Philo Ventures

Join us virtually on October 15th as Checkk AI, our latest portfolio company, unveils its new AI-powered solution, designed to save insurance agents hours of time each week and boost their bottom line. Get an exclusive first look at how this new tool is disrupting the industry by streamlining otherwise tedious processes, reducing errors, and allowing agents to focus more on client relationships. Hear from our team firsthand how they built this unique, AI-driven solution. 🚀 Secure your seat today: https://lu.ma/pms13cat

We’re looking forward to another great UT Tech Week. Mark your calendars, we’ll see you all there!

We are excited for our portfolio company, Addax Overland, to host its first-ever Warehouse Sale coming up this Saturday. Addax will be offering last year's off-road trailer models at unbeatable prices and will give away a trailer valued at $10,000, as well as other incredible prizes! Visit the warehouse sale on Saturday, Sept. 28, from 10 am to 5 pm at the Manly Bands warehouse in Lindon, where you can check out the trailers, enjoy the food trucks, and possibly walk away with a new Addax trailer! More details about the Addax Warehouse Sale: https://lnkd.in/dcPFQiuV

Congratulations to the 94 Utah businesses that made it on this year's Inc. Magazine Inc. 5000 List! We used AI to analyze the data around the Utah companies that made the list, and wanted to share some interesting insights: ✅ Software is the no. 1 industry of the Utah honorees, with Business Products & Services following closely behind. ✅ Salt Lake City and Lehi tied with housing the most Utah companies on the Inc. 5000. ✅ The average 3-year growth rate among these Utah companies is 2432%. Check out all of the Utah honorees: https://lnkd.in/gDsG3fke *Rankings on the following slides do not reflect Inc. 5000's company rankings but rankings among only Utah companies.

Tapping my network of sales professionals. Addax Overland is looking for a proven sales leader. If you or someone you know is in the market, please check out this page for more info: https://lnkd.in/gwrNUtJp

This illustration, courtesy of Matthew Burris, does a great job of demystifying venture studios. Studios develop in-house ideas, guide ideas through a rigorous validation process, assist in raising capital, and provide essential business resources. This comprehensive support contributes to the 30% higher success rate of studio-backed businesses.

Shoutout to Scott Evanson for the incredible things he's doing, both at Sandbox and here at Philo Ventures!

Congratulations to our real estate and hospitality teams on their recent acquisition of The Landing Hotel, Restaurant, and Pub in Ketchikan, Alaska. This exciting venture is part of our broader strategy to expand our portfolio of hospitality properties in unique, outdoor-focused locations. Ketchikan is a prime vacation destination–renowned for its vibrant tourism, outdoor activities, and cultural heritage. The Landing Hotel is situated right on the ocean and boasts 107 units. This exciting property also offers a restaurant and pub serving tourists and locals alike. Philo team member and CEO of Basecamp Hospitality, Jonathan Hooke, arrived in Ketchikan last week, where he’ll spend the next few months overseeing the hotel’s smooth transition (check out the pic of Jon arriving at The Landing Hotel). Those of you searching for a great vacation spot outside of the norm should check out this incredible hotel and destination. Ketchikan is known as the “Salmon Capital of the World” for its world-class salmon fishing. Visitors also enjoy kayaking, ziplining, and exploring the city’s unique Alaska Native history. To book a reservation, visit https://lnkd.in/gtdb7Szq. 

Shoutout to Nonsense for making waves in the edtech space. Check out how this new app is helping users learn new languages through movies.

Thanks Matthew Burris for posting a great description of venture studios and the value they provide.