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Erica Levin and Michael Bor talk about mobilizing the alumni from public high schools to make tax-deductible donations to their schools. The Fund For James Monroe has started. Talks are taking place with other Fredericksburg area school districts. The Richmond area is already involved along with Hampton Roads. tepf.org or JamesMonroe.tepf.org
Michael Bor is an experienced entrepreneur with over 20 years in finance, automotive wholesale and retail, fleet management and leasing, vehicle remarketing, technology, business development, sales, mergers and acquisitions, and management. Currently, Michael is founder and CEO of CarLotz, a high growth start-up that's revolutionizing the way consumers and commercial vehicle remarketers (leasing companies, banks and financial institutions, and large dealership groups) sell their vehicles...at retail versus wholesale. Michael founded CarLotz with two partners and has raised five rounds of angel, seed, traditional bank, specialty finance, and institutional capital (both equity and debt) to grow the business. In 2021, CarLotz became a public company through a SPAC merger and now trades on the Nasdaq under the ticker symbol LOTZ. Michael is also the Founder and Chairman of Orange Grove Fleet Solutions, a commercial fleet vehicle leasing and fleet management company. Prior to founding CarLotz, Michael was a Director in the Transportation and Logistics Group at Harris Williams & Co., a leading middle-market Mergers and Acquisitions advisory firm, where he worked for 7 years. Prior to Harris Williams, Michael was an investment banker with Lehman Brothers and a financial fraud investigator with PricewaterhouseCoopers. Michael's experience includes long-term assignments in New York, Tokyo, London, and now Richmond, VA where he currently lives. Michael serves on the Virginia Motor Vehicle Dealer Board. He holds an MBA from Harvard Business School and a BS cum laude in Finance from Lehigh University.
Michael Bor, co-founder and CEO of Carlotz and Matthew Ehrlichman, CEO, Chairman and founder of Porch discuss their successful experiences with Special Purpose Acquisition Companies (SPACs), why they're trendy today, and how to prepare if you're thinking about going the SPAC route. To see this in its full webcast form, visit corumgroup.com/resource-center
Michael Bor, co-founder and CEO of Carlotz and Matthew Ehrlichman, CEO, Chairman and founder of Porch discuss their successful experiences with Special Purpose Acquisition Companies (SPACs), why they're trendy today, and how to prepare if you're thinking about going the SPAC route. To see this in its full webcast form, visit corumgroup.com/resource-center
Michael Bor explains how LOTZ differs as an ecommerce vehicle company relative to traditional used car dealerships. The company business model is a unique consignment to retail based vehicle marketplace. LOTZ reported earnings whereby retail unit sales increased 12% year over year and net revenues increased 40% relative to the same quarter in 2019. In 2021, the company plans to open between 3 to 4 hub locations per quarter.
In this episode, Hugh and Dan discuss: Interview with CarLotz CEO & Co-Founder Michael Bor, Their SPAC Merger with $ACAM, Theme Changes in the Market, Short Squeezes & Position Sizing. 21-year-old millionaire Hugh Henne and his host, Dan, Deity of Dips dive into the stock market in a fun yet informative way (Prod. by Vinny Strokes and Starsky). The above references and Podcast are an opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Every team has to work at forming better as a team. Executive leadership teams are not immune. Today we look at how to increase alignment with the leadership team. Our guest is Michael Bor, CEO at CarLotz. Inc Magazine ranked CarLotz #435 on the 2019 Inc 5000 list. CarLotz is a consignment store for used vehicles. Michael shares insights on how to increase alignment with the leadership team. We talk about some simple strategies that you can use to improve the performance of your team. Get the show notes for Ways to Increase Alignment with the Leadership Team with Michael Bor at CarLotz Click to Tweet: Listening to an amazing episode on Growth Think Tank featuring Michael Bor at CarLotz with me your @GeneHammett http://bit.ly/gttMichaelBor #IncreaseAlignmentwiththeLeadershipTeam #Leadership #Culture #GHepisode653 #GTTepisodes #Podcasts Give Growth Think Tank a review on iTunes!
Michael Bor, chief executive officer of CarLotz, provides an update on the company and how its stores and operations have adjusted to the pandemic, as well has how they have begun to recover. Plus, Bor discusses the online car-buying option from CarLotz, its work with commercial consignors, the gap between wholesale and retail prices, expansion plans and more.
CarLotz CEO and co-founder Michael Bor on the state of the auto industry -- from the boom in electric vehicles and ride-sharing to innovations in self-driving and the supposed demise of the family sedan. This man would totally sell you a gently used Subaru...if he just could keep them on his lots!
Welcome to Episode 019 of the Lead. Learn. Grow. podcast. In this episode, we chat with Michael Bor, the Founder and CEO of CarLotz. Michael has an undergraduate degree from Lehigh University and earned an MBA at the Harvard Business School. Michael takes us on a fascinating journey through an entrepreneurial journey that began as a teenager, putting small screws onto a small box, and led him to founding one of the fastest-growing private companies in North America. Listen to Michael talk about his trusted notebook, where he'd sketch out one-page business plans on a variety of ideas - one of which led to CarLotz. Michael is a leader in Richmond's fast-growing entrepreneur ecosystem and shares a number of key concepts and ideas that'll help you in your business and life. Thanks for listening! *** On the podcast, I announce a complimentary training session I'll be doing on the morning of June 20th on Digital Prospecting at (fingers crossed!) our new Sandler Training Center. When this releases to the public, it will fill up quickly. As a podcast listener, you can save a seat by texting "SAVE MY SEAT" to 804.914.1723. *** If you enjoy our podcast, please rate and review. You can also subscribe so you'll be notified of new episodes as they are released.
Michael Bor, the Founder and CEO of CarLotz, grew his company's revenue from $2 million in 2014 to $24.7 million in 2017, a 1,107% increase, and to around $35 million in 2018. CarLotz is the consignment store for cars, where buyers save money, and sellers can get a cash offer today, or consign for thousands more. In this interview with Eversprint's Malcolm Lui, Michael shares how he and his team accelerated their high value sales by: Opening eight stores over the past eight years across the country. Growing the commercial car sales side of their business. Reducing staff turnover to well below industry levels. See acast.com/privacy for privacy and opt-out information.
“The consignment store for cars” has its roots in Richmond, but has quickly expanded beyond the mid-Atlantic region. In this episode, CarLotz Founder & CEO Michael Bor discusses his decision to leave behind a career in investment banking and the hurdles his organization has overcome in the pursuit of success.
Disrupting an established industry with Aaron Montgomery Why did you go into business for yourself? Was it for the chance to be in charge, to create your own path, to find the intersection of what you love to do with a way to make money doing it? It's safe to say that our next guest felt that way. Aaron Montgomery will tell you he feels incredibly fortunate to be doing what he loves - in an industry he is passionate about. But he will also tell you it's not an easy journey - that some parts of growing a successful business keep him up at night. He, alongside partners Michael Bor & Will Boland, have grown CarLotz, a consignment store for cars headquartered in Richmond, Virginia, to six locations in two states. What you will learn in this episode: *How the idea behind CarLotz formed *Why Aaron left a lucrative job for the uncertainty of a startup *How CarLotz was able to secure a half-million dollars in venture funding based on an innovative idea *The in-depth process of getting venture capital to back your business *What keeps Aaron up at night as the business grows *Aaron's habits for business success Links mentioned in this episode: To learn more about CarLotz and find the location near you, click here.
Michael Bor, CEO and founder of CarLotz, Inc. joined our program to share with us his path to CarLotz, Inc. CarLotz is a car consignment business serving clients in the Richmond, VA area. Michael talks about how his successful business model has created a niche in the automobile industry.