![]() And as I mentioned, we’ll invest up to two and a half million dollars or a percentage of that existing fund. And we will protect that position for as long as a thesis is pointing in the right direction. Our model is we’ll invest anywhere from a quarter million dollars up to two and a half million dollars per company throughout multiple funding cycles.īut we typically calibrate that with an initial bite size of anywhere from 250 to half a million dollars, depending on the stage, the size and the pricing at around our average initial bite size have been hovering in the four hundred thousand dollar range and we’d like to buy anywhere from five to eight percent of a company. So in the upside of our early stage practice, we’re investing out of our fourth fourth US fund. But OK, so within all those pieces, I could just as I send the questions about each one of those, then maybe we start with the early stage venture fund that’s here in L.A. Well, we’ll have to come back to the robotic lawnmower assembly. There’s some aspirations to vertically integrate that.īut happy to discuss those as well. So for now, we’re horizontal, horizontally integrated at some point. And at the same time, advise them on strategic nature of early stage investments. We co-manage it with them and which means that we get performance fees from them. And last but not the least is the most recent practice that we had, which is we’re just internally calling the venture strategies a practice for now.Īnd what that is, is we’re we’re working with a bunch of family offices who are interested in standing up their own venture practices within their family offices and within their organizations and helping them stand that up. So we’re not a fund of funds per se, but we have a different way of joint venturing with these guys and how we help them help them stand up that practice. And I can explain a little bit more why we like doing those things. We hope to expand that constellation to about four or five, possibly six sector funds. And we also have something in the sustainable energy side called Thin Line, powered by Wavemaker. I believe you had Jay Goss as a guest at some point called Wavemaker 360. And then we have we also have a small constellation of specific sector venture funds that we are joint venture partners with. So we’re building about four companies right now along the lines of autonomous lawnmower, a robotic pizza maker, a a commercial kitchen helper, that kind of stuff. ![]() And on each side of the market, on the on the venture building start side, we have a company called we have a division called Wavemaker Labs, which is essentially of interest video that primarily focuses on robotics and autonomous concepts. We both invest in the US and in Southeast Asia. And most recently, we started advising and working with family offices and small corporates. What that really means is we invest, we build. But we’re a bit we’re a bit horizontally integrated in that space. So our main focus has been early stage for the last 17 and a half years. We’re not only dual headquartered in Singapore, but we’re doing a bunch of different things in terms of the early stage ecosystem. So as you mentioned in your intro, we’re a bit multifaceted. You’re seeing startups, you’re seeding funds, you’re running a studio while you tell me about a high level, all the different activities. I mean, I think it’s a good place to start, which is just there are different components. Yeah, we’re a little different that way, but happy to talk about the entire the entire Wavemaker story and how we’ve evolved to where we are today. So I’m hoping I get to have one interview where I ask you about like four or five different things. I think you’ve got such a unique structure of all the things you’re doing at Wavemaker. Eric, thank you so much for coming on the L.A. Before Wavemaker Eric was investing out of Frontera and was twice a founder himself. Eric has invested in over 300, 350 early stage companies so truly one of the pioneers of L.A. Wavemaker is an early stage venture fund that’s dual headquartered in Los Angeles and Singapore. Eric Manlunas is the founder and managing partner of Wavemaker Partners.
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