We are consumer tech investors empowering exceptional entrepreneurs everywhere to change the world for good. Learn more at goodwatercap.com
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Excited to back Seekho's $28M Series B! 🇮🇳
25M users learning new skills in 3-minute videos (from YouTube growth to stock market basics) all in Hindi/regional languages.
See why we invested here: goodwatercap.com/insights/go…
#EdTech #India #consumertech
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Goodwater retweeted
What does great Series A growth actually look like in consumer tech?
Fresh data pull from Goodwater Capital Sonar...
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📈Balancing Supply and Demand Pt. 1 📈 with @jonmcneill , CEO and co-founder of DVx Ventures, past President of Tesla, and former COO of Lyft.
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How do you maintain customer centricity as you scale? @jonmcneill, the visionary former President of Tesla and COO of Lyft, discusses his 80/20 rule in this clip from one of his Goodwater masterclasses.
Jon dedicates one day a week to engaging directly with customers - critical for getting a first-hand look at customer feedback, challenges, and the competitive landscape🚀 #consumertech #consumerinvesting
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We've been enjoying getting to know the Consumer AI co's in this batch 👏 @ycombinator #consumertech
One of the mega trends in this YC batch is the wave of consumer AI companies.
Consumer was stuck in the doldrums for years, but AI has brought it back in a big way.
Here are the 21 consumer AI companies that launched today. 🧵
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Congrats to @Read_CMO on their $21M Series A, led by Goodwater!
Read AI is building the future of work, where every interaction is improved with AI. We're grateful to partner with @davidshim and his team as they continue to deliver amazing value to customers in this next chapter 🚀
I'm excited to announce that Read AI has raised $21MM Series A led by @GoodwaterCap! In addition to the raise, @Read_CMO is introducing Readouts, AI summaries for email and messages (to go along with meetings).
This past year has been one for the record books with a 15x increase in meetings summarized, 18x increase in revenue, and 19x increase in new accounts (January 2023 vs March 2024).
As part of the raise, Coddy Johnson, Partner at Goodwater, and former President and COO of Activision Blizzard will be joining the Board of Directors.
“Read AI is at the forefront of reshaping how we work and collaborate. Whether in office, remote, in a community or with our families, Read AI’s connected intelligence brings together all the disparate inputs - meetings, emails and messages - to deliver clear actions and insight. These capabilities have made Read AI one of the fastest-growing consumer utility apps of all time. Goodwater is honored to join David and his team as a partner to help accelerate their growth and impact even further" - Coddy Johnson
Read is about getting to the heart of work – creating value, not sorting emails, expanding threads, and sitting in meetings and we couldn't be more excited to build to this mission with Goodwater, @MadronaVentures, @mattmcilwain.
And a special call out to the team at Read, and my co-founders Robert Williams and Elliott Waldron. We started with the idea that meetings could be improved with technology, and now we're building the future of connected intelligence and productivity AI.
read.ai/post/read-ai-raises-…
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Goodwater portfolio company @EmpowerlyInc runs a Startup Internship Program (SIP) that matches high-performing interns with cutting-edge startup companies at no cost to participating startups.
Empowerly students are seeking both remote and in-person opportunities. Internships can be unpaid or paid internships in technical and non-technical roles. Interested? Sign up here by March 27. go.empowerly.com/startup-int… #startups #internship
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Goodwater Partner, @coddyjohnson's advice on the best input for digital product #consumertech companies, to achieve higher retention, lower CAC and network effects.
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Users who come back 7 days in a row typically drive 80% of revenue.
Consumer pro tip: Focus on increasing the number of “7 of 7” users and encourage your team to build for them!
Speaker: Coddy Johnson, Partner, Goodwater Capital
#consumertech #engagementloops
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Check out our latest interview with @CatalinVoss, Co-Founder & CTO at @ReadWithEllo! Democratizing education through AI for the win 👏
🚀 Excited to share our latest interview with Catalin Voss, co-founder & CTO of @ReadWithEllo, an AI reading coach for children! 📚✨ Join us as we dive into how Ello democratizes education with personalized, scalable instruction powered by AI: goodwater-engineering.medium…
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Amazing work by the @ZeptoNow team. Successful product launch energy means only up from here🚀 @aadit_palicha @v0hra
1 Million Zepto Pass subscribers within 1 week of launch 🚀
The energy at Zepto feels just like the early days, and I've never been more excited about our company's momentum and strength of execution.
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Milestone alert: Goodwater portfolio company @monzo has raised $430 million in their latest round of funding.
We are proud to have partnered with @TSMonzo, @skaladeen, @t_blom, and the Monzo team since leading their Series C in 2017. They have built the world’s best digital bank and are just getting started!
With this new funding, Monzo is poised to bring its amazing suite of financial services to tens of millions more customers around the world. Congrats!
Read more here: bit.ly/monzo-430mm-raise
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Here, we can see '23 change in marketing spend relative to revenue by industry.
Health/Real Estate are up, while Workplace/Retail Services saw the largest drop. Overall, Health/Travel/Media had the highest marketing spend overall as a % of rev. Are you seeing the same trends?
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We are thrilled to announce our recent $10M investment in @FlowGPTOfficial!
FlowGPT is the largest open source store for AI-native applications, with a mission to bring AI to everyone. 🚀
For more info: bit.ly/flowgpt-10m-raise
#ai #aiapps #consumertech
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Every 6 months, we study our proprietary data repository to understand the latest trends in consumer tech. One key area of interest, post-ZIRP bubble, is how consumer tech startups are deploying marketing dollars.
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The good news: marketing spend relative to revenue has decreased, or at least flattened, for companies of all sizes. We also see that relative marketing spend decreases with scale, a requirement for achieving profitability. Are you doing or seeing the same?
#marketing #consumer
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🚀Today @PocketFM_App launched #PocketNovel, set to become India's premier online reading platform, connecting writers ✍️ with millions of readers 📚 #PocketFM #consumertech
Get ready to fall in love with reading. Introducing #PocketNovel #PocketFM
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Hallow made it to #1!! Amazing work by @alexathallow and team. Goodwater is proud to be part of your growth journey!
Temu employees: 10,000+
Instagram employees: 50,000+
TikTok employees: 35,000+
Google employees: 100,000+
Netflix employees: 10,000+
Amazon employees: 1,000,000+
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Hallow employees: 80
+ Jesus
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Staying in? Unleash your culinary creativity with @weee_official and dive into a world of unique ingredients delivered straight to your door.
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