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September 2021
It’s been a while since you have seen the ATXnology newsletter in your inbox, but not without good reason. Knowing inbox real estate is highly coveted, we took a step back to really determine how we can add the most value.

We’re proud to unbiasedly announce (🥁please)...we did it.

So, hold us to it. If you don’t learn something and smile (or, at least smirk) in every quarterly newsletter, you have full permission to click unsubscribe, or passive aggressively send us to your spam.

Before we jump back in, let's catch up. Here are the highlights of what’s been going on at Next Coast since our last newsletter in 2020:

Everlywell acquired PWNHealth and Home Access Health Corporation and formed parent company Everly Health. Together, the combined companies support more than 20M people annually in the U.S., Canada, and Puerto Rico. Read it →

AlertMedia received a strategic growth investment from Vista Equity Partners to continue its rapid investment in hiring, accelerating its product roadmap, and expansion into new markets. Read more →

Sift, the leader in Digital Trust & Safety, acquired Next Coast portco, Chargeback, the pioneer in real-time dispute management for merchants. Now, merchants get the best possible protection from fraud while maximizing revenue. Read it →

Cardlytics (NASDAQ: CDLX), a digital advertising platform with more than 163M active users, acquired Next Coast portfolio company, Dosh, a cash-back offers platform, for $275M in cash and stock. It was Cardlytics’ first acquisition in its 13-year history. Read more →

ICON completed a $207M series B round of financing led by Norwest Venture Partners to 3D print homes and ramp up for NASA mars and moon missions. Next Coast is proud to be one of the earliest investors in ICON's journey and support a startup born and raised in Austin. Read it →

Next Coast Ventures is growing! Just this year we have grown from 7 to 11 team members including Adam Rogers as Partner, Adam Cross as VP of Investor Relations, Michael Tian as Associate, and Scott Miller as the newest Entrepreneur in Residence. Meet the Team 

-- And Now, Back to Our Regularly Scheduled Programming --

Trending Now: My Board Meeting Is Over. Why Do I Feel So Bad?

The Post-Board Meeting Blues are familiar to founders. Walking away from that conference room, you might be feeling like you got emotionally run over by a truck. But, that might not be a bad fact, it might just mean you are normal and headed in the right direction.

📖 Read the full article here (4 minutes)

Other Reads

👀 Stay In The Know

111 Austin companies made the Inc. 5000 list and four were Next Coast portfolio companies  #NextCoastNews🌀  #Austin

Kronologic raised $20M in additional seed round led by Signal Peak Ventures with follow-on from existing investors Silverton Partners, Next Coast Ventures and Geekdom Fund.   #NextCoastNews🌀

ICON landed more than $200 million to 3D print homes and will ramp up for NASA Mars and moon missions.  #NextCoastNews🌀

The $2.4B Austin startups raised in the first half of 2021 was already ahead of the $2.26B raised throughout all of 2020  #Austin

Vertalo plans to expand its physical footprint and more than double its staff after closing a $5M funding round. Three cheers for co-founder and CEO, Dave Hendricks!   #NextCoastNews🌀

It is Austin vs the cloud in the Ultimate Showdown for office work...who is going to win?   #Austin

Austin startup Eterneva raised $10M from Mark Cuban, Tiger Management, and Next Coast Ventures   #NextCoastNews🌀  #Austin

😎 Stay Trendy

🎟️ Check out ACL line up. If you haven't already, just exit stage-left from your cave and buy a ticket, because you don't want to miss the best month of music in Austin. Oh, and check out Moody Amphitheater for green space and live tunes.

🎧 Listen to "Everything" by 3LAU who also happens to be the co-founder of Austin-based startup, Royal, that landed a $16M seed round a few weeks ago.

📺 Watch season 2 of Ted Lasso on Apple+. Trust us.

🍽️ Eat at Aba or grab tacos at De Nada Cantina. Then, thank us later.

🍹 Grab a drink at Dive Bar and lookout for members of the Next Coast team...

📚 Read Mr. Monkey and Me: A Real Survival Guide for Entrepreneurs...we heard it is a pretty good, then when you finish read this Forbes article about Michael Dell's long-term view on entrepreneurship. Spoiler Alert: it is paying off.

🤔 Stay Curious

Whether you are a Founder, Entrepreneur, Board Member, Mother, Sister, Uncle, Teacher, Barista, have to try Loom

The video messaging platform allow our remote team members to stay connected and communicative. Oh, and if you're still not sure whether to try it, we have two words for you:

Less. Meetings.

Have a tool you can't live without? Reply to this email and let us know, so we can share it.

⭐ Stay Humble...NOT!

Here are some of the awards our portfolio companies secured in the last few months. Congrats to all the founders and teams that work hard day in, day out.
🏆 AlertMedia won Capterra's "Best Ease of Use" Award for 2021 in the internal communications category

🏆 Swivel wins PropTech BreakThrough Award for 3-D Modeling Solution of the Year

🏆 BOXT won Best White Wine Subscription on the Food & Wine List...and was featured on Eva Longoria's Instagram story last week! 🤩

Did we miss your team's award? We don't want that to happen again! Reply to this email to let us know whenever you win an award. We also celebrate these awards on our social media accounts.

Entrepreneurship Checkpoint:

Launch Your Glassdoor Page

You may think you don’t need one. You’re still such a small team, right? WRONG! Get ahead of this. 

Here's why...

  1. Gathering positive (but honest) reviews early will prevent a massive hit to your rating if your company was to get a bad review #knockonwood

  2. Provides interested candidates with extra data about culture, salary, and leadership

  3. 86% of job seekers look at a company's reviews and rating before deciding where to apply for a job (source)

  4. 86% of women and 67% of men in the US wouldn't join a company with a bad rep (source)

So, click “Forward” right now, add your Marketing/Ops person, then copy and paste this into the body: “Can you launch our Glassdoor page this week? Thanks.” Maybe throw in an emoji for flair 💁‍♀️

See you in November!
Until then, follow along with us on social:
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