📝 VC Memos (Week of Mar 6 - Mar 12)

"Onboarding just one practice introduces Sumday to 250+ clients; most of which have 200+ suppliers, representing 50K+ opportunities to be exposed to businesses along those suppliers’ supply chains… This compounding lead gen growth is a unique advantage for Sumday, and it’s starting to show. In 3 months post MVP launch, Sumday has onboarded 25 accounting practices (who are progressing through the certification course) and 50 businesses."

"Research indicates that ineffective communication among healthcare professionals is one of the leading causes of medical errors and patient harm. For example, CRICO Strategies investigated 23,000 medical malpractice lawsuits and found that over 7,000 of those lawsuits could be attributed to communication failures, resulting in $1.7 billion in malpractice costs alone and almost 2,000 preventable deaths."

"With HeadRace, employers can find the right recruiter(s) to help them fill a role, whether through handpicked recommendations or by posting an opportunity for recruiters to bid on... As the only platform that shows recruiters’ placement records, employers have added peace of mind that they are working with accomplished recruiters who are qualified for the job.

"ERS [is] a new certification standard [for carbon projects] that leverages technology to a) measure and verify impacts of offsetting projects on climate, biodiversity, and livelihoods, b) enable lower cost certification removing barriers to smaller projects, and c) enable faster certification allowing for the rapid increase of project supply needed."

"Players love inhabiting these [gaming] worlds, and that can lead to astounding cultural impact and business success, if executed well. Genshin Impact alone has 70M+ MAU and $1B+ annual revenue. However, the design and production complexity needed to create these games is similarly immense, as is the cost. The Believer team is one of the best-equipped to tackle this grand vision."

"Flock ingests the connected car data, and uses this to help commercial motor fleets identify, understand, quantify, and mitigate risks, incentivising them with lower insurance premiums. But Flock provides more than just insurance. They also offer the tools fleet managers need to help make their fleets safer and reward them for making safety improvements."

"Less than 3yrs post-launch, SpryPoint’s performance speaks for itself, with rapid market adoption fueled by unprecedented win rates and key customer wins that have sent shockwaves throughout the industry. Staying true to its capital efficient roots, SpryPoint continues to double revenue while maintaining meaningful profitability."