I have attached an extract from an interesting article in today's Financial Review.
'Tom Waterhouse, the racing scion turned fund manager, has saddled up to meet Sydney’s rich and famous in hopes of securing a top-up for his five-year-old fund.
Street Talk understands the team began mailing out pitch decks earlier in January, requesting meetings with Waterhouse (official title, chief investment officer) and Peter Stevens, a portfolio manager.
Potential backers are being told Waterhouse VC is mounting a fundraising push because it sees opportunities in option deals with companies that provide technology services to bookmakers.
The flyer also lists an investment into Project Tennis, a betting syndicate, where Waterhouse VC expects to get its entire investment back in distributions within two years. Another investment, Voxbet, is a Siri/Alexa alternative for sports bettors. Lastly, there’s ASX-listed BetMakers which compiles data feeds for bookies and has lost nearly 56 per cent in the past year.