Feel the Burn, Franchise Funding, and Just Keep Buying
“Innovation has never come through bureaucracy and hierarchy. It’s always come from individuals.”
~ John Sculley
The following excerpts are from the Social Leverage Letter. You can subscribe here.
In the current economic environment capital efficiency is playing a bigger role in startup evaluation. The bottom line is startups whose burn is high relative to growth are going to find it harder to raise funds. With tough decisions on extending your runway, the Burn Multiple is a good rule of thumb to balance growth and performance.
Founder in Focus
This week’s founder in focus is Denise Thomas, CEO and co-founder of ApplePie Capital. ApplePie Capital (Fund II) is a marketplace lender that enables franchisees to get new and more efficient sources of capital for their business.
This episode with author Nick Maggiulli is a must listen. Nick and Jim discuss the save-invest continuum, ideal asset allocation, and provide an in-depth comparison of the market in 2021 v. 2022. Nick blogs at Of Dollars and Data, and recently published Just Keep Buying, Proven Ways to Save Money and Build Your Wealth. His empirical research-based approach can help any style investor.
Panic with Friends
Howard goes one-on-one with former NBA Player Omri Casspi and dives into the ‘athlete as tech investor model. It’s often a winning combination that can provide access to some of the best deals. The parallels between professional sports and venture capital investing boil down to culture — i.e. how hard do they really want to win, and how much work are they willing to put in to be successful.
This short video will show you how to quickly make step-by-step guides, SOPs, or ebooks using the free Google Chrome extension Tango. In addition, it shows you how to convert your document into a PDF and jazz it up in Canva.