Is a SAFE the same as priced round with a full full ratchet?

October 20, 2020

SAFEs can sometimes have unintended consequences. Especially when it comes to founder dilution. Read More

$0 to $100m ARR in 3 years? Most likely a spreadsheet error

September 9, 2020

The lies of small numbers are magnified when put into a spreadsheet. If you end-up with $100m revenue in your start-up's business plan, it's almost certainly more wrong that it should be :-) Read More

Why we don’t sign NDAs

June 21, 2020

Like most VCs, Shearwater doesn't sign NDAs. Here's our explanation on why. Read More

Not all gross margins are the same

June 1, 2020

We look closely at gross margins (GM) at Shearwater - here's why. Read More

A portfolio company moves into Shearwater Drive

May 6, 2020

In one of life's serendipitous moments, our most recent portfolio company Diffuse Energy has moved into a new office...on Shearwater Drive. Has to be a good sign! Read More

The first Shearwater Growth Equity founder’s dinner for 2020

February 23, 2020

The first founder's dinner for 2020. Read More

Why we’re happy to receive cold-contacts at Shearwater

February 13, 2020

The standard line in venture is that the only way to get a meeting is via a warm-intro. Don’t bother with cold-contacting a VC, it’s said. We're not fans of this approach, and here's why. Read More

The S&P shows staying on top is getting harder and harder for incumbents

January 13, 2020

In 1964, the typical S&P 500 company was in the list for 33 comfortable years. By 2016, this had reduced to 24 years. And it's forecast to shrink to just 12 years by 2027. The pace is innovation and disruption has literally never been faster. Read More