Welcoming Natalie Chapman to the team

Shearwater Capital is thrilled to welcome Natalie Chapman to the team as our first Venture Analyst. She’ll be setting up the structures of the role before heading across to study her MBA at Cambridge University. Recent Posts Welcoming Natalie Chapman to the team...

Why we don’t sign NDAs

The best place to document software is in the code. In the same way, the best place to enforce confidentiality when raising capital is in the term sheet. VCs and investors like Shearwater don’t typically sign NDAs. First up, confidential information really...

Not all gross margins are the same

We look closely at gross margins (GM) at Shearwater. Think of GM as what’s left of your revenue after you take out direct costs. If you’re a milk producer, then your GM is likely to be quite low once you remove the cost of the milk, bottles and so on. Tech...