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This episode originally aired in February 2024 and quickly became one of the most popular episodes of The Journey. Whether you're tuning in for the first time or revisiting this conversation, this episode will help you make informed decisions in your business! Ever thought about raising venture capital for your business? In this episode, Morgan DeBaun breaks down everything a founder should know before diving into the venture fundraising process, sharing her invaluable insights from the perspective of both a fundraiser and an investor. In this episode: 00:00 Introduction to Venture Funding 00:10 Should You Raise Money? 00:48 Understanding Angel Investors 02:55 The Importance of Traction 05:23 Navigating the Seed Round 06:44 Legal Considerations and Mistakes 08:29 Painting a Big Vision 10:57 Executing Your Plan 11:48 Hitting Milestones and Fundraising Timelines 12:31 The Importance of Momentum 13:31 Series Seed and Extensions 15:16 Navigating Series A 17:29 Series B and Beyond 19:19 Balancing Operations and Fundraising 20:56 Final Tips and Resources First up, Morgan dives into a crucial question: Should you even raise venture capital for your business? Spoiler alert: More often than not, the answer is no. But for those who do opt for the fundraising path, Morgan warns that the venture capital journey won't be easy. Through the episode, Morgan breaks down the phases of venture funding, from the Friends and Family and Angel Round to the critical Seed Round, all the way to the Series A, B, and C Rounds and beyond. She shares the benefits and challenges of each round and highlights what founders should pay attention to as they navigate the process. Morgan shares what she looks for in the entrepreneurs she chooses to support as an angel investor: resilience and grit. It's these qualities that often make the difference between success and failure in the cutthroat world of startups. Not sure if venture funding is the right choice for your business? After you listen to the episode, check out Morgan's workshop [link below] which will help you decide if fundraising is the appropriate next step for your startup. Make sure to subscribe to the podcast and leave a rating and review! Pre-order Rewrite Your Rules: https://worksmartprogram.com/book/ Make sure you are following Morgan on TikTok to follow along with her beauty and wellness journey! https://www.tiktok.com/@morgandebaun?_ Join the Newsletter for More Exclusive Content: https://worksmartprogram.ac-page.com/thejourneypodcast Visit Mormatcha.com to make a purchase. Follow us on Instagram: https://instagram.com/thejourneybymdb Produced by MicMoguls.
In this episode of the B2B SaaS podcast, host Upendra Varma sits down with Dana Dunford, the CEO of Hemlane, a property management platform. Dana sheds light on Hemlane's unique approach to property management and the strategies that have propelled its growth, particularly focusing on the development of a robust affiliate program.Here are the key takeaways:Company Overview:Hemlane offers a hybrid property management platform catering to rental property owners seeking an alternative to traditional property management services.With a portfolio of 23,000 rental properties across all 50 states, Hemlane stands out in the market for targeting small mom-and-pop property owners.Customer Acquisition:Dana emphasizes the challenge of creating a new category within an industry and discusses Hemlane's early reliance on referrals for customer acquisition.The company leveraged its network and personal connections to initiate warm introductions and gather valuable feedback from potential customers.Dana shares insights into Hemlane's affiliate program, which contributes to over 50% of customer acquisitions through strategic partnerships and referrals from satisfied customers.Sales and Pricing:The average customer pays just over $79 per month, with an average portfolio size of eight rental properties.Hemlane's sales approach is low-touch, with demos provided as needed, reflecting the self-service nature of its target market.The company maintains a churn rate of less than 1%, focusing on maximizing revenue retention and ancillary services to drive additional revenue streams.Funding and Growth:Hemlane has raised over $12 million in funding through Series Seed and Series A rounds, positioning the company for continued expansion.The company's strong performance has surpassed key milestones, with current projections well exceeding the $5-10 million ARR benchmark sought by investors for the Series B round.Vision and Future Plans:Dana envisions Hemlane as a catalyst for eliminating the stigma associated with rental property ownership and empowering individuals to build passive income streams through real estate investments.The company aims to further scale its operations, enabling property owners to manage and expand their portfolios seamlessly from anywhere.
Series: Seed, Soil, & Son-Light Title: This Little Light of "Mine?" Scripture: Luke 8:16-18 Date: 3.17.24
Series: Seed, Soil, & Son-Light Title: Growing Roots Scripture: Luke 8:4-15 Date: 3.10.24
Series: Seed, Soil, & Son-Light Title: Growing Roots Scripture: Luke 8:4-15 Date: 3.10.24
2023 Angel Funders Report - https://www.angelcapitalassociation.org/angel-funders-report-2023/2023 OASB Annual Report - https://www.sec.gov/files/2023-oasb-annual-report.pdf Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.com And don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood
This is CC Pod - the Climate Capital Podcast. You are receiving this because you have subscribed to our Substack. If you'd like to manage your Climate Capital Substack subscription, click here. Subscribe to CC Pod wherever you listen to your podcasts:In this special episode of CC Pod, Michael explores Climate Angels with Vijay Rajendran, an experienced Climate Capital Syndicate Investor and Advisor. Vijay is not a typical interviewee for this show. From being an entrepreneur in commerce and fintech to advising both startups and big companies on product and strategy, his experiences have crafted his perspective on climate investing. He isn't a portfolio founder, but rather a colleague at Climate Capital who is helping to launch Climate Angels - an educational program for potential angel investors interested in the climate tech space.Climate Angels is designed to answer questions about angel investing, particularly in the climate field, which differs significantly from other tech verticals. It will guide participants through the process of developing a robust investment thesis, sourcing potential startups, evaluating them, syndicating, and eventually providing advice or guidance to portfolio companies.From our CC Insights article announcing the launch of Climate Angels:Angel investing, by the numbers.Angels play an important role in the larger venture ecosystem, providing capital to bridge early startups from company formation to their first “real” fundraise. * On average, angel groups invested a total of $5.3 million per group in 2022, an increase of 15% from 2020. The total amount invested in 2021 represents the highest total since the Angel Capital Association began tracking this data.1* Angels continued to focus on investing in pre-seed & seed-stage deals in 2021, reducing investments in later rounds. Angels invested more than 50% of their dollars in Series Seed, which accounted for nearly 60% of deals, up from 50% in the prior two years.* Startups that have angel backing are at least 14 percent more likely to survive for 18 months or more after funding than firms that do not. 2Vijay shares valuable insights into the differences between early and later stage investment, explaining how the journey from idea to seed stage presents unique opportunities and challenges. He emphasized the importance of understanding and evaluating the market potential and the quality of the startup team, crucial factors that every angel investor must consider.The conversation also delved into the shift in perception of climate investing. Traditionally viewed as impact-first and return-second, the narrative is changing. Vijay laid out a compelling case for climate as an investable category, suggesting that the focus should be on the myriad opportunities in the sector, from energy transition to food systems.The Climate Angels program is open to individuals who have dabbled in angel investing and are intrigued by the opportunities in the climate world. It also welcomes those who haven't invested before but are passionate about climate change and want to contribute to the sector in a meaningful way.The Climate Angels program is a unique opportunity to explore climate investing, learn from experts in the field, and contribute to the fight for societal decarbonization. For those interested in learning more about the program, visit the website.Disclaimer: Under no circumstances should any information or content on this page be considered an offer to sell or solicitation of interest to purchase any securities, including any securities advised by Climate Capital or any of its affiliates or representatives. Further, no content or information herein is or is intended, nor should it be construed as, an offer to provide any investment advisory service, financial advice, legal, tax, accounting, investment, or other advice from Climate Capital or any of its affiliates (collectively "Climate Capital”). Under no circumstances should anything herein be construed as fund marketing materials by prospective investors considering investing in any Climate Capital investment fund. Content contained herein does not constitute an offer to sell — or a solicitation of an offer to buy — any securities and may not be used or relied upon in evaluating the merits of any investment. Information regarding companies highlighted herein has been provided by third parties, and Climate Capital makes no representations or warranties as to its accuracy, as to the viability of any company listed herein, or the results of any investment in a listed company. Get full access to Climate Capital at climatecap.substack.com/subscribe
Reflect Ventures invests in core infrastructure areas where there are significant barriers to entry and where digitization can enable huge economic gains. Some of their focus sectors include logistics, supply chain, distribution, commerce, and fintech. They primarily co-invest with reputable institutional lead VCs in Series Seed and A/B rounds of B2B and B2B2C startups. In this episode, we talk about: - Investment thesis at Reflect Ventures - Investing in emerging markets - How they generate Venture scale returns with the typical VC risk? - "Hair blown back" moment for syndicates and more.. Links mentioned in the episode: Reflect Ventures website- http://www.reflectventures.com/ Pitch here - invest@reflectventures.com Michel's LinkedIn- https://www.linkedin.com/in/michaelfriedman88/ Jor's LinkedIn- https://www.linkedin.com/in/jorlaw88/ Hosted by Parshant Choubey - https://twitter.com/ChoubeySahab Full episode blog at https://vc10x.com/vc-scale-returns
In this episode, we talk with Jake Marmulstein.From the Atlanta area, Jake is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early stage companies, lead operations and finance, product, sales, and customer success efforts.In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed round of financing, and continues to grow the company.Jake received his bachelor's degree from Cornell University, where he emphasized in hospitality and real estate. He studied abroad in Rio de Janeiro and at Cornell was involved in grant writing for grassroots community service organizations while also forming a non-profit peer to peer mentorship organization.Join us for our new episode as we explore ways to help you live the life you deserve! Subscribe to my Youtube channel so you never miss an episode! Visit www.freedominvesting.com to see how we can help you!
Host Gary J. Ross talks with Jose Ancer, partner (and CTO) at Optimal Counsel and the author of Silicon Hills Lawyer, an internationally-recognized legal blog on emerging companies and VC fundamentals. Gary and Jose discuss the advantages and disadvantages of different securities instruments for emerging companies, including convertible notes and pre-money and post-money SAFEs; friends & family vs. angel rounds; the Series Seed and NVCA documents; valuation caps; and the significance of relationship building in the VC world.
Michelle Pacynski, VP, Digital Innovation at Ulta Beauty and Fund Advisor, Prisma Ventures and Agustina Sartori, Sr Director Innovation at Ulta Beauty and Managing Director Prisma Ventures joins us to discuss the role Prisma Ventures will play in driving innovation for ULTA Beaty. How it Works Prisma Ventures partners with early-stage startups that are primarily Series Seed and Series A technology companies within the following innovation pillars: Personalized & Data Driven Technology AR, VR & the Metaverse Technology-Powered Custom Beauty Products & In-Store Services Social Commerce These pillars mirror Ulta Beauty's digital innovation priorities and growth mindset, accounting for the majority of Prisma Ventures investments. The remaining investments are reserved for opportunistic technologies beyond the company's core digital strategy to disrupt other facets of retail, beauty, or commerce more broadly. The Ulta Beauty Prisma Ventures team will evaluate applicants based on five key metrics: Alignment with a Focus Area: Companies that align with Ulta Beauty's four primary innovation pillars Leadership & Cultural Compatibility: The startups' management experience, ability to execute, and cultural fit to enable successful collaboration Diligence & Risk Assessment: Successful completion of diligence across functions such as legal, technical, and business Business Plan & Scalability: Strength of value proposition, vision, plans to reach financial goals and scale IP & Differentiation: Novel capabilities, patents, and technologies To learn more about Prisma Ventures, please visit www.ulta.com/prisma-ventures. Give it a listen and let us know what you think? Podcast Guest Michelle Pacynski VP, Digital Innovation, Ulta Beauty Fund Advisor, Prisma Ventures https://www.ulta.com/innovation/ Agustina Sartori, Sr Director Innovation at Ulta Beauty Managing Director Prisma Ventures https://www.ulta.com/innovation/ Podcast Hosts Jeff Roster Twitter https://twitter.com/JeffPR LinkedIn https://www.linkedin.com/in/jeff-roster-bb51b8/ Website https://thisweekininnovation.com Brian Sathianathan Twitter https://twitter.com/BrianVision Website https://www.iterate.ai Podcast Website https://www.podbean.com/pu/pbblog-f8asf-af2782 https://thisweekininnovation.com Apple https://podcasts.apple.com/us/podcast/this-week-in-innovation/id1562068014 Spotify https://open.spotify.com/show/2QDqTUnt6jebdRHbRzSTJN LaunchPadOne https://www.launchpaddm.com/pd/This-Week-in-Innovation?showAllEpisodes=true Listen Notes https://lnns.co/2QPSfnizE5K #UltaBeauty, #thisweekininnovation, #TRI22, #5ForcesOfInnovation, #podcast, #retailpodcast, #VentureCapital, #VC, #innovation, #innovationstrategy, #retailinnovation, #Startup, #Startups, #Retailers, #retail, #retailindustry, #retailtechnology, #emergingtechnologies, #Founders, #Entrepreneurs, #VR, #virtualreality, #AR, #ArtificialReality, #metaverse, #ArtificialIntelligence , #AI, #InternetOfThings, #IoT, #blockchain, #socialcommerce, #unifiedcommerce, #ecommerce, #mobilecommerce, #lowcode, #computervision, #livestreaming,
Summary: Welcome to another great episode of Startup Junkies! On this episode, hosts Caleb Talley, Jeff Amerine, and Davis McEntire sit down with Greg Shepard, founder and CEO of BOSS Capital Partners, a boutique investment firm focused on Series Seed through Series B technology businesses. Greg also founded BOSS Startup Science, a school for entrepreneurs. Greg is a twenty-year startup veteran and serial entrepreneur, a Forbes author, a TEDX speaker, and the host of Meet The BOSS Forbes Radio show. Throughout the episode, Caleb, Jeff, Davis, and Greg discuss the curriculum of BOSS Startup Science and the methodology behind startup accelerators. Show Notes: (1:06) Introduction to Greg (1:45) Greg's Background in the Venture Capital Arena (3:39) About BOSS Capital Partners (8:32) Insights from Greg's Five-Year Study (17:28) Thoughts on Raising Money vs. Selling a Product or Service (20:55) Success of the BOSS Startup Science Methodology (24:52) Concept Centric vs. Entrepreneur Centric (34:42) Curriculum of BOSS Startup Science (44:04) Advice To Younger Self (50:32) Closing Thoughts Links: Caleb Talley Jeff Amerine Davis McEntire Greg Shepard BOSS Capital Partners Quotes: “I did this study and was trying to figure out why they were failing, but what I really needed to learn was when they were failing because the why was coordinated with the when. They always collided at the same time.” - Greg Shepard, (4:55) “I thought that the first thing I should focus on was helping them not fail, but the first thing I needed to focus on was helping them get into an accelerator in the first place.” - Greg Shepard, (6:18) “It enables the people that are running the venture studio to put together funds and start making money on the loads. I don't feel that is helping the entrepreneur. I think a lot of these things developed are helping the middle man but not really helping the entrepreneurs.” - Greg Shepard, (25:40)
Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company, Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial, and operational systems, led a Series Seed-round of financing, and continues to grow the company. He is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He shares his insights on how to achieve success, including tips on how to learn new skills and techniques. He invites listeners to visit groundbreaker.co to learn more about what Groundbreaker can do for you![00:01 - 10:54] Opening SegmentLet's get to know Jake Marmulstein!How he started Groundbreaker[10:55 - 16:10] Team Building and Motivating People To Achieve A Common VisionJake discusses how real estate investing is becoming more accessible and simpleHis background in tech startups helped him understand the importance of team building and motivating people to achieve a common visionGroundbreaker provides resources for syndicators and real estate investors, helping them learn about the industry and navigate through early stages[16:11 - 21:51] THE FINAL FOURWhat's the worst job that you ever had?When he worked in Johnny RocketsWhat's a book you've read that has given you a paradigm shift? “The Cold Start Problem by Andrew Chen”What is a skill or talent that you would like to learn? Language acquisition in order to connect better with peopleWhat does success mean to you?Jake says that, “Success is spending time doing what you want with whom you want, however much you want.”Connect with JakeWebsite: groundbreaker.coLinkedIn: https://www.linkedin.com/in/jakemarmulstein/ LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“I get energized with helping emerging syndicators are up and coming operators be able to navigate through some of those early learnings that are usually very cost prohibitive, or just really time consuming.” – Jake Marmulstein“If you're on the platform and you've been working with us for some time, the relationship is already established. ” – Jake MarmulsteinSupport the show
From the Atlanta area, Jake Marmulstein is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early-stage companies, lead operations and finance, product, sales, and customer success efforts. In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company. Jake received his bachelor's degree from Cornell University, where he emphasized hospitality and minored in real estate. He studied abroad in Rio de Janeiro and at Cornell was involved in grant writing for grassroots community service organizations while also forming a non-profit peer-to-peer mentorship organization. Jake has worked abroad in London, Madrid, Rio de Janeiro, and Puerto Rico and has a working proficiency with Spanish and Portuguese. Stay tuned and listen to how Jake Marmulstein shares his knowledge on the future of Real Estate Syndication through their Groundbreaker Technologies. [00:00 - 04:29] Groundbreaker Technologies: How to Scale Your Real Estate Investment Business Jake started his CRE investment career in 2011 at Watermark Capital Partners, a hotel REIT in Chicago He co-founded Groundbreaker, a software platform for real estate syndication, and began to build it out The platform is now used by real estate operators to raise money and manage their deals Jake has experience in software development and engineering, which helped him build the platform [04:30 - 12:19] Groundbreaker Partners with JV Equity Partners to Bring on Larger Deals Jake shares that they were able to get press coverage for their solution after building a basic version on the web. This helped them to attract interested prospects, which led to them being able to pay their office expenses with revenue from their solution. They are looking to build a comprehensive ecosystem of services that will help their customers grow and be successful. [12:19 - 17:20] Groundbreaker Software Introduces Education Program to Help New Class of Real Estate Syndicators Succeed Knowing that operators don't do deals alone, Jake and his company study carefully what that experience has to be and build a feature that allows people to do deals with each other without the problem where they share the data from their own investor list with the other group. They Don't want to be a CRM system or an email marketing system, but instead an investor management software. Jake notes that they have overcome alignment within the organization, but it's really hard to be able to work with people who aren't yet successful at doing a deal. [17:20 - 18:45] Closing Segment Jake Marmulstein, CEO of Roundbreaker, offers listeners a three-month free trial of their annual subscription if they type "Bricken" into their website's request form. Jake also recommends LinkedIn and Roundbreaker's website for contacting him. Reach out to Jake See links below Final words Tweetable Quotes "At the end of the day, were we going to be a financing system, were we going to be software? We can be both and really fielding those all structuring my questions and doing customer discovery." - Jake Marmulstein “It's real estate syndication. There's some complexity in doing that. Even marketing yourself to investors and building your investor base requires you to have an investment thesis and understand who the investor is that you're going after.” - Jake Marmulstein ----------------------------------------------------------------------------- Connect with Jake Marmulstein on LinkedIn. Visit their website Connect with me: Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: [00:00:00] Jake Marmulstein: if you're an operator and you're looking at who can be the best partner for you. You want to surround yourself with companies that are gonna really care about where you are now and help you to scale as you continue growing to set objectives that are mutually beneficial for both of you so that they have a vested interest in your success. [00:00:21] Sam Wilson: Jake began his CRE investment career in 2011 at watermark capital partners, a hotel REIT in Chicago, and after struggling to raise capital for his own deals, he found a groundbreaker a software platform for real estate syndication, Jake, welcome to the show. [00:00:47]Jake Marmulstein: Hey man, pleasure's mine. [00:00:49] Sam Wilson: There's three questions. I ask every guest who comes on the show in 90 seconds or less. Can you tell me, where did you start? Where are you now? How did you get there? [00:00:58] Jake Marmulstein: So when I studied at Cornell university an undergrad, I did a real estate minor. I graduated, worked in the city government of Rio de Janeiro doing foreign investment promotion. And that's where things all started for me. Now I'm in. Chicago, Illinois as a CEO and founder of groundbreaker technologies, a real estate investment management software company. And I got here by getting the experience, the basic experience that I needed. Throughout my early corporate career to identify there is a pain in the space for a lot of real estate operators experiencing it first myself, and then going to the market and looking at the way different firms were dealing with the problem. And I just, started with 10 grand in my bank account and the dream. [00:01:48] Sam Wilson: That's awesome. I love that. Do you have a background in software development, engineering, anything on that front? [00:01:56] Jake Marmulstein: I have friends. [00:01:58] Sam Wilson: All right. I liked that. I liked that. So tell us, how did you from concept to getting the idea hatched and built? Give us that quick story, because I think this is compelling for a lot of people that are sitting on ideas and don't necessarily know where to start. [00:02:12] Jake Marmulstein: So the, when, when groundbreaker was conceived as a idea, it was the first step frustration. And then there was changes in legislation, such as the jobs act, which pushed real estate platforms that were technology driven to do crowdfunding and market themselves pretty widely. So you think of like fundraise and Realty, mogul and Realty shares, and groundbreaker. Started basically as a result of some of that, we came into the market and said, well, there's a lot of people that are raising capital and underwriting deals, but the software in this technology to infrastructure is still needed.Is there going to be a world in which everybody has a technology and they're raising money from their own investors or crowdfunding, or, how's this all going to play? And we saw that the technology is needed in the space. And it's just a matter of time before all real estate operators will be tech enabled to have a system that they can use with their investors. So that raising money happens over in electronic means data and information is no longer stored in Excel. And that's the vision that I had when all of that was happening. it's a combination of laws that were changing and just the times, and, consumer behavior where people are moving towards using more digital solutions to interact with financial technology, looking at banking, brokerage, all of it is going towards having a login and a portal. So you can check your information from your phone. Why not real estate? [00:03:52] Sam Wilson: Yeah. Yeah. That's a, that's, you're absolutely correct. So what were some of the first steps you guys took in building this out? Having friends, but then going all right now, we're gonna develop a software. Now we're going to bring on team members. Now we got people to pay salaries, payroll, like how did all that work? And then when did you say man, this thing's actually gonna make money. [00:04:12] Jake Marmulstein: So that part was a little bit more nebulous when we began. We had a vision and that vision was strong enough to get people to come on board and spend their time working with us without having to necessarily take a salary. So we had equity in the early days, they were giving to the talent that came and built the product for us. And then we use that vision to convince. Reporters to talk about our solution. After we had a very basic version up on the web. And so we got press, which gave us free advertising, which brought in a lot of interested prospects to our website. And I would feel the calls and talk to them about their problems without actually knowing what the solution was going to be at the end of the day. Where we going to be a financing system where we're going to be a software where we can be both and really fielding those calls, structuring my questions and doing customer discovery. There's a course that Steve blank does called customer discovery. If you're ever going to start a company, you should absolutely take that course because the process to understand the customer segmentation and their pain points. Helps you to be able to chart the course on which problems you want to solve and which problems you don't want to solve and for whom. And so we identified that the problem was while people wanted access to capital, there was also a segment of the market that wanted better systems to be able to manage the capital that they did have. And so looking at the way that the market was moving. And the risks associated with being the capital provider and underwriting all those deals. We wanted to move in that direction of being a technology provider. And so we use that vision to sell those early prospects were really interested in what we're doing to pay us, $500 a month for the software and pay us an implementation fee to get it started. And so really we use that vision, that dream to sell people on the product before. We really had much of a product built by making them early customers and helping them build the product with us. And then it took me about Six months of not taking any salary and the business, really not making any money, just, paying its office expenses in order for us to crack through some revenue that resulted in a distribution to the partners. [00:06:34] Sam Wilson: I liked that. That's a lot of the way that people who are starting out in, especially building teams early on as the active. Sponsor or investor. A lot of us start out that way where it's like, Hey, we're all going to get together. And we're going to, we're going to put our heads together and work really hard. And then it might be six, nine months or a year before we crack the nut and actually begin started making the money. So I like, that's not an unfamiliar chart or an unfamiliar territory for many of us. Tell me, you said there that you guys were trying to decide early on whether or not you want to do. Finance company, or you want to be a technology, you guys went into technology, but yeah, one of the things you and I talked about off air was that you guys are looking to build a comprehensive what you call it, a comprehensive ecosystem of services. Can you break some of that down for us? [00:07:17] Jake Marmulstein: Yes. So the real estate operator who uses groundbreaker and we focus on is a small to mid-size. Syndicator that may have a couple of deals that they've done using Excel. And they're mostly communicating with their investors through email. Maybe they use Dropbox or a CRM system, and they want to formalize their business and be more professional and more efficient by using a solution like groundbreaking But also these folks don't have a well-established network or relationship with capital partners and services. So there's other solutions that we can provide as a business to be able to make that experience of going from. One to two deals to 10 deals or 20 deals or $2 million sized deals, $10 million sized deals, easier and more scalable for the company that's working with us. So when I say the services ecosystem, if you're an operator and you're looking at who can be the best partner for you. You want to surround yourself with companies that are gonna really care about where you are now and help you to scale as you continue growing to set objectives that are mutually beneficial for both of you so that they have a vested interest in your success. And groundbreakers is doing that for the sponsors that we're working with by having a long-term vision where we rolled out. Different services that are embedded into our core product and our system so that you can get everything you need from us, whether that comes from legal or underwriting or capital or insurance, or even help operationally on the deal. Because we are a technology company that's providing that infrastructure, that layer to organize your business. But once you're using us, you're also. We're also, in a way, partnering with you because the more that you grow and the more deals you do on groundbreaker, the more successful you are as a customer, the more we're we are successful, the more you're likely to bring on other deals or other customers to us. So we want all of our customers to grow up and supporting them through those services as a way of helping them. And it's also a way of us creating additional revenue opportunities for the business. [00:09:40] Sam Wilson:What's it been like, cause each of those sound like their own siloed kind of business, if you're bringing on, JV equity partners and getting to know those people out there that are looking to joint venture, but don't want to necessarily be the active sponsor. And now you're building out a technology platform and then you're connecting all of those. What's that actual process like and how do you silo those and perfect each of those without distracting from your corporate. [00:10:04] Jake Marmulstein: That's a great question. And we've thought about that a lot as we worked on piloting some of those services and getting initial traction from them, our core business is to bring on. Early in up and coming real estate syndicators that want to build and scale their business. On top of groundbreaker looking at us as a partner, that's going to help them to grow and the way that we impact growth through the. Other services is mainly by partnering with best-in-class providers and allowing those partners to have access to customers so that they can render their services and the customer can get value when they need it. So an example of that would be. One of my clients is doing a $12 million deal. It's one of their first larger deals. Initially when they began with us, they were doing smaller deals, like $3 million, $4 million deals in C class with C class assets, C class locations. And they really proved themselves out over the last two years and build their business. And they were successful in turning a lot of those assets. But now they want to swing for larger size deals. And their investor base is also confident to be able to invest more capital in them at this point. But they're going to need some additional capital to be able to fund some of these larger acquisitions. And by having that relationship with groundbreaker, we're able to know where they are in their cycle, what they need. So we've told them about our programs. Okay. They're entering into those services by giving us the information on their deal, and then being able to have calls with our equity partners, to be able to source capital from them and see if there's a fit amongst the investors that we can bring to the table. [00:11:59] Sam Wilson: That's really a really unique. Are there any other elements of the kind of tech platform that you guys are thinking about or building out or see things coming down the pike that you say, Hey, this is this something we're considering? And here's ways that we plan on implementing it? [00:12:14] Jake Marmulstein: Well, we're doing a co-sponsorship is the really big one. We know that. Operators don't do deals alone. A lot of them work with others. So we're studying really carefully what that experience has to be and building a feature that. Allows people to do deals with each other without the the problem where they share the data from their own investor lists with the other group, because a lot of sponsors, care so much about that investor list that they've worked so hard to build. And even though you're partnering with someone and you trust them, you still want that data to belong to you and only yet. So that's one of the big ones. And then we don't want to be a CRM sister. We're an email marketing system. We're an investment management software and we're going to continue being best in class in that. Whereas the CRM is going to be integrated into groundbreaker so you can continue to use your active campaign or your HubSpot or whatever CRM use, but it'll sync the data with our system so that those triggers. Anything else that you're running in those campaigns can be run in tandem with what happens on groundbreaker [00:13:30] Sam Wilson: right. that's really cool. And that's one of the things that. Finding those integrations, I'm going to use that word. I'm not a tech guy, so you'll have to forgive me is that I can barely send an email, but I know that the integrations, when they work smoothly makes life so much easier. And I think that's what we're seeing is across the web and everything else is just all these different programs that we have to use because each one specializes in its own thing. But if they don't integrate and talk, it's like. This is really frustrating. So that's really cool that you guys are solving that problem. What are some challenges that you guys are facing right now that are not maybe have you stumped, but certainly have you scratching your head? Go, gosh, how are we going to overcome this? [00:14:10] Jake Marmulstein: No, that's a great question. Until recently it's been. Focus on focusing on the core customer segment that we're dealing with and understanding what you know, what to build in for whom. But we've really overcome that alignment lately within the organization. It's really hard to be able to work with people who aren't yet successful at doing that. And we want to be able to serve those operators and help them. But a lot of them just don't have there. There's just a lot more that they need to be able to be successful. And we can't address those needs in the market. So we want to be able to be a big and successful company that serves a lot of operators, but we just have to stay focused on the operators Actually can, can value our help and use it to be able to build and scale their business. So I think a lot of the people that may be listening to this call would be appropriate. But there's many people that are entering the space as beginners who, haven't done a deal yet. And that's a real challenge is figuring out a way it is, I would love to figure out a way to work with them, but unfortunately I don't think we can. [00:15:25] Sam Wilson: Yeah. You can't be all things to all people. That's a, that's certainly true. And I think that's an interesting point you make.Cause you want to be able to find a way for people to adopt your software early on. You want to build to bring them on and say, Hey man, come in, come into the fold, get to know us as you grow. Won't this be great. But it also sounds like you also don't want to be the baby. Saying. Okay.] All right. Let me teach you all about what you're doing and how to raise capital and how to use this. And it just, it sounds like there needs to be some level of not just rudimentary, but some sophistication involved before somebody can really adopt what you guys do. [00:16:00] Jake Marmulstein: Yeah. It's, real estate syndication. There's some complexity of doing that. Even marketing yourself to investors and building your investor base requires you to have an investment thesis and understand who the investor is that you're going after. And it's, it is a beautiful thing what's happening right now in the world. I think that the market that we're in right now is growing significant. More people who are working nine to five jobs in the corporate world, or working from home and exploring ways to invest in real estate. People who are commercial real estate brokers are figuring out, Hey, why don't I invest, and do my own deals. There's a lot of people that are entering the market and will be entering the market and in the future. And I think we're in a good position to be able to help all those people, but there needs to be a base level. Education program. And, we work with groups like Jake and Gino and Joe Fairless and other types that are helping to educate that a new class of real estate syndicators. So I'm hopeful that those guys will continue to be the babysitters for the market if you will. [00:17:10] Sam Wilson: Yeah. That's absolutely right. I absolutely love it, Jake. Thanks for taking the time to really break down what groundbreaker does, the problems you can. Are seeing and solving in the marketplace. I think that's really cool. You're building something that I think even across is as can fairly familiar with, everybody has competitors and I'm fairly familiar with even some of your active competition. And I think you guys are doing some things very differently that are solving problems, maybe that other people aren't in the marketplace.So that's absolutely cool. I love it. Jake, , Hey, so one of the things that you offered to our listeners to this show certainly appreciate it. I found it here was that if you're listening to the show and you type in the word BRICKEN, when submitting a request or your website, you can get three free months of groundbreaker when you sign up for an annual subscription. So, Jake, thanks for offering that up to our listeners. Certainly appreciate that. And last question for you here. If our listeners want to get in touch with you and learn more about you, what is the best way to. [00:18:02] Jake Marmulstein: Please add me on LinkedIn, Jake Marmulstein, and also go to our website groundbreaker.co. And if you fill out a demo request form, then we'll be in touch with you and you can go over our software and learn about your business. [00:18:16] Sam Wilson: Awesome. Jake, thanks for your time today. I do [00:18:18] Jake Marmulstein: appreciate it. Thanks Sam. I appreciate it as well.
Welcome to Episode Fourteen! Jesse was almost late to record because of a parade, Kyle has Supernova updates and exciting apps to highlight, there are gardening metaphors, then Kyle goes deep into the NNS weeds to discuss the new seven-day NNS staking proposal. For recommendations Jesse gets wrecked and Kyle gets revolutionary. It's a good episode. Galungan Bali Holiday Barong Bangkal Dance Mask Galungan Parade Video Scooter Through Ubud Narrows Scooter Through Rice Fields at Night Supernova Numbers Carbon Crowd's IC Footprint Dstar Notes Cycles to power notes We really need 1 month short term staking We are preparing a motion proposal to suggest this [Proposal] Reducing minimum staking time for expanding governance participation Kyle's comments on 7 day staking proposal One of the reasons why I am looking forward to short-term staking is Centralized Exchanges getting rekt by not being able to short #ICP Ask Neurotic: Any B2B or B2C platforms/companies coming out of supernova or prior that have successfully raised Series Seed funding from VCs? Can the #IC accommodate a sudden surge of devs coming into the ecosystem, or is there a chance for the protocol to time out like Solana? Is it safe to connect the Plug wallet to a Dapp on the IC? How comparable is it to connecting a Metamask wallet to a Dapp on ETH? Recommendations: Jesse: Get SCUBA Certified / Diving the Liberty Wreck in Amed, Bali Kyle: Hamilton Aftershow: Jesse's Hand Tap Tattooing Video -- Got feedback, Ask Neurotic questions or just want to chat? Follow us on twitter @neuroticpod
Today I chatted with Jake Marmulstein the Founder, President & CEO Groundbreaker Technologies.In his current operating role, as the Founder, President & CEO of the Real Estate Investment Tech SaaS company, Jake has made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company. Jake received his bachelor's degree from Cornell University, where he emphasized hospitality and minored in real estate.Episode Spotlights- What gave birth to Groundbreaker Technologies- How could you streamline and save time with the product- Timeframe to have your data organized in the software- Features and Benefits of the software Book Recommendations- The Millionaire Next DoorConnect with Jake:Email: jake@groundbreaker.co Linkedin: https://www.linkedin.com/in/jakemarmulstein/ Website: https://www.groundbreaker.co/Grab your freebie - Tips for Multifamily Investing at www.ushacapital.comFound this episode insightful? Show us some love by spreading the word on social media or rating and reviewing the show here - https://podcasts.apple.com/us/podcast/multifamily-ap360/id1522097213Follow Rama on socials!LinkedIn | Meta | Twitter | InstagramConnect to Rama KrishnaE-mail: info@ushacapital.comWebsite: www.ushacapital.com
Every syndicator and capital raiser uses an online platform, and we have the CEO of one of the best capital portals (Groundbreaker) in the business!Jake tells an engaging story from college and his foray's into hospitality, RE, fundraising, and growing a tech startup. He share's the good, the bad, and the average, and more importantly what he saw for the need to launch Groundbreaker.Jake is based in Chicago but was in Minneapolis where I am currently located. Good to see the Midwest not getting left behind in the tech startup space. Contact Info:Jake's Profilelinkedin.com/in/jakemarmulsteinWebsitegroundbreaker.co (Company Website)Emailjake@groundbreaker.coJake's Linked Profile:From the Atlanta area, Jake is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early stage companies, lead operations and finance, product, sales, and customer success efforts.In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company.Jake received his bachelor's degree from Cornell University, where he emphasized in hospitality and minored in real estate. He studied abroad in Rio de Janeiro and at Cornell was involved in grant writing for grassroots community service organizations while also forming a non-profit peer to peer mentorship organization. Jake has worked abroad in London, Madrid, Rio de Janeiro, and Puerto Rico and has a working proficiency with Spanish and Portuguese.
Meet Greg Shepard, he's been featured on TedX talks and university lectures worldwide. Founder of BOSS Capital Partners, a boutique investment firm focused on Series Seed through Series B technology businesses. We uncover his mindset which is unique because he is neurodivergent. Not being able to land a job led him to become an entrepreneur, finding out he could make money from an early age, he chose entrepreneurship. He's also former CTO at Pepperjam. Greg's been able to achieve some wild feats like being the heaviest person to base jump, meeting Obama, deadlifting 500lbs on his 50th birthday, running a marathon with asthma and we learn what made all this possible. Every year he does an annual challenge which are pretty gnarly. Greg is a 20 year startup veteran and serial entrepreneur with 14 liquidity events under his belt in BioTech, TransitTech, AdTech and MarTech industries, two of which were sold as part of a $925M transaction that won 4 private equity awards for transactions between $250M-$1B Greg recommends starting with the end in mind so you'll be able to back into your goals. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Good Habits Series | Seed The Clouds
Staffing software company Mindscope has been acquired by the Univerus group of businesses. After several months as a Mindscope customer, Univerus identified copious synergies between the two organizations, making it clear that a valuable relationship could be established through acquisition. https://hrtechfeed.com/staffing-software-mindscope-acquired-by-univerus/ Alongside, an HR tech startup that helps create a more human connection between employers and job seekers, raised $8 Million CAD in growth financing. Part of the funding was used to strategically acquire one of Canada's leading job boards, CareerBeacon. Now, the Alongside team is using the funding to modernize, differentiate, and innovate its product to guide and support job seekers through every step of their career journey. This includes finding their first job, levelling up their career, and creating a career path they are excited about. https://hrtechfeed.com/canadian-job-board-careerbeacon-owner-alongside-gets-infusion-of-funding/ Qualifi, an on-demand screening platform allowing recruiting teams to phone interview hundreds of candidates in minutes, today announced that it raised $2.5 million in Series Seed financing. Rally Ventures led the round with participation from repeat investors Techstars, Sixty8 Capital, Elevate Ventures, Debut Capital, and Flywheel Fund, as well as newcomers Northwestern Mutual Black Founder Accelerator powered by gener8tor, Converge, Service Provider Capital, and multiple strategic angels. https://hrtechfeed.com/phone-screening-platform-qualifi-raises-2-5m/ A new company called Check, a payroll infrastructure company that lets platforms embed payroll into their products, today announced it has raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index. The company will use the funding to continue to make Check the easiest and most robust platform to build, launch, and scale new payroll businesses. https://hrtechfeed.com/payroll-infrastructure-startup-check-announces-75-million/
On this episode of Investor Connect, Hall welcomes Sophie Liao, Founding Partner at Oyster Ventures.Oyster Ventures is a seed-stage-focused venture fund based in San Francisco, New York, and Hong Kong. They target companies that bring liquidity and efficiency to antiquated industries and with massive potential to scale. Since 2016, they have launched three funds and deployed capital into 80+ startups. Their checks start at $25k to $200k, from Pre-Seed to Series Seed. They typically continue to invest in their portfolio companies from Series A to C and beyond, and they can write checks up to $5M+. Oyster Ventures generally doesn't lead rounds, but when they do, they will invest $500k to $2M. When they lead, they join the board as a director or observer. They happily invest in companies anywhere in the world but have a preference for standard jurisdictions and structures (e.g., Delaware C Corps, Hong Kong or Singapore Limited companies, SAFEs, etc.) They don't invest in markets they don't understand well or markets that require deep specialization to evaluate. While they do invest in cryptocurrency and blockchain companies, they very rarely invest in crypto-tokens without an equity component. They don't invest via SPVs, by mandate, they don't invest in mainland China, and they don't invest in uncapped notes and SAFEs. Sophie is a three-time fund manager with a top-performing record by IRR. She was MD at Rothenberg and VP at Draper Dragon before setting off on her own to found Oyster Ventures as a solo GP in 2017. Prior, she co-founded and sold a VFX startup to a large media company in 2015. Before that, she ran M&A strategy and started her career by launching joint ventures for U.S-Asia cross-border businesses in the TMT sector. Sophie discusses her investment thesis, advises entrepreneurs and investors and describes some of the challenges they face. You can visit Oyster Ventures at , via LinkedIn at , and via Twitter at . Sophie can be contacted via email at , and via LinkedIn at . _________________________________________________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group Please , share, and leave a review. Music courtesy of .
Your strategies and tactics change depending on the size of your company. The same can be said for revenue operations. In this episode, Scott Stouffer, CEO and Co-Founder of scaleMatters, walks through the ways RevOps solves challenges specific to seed, Series A, and Series B companies: He covers: - The risk profile of a business related to the stage of funding (1:41) - The value of RevOps for seed stage companies (4:05) - The value of RevOps for Series A stage companies (6:05) - The value of RevOps for companies at Series B and beyond (12:53)
Welcome to the Cutting Edge: Founders' Series, where culture, and entrepreneurship, meets crypto. Today on the pod, we have Jess Sloss, the co-creator of Seed Club an incubator for tokenized communities. Started as a DAO, Seed Club is a growing family of creators, mentors and operators building the future of community. Since its inception less than a year ago, Seed Club has successfully completed three cohorts - helping 36 projects on their path to decentralization. Follow Jess, @thattallguy on Twitter, and Seed Club @seedclubhq and https://seedclub.xyz/ Follow the gmoney community on all socials: @gmoneynft Show Notes: 0:46 - Jess and Seed Club's mission and background 3:51 - gmoney's take on social tokens 5:50 - Jess breaks down the best use of social tokens 9:50 - Example of how tokens work in a community and ownership graphs 12:58 - The risk of linking an ERC-20 to an individual 20:57 - How to build fair distribution in an NFT drop 26:05 - How to build an authentic community through “on-chain breadcrumbs” 30:45 - Web3's effect on the value of the middleman 33:03 - Securities law with social tokens 35:18 - Non-fungible governance tokens vs fungible governance tokens 42:30 - Fave NFT 43:48 - NFT predictions for 2022
Join Sal's Investment Syndicate: Click to Join Salvatore Viscomi, MD founded his own startup and is now with GoodCell which isolates and stores cells of healthy patients who may need them for future cell therapies. The startup is founded by David Scadden, MD of the Harvard Stem Cell Institute. A truly informative interview. Sponsored by Purdue University entrepreneurship and Peter Fasse, patent attorney. Highlights: Sal Daher, CFA Introduces Salvatore Viscomi, MD, Physician, Founder & Investor “...to isolate and store cells that you may utilize for future therapy.” “The ability to not only isolate and store the cells but to be able to say, "These cells are of good quality for future therapy...” “One of the unique capabilities we have is looking at what are the genetic changes that happen in our lives that cause risk.” “...two years from now, and we can always reference your biobank material to see what your baseline levels were.” GoodCell Co-Founders: David Scadden, MD, Trevor Perry, CEO, Brad Hamilton, CSO Salvatore Viscomi Was Vetting GoodCell for a Friend but Ended Up Investing and Coming Aboard as Chief Medical Officer Raised $30 million Series Seed, Looking for Strategic Collaborations GoodCell Has Expanded on the Intellectual Property Licensed from the Broad Institute “The second filing was around the ability to determine the quality of cells that go through a manufacturing process.” Owned Patents Also Cover Matters Related to Autoimmune Disease How GoodCell Tests for CHIP (proliferation of unhealthy cells) Works Possibility that a Therapy for CHIP Will Be Developed A Plug for Purdue University Entrepreneurship & Peter Fasse, Patent Attorney “Purdue is in the middle of the country in West Lafayette, Indiana and so they're really making a big effort to reach out to angel investors in both coasts.” Salvatore Viscomi's Father was a Stone Mason from Italy Who Moved to US via Argentina How Salvatore Viscomi, MD Got the Entrepreneurial Urge The Resistance of Certain Academic Institutions to Entrepreneurial Ventures “...taking that idea and making a business out of it, which is probably what was really the most fun for me...” How Being an Immigrant Makes People More Prone to Entrepreneurship “No matter how smart you are, no matter how smart your idea is, it's very difficult to do it alone.” Topics: biotech, co-founders, discovering entrepreneurship, IP / patents
This week on How to Raise a Round we sat down with Matteo Franceschetti, CEO and Co-Founder of Eight Sleep— a sleep fitness startup that sells smart mattresses that tracks users' sleep cycles, adjusts the mattress temperature, and even uses bluetooth to connect to a smartphone.As a hardware company in a software-dominated space, Eight Sleep's fundraising journey was full of obstacles. Matteo also used a crowdfunding campaign to prove to investors that customers wanted to buy their product. Eight Sleep's crowdfund was a massive success, which doesn't sound like a bad thing—but it created a set of new manufacturing problems.After being accepted into the Y Combinator on their third attempt, Eight Sleep was always changing. As the team scaled and rapidly hit more and more of their goals, Matteo continued adjusting the cap based on demand, so that when his company hit a major milestone it was reflected in the valuation.Although the team already had a couple of checks in the bank, demo day at YC still brought its fair share of anxiety—and with nearly $5 million more to raise, Matteo knew he had to give the perfect pitch. By de-risking Eight Sleep, frequently adjusting his valuation cap, and staying in the fundraising mindset at all times, Matteo and his co-founders have turned an ambitious pajama party crowdfunding event into a massively successful mattress company.Over the next six years Matteo would prove again and again that there isn't just one way to raise funds—and it's safe to say that today, with Eight Sleep's valuation nearing $500 million, that the hard work paid off. In the end, Matteo and his team raised $6 million during Eight Sleep's Seed round.Learn more about Eight Sleep ›
I had the pleasure of spending some time with great friends from Colorado, Katherine Wells and her husband Rob. Together they are the founders of a company called Serenity Engage! This amazing platform enhances and improves communication between senior care providers and the families of those they serve. Recently they raised a $1.25 million Series Seed round to grow and expand their services. I'm beyond proud and extremely excited to see what the future has in store for them. They are truly changing lives by improving communication between senior care providers and families! --- Send in a voice message: https://anchor.fm/krischana/message
Valor Ventures Fund 2 has announced a $1.75 million Series Seed funding of Allelica, Inc. Valor General Partner Gary Peat joins the Allelica board of directors. The round, led by Valor Ventures also had Pi Campus, an AI-focused venture fund and Medical Genetics Center (MGZ), a prestigious genetics research institution, as strategic investors.SailPoint Technologies has announced that it is going to acquire ERP Maestro, a SaaS Governance, Risk and Compliance (GRC) Solution. SailPoint is looking to use ERP Maestro's flexible agile approach to automate and ensure robust monitoring for an organisations' most complex business critical systems. With ERP Maestro, the company will unite identity security with ERP Maestro's Separation-of-Duty controls monitoring for an organization's most critical applications, like SAP.Privacera has recently announced a successful funding round. They raised $50 million in a Series B funding round where Insight Partners led the funding round. In May of last year, the solution provider had already raised Series A funding round for $13.5 million. The latest investment was led by Insight Partners, Sapphire Ventures, Battery Ventures, and earlier investors.According to Gartner's forecasts, SaaS revenues are set to grow from $121 billion in 2021 to $141 billion in 2022. The SaaS economy has been steadily growing with more companies offering their products or services under the software-as-a-service model. The one issue that SaaS companies face is getting better qualified Leads in an uphill battle to ensure they can onboard as many clients as possible in the shortest time, thus keeping costs to a minimum. The latest trend shows organizations turning to AI to automate these processes that would usually take us a longer period to attend so that time to customer acquisition is reduced significantly. AI helps them not only speed up their process, but also helps filter and qualify leads so that the sales team works at a higher efficiency.
On today’s Tank Talk! We welcome Chris Harvey, principal lawyer at Harvey Esquire APC to talk “Emerging Managers Legals 101.”Chris Background: Chris Harvey has been practicing law for 12 years as a venture capital lawyer with a focus on emerging fund managers, accelerators, venture studios, GPs and other venture investors.Chris regularly represents venture capital fund managers and investors in structuring fund formations and transaction documents such as LPAs, LLC/operating agreements, Series Seed, Series A, mergers & acquisitions, and all matters related to the venture capital lifecycle.Chris is based out of Los Angeles and shares amazing content on his blog LawofVC.substack.com.In this episode we discuss:01:47 Considerations when choosing a lawyer for your fund04:12 The questions you should ask a potential lawyer05:27 Pitfalls of choosing the wrong lawyer06:52 Fund structures11:10 Formation and fund expenses15:10 GP commitments17:40 Clawbacks versus commitments22:13 What are hurdles25:43 Reporting requirements28:28 Initial closure and rolling closures34:12 Offering GP economics to close strategic investors36:10 Budgeting for legal expenses37:29 Using Angelist to support your initial legal work38:50 Giving away carry as incentive to outside advisors as incentive or compensation41:00 Is venture legal ripe for disruption?44:18 Can VCs hedge against SPACs?46:58 Chris’s best advice for emerging managersBooks Chris Recommends:The Business of Venture Capital, Third EditionFollow Matt Cohen and Tank Talks here!Podcast production support provided by Agent Bee Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
What's it like to see revenues drop 95%? Meet Rebecca Kelly, CEO of VenueScanner—a marketplace that connects event organisers with their ideal venue. In this episode, Rebecca shares her insights on marketplace business models, tells the story of how Covid dramatically impacted her business, and how she reinvented an events marketplace to stay relevant—even when there are no events happening. She also explains how to think about the Chief of Staff role—a must-listen for every CEO interested in recruiting one. Key links: VenueScanner website: https://www.venuescanner.com/ Rebecca Kelly profile: https://www.linkedin.com/in/rebecca-kelly-5928054b/ Key timestamps: [03:51] What were some assumptions about the events space that turned out to be false? [07:18] How can you tell whether to push commissions or subscriptions? [12:07] Why did you decide to hire a Chief of Staff? [20:54] How did Covid affect your business? [27:02] What does it take to build good relationships with investors? [28:37] How have you reinvented your business model in light of the pandemic? Thanks to Guy and Angus for their great input. Got feedback? Email us on podcast@foundercoach.co. And don't forget to hit follow/subscribe so you don't miss out on new episodes.
Join me and my co-host, Vince, as we talk with Jake Marmulstein about multifamily investor portals and real estate software. Jake is the founder and CEO of Groundbreaker, a company offering software application that helps real estate investment firms automate workflows in fundraising, investor reporting, and investment management. He's going to walk us through the process of growing a business from the ground up. Stay tuned! A Problem that Turned to an Opportunity In 2011, Jake was handling all the different things in his investment firm. From file storage, emailing back investor information, managing the data, keeping all the data accurate, doing back of the envelope calculations, and preparing presentation materials for investors. Everything was done manually! He found that it was a very repetitive and laborious process to maintain the work that they had at their company. He was looking for a more efficient way but couldn't find any available solution offered in the market. It was then that Groundbreaker became a seed in his mind. He started his journey to building a company that helps real estate investment firms streamline capital fundraising and investment administration. Improving Investor Relations Building trust with your investors is integral if you want to scale your business. Jake points out the importance of being consistent when it comes to providing updates to your investors. Especially for people who are putting money into your business for the first time, these people would appreciate the level of honesty and consistency from you, as a business owner. Whether it's about the wins or the challenges your company is facing, you'll be surprised at how understanding investors can be if you just come to them with a degree of transparency in managing things. About Jake Marmulstein: Jake is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early-stage companies, lead operations and finance, product, sales, and customer success efforts. In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company. Outline of the Episode: ● [01:27] From doing all the grunt work for his investment firm to offering software that helps people operate their business more efficiently. ● [05:01] How Groundbreaker started, and the challenges experienced along the way ● [08:55] Finding your core team and building out functional departments are essential to scale in your business. ● [13:04] What are the most common and trending real estate deal structures in the market? ● [14:23] Doing what you say you're going to do and keeping trust as you go along will improve investor relations. It all boils down to consistency! ● [16:58] Getting outside help from a mentor, advisor, or coach is immensely valuable. ● [20:15] How to vet and compare software for your real estate business? What are the things you should look out for? ● [23:20] Why hiring the right people, at the right time, is so important? ● [29:07] Being a good listener is a trait that is super helpful when you are running your own business!
Today's podcast is talking about my favorite subject: diversity! After all, it makes the world go round. We'll be highlighting key updates about seed mix design including the latest research findings, plant and pollinator relationships, wildlife benefits, and more. Mike and I may even duke it out to see who has the best diversity knowledge. Science is fun! For resources and more details related to today's episode, find us on the web at mndnr.gov/prairiepod
s2ep10 Fresh Chalk Origin Story and Vision snack/preview Liz Pearce, CEO and Cofounder of Fresh Chalk - Origin Story and Vision FULL SHOW LINKS ARE BELOW apple https://podcasts.apple.com/us/podcast/windshield-time/id1468319501#episodeGuid=132f7c31-645f-40bd-846d-4edd9cdb9c38 iHeart https://www.iheart.com/podcast/269-windshield-time-studio-47443086/episode/liz-pearce-ceo-and-cofounder-of-fresh-chalk-56306682?cmp=ios_share&sc=ios_social_share&pr=false spotify https://open.spotify.com/episode/2fAolqbyDCtnp7IIZ6elQW?si=CHa-Dv8DTRGkD2F1Jo-IoA anchor https://anchor.fm/windshieldtime21/episodes/Liz-Pearce--CEO-and-Cofounder-of-Fresh-Chalk-ead0h7 Find Liz @lizprc https://twitter.com/lizprc Find Michel @mplungjan https://twitter.com/mplungjan Do SatoshiMath #satoshiMath - an automated page to calculate the number of sats in any amount of #dirtyFiat https://www.windshieldtime.studio/satoshimath.html Windshield Time SUBSCRIPTIONS are GREATLY appreciated here: https://www.youtube.com/channel/UCbsnhul3AeUV7ByvFMMyWQQ In this show we (Arry @arryinseattle and Dae @LuggageDonkey) talk to Liz Pearce about: * The Humanity of the team * The sense of trust with the founders * Korean span treatments * Expect to be rejected by investors * KarmaFest program * Puget Sound Business Journal 40 Under 40 * Arry barfing * What is Fresh Chalk? * Seattle Drivers * The success of the Series A from Liquid Planner * The success of the Series Seed for Fresh Chalk Find our sponsor, find Coinme in several ways: web www.coinme.com twitter @coinme facebook www.facebook.com/CoinmeATM/ * * * * * * * have you seen the @SatsApp ? * * * * * * * #satoshiMath www.windshieldtime.studio/satoshimath Our new calendar! www.windshieldtime.studio/calendar We have AMAZING sponsorships! Coinme USD cash to bitcoin onramp at over 2600 locations around the USA. www.coinme.com Find our sponsor the WTIA several ways: WTIA Washington Technology Industry Association www.washingtontechnology.org The Blockchain Council https://www.washingtontechnology.org/blockchain/ WTIA Cascadia Blockchain Council newsletter https://go.pardot.com/l/408222/2019-11-18/5fkfz6 Thank you for listening y'all! Please share Windshield Time with your friends and family who are curious about bitcoin and money. --- Send in a voice message: https://anchor.fm/windshieldtime21/message
s2ep07 2020-01-24 Liz Pearce, CEO and Cofounder of Fresh Chalk FULL INTERVIEW STARTS AT 5min 10sec. Find Liz @lizprc https://twitter.com/lizprc Find Michel @mplungjan https://twitter.com/mplungjan Do SatoshiMath #satoshiMath - an automated page to calculate the number of sats in any amount of #dirtyFiat https://www.windshieldtime.studio/satoshimath.html Windshield Time SUBSCRIPTIONS are GREATLY appreciated here: https://www.youtube.com/channel/UCbsnhul3AeUV7ByvFMMyWQQ In this show we (Arry @arryinseattle and Dae @LuggageDonkey) talk to Liz Pearce about: * The Humanity of the team * The sense of trust with the founders * Korean span treatments * Expect to be rejected by investors * KarmaFest program * Puget Sound Business Journal 40 Under 40 * Arry barfing * What is Fresh Chalk? * Seattle Drivers * The success of the Series A from Liquid Planner * The success of the Series Seed for Fresh Chalk FUTURE INTERVIEWS COMING UP ON WINDSHIELD TIME: * Alex Mashinsky, Celsius Network * Chris Spanton, T-Mobile - s2ep03 RELEASED JANUARY 10th 2020 * Jasper Weed, our Windshield Time student intern 2019 * Liz Pierce, Cofounder/CEO of Fresh Chalk - s2ep07 RELEASED JANUARY 24th 2020 * Pathwise Leadership's Todd Hollow-Bist and Chad Hattrup - FEBRUARY 14th 2020 * The WTIA Year End Happy Hour - s2ep02 RELEASED JANUARY 7th 2020 * Defy Ventures Prison Visit for Dae and Arry * and last but not least, Anthony “Pomp” Pompliano, where Arry got to ask all her dying questions finally For the sake of everything that is holy and righteous in the world, please SUBSCRIBE to our Youtube channel. We only need to get to 101 subscribers. https://www.youtube.com/channel/UCbsnhul3AeUV7ByvFMMyWQQ Find our sponsor, find Coinme in several ways: web www.coinme.com twitter @coinme facebook www.facebook.com/CoinmeATM/ * * * * * * * have you seen the @SatsApp ? * * * * * * * #satoshiMath www.windshieldtime.studio/satoshimath Our new calendar! www.windshieldtime.studio/calendar We have AMAZING sponsorships! Coinme USD cash to bitcoin onramp at over 2600 locations around the USA. www.coinme.com Find our sponsor the WTIA several ways: WTIA Washington Technology Industry Association www.washingtontechnology.org The Blockchain Council https://www.washingtontechnology.org/blockchain/ WTIA Cascadia Blockchain Council newsletter https://go.pardot.com/l/408222/2019-11-18/5fkfz6 Thank you for listening y'all! Please share Windshield Time with your friends and family who are curious about bitcoin and money. find+follow on twitter: Dae is @LuggageDonkey and @halvingMullet Arry is @arryinseattle Matt is @matthewryancase Windshield Time is @windshield21 find+follow on Tik Tok: @windshieldtime Would love your shiniest 5-star ratings and reviews #togetherWeRise #funFormational Be nice y'all :) #stackSats #satoshiMath originally taped on 2019-12-04 --- Send in a voice message: https://anchor.fm/windshieldtime21/message
Founder of Sentenai, a developer of cloud infrastructure that applies machine learning techniques to automate data engineering. It recently closed a $1.8 million Series Seed investment and is expanding its technology for use and benefit of multiple industries. If you follow discussions about the Internet of Things or IoT, you've probably heard this stunning prediction at least once: The world will have 50 billion connected devices by 2020. Today, that figure has arguably done more than any other statistic to set sky-high expectations for potential IoT growth and profits. What is IIoT why is the extra "i" for? What are the benefits of IIoT and how do they transform organizations on how they do business? What is Sentenai and its Sensor Data Cloud? Value proposition? Industry challenges? Use of the 1.8MM. A lot is being discussed about AI. Is this something businesses should consider to invest in order to compete in today's business climate? If so what steps do they need to take? New Interviews, and Inspirational videos will be posted every week on my Youtube Channel! Just go here: https://goo.gl/EA9x6D Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter.