My Brain Food This Week...
Adenia buys The Courier Guy, Groq wants to eat NVIDIA's pie, building on WhatsApp, and I wrote about the startup cap table.
Story of the week:
How Much of Your Company Do You Really Own?
(Mansa Sithole)
Key takeaways:
Cap Table Mismanagement: Mismanagement of your cap table could be detrimental to the future of your startup.
Funding Mechanisms: Understand common funding mechanisms like convertible debt and SAFE notes, their features and implications for ownership dilution.
Considerations for Founders and Investors: Keep note of dilution, valuation, investor relations, and understanding terms and conditions of funding instruments.
🤔 What are your thoughts on managing the cap table? Do you use any special tools or notes for cap table management?
Let me know in the comments👇🏾
💎 Africa
Adenia Partners acquired 100% of The Courier Guy - one of the most recognisable last mile delivery companies in South Africa. A potential billion dollar win for Adenia, in an e-commerce market valued at an estimated $16 billion.
🌎 Global
Groq, the pioneering startup revolutionising AI acceleration, has just unveiled Groq Systems, signalling a major leap in its enterprise and public sector outreach. With the acquisition of Definitive Intelligence, a Palo Alto-based AI solutions provider, Groq fortifies its arsenal to make AI accessible to all. Led by former Definitive Intelligence CEO Sunny Madra, GroqCloud promises unprecedented accessibility to Groq's cutting-edge infrastructure.
WhatsApp represents immense potential that remains largely untapped and therefore under monetised. There's a growing shift towards leveraging WhatsApp for business communications, with startups emerging to dominate this space. WhatsApp Business tools indicates a move towards facilitating business interactions on the platform. Additionally, the potential integration of WhatsApp Payments could further accelerate its adoption as a super-app akin to WeChat.
Other reading:
Patient capital, diverse exits: Verod-Kepple’s vision for the future of African startups
The First Public Pension Funds To Buy Bitcoin Are Up 10x Now
🚀 Podcasts & Video
🤔 What did you think of the story of the week, or any other piece of content?
Let me know in the comments 👇🏾