A point of view on the market.
This is copy from the mid-year newsletter: Needs updating.
We believe the next wave of transformational tech companies, led by seasoned talent and available at attractive valuations, is being formed right now. Several of today’s best companies emerged after the dot-com collapse and the global financial crisis. Heightened investor scrutiny and lower transaction volume is driving early-stage tech companies to relentlessly focus on capital efficiency and technology differentiation. This cohort of businesses represents a great opportunity for venture capital firms that continue to deploy capital, and has the potential to lead to asymmetric returns.
In 2024, we focused on
Investing in great companies
Paragraph here inviting people to read about the new companies we invested in. Will feature blocks linking to press releases from: Statt, Osyte, Azimuth, Virdee, Osyte, HuLoop
Distributing
to our investors.
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Building
great companies.
In 2024 we worked to build up our existing portfolio companies to help push their groundbreaking technologies and increase value across our portfolio.
Over the past five years, TeleMed2U’s revenue has grown by nearly ten-fold. We recently profiled the company’s journey from a business that struggled with execution to one that become an attractive acquisition target.
Known as WorldsNQ, the innovative platform promises to redefine how companies use AI to measure and improve physical operations.
In March, App Orchid showcased its cutting-edge generative AI technologies designed to revolutionize the data and analytics space at the 2024 Gartner® Data & Analytics Summit.
Serving the ecosystem.
Texas Founder Christmas Party
Blurb about Christmas party
SXSW
Moneta Managing Partner Aasim Hasan moderated two panels at SXSW. “How Allocators Find the Next Great VC” (pictured here) featured panelists Beezer Clarkson (Sapphire Partners), Mark Shoberg (Capital Creek Partners), and Rosa McCormick (Wild Basin Investments). A recording of the panel can be viewed here.
The second panel was entitled “Raising Venture Capital During a Market Downturn” and featured Moneta portfolio company founders Katherine Allen (Flo Recruit), Dave Copps (Worlds), and Raymond Weisberg (Edge). A recording of the panel can be found here.
GSEC
For the third consecutive year, Moneta was the presenting sponsor for the Greater Sacramento Economic Council’s Annual Celebration. Pictured from left to right are Moneta Venture Partner Ashu Bhalla, Moneta LP Dave Lucchetti and Moneta Managing Partner Lokesh Sikaria. We are honored to be a part of such a bright and thriving ecosystem in the Greater Sacramento Area.
TVA
In April, Moneta attended the Texas Venture Gala, an event that recognizes and celebrates leadership in the Texas venture ecosystem. Speakers included members of the Texas State Legislature, Texas Chamber of Commerce and the Office of the Texas Governor. The keynote speaker was NASA’s longest-tenure Administrator, Daniel S. Goldin.
Moneta news.
In 2024, we welcomed two new Partners and a new Associate to the Moneta team. Eli Wolfson was also promoted to Senior Associate.
Jeff Olyniec
Jeff has been working closely with the Moneta team for several years while serving as the Chairman of Moneta portfolio company, Reviver.
Ashu Bhalla
Ashu has a long working history with the Moneta partners, and most recently was the Chief Revenue Officer at Sibros, one of Moneta’s portfolio companies.
Saachi Sikaria
Saachi joins us from Ernst & Young, where she was an audit associate.
She graduated summa cum laude from Santa Clara University’s (SCU) Leavey School of Business and is a licensed CPA.
Promotions
Eli Wolfson
Senior Associate Congratulations to Eli Wolfson on his promotion to Senior Associate. Since joining Moneta in 2020, Eli has been responsible for sourcing companies for investment, conducting due diligence on new opportunities, and providing strategic support to Moneta’s portfolio companies.
Fellows and interns
In 2024, we were pleased to welcome:
Carolyn Taylor to the team as a Venture Fellow, as well as Ronan Brothers, Tashvi Munka, and Ayaan Kundi as interns. Lauren Best will be joining Moneta as a Venture Fellow in 2025.