Pays You Interest on Your Crypto Savings Account:https://app.blockfi.com/signup/?ref=155c31ecSubscribe on Youtube for Even More:https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQConnect with Ryan Miller:Linkedin: https://www.linkedin.com/in/rcmiller1/Email: ryan@pentiumcapitalpartners.comWebsite: pentiumcapitalpartners.com[MY GUEST]: Vu Tran Former US Marine with Logistics & Intelligence Background, Founder of “Full Circle Restaurant Group”, Fundraising & Entrepreneurship Beast!Vu served in the United States Marine Corps for almost a decade gaining experience in Lean Six Sigma, Supply Chain, Logistics, and Counterintelligence/Human Intelligence.Vu built a multi-million-dollar real estate portfolio after leaving the Marine Corps in 2018 which forced him to create his own construction company and partnering with a mortgage brokage that initially funded all his deals.[THE HOST]: Ryan is a Venture Capital & Angel investor in technology and energy. He achieved placement growth of 5200% ROI in his first 5 years in the industry. He is currently the Founder & Managing Director at Pentium Capital Partners specializing in Financial Consulting and Venture Capital investments. Previously he served as a Chief Financial Officer for a National, award-winning InsurTech company. Managed and mentored approx. 200 professionals while serving in this role. Additionally, he has mentored hundreds of emerging fund managers to start and scale their investment funds, totaling around $500M in funds raised to date as well as Managing a $250M portfolio of technology projects & startups. He has a BSc. in Finance and a Master of Financial Management.The private equity podcast for startup founders and venture capital investors. DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening to our episodes, you understand that no information contained in the episodes should be construed as legal and or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax and other licensed in the recipient's state, country or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered as a solicitation for investment in any way.