Jamie here.
Sam and I co-founded Upside with the most iconic Youtube talent in the world, The Sidemen.
We saw that building consumer technology had fallen out of vogue, largely because VCs invested in it so heavily over the prior decade that customer acquisition became extremely expensive. The 'growth at all costs' mantra backfired to the extent that it became infeasible to build economically or invest in thematically.
But things have changed since then. Founders are now natives with content and product led growth, making zero or low CAC possible. AI has both shaken the VC world's belief that SaaS is a safe haven, and created an entirely new vector for consumer products. Developments in chips, robotics and autonomy have opened up an array of new form factors to build around. Consumer technology makes up a disproportionate share of the top returning VC-backed companies in the world. And now, it's time for the space to rip once more.
We invest in S tier pre-seed and seed founders in the UK and US alongside some of the most prolific investors in the world, and then work with The Sidemen and our growing global talent pool to expedite growth and brand visibility for them. We've brought 100m eyeballs and hundreds of thousands of users to our portfolio companies over the last couple of years, and this is only the beginning.