By Tom Winnifrith | Thursday 10 June 2021
The great one has not lost her touch in the bullshit department. Facing both criminal and regulatory investigations into, inter alia, alleged abuse of client cash, Julie Meyer’s new venture, Viva Partners (VIP), seems to have a few issues as well, not least an inability to get out 2019 accounts and holding an AGM for 2019, which even Ms Lingerie on Expenses admits is a bit naughty. Thanks to Winnileaks, I can bring you a barking mad letter Julie emailed out yesterday.
I add in hot links to articles here on Drive and on her Greek property ventures showing what bull Julie “clean living” Meyer is spouting to her lucky investors.
Dear VIP Shareholder
A couple of updates for you:
Whereas as we make steady progress on the FS 2019 Audited Accounts, and the adoption of Swiss Accounting Standards, they are not finalised yet, so we will postpone our AGM, technically required before end of June 2021 until we have the audited accounts done. We are going as fast as we can, but there is a wholistic view that we must take to prepare ourselves for the future.
VASHI – I’m attaching the VASHI May Trading Update; it’s an extraordinary company much more likely to get acquired by Apple (my cousin ran M&A for them, and it was always fascinating to listen to him discuss what good looked like) than LVMH, but should be a significant home run for investors. Pleased that so many of the VIP shareholders are backing Vashi Dominguez who is short-listed for the E&Y Entrepreneur of the Year Award. He will be our opening keynote at the FTE Mykonos on the 4th of October 2021. https://globalftenetwork.com Vashi has become a great friend, and is the calibre of entrepreneur that we will continue to back through our platform. At 6’4’’, he’s one heck of a technology disrupter.
DRIVE – winning business in the emerging Electric Vehicles ecosystem; we have repositioned the firm to be the dashboard for fleet managers of EV’s. There are tremendous opportunities there currently (ABB, VW, Oracle, EuropCar). A significant de-risking point is being achieved this month, and I look forward to updating you soon. You wait for the bus, and then they all come at once….
ARVIEM – Data as a Service player in the logistics space has gotten skinny so that it can run faster. The VIVA Diet where we put all entrepreneurs on a max £120 K/year salary and remove other silly characteristics has been successfully applied. We are working diligently on a plan for pre-IPO funding; their peer group are doing well, and there is a race to position the firm as one of the winners.
SPICE VC – the portfolio is doing exceptionally well; we have a steady flow now of interested family offices and HNWI’s who are considering investing. There have been three IPO’s and several further funding rounds for the portfolio companies. I will send to you separately their materials and update. I have a big audacious goal for SPICE for 2021. Having met Tal Elyashiv 4 years ago this month at the Norman Hotel in Tel Aviv, it’s fabulous to see how far they’ve come.
KEANAISSANCE – The COVID travel rules are not helpful from the UK. We are kicking off with Edition 1 on the 17th of June at VCD 1 in Melisakki, Kea. Do let me know if we can entice you down. Shareholders are always welcome. KEANAISSANCE will be our platform for entrepreneurs and investors – their circuit breaker. We have big plans for KEA. https://keanaissance.com
Greek Property – over the past 18 months, I’ve developed some interesting funding and property relationships. Many of our VIP shareholders are buying in Athens and Kea (including me!), and I am happy to help.
The FTE Mykonos – 1-5 October – we will welcome 200 entrepreneurs and investors to hear their visions for the future of their industries on the 1st of October. https://globalftenetwork.com . As many of you know, I’ve been going to Mykonos since 2014, and visiting Greece since 2013 when my book was translated into Greek. I lived in Mykonos for 2 months last summer. The country is on the up and up. There are significant opportunities for us as a firm and our portfolio and platform in Greece.
I am grateful for your support. Truly grateful. The many messages of support and strength are extremely heart-warming to me. I guess the benefit of being the age I am and having known so many of you for so long, is that your friends know who you are as a person. Blowing my own trumpet for the moment, I am an extremely strong individual mentally and psychologically (good clean living, 12 years of athletics as a girl, fanatic mother, father created an industry, belief system, survived life in an entrepreneurial family as a girl) so I will get through the turbulence to the cruising altitude – nobody promised easy - but your support has been much appreciated.
I have the good fortune to be surrounded by a group of colleagues who are just extraordinary who you will meet over the next months – Steve Piper and Scott Fulton, both based in the UK, being two prime examples. They have been incredibly valuable to protecting the assets of the firm, and to securing the basis for investment returns for our shareholders. Anna Takvorian and Chris Doulke manage our growth in Greece, and are doing an exceptional job. For those of you who will meet them at KEANAISSANCE, you’ll see their commitment to the firm.
Happy as always to take a call if there is anything of concern in what you see, hear or read.
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