August Monthly Briefing

Brought to you by Render Capital

Author

Triet Nguyen
September 05, 2024

Patrick Henshaw speaking on “Fundraising in the Midwest” panel at Rally hosted by the Indiana Technology & Innovation Association.

What’s Going On

As the event season approaches, our team is gearing up to attend several major summits and conferences. We welcome the opportunity to connect with you during these events. Below, you will find a list of the upcoming gatherings where our team will be present. If you plan to attend any of these events, please don't hesitate to reach out—we would be delighted to arrange a meeting.

What We’re Reading

  1. Accumulation of Ascorbic Acid in Tomato Cell Culture: Influence of the Genotype, Source Explant, and Time of In Vitro Cultivation: Experiment using bioreactors with specialized bacteria to produce vitamin C from plant tissue. L’Oreal uses a biochem company to produce the vitamin C for their lipsticks and this has potential for military uses.

  2. Credit card debt hits record $1.14 trillion, New York Fed research shows: Consumer debt is on the rise($1.14T), default rates on consumer credit cards are also on the rise(5.8% YoY). Paired with increasing credit card rates, the average balance is ~$6K, which is more than most Americans GROSS in a month.

  3. The Story of a 2,500x Investment: Vinod Kholsa shares his insights on how he got a 2,500x investment. Advice for junior VCs and how to deal with bullies.

  4. Tattoo Market Size and Trends: The global tattoo market is worth $2.2B in 2024. By 2032, it’s estimated to be worth $4.8B+. In the US alone, there are 20k+ tattoo shops where customers line up to drop some serious dough, per The New York Times. With so many tattoos, the odds are high that some people will have ink regret. And even that’s a moneymaker: The tattoo-removal market is projected to hit $800m by 2027.

  5. After Slowing In 2023, US Median Round Size Again Growing: Median US rounds are getting larger with $1.3M is the median for seed in H1 2024. Round sizes for early-stage funding increased 10-35% in H1 2024 compared to 2023.

Who’s Hiring

Forecastr

Primary Record

Soundspace