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What is the Funding Split Between First-Time and Serial Founders?

CHART OF THE WEEK 📈

  • In startup investing, evaluating a company's founders is a key step in the due diligence process. And an easy thing to look for is whether a founder has had previous startup experience or not.

  • In 2022, there were more teams with previous startup experience than teams of first-time founders. But retail investors funded teams with serial entrepreneurs only slightly more than first-time founders.

  • Serial founders were most successful in the $500,000 to $1 million range, grabbing nearly 70% of investor activity there.

  • It's possible that retail investors are prioritizing a company's concept and performance over its founders' past experience. And there's little to indicate that simply having past startup experience gives founders a substantial edge.

To learn more about the funding split between first-time and serial founders in 2022, see our full analysis HERE.

PITCH REVIEW 💸

Brief: Apis Cor is a construction technology company that develops robots that can 3D print houses which reduces total construction costs by up to 30%. It’s currently raising a $5M at a valuation of $133,555,405 with a minimum investment of $250.

Key People: Co-founder, CEO, and Director Anna Cheniuntai; co-founder, Director, and CTO Nikita Cheniuntai (invented Apis Cor technology and author of patents related to Apis Cor).

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Summary

Here's what we like: 3D printing offers some unique advantages over traditional brick-and-mortar construction or timber framing. For starters, it’s a much faster construction process than conventional building techniques. Additionally, 3D printing produces less waste than traditional construction methods (by using precise measurements to ensure that no material is wasted or lost in production). It can also significantly reduce overall construction costs by using eco-friendly materials such as recycled plastics, metals, and concrete throughout the construction process. Not to mention you need way fewer people on the job when you have a robot doing the bulk of the construction.

Here's what we don't: 3D printed homes and buildings may offer more customization options than traditional construction techniques do. But those options are still limited to the capabilities of the printer — which means for now your neighborhood will probably just looks like something out of SIM City 🤷‍♂️.

Another big question I have is, how do 3D printed buildings age? Like, how TF do you alter them structurally? And while I certainly appreciate how new materials can offer better resistance to natural disasters (such as earthquakes and floods), I’m genuinely curious how they last over time. There are a lot of unknowns that I think will ultimately decide whether this technology truly takes off or not.

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ON THE POD 🎙️

As a long time art collector and enthusiast, Masterworks founder and CEO, Scott Lynn saw a massive space in the market for fine art - which includes many pieces that are valued in the millions of dollars - to be invested in fractionally but art lovers and investors worldwide. In this episode, Scott Lynn shares his foray into entrepreneurship, developing the Masterworks platform and the promise of the art + internet to make incredible opportunities. The two Scotts digs into the markets, expressing confidence the markets will swing back for alts. Lynn also dives into the Masterworks platform and how to think about artwork as a part of a diverse portfolio and how to build your own portfolio. Check out.

TOP DEALS 🌶️

Otherweb uses artificial intelligence to filter out clickbait and fake news on the internet, allowing users to access more trustworthy information. It boasts a community of 93,000 active users.

  • Valuation: $8 million

  • Minimum Investment: $100

Flower Turbines creates a variety of sleek wind turbines that can fit in tight spaces and work better when packed closely together. Its turbines are currently being used for sustainable battery recharging at Coldplay concerts.

  • Valuation: $124.6 million

  • Minimum Investment: $600

Atsign has developed an open-source technology platform that makes Internet of Things devices more secure. In 2022, the company received an award from the IoT Security Foundation.

  • Valuation: $35 million

  • Minimum Investment: $150