Altea Update: Mar 21

How’s your bracket looking? Congrats to the six people who picked McNeese State to knock Clemson out yesterday.

Spring meetups are firming up – read on below and check out the ​Altea events space​ for more.

Not yet a member of ​Altea​?

Join today for a pittance >

Let’s get to it.

As ever, always do your own research, nothing here is financial advice, and stay safe out there, kids.

Meetups

We’ve got a packed agenda this spring with several meetup scheduled in both the USA and Europe.

🇩🇰 Copenhagen, Tue Mar 25 @ 6:30pm

Next week! Both Stefan and I will be there.

This should be 3-5 people. We are meeting at ​Baest Cocktailbar​ at 6:30pm.

RSVP here ->

🇬🇧 London, April 10, @ 1:00pm

We’re kicking off spring meetups in London on April 10, 2025

Here’s the rough plan for the day (everything is optional; please just let me know which bits you’d like to attend):

1 pm: Lunch

2:30 pm: Roundtable

5 pm: Cocktails and debriefing

Location TBC

RSVP here ->

🗽 NYC Altea Meetup – April 28, 2025

Here’s the rough plan for the day (everything is optional; please just let me know which bits you’d like to attend):

2 pm: Private tour of the ​Jean-Paul Xavier​ showroom.

5 pm: Roundtable (​Freemans​)

6:30 pm: Cocktails and tapas (Freemans)

8 pm: Supper (Freemans)

RSVP here ->

🍑 Atlanta Altea Meetup – April 30, 2025

Altea’s marching through the south on April 30th, 2025, and you’re all invited.

Here’s the rough plan for the day (everything is optional; please just let me know which bits you’d like to attend):

4 pm: Roundtable

6 pm: Cocktails and tapas

7 pm: Supper

RSVP here ->

🌴 Los Angeles Altea Meetup – May 1, 2025

We’re wrapping up our spring meetups in LA on May 1, 2025.

Here’s the rough plan for the day (everything is optional; please just let me know which bits you’d like to attend):

1 pm: Lunch

2:30 pm: Roundtable

5 pm: Cocktails and debriefing

Location TBC

RSVP here ->

⏰ Closing soon

🍹 Altea Tequila Distillery – Documents are out

This is closing now. Last chance if you want in.

March 26 – All paperwork and funds due

🍷 Carnation Capital SPV 1 | Closes May 1 | 20%+ IRR

We’re taking commitments for this now. Please let me know asap if you’d like to participate.

👉 ​Express interest​

👉 ​Join the conversation​

PS: I think Elaine will give a talk and offer a tasting at our London meetup in April.

Please ​RSVP if you’d like to attend​.

🏇🏻 Horse Pinhooking | 40% IRR – Closes April

Due diligence is proceeding more slowly than expected as we work out the kinks on Distributed Due Diligence.

That’s the bad news.

The good news is that we’re digging further into this deal than any before.

So we’ll compress this into a one-month timeline — which is actually the plan for all deals going forward.

Timelines

March 1 – Deal memo available

March 1 – DDD complete

March 10 – Hard commits locked in

March 16 – Paperwork available to review and sign

April 30 – All paperwork and funds due

The Equus team is hosting potential investors at auctions in March and April. Please note it in the EOI below or email me if you’d like to attend.

👉 ​Express Interest​

👉 ​Join the Conversation​

💬 Discussions

• 🌾 Lucas wants to know if you’ve ever invested in ​specialty agriculture​
• 🏦 Brian makes a good point: Private credit and bank lending are ​becoming the same thing​
• 🥃 Travis shows how whisky storage in an HMRC bonded warehouse would prevent a future ​Tasmanian whisky scam​
• 🇸🇦 The Saudis are buying Pokémon Go: Is it all a ​data play​?
• Oliver says Tesla is a “​carbon-offset arbitrage business​ masquerading as an EV company.”
• 🍷 Wine expert Finian chimes in on ​falling global vineyard values​

I think bulk / value wine was well overdue a correction. Wine will do well in the long term but needs to be focused on quality, transparency, and provenance (not just marketing).

Expect a rise in high quality producers in new world regions serving the domestic markets they operate in with much more accuracy and relevancy and in the mid-term, some consolidation.

Short term pain for legacy producers shilling out mass produced, poor quality wine is not necessarily a bad thing…

– ​Finian Sedgwick​

👋 New Members

• ​Gerry​ from Bloomington, Indiana is the founder of ​Doriot​
• ​Jennifer​ just separated from her job and moved to Maui
• ​Andrew​ is an acquisition entrepreneur who buys HR tech companies

📚 New Book Recommendations

• ​The Innovator’s Dilemma​: Oldie but a goodie. This book has shaped so much of Silicon Valley’s ethos that it has become a cliché.

🎟️ Private (All-Access Pass needed)

🎉 New Perks

Our friends at ​​Money Pickle​​ figure out your needs, then match you with top, vetted financial advisors.

We’ve partnered with Money Pickle to get you a free video consultation.

That’s it for this week. Please let me know your questions, comments, or suggestions.

Cheers,

Wyatt