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...

A portfolio company moves into Shearwater Drive

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. Recent Posts A portfolio company moves into Shearwater Drive Why we’re happy to receive...

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

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. The reasons for this are many and understandable: the best founders need to hustle… so demonstrate this at the...

Playground XYZ came 8th in the Deloitte Fast 50

Four years ago the Shearwater Growth Equity team seeded the ad-tech start-up PLAYGROUND XYZ; joining the wonderful team headed by founders Rob Hall, Scot Liddell & Jonathan Mullins. Last night Playground XYZ came 8th in the Deloitte Fast 50, recording growth of...