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Avalanche VC: Q2 2023 Community Update
Portfolio News, Reading & Writing, Interns & Fellows, Mentions in the Press
Dear Friends of Avalanche,
We are excited to share AVC’s insights and progress from the past couple of months.
We have operated with the belief that during economic unpredictability people double down on learning, companies focus on productivity growth, and ownership becomes cheaper. Venture investment and fundraising are down from the past couple of years’ highs but builders are still building.
With massive technology and demographic changes now is the time to invest in the defining trends and platforms of the future.
Humanly raised a $12M Series A led by Drive Capital. Congrats team!
Boundless Life welcomed 83 new families who represent over 25 nationalities to 4 different destinations.
Tribute announced their introduction of 30-minute nano-connections and has partnered with upskilling platform Degreed.
Kurios was named one of the 100 best startups in Peru by Forbes Peru.
Between was selected as one of 70 out of 1,493 startups to pitch on stage at Collision 2023.
Upright Education has partnered with Front Range Community College – its biggest partner in the Mountain West Region. They also have upgraded their website.
Thinking, Writing, Speaking
Katelyn established a residence in Austin and has been diving into the local ecosystem. Katelyn’s been conducting one in-person meeting or event a day in town – come by and say hi!
Nived Kollanthara joined us as a Fellow for the Spring from MIT Sloan School of Management. He helped us analyze the DTC EdTech Market.
Matthew Xu joined us part-time for the summer as an analyst. Matthew is a rising sophomore at Duke who is helping evaluate deals, scour the landscape for companies we might be missing, and edit the OTF podcast.
Conferences and Meet Ups
Avalanche VC co-hosted a Seattle meet-up for 50+ founders and investors.
Katelyn attended the ECMC's Education and Workforce Innovation Conference, where we met over 30 companies in the workforce innovation space.
Katelyn attended Capital Camp hosted by Patrick O'Shaughnessy and Brent Beshore to deepen relationships with other investors, family offices, and founders. She met a few search funders who are buying and operating in the SMB space. This network has proven valuable as we examine companies in the ownership economy.
In the Press
Katelyn was named to Business Insiders list of 17 top venture capitalists to know who specialize in education-technology investing. Article here.
Katelyn was a guest on Episode 21 of Wannabe Angels. Link here.
Katelyn was a guest on Episode 9 of #AskWhy podcast from Mindstone, talking about lifelong learning, alternative education and AI. Link here.
What we’ve been reading:
Long-Term Trend Assessments Are Devastating—Especially for the Lowest Achievers. Article on the latest NAEP results.
Discover the Shocking Cost of Forgotten 401(k) Accounts. $1.6 trillion in forgotten 401(k) accounts are estimated to exist in the United States. With the increased rate of job switching, the number of left-behind 401(k)s will increase, too.
The European Expansion Report. How US Software Companies Win (And Lose) in Europe. By our friends at Frontline VC.
The New Language Model Stack. How companies are bringing AI applications to life.
A must-read from Sequoia. It starts with ‘Nearly every company in the Sequoia network is building language models into their products’ and ends with “It’s still early.”
7 Meta Themes Correlated to Outsized Returns. A tweet thread based on over pre-seed 250 investments.
Please always be in touch.
Katelyn, Dalglish, Eric, & Arvind