Joe Kudla

The global athleisure market was valued at $306.62 billion in 2021 and is expected to expand at a compound annual growth rate of 8.9% from 2022 to 2030. With athleisure wear being so versatile - seen at home, at the gym, at work, and on the streets - it’s no surprise there are a growing number of DTC brands in this category. The Charm.io team used the The Charm Growth Score™ to identify the fastest-growing DTC athleisure brands. Get the full list with in-depth insights into the metrics driving their success. Download the free report here: https://lnkd.in/eV9E5QSv The Robin Report #athleisure #ecommerceinsights #dtcbrands #CharmAnalytics

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It’s one thing to go to events in DTC and e-comm, it’s another to fully take advantage of them. Here are my two main takeaways from the conversations I had at Shoptalk in Vegas: 1) Meeting/chatting in person is key to deepening relationships. I had the opportunity to meet customers, partners, and even Prive team members for the first time in person while at the event. Chatting in person helped us bond and understand each other better, which holds a lot of value. It was also cool to see that even in a very competitive market, people are still genuinely kind and friendly. It might seem from the outside that competitors should dislike each other, but I saw first-hand at ShopTalk that we’re all in this together and can still be kind to one another in the process. 2. Strong partnerships are something more brands are looking for. When talking with brand founders, the one big thing a lot of them mentioned was the desire for a strong partnership with every company they work with. Many people shared that they were left unsupported with tools/tech after buying them — this underscored the value of our approach at Prive. We prioritize a partnership mentality, offering whatever help our customers need post-onboarding. For a lot of brands and industry leaders, the emphasis is on the quality of partnership, not just the product features. Overall, ShopTalk was a blast and it was great getting to chat with every single one of you. If you were there — do you feel a similar way?

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Exciting news for startups! California accounts for about 50% of all venture investments. The not-so-secret reason is that non-competes are illegal in California, so engineers at FAANGs can build competitors without fear. Today, the US Federal Trade Commission declared non-compete agreements illegal nationwide. This means that engineers at big tech companies can now leave and build their own companies without fear of violating a non-competes (legacy agreements for executives are still enforceable - talk to your lawyer), this is a step in the right direction for fostering innovation and competition across the country. A variety of big-business groups have vowed to sue to bring non-competes back, but at least for now, they're gone! #startups #innovation #competition #noncompete Official Announcement: https://lnkd.in/gRXUpgDy Impending lawsuit: https://lnkd.in/gqSiVuTd

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🌟Innovative VC Firm Overcomes Exits Drought with Secondary Sales🌟 ⛵Navigating a challenging landscape where exits are scarce, Santa Barbara Venture Partners (SBVP) has pioneered a novel approach to sustain its growth and attract investors for its second fund: secondary sales. Instead of waiting for traditional exits like IPOs or acquisitions, SBVP opted to sell shares of its portfolio companies, demonstrating its ability to generate returns for investors and stand out in a competitive market. 🎤According to Dan Engel, founder and managing partner of SBVP, these secondary transactions have been a game-changer, sparking investor interest and bolstering the firm's credibility. By leveraging its recent successes, including a lucrative stake in sports-betting company DraftKings Inc.' acquisition of digital lottery app Jackpocket, SBVP seized the opportunity to return profits to its limited partners (LPs) and pave the way for its second fund. 💡Engel highlighted the challenges faced by young VC firms in raising subsequent funds, particularly amid a downturn in exit activity and heightened investor scrutiny. With traditional exit routes becoming increasingly elusive, the pressure is on for firms to demonstrate tangible returns and establish a track record of success. ✨"For us, secondary sales have been a game-changer. They've helped us return profits to our LPs and attract investors for our second fund," said Dan Engel. 💰For SBVP, the decision to pursue secondary sales was driven by the need to provide liquidity to LPs and validate its investment thesis in the eyes of prospective investors. By strategically offloading portions of its holdings in high-performing portfolio companies like Bark Technologies and Rad AI, SBVP not only generated substantial returns but also bolstered investor confidence in its ability to deliver results. ⚠Despite the complexities and potential stigma associated with early share sales, Engel emphasized the importance of prioritizing investor returns and seizing opportunities to unlock value for stakeholders. With a focus on profitability and transparency, SBVP remains committed to its mission of delivering sustainable growth and maximizing returns for its LPs. 🔍 "Returning profits to our investors is our top priority. By strategically selling shares, we're proving our commitment to delivering results and driving value for our stakeholders," added Engel. As SBVP continues to explore secondary transactions and expand its investor base, the firm stands as a testament to innovation and resilience in the face of market challenges. 🚀 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VCInnovation #SecondarySalesSuccess #InvestorReturns #ValueCreation 

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Optimized purchasing and route management drives increased profitability for brands and stores to SHARE! With limited banking resources and no operating leverage, efficiency drives better cash flow. Plan your routes and shelf space with DATA to support profits with 240 Logistics!

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•We are in that part of the business cycle when “back to basics” becomes the needed path forward for many companies •Growth via innovation is hard but is exactly what creates durable profits and lasting brands •In Life Sciences, we are seeing brands recalibrate portfolios. In Health Insurers, we are seeing rationalization of fringe assets and refocusing on strengths. In Hospitals, we are seeing long-term asset / capital planning and service expansion

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I said it, so here's my take on today's Outdoor Retailer show. There is something new (and old) happening. IMO, they should lean in and position it as the place to discover tomorrow's brands, and the buyers will follow. I love Grassroots Outdoor Alliance but for completely separate reasons. At Grasscon, we see our extended family (our retailers) for a reunion twice a year. It's amazing and helps us build real relationships. But we also need to meet some new people, you know. We're still young! The industry needs a place for the next generation to make their mark. Maybe that's OR again? “We met retailers that are brand new, and they’re going to buy their first assortment and are looking for smaller, newer brands that everybody else doesn’t have. And that’s something that you don’t find at the other shows we attend – retailers are looking for new brands here,” said Andrew Gibbs-Dabney, founder of LIVSN, an exhibitor at Outdoor Retailer. “I love seeing people that I only see once or twice a year. When we’re in our little bubble back in Arkansas designing, we’re not out in the world. This is our chance to go out and test the things that we think are great, get feedback, meet people that we haven’t seen in a long time, and really just be a part of the industry.” #tradeshow #outdoorindustry #outdoors https://lnkd.in/gY-fzkGG

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What is game changing about Twig Ventures model? Levi Reed and their team gives *hands on* fractional support for a few months before helping you bring your baby to investors. As a first generation college student, WOC founder, that generous act of service speaks volumes as I've really had to build my network from the ground up and that access to top quality support is PRICELESS! 👉🏽 Investors - fill out their typeform to learn more 👉🏽 Founders - DM their Twig Ventures page on LI directly You rock Levi!

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Boards of Directors – How Relevant To The Business Is The Board? In 2014, activist investor Starboard Value successfully replaced all 12 directors on the board of Darden Restaurants. The following shows the Darden incumbent board at the time of Starboard's proxy fight, Starboard’s value creation plan initiatives, the Starboard director nominees and the before and after performance (revenue, EBITDA, EBITDA margin and stock price). Note especially the direct relevance of each Starboard nominee to the industry or some aspect of the value creation plan. How often do you see this level of relevance on public company boards?

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An insightful Podcast Interview with Sam Altman on the Future of AI In an in-depth conversation on a recent tech podcast, Sam Altman, the visionary leader of OpenAI, provided detailed insights into the development and impact of artificial intelligence, particularly with the upcoming release of GPT-5. Innovative Release Strategies. Altman revealed that the launch of GPT-5 might differ from previous models, with a phased rollout to manage the integration of new features more smoothly and ensure robust security measures are in place. Broadening Accessibility: He emphasized OpenAI's commitment to expanding access to AI technologies. Altman discussed plans to bridge the gap between paid and free users, ensuring that advancements in AI are not just exclusive but benefit a wider audience. Impact of Open Source on AI: Altman praised the open-source community for its critical role in accelerating AI technology and making it more accessible. He underscored the potential of open-source efforts to lead to significant breakthroughs in AI functionality. Economic and Ethical Considerations: The conversation also touched on the potential economic disruptions due to AI advancements. Sam stressed the importance of preparing for changes in the job market and discussed the ethical considerations necessary to guide responsible AI development. This podcast is a must-listen for anyone in the tech industry, from developers to executives, offering a deeper understanding of the strategic decisions behind AI developments and their broader implications. https://lnkd.in/def6F-Mb

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To all #founders and #entrepreneurs out there, our intro meetings are conversational and easy going. Feel free to message me to setup a call. Learn what Pioneera Ventures can do for you!

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Everybody needs a place to put their love. - Karina Dresses tagline, circa 2012 In 2012 I made my first investment in a #femalefounder who also happened to be 50+. At the time I had no idea how unusual these founder traits were. I just knew the founder was passionate, authentic, experienced, perfectly aligned with both the product and the market. Most importantly there was a strong emotional bond between the product and the customers who bought it. 🤷🏾‍♂️- it just seemed like the smart thing to do. Not a lot of my investor buddies agreed at the time- probably not so surprising. Fast forward 10+ years and the value of my investment is ~20x & the amount of free cash flow distributed to equity holders is substantial & still increasing YOY. My takeaways: ✅Invest in authenticity, passion and intimacy (customer)- no matter what the founder profile looks like relative to others. ✅Follow your gut. ✅Not every deal is venture scale worthy. But there’s a potential investor for every deal. ✅Be the best version of you, not a lame version of someone else. Works for both investors & founders. :) Congratulations to Karina and the team at Karina Dresses! Proud as punch to be on this journey with you all🚀

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It is a great privledge to be backing Stella Garber for a second time, as well as her sensational co-founders Brian Schmidt and Justin Gallagher. It’s also great to working with Index Ventures again, too. One thing I have learned in my venture career is that humans are lazy, and software that does simple things can feel like magic. Hoop uses AI to automatically harvest to do items from all of your communication channels. Today it’s single player, and in the future it will be your whole team. Read more about why we invested: https://lnkd.in/geTy-kyZ

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Your brand is not your logo. 🎨 It's your reputation. 🌟 In today's noisy markets, having a compelling brand narrative is just as critical as having an innovative product. It's what sets you apart, earns trust, and drives growth. Warby Parker built a brand around making high-quality eyewear affordable for everyone. By anchoring their story in this authentic purpose, they've created a mission-driven, customer-centric brand. Craft your brand narrative around: 1️⃣ A clear, authentic purpose 2️⃣ A relatable protagonist (your customer) 3️⃣ A transformative journey 4️⃣ Your unique value prop 5️⃣ An inspiring vision for the future Tell a story that turns customers into fans and advocates. Build an asset that appreciates over time, even as your products change. #branding #startups #marketing

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Consolidation of connected fitness continues... High-tech home rowing startup Hydrow, Inc. just bought a majority stake in SPEEDE. This gives Hydrow a foothold in the less crowded strength-focused space, where Tonal is the market leader. But Speede is taking a different approach. They are positioning themselves as the peak performance machine targeting pro and amateur athletes and only selling into commercial and team-based setting. Cool to see the market and product offerings growing fast. https://lnkd.in/edn7pZ2D

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I love this! Thank you to Rachel Brown from Beauty Independent to kick-off this exchange with Andrew Ross' provocative thesis and have us all react to it. I truly enjoyed reading everyone's thoughts on the topic of the shortening lifecycle of beauty brands. Here is a snippet of mine: "Because beauty brand lifespans are shortening, it is important that we are able to differentiate brands with staying power from brands that will end up being a flash in the pan. There are much more of the latter than the former in the market right now, and if a brand is not well-positioned, it will be challenging for that brand to survive over the long-term. That’s why we focus on understanding each brand’s differentiators and long-term relevance." See more here: https://lnkd.in/esVbwnu2 and you will discover what Kevin Murphy, Odile Roujol, Rich Gersten, Tina Henry Bou-Saba, Oliver Nordlinger, Claire Chang, Manica Blain, Sonya Brown, George Birman had to say. #beautyindustry #beautyinvesting Stride Consumer Partners

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Earlier this year, we surveyed our fellow Los Angeles-based GPs to get a pulse check on the LA venture ecosystem. Here’s what we found: 💗 Deal flow is healthy, and most LA venture investors (68%) are seeing the same or more deal flow YoY. ✈ LA investors are spending time in a variety of markets, with NYC, Austin, and SF following closely on LA’s heels. 🔍 Innovation is concentrated in AI and machine learning, space, and commerce. 💸 Funding is happening, but it’s barbell-shaped, with deals concentrated at the early and late stages. Funding post-Series A has been challenging. 🚩 LA is differentiated, but not without its challenges. Key difficulties include not attracting enough AI talent (despite having the largest number of engineers graduating from our region over any other in the United States); talent relocated to more tax-friendly or less expensive locations; and the great SoCal / NoCal divide 🙏 Thank you to all our many respondents! I’m so glad to be part of a venture ecosystem that includes great minds like Anna Barber, Brent Murri, W. Christine Choi, Sarah Tomolonius, Rob Smith, Win Chevapravatdumrong, John Tabis, Jill Royster, Jesse Draper, Ashley Balla, Britt Danneman, Tram Lai, Carmen Palafox, Elaine Russell, Deborah Benton Amanda Schutzbank, Brian Lee, Petra Griffith, Minnie Ingersoll, Shamin Walsh, Gabe Greenbaum...wow, this list could go on forever...plus too many other exceptional humans to name. You know who you are! Explore our findings more deeply with our survey dashboard: https://bit.ly/3JsaLaB

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