35 Burst results for "Managing Partner"
Up 40% YTD, Bitcoin Is 2023's Best-Performing Asset
"All right, Friends, today we are talking price action. Bitcoin is up almost 40% on the year. It is 2020 threes best performing major asset, and of course this being the breakdown, we are not going to dig deep into TA or anything like that. Instead, what I want to explore are the big questions. First, what's driving this Bitcoin and crypto price action? Is it a bull trap? Is it a mean reversion? Is it the beginning of a new bull run? And then maybe the biggest question how much is it Bitcoin and crypto specific versus part of a broader shift in market sentiment? And finally, to the extent that it is part of a broader shift how real is that shift and what might change the tides? In other words, are things really turning around? All right, so first off, let's talk just a little bit about where things are. Bitcoin's 40% gain has been its strongest rally since October 2021, which of course might not be saying much as markets were decidedly bearish after the $69,000 peak the following month. On the other hand, it could be meaningful that January's gains have outpaced all other bear market and relief rallies during the last year. Some technical analysts are pointing to the relative ease with which Bitcoin has cleared resistance levels as reason that the rally can continue. Katie Stockton founder and managing partner at fair lead strategy said in a note to clients this week that, quote, Bitcoin extended. It's sharp relief rally, clearing resistance near 21,000. The next resistance is more significant at the August high of 25,000. At the same time, however, Stockton viewed current weekly conditions as overbought and ripe for a pullback.
Genesis liquidation could force DCG bankruptcy The Chopping Block reports
"11 p.m. Sunday, December 11th, 2022. Genesis liquidation could force DCG bankruptcy the chopping block reports hasib Qureshi, the managing partner at dragonfly capital, discussed the potential consequences of genesis going into liquidation on a recent episode of unchained the chopping block. One on a recent episode of unchained the chopping block, posse makes a surprising comment about the 1.1 billion DCG genesis promissory note. The post genesis liquidation could force DCG bankruptcy the chopping block reports appeared first on crypto slate
"managing partner" Discussed on VUX World
"Two, one, live all hello, hello, hello, ladies and gentlemen. Boys and girls, welcome to vu X world with me Ken Simms and today I am joined by Kevin Frederick. One reach managing partner. Kevin, welcome. Welcome to VOX world. Thanks for having me. It's a pleasure. I've been following following one reach quite a lot recently and things are going really well, you know? It seems like it's a very interesting and unique platform and unique approach, I think, is probably more accurate. Which I'm down to get into, which we will do in a moment. So for those of you who, you know, you may have seen things like the magic quadrant for conversational AI platforms, you'll have seen one reach in there as a leader in there. And we have a lot of conversational AI platforms on the podcast because we always like to figure out what the differences are between them and what you need and the different perspectives that the founders and senior people at those organizations bring about the industry and about the technology and about how it's been implemented. And one reach is definitely got a completely different philosophy, which I'll have to see a kind of aligns more with what my philosophy on this stuff is as well in terms of it being really a game change in technology for the weather businesses operate. And so definitely looking forward to getting into that conversation. Which we will do in one moment, but first, what we do that needs to give a shout out again to car AI, who is the present in sponsor of voice 22 of vu X at voice 22, I should say, I should clarify. So VX world is going to be at voice 22, the voice summit in Arlington, Virginia, on October the 11th. We're running a conference at the conference for the entire day where we're going to be sharing with you the ins and outs of contact center automation using conversational
Are All Reagan Presidential Foundation Board Members Reaganites?
"It looks like mostly the board Of the Reagan foundation Which I feel a very close affinity to our Friends and surrogates and confidants of the chairman Fred Ryan to make sure he has no challenges And your little fare early on he was staff assistant at the pregnant president Reagan in the office of presidential advance Where of course he would have met his friend Fred Ryan Just giving you some examples Let's see here We have John lonsdale cofounder managing partner 8 VC a U.S. based venture capital firm which manages $4 billion Something is strange here mister producer Why all these individuals these investors these finance guys there aren't many reaganites on the Reagan border directors ladies and gentlemen and McLaughlin core locus is Steve Forbes is Then you have Susan McCall businesswoman former diplomat and philanthropist She served as the U.S. ambassador to the republic of Austria under whom And is currently president of S and R capital investments We have Rupert Murdoch and Lachlan Murdoch those are two reaganites Peggy noonan really a reaganite name only Ted Olson used to be an old buddy of mine but he's crossed the railroad tracks Gerald parsky chairman of aurora capital Jim Patterson chairman chief executive officer for sole owner of the Patterson group Canada's third largest privately held company I know that was here oregano
Officials urge mask-wearing for fans attending Super Bowl
"Officials officials officials officials in in in in Los Los Los Los Angeles Angeles Angeles Angeles say say say say the the the the Superbowl Superbowl Superbowl Superbowl will will will will be be be be amassed amassed amassed amassed affair affair affair affair well well well well nothing nothing nothing nothing says says says says super super super super spreader spreader spreader spreader event event event event like like like like seventy seventy seventy seventy thousand thousand thousand thousand cheering cheering cheering cheering football football football football fans fans fans fans officials officials officials officials say say say say Super Super Super Super Bowl Bowl Bowl Bowl ticket ticket ticket ticket holders holders holders holders ages ages ages ages five five five five and and and and up up up up must must must must show show show show proof proof proof proof of of of of vaccination vaccination vaccination vaccination or or or or a a a a recent recent recent recent negative negative negative negative cope cope cope cope in in in in nineteen nineteen nineteen nineteen test test test test to to to to get get get get in in in in Russ Russ Russ Russ Simons Simons Simons Simons is is is is a a a a managing managing managing managing partner partner partner partner at at at at so so so so by by by by stadium stadium stadium stadium in in in in Inglewood Inglewood Inglewood Inglewood California California California California everyone everyone everyone everyone to to to to end end end end years years years years of of of of older older older older regardless regardless regardless regardless of of of of their their their their vaccination vaccination vaccination vaccination status status status status are are are are required required required required to to to to wear wear wear wear a a a a face face face face covering covering covering covering in in in in the the the the stadium stadium stadium stadium in in in in the the the the tail tail tail tail gate gate gate gate areas areas areas areas except except except except while while while while actively actively actively actively eating eating eating eating and and and and drinking drinking drinking drinking Los Los Los Los Angeles Angeles Angeles Angeles mayor mayor mayor mayor Eric Eric Eric Eric Garcetti Garcetti Garcetti Garcetti was was was was among among among among several several several several high high high high profile profile profile profile Democrats Democrats Democrats Democrats were were were were photographed photographed photographed photographed without without without without a a a a mask mask mask mask at at at at the the the the NFC NFC NFC NFC championship championship championship championship last last last last Sunday Sunday Sunday Sunday I I I I wore wore wore wore my my my my mask mask mask mask the the the the entire entire entire entire game game game game and and and and when when when when people people people people ask ask ask ask for for for for photographs photographs photographs photographs my my my my breath breath breath breath and and and and I I I I put put put put it it it it here here here here if if if if people people people people could could could could see see see see that that that that officials officials officials officials acknowledge acknowledge acknowledge acknowledge it it it it will will will will come come come come down down down down to to to to personal personal personal personal responsibility responsibility responsibility responsibility I'm I'm I'm I'm Jennifer Jennifer Jennifer Jennifer king king king king
"managing partner" Discussed on My First Million
"That i think makes us stand out in a little bit different from other people that have attempted best and in terms of the six hundred ideas. And we're faith come from it. Turns out our view of the world is like it's actually fundamentally very broken. There's just a lot of stuff in the world that could be improved. And that doesn't mean that everything's like broken broken bright like it just means that there is there is an opportunity in many many facets of light and many parts of the economy up level things and this could be just like everyday parts of life. This could be going to the doctor's office. This could be in commuting to work. This could be in interacting with a company or running sales team or something like that. You just observe all of these things and think wow. That doesn't seem that seems a little bit broken. There's probably a better way. And then i just got in the habit of writing those down and now that list has grown to over six hundred and that's a seed that we use to start companies on us at atomic. And i have a whole bunch of questions Like i i I was telling you. I watched a lot of your interview so i i understand a little bit about your process and i wanna ask you about that but before you did this. So you're thirty thirty four now. I'm thirty five now thirty five so before you're doing atomic your first big win was milo sold that for like seventy five million at twenty four right yup stayed there at ebay for san diego who is dad is i do. Come score yeah. I didn't know that till i was doing research. Because i just thought oh. He's kind of like a whiz kid. And i love for every whizzkid. Some unique childhood. I think where you get exposed to something so jessie your dad started com scores. That right with ceo. I don't know if he's still. Ceo and you were working there at age. Twelve or something crazy. Is that right thanks. Yeah had an interesting childhood where. I got exposed to entrepreneurship at a young age. My dad was an immigrant. He came to the us literally without a dollar to his name from where he was born in lebanon and then he actually went to college and france. Studying science and engineering and math. He came to the us goes phd in math mit. And he literally didn't off about whose name so he slept on concrete basement floor at mit in a sleeping bag. I was born while he was there and boston. And then you know. He took math in. He applied it to business. He actually invented all of these really cool. New forms of marketing which at the time of revolutionary ended up winning these international marketing awards for them ended up getting promoted in the company. He joined eventually became president of it and then decided to become an entrepreneur. Can you imagine the world dream. He was basically born at the bottom of the third world. He rose to the top of the first world started company sold at and then when i was twelve or thirteen he said jack. I'm gonna start a company that's going to measure everything everyone does on the internet and make sense of it..
"managing partner" Discussed on The Green Insider Powered by eRENEWABLE
"We would rather address the imbalances. You can address the imbalances usual number two long both here in the uk and also the us including storage including energy storage including ways of hot using transition fuels. like natural. Gas to provide the firming interesting on the grid but also capturing the exhaust from actually asking through co two capture be using it in another product is goes into your combination suit so creating looking at a more unique way will create a greater impact. And just saying you know what we are here to try to explain what we do here. Solar industry employs more people than apple facebook and twitter. Colline most valuable commodity. I know of information. Wouldn't you agree. Podcast powered by renewable. I'm your host. Fred davis episode fifty eight of the program coming at you right now and we venture across the pond for this episode as we welcome mr richard lamm managing partner and co chief investment officer from victory hill capital advisors llp private equity and infrastructure investment firm over in london and they specialize in as you might imagine sustainable investments across the globe. And we're very excited about what he has talked about. Regarding from a global view of sustainability. And where the u k plays into it their role in the energy transition as well as the role the us is playing globally and much more but before we get into all that here is our founder and ceo. Might.
"managing partner" Discussed on Behind The Numbers
"And <Speech_Male> offering <Speech_Male> you our talent <Speech_Male> <Speech_Male> equity within our own <Speech_Male> business or <Speech_Male> upside within our own business <Speech_Male> for how we perform <Speech_Male> the same <Speech_Male> it would do with our clients <Speech_Male> and <Speech_Male> <Advertisement> it's really been a big <Speech_Male> differentiator for <Speech_Male> us to be able to compete <Speech_Male> for great talent. <Speech_Male> <Speech_Male> Also if you've got a <Speech_Male> great value proposition <Speech_Male> right. <Speech_Male> There's there's nothing <Speech_Male> that <Speech_Male> gets people fired <Speech_Male> up like an <Speech_Male> internal value proposition <Speech_Male> the same way. There's <Speech_Male> nothing that gets the market <Speech_Male> five <Speech_Male> fired up about <Speech_Male> an <Speech_Male> external value proposition. <Speech_Male> And so <Speech_Male> those <Speech_Male> key things around <Speech_Male> attracting <Speech_Male> retaining town especially <Speech_Male> millennials. <Speech_Male> You don't <Speech_Male> get that in. <Speech_Male> Learn that in the university <Speech_Male> you learn from <Speech_Male> real life lessons and <Speech_Male> and being an <Speech_Male> operator <Speech_Music_Male> and ultimately <Speech_Music_Male> is something <Speech_Male> that <Speech_Male> You know very <Speech_Male> very much. So <Speech_Male> a <Speech_Male> audit founders. A lot <Speech_Male> of companies need to take <Speech_Male> note of as <Speech_Male> millennials takeover. <Speech_Male> The workforce <SpeakerChange> in gen <Speech_Male> z. Right behind it. <Speech_Male> Yeah <Speech_Male> jim in about sixty <Speech_Male> seconds or so that <Speech_Male> we have here when it just <Speech_Male> sneak in one last question <Speech_Male> here for you <Speech_Male> and that is to maybe <Speech_Male> get your advice for <Speech_Male> a founder <Speech_Male> out there <Speech_Male> who is <Speech_Male> hearing <Speech_Male> these words in <Speech_Male> having resonate <Speech_Male> and <Speech_Male> they're on the fence <Speech_Male> about what to do and <Speech_Male> how to proceed. <Speech_Male> What can you <Speech_Male> offer them in terms of <Speech_Male> taking that next <Speech_Male> step forward in <Speech_Male> terms of <SpeakerChange> benefiting <Speech_Male> the growth of their business. <Speech_Male> <Speech_Male> I think <Speech_Male> the first step <Speech_Male> is <Speech_Male> taking an honest. Look <Speech_Male> at the impact <Speech_Male> that you're having within <Speech_Male> your organization <Speech_Music_Male> and <Speech_Male> your your <Speech_Male> personal life as well <Speech_Male> and <Speech_Male> what you want to achieve <Speech_Male> on the other side of. <Speech_Male> What's next <Speech_Male> right. A lot of <Speech_Male> founders wanna <Speech_Male> ultimately have a <Speech_Music_Male> great exit and <Speech_Male> invest in companies <Speech_Male> or you <Speech_Male> know start a new company. <Speech_Male> Whatever it might be. <Speech_Male> Those goals <Speech_Male> are so <Speech_Male> important to recognize <Speech_Male> an internalize. <Speech_Male> And then <Speech_Male> figure out whether <Speech_Male> you can saw <Speech_Male> all that yourself <Speech_Male> or if you might want <Speech_Male> some outside counsel <Speech_Male> some outside experts to <Speech_Male> help either <Speech_Male> drive value your <Speech_Male> business like we do <Speech_Male> row the value business <Speech_Male> or something <Speech_Male> completely different <Speech_Male> right <Speech_Male> and <Speech_Male> that's really <Speech_Male> the fundamental thing <Speech_Male> to realize. <Speech_Male> What are your goals. And <Speech_Male> then how can we get them done <Speech_Male> and <Speech_Male> be <Speech_Male> purposeful <Speech_Male> about what you <Speech_Male> want to build what <Speech_Male> you wanna see on <SpeakerChange> the other side of <Speech_Male> that bill. <Speech_Male> Well jim thank <Speech_Male> you so much for joining <Speech_Male> us today on behind the numbers <Speech_Male> <Speech_Male> in the pleasure <SpeakerChange> <Speech_Male> and folks. Thank <Speech_Male> you for watching and listening <Speech_Male> from all of us <Speech_Male> here at rv tv. <Speech_Male> We really appreciate your support. <Speech_Male> Wherever <Speech_Male> you're watching you're listening please. <Speech_Male> Do hit the subscribe <Speech_Male> button so that you can stay <Speech_Male> in contact with us <Speech_Male> in. We're up to week <Speech_Male> to week. I'm dave <Speech_Male> bookbinder. And <Speech_Male> i will see you next time <Speech_Male> on behind the <SpeakerChange> numbers take <Speech_Music_Male> everybody.
"managing partner" Discussed on Behind The Numbers
"What's <Speech_Male> <SpeakerChange> <Speech_Music_Male> <Speech_Female> <Advertisement> the best way for <Speech_Male> them to connect <SpeakerChange> with you <Speech_Male> <Speech_Male> feel. <Speech_Male> I take per <Speech_Male> hours every <Speech_Male> week <Speech_Male> office hours if you will <Speech_Male> feel free to reach out <Speech_Male> to me and j. <Speech_Male> b. at orca <Speech_Male> dot black my initials <Speech_Male> j. b. at work adopt <Speech_Male> black or <Speech_Male> find me on linked in it <Speech_Male> grow smart grow fast. <Speech_Male> I love <Speech_Male> to talk to you. And <Speech_Male> see if i can help you <Speech_Male> <SpeakerChange> <Speech_Male> great <Speech_Male> so we talked <Speech_Male> a little bit about <Speech_Male> this idea of building <Speech_Male> a team and staffing <Speech_Male> and obviously attracting <Speech_Male> retaining talent <Speech_Male> especially in. This environment <Speech_Male> is critical to <Speech_Male> business. Success <Speech_Male> looks like <Speech_Male> we have about just a few <Speech_Male> minutes to go in the segment <Speech_Male> here about five or four <Speech_Male> minutes to go here. So <Speech_Male> i'm to go too deep into <Speech_Male> a rabbit hole. Jim <Speech_Male> but can you give <Speech_Male> some advice to those <Speech_Male> who are watching and listening. <Speech_Male> Who are thinking about <Speech_Male> building a team. <Speech_Male> What's what's your council <Speech_Male> for how to attract <Speech_Male> and retain talent <Speech_Male> and maybe even touch <Speech_Male> on millennials. <Speech_Male> Who are <Speech_Male> always the <Speech_Male> the topic <Speech_Male> in among the <Speech_Male> business <SpeakerChange> community. <Speech_Male> <Speech_Male> This year are in. <Speech_Male> You look at any <Speech_Male> toughest challenges <Speech_Male> business owners list <Speech_Male> you'll find <Speech_Male> hiring <Speech_Male> and retaining employees <Speech_Male> at or near the <Speech_Male> top <Speech_Male> especially <Speech_Male> millennial talent <Speech_Male> with <Speech_Male> <Speech_Male> it's crazy thinking about <Speech_Male> how fifty five <Speech_Male> percent of millennials are <Speech_Male> not engaged at work <Speech_Male> and forty two <Speech_Male> percent of them change <Speech_Male> jobs every two <Speech_Male> years <Speech_Male> even <Speech_Male> that thirty billion <Speech_Male> is ultimately the <Speech_Male> cost millennial <Speech_Male> turnover within the us. <Speech_Male> Economy thing. <Speech_Male> i could go on and on and <Speech_Male> on but you <Speech_Male> know ultimately building a <Speech_Male> business of qualified <Speech_Male> talent <Speech_Male> to people that are <Speech_Music_Male> going to treat your clients <Speech_Male> like you treat them <Speech_Male> is never easy <Speech_Male> and it's even harder <Speech_Male> at the earlier stages <Speech_Male> of a company where <Speech_Male> you've got literally <Speech_Male> everything working <Speech_Male> against you right. <Speech_Male> Million things to <Speech_Male> do and <Speech_Male> hiring is a time consuming <Speech_Female> process. <Speech_Female> You likely don't <Speech_Male> have the cash that's <Speech_Male> comparable to similar <Speech_Male> job rules <Speech_Male> that much larger companies. <Speech_Male> <Speech_Male> But what's really cool is. <Speech_Male> You've got something on your <Speech_Male> side. Which is <Speech_Male> the ability to <Speech_Male> row your talent <Speech_Male> within the business <Speech_Male> and allow them to take <Speech_Male> on as much <Speech_Male> responsibility <Speech_Male> as they're capable <Speech_Male> of and <Speech_Male> that's really what we've done <Speech_Male> what we encourage our clients <Speech_Music_Male> to do since we focus <Speech_Music_Male> on that gross <Speech_Male> stage. Which is <Speech_Male> you know build <Speech_Male> at <Speech_Male> black or client. You <Speech_Male> know companies that <Speech_Male> we work with as a <Speech_Male> as meritocracy <Speech_Male> from the top down as much <Speech_Male> as possible <Speech_Male> if your business model supports <Speech_Male> it <Speech_Male> you know for <Speech_Male> us it. All emanates <Speech_Male> from our performance <Speech_Male> based model that <Speech_Male> we employ with our clients <Speech_Male>
"managing partner" Discussed on Behind The Numbers
"But ultimately we're not superhuman. It doesn't make us weak. We're human and we don't think about it a recognize it. Because startups in gross state businesses are just supposed to be hard for my own example. Really hit burn out in a number of in a number of ways one of which was Thinking about building this business as fast as i could write versus taking our own advice around growing smart and growing fast. And you think about Lit scaling your company or really scaling. Your business you don't really think about Let's yelling your personal growth or not just muscling through it right. There's an element of who you are. That's part of it. And so when i was going through my own personal struggles my own personal mindset. I didn't realize the impact that i was having on my team. Based on what. I was going through that i wasn't sharing and i was impacting the team in a negative way of impacting my fiance and then negative way. And i ultimately you know was really losing sight of why set out on his dream in the first place which was to build a great company and build great people within the company as so focused on in the business of you will that i really couldn't take a step back and focus on the business on my personal life and so i really took a step back about that mental tax. I developed my own system if you will to adopt a more human and less superhuman approach right mindset and started doing a lot of things differently carved out personal time carved out a focused approach around number one having an executive coach number two developing my own three to five your personal journey celebrating the little winds and training my my mental state to be really focused on that journey that we set out to do and that i set out to do and and really focused approach around not business but myself and it's really been transformative in not only building that personal mindset but In building the company and the team within the company..
"managing partner" Discussed on Behind The Numbers
"Welcome back to behind the number some dave bookbinder. Today we're talking about growth in value creation with jim barnish from orchid black. Jim great conversation in the first segment here to continue on that and build some more momentum around another topic that it goes hand in hand with value creation that is branding the recognition brand awareness brand value. And i know you went through a branding exercise recently. Can you maybe talk about the topic of branding and maybe share some of your experiences. Yeah absolutely again. We just jumped back to early. Twenty twenty and we're kinda rounding out our second year in business and we add some really big wins and in good clients and our first couple of years but there were also a ton of you know. Obstacles in roadblocks in one area in pacific was Marketing right and that just what we thought about. We're marketing was was not really hitting what we needed to. But what we're missing and we tried it all around demand generation. You know while the company was growing a lot of other. Eric marketing efforts Really just weren't working Email campaigns lots of content right even the general marketing strategy. Based on what we had done previously you would think that it is absolutely work. We had raving client testimonies but ultimately you know we wrote in our third marketing leader coming less than six months after we had just onboard. I last one my thought was. This is different. I told myself not wanting to consider the alternative. That i'm wrong. Ultimately had good reason to believe those words and and part of that was that this first experience not only demand generation marketing but rain in strategy. And what happened was really a transformative journey That was undertaken and experience for me. Around what true branding strategy looks like. In driving organizational growth through the embracing of our customers were and our value proposition. Ultimately you know what we wanted to to bring to the market beyond just demand generation..
"managing partner" Discussed on Behind The Numbers
"You can't just give someone a strategy and hope for the best you've really gotta be hands on and building blocks of accompanying working with whomever is on the other side. The founders that have built businesses but have a few gaps on their team in many cases and so our focus is really taking it beyond just the assessment beyond just the strategy and really digging in and helping companies achieve that potential. Good stuff jim for folks who are watching listening and wanted to learn more about you or how they can work with you. What's the best way for them to reach you. Yeah i take office hours every week. So you can reach me at j b my initials at orchid out black. Or you can also find me on linked in as i'm always on there and always sharing a wealth of knowledge that i hope it's helpful owners out there that you do so we only have about three minutes to go in the segment. So when kind of make this brief. I want to sneak in one more question And that's about valuation discounts and know in my world there are discounts for lack of liquidity for example in a privately held business. There's also the more subtle nuance discounts in terms of selecting a multiple for example or a discount rate based on certain qualitative factors. Talk about your process and how your your work tends to reduce those discounts. Yeah it's a great question way too. Many businesses are discounted on those valuations. Unfortunately and so much of it is is able to be overcome. If you've got the right partner working with you number one founders run into this very clear obstacle of feeling like they need to be the key man in the business forever and then that becomes the executive in feeling like they need to be the end of the business or or women in the business forever and then that just keeps evolving so that the business becomes dependent on key people in the business that is the number one reason that businesses will get discounted on the other side of a transaction..
"managing partner" Discussed on Behind The Numbers
"Is really the same way with strategy at that top top layer and talent than product than revenue than operations. And what a lot of businesses really forget and don't think about is anything beyond that operations in revenue layer right. We constantly talk about businesses being valued around eba around revenue and ultimately it's really about the transferable value that you're bringing to the choir or to the organization that's buying your business whether that's private equity or strategic trade sale. Whatever it might be and that's really what value creation is about is starting at strategy going all the way through operations taking a look at what that exit strategy looks like Where there's unlocked value at each of those very important layers and moving well beyond table stakes at those operations in revenue layers to really create value as quickly as possible and make sure that that value is transferable to the organization that's purchasing company. Yeah really. it's really philosophy around building blocks the same way that you build a product with the philosophy should do the same thing in operating your business. You touched on so many things. There that resume in my world right so in the valuation profession Yeah we we. Measure value based on those metrics multiples of utah multiples of revenue kit discounted cash flows and so forth and do a cheap pop. Here what you're talking about is really going behind those numbers and you used the term transferable value and like to drill into that just a little bit more as to how you define that and how you tease that out where you're going literally behind those numbers. Yeah absolutely again definitely starts with what outcome you're looking to achieve on the other side at exit and where that highest values going to be achieved from whoever you know whoever the right buyers for your business that really takes a strategy for one right not just to go to market strategy but an exit strategy around where that landings that ultimate landings spot is for your company. It takes into account the fact that you always wanna be bought not sold right. You'd never wanna be the one that's focused on. Hey buy my business right. You want somebody really or multiple people really looking at you. As the perfect fit for their business at each of those pyramid layers we talked about from strategy operations and transferable value is really the relative impact that you're gonna have on their business when they do make that purchase right that success that story which is really one of the reasons that folks like microsoft by linked in for the multiples that you see right if you look at you like wow that's that's insane but ultimately the end of the day there's a strategic layer. There's a talent layer. There's a product layer. There's a revenue layer and there's an operational layer that's really important in driving those those multiples. Yeah and all of those things that you mentioned in the construct of the transferable value. I think in industry parlance. It may be something that would be defined as synergy. Is that fair. Yeah i a very contemplative word. That i think it's overused in a lot of ways but that is a perfect word for that that that that word synergy in in that place absolutely. Yeah and everybody is striving to do that. One plus one equals three kind of synergistic transaction but in my experience in research and looking at the data. It indicates that enlarge part though synergies don't get realized depending on where you get your data anywhere between seventy five and ninety percent of deals failed to deliver that..
"managing partner" Discussed on Behind The Numbers
"Welcome to behind the numbers. Dave bookbinder senior director at cf gi. And this is the program where we dig deeper to understand what really matters most in business so today we're gonna be talking about a subject that is near and dear to everyone in business and that is growth and value creation. And i'm pleased to welcome jim barnish. Who's the founder and managing partner of work black. Jim welcome to behind the numbers. Thanks dave happy to be here. Hey jim why. Don't you tell the audience a little bit about who you are a little about a little bit about orchid black if you would yes so imagine you're founder or see you've built a strong company and really by all measures have achieved a lot of success. You're hitting some targets but missing others and you also believe that it's there's this opportunity in your business to grow and sell your business. You obviously want to make it worth as much as possible. After all you started a company to create a legacy and provide financial freedom for your family. You know all those great things and ultimately you wonder if there's anyone out there who can help and his willing to align their business model or their fees if you will With the growth of your company. And that's that's really will we've built work you black We've had value creation process. That helps you understand exactly how much your business is worked today but we more importantly how to make it worth so much more over the next six to thirty six months. The ultimately realized that exit help you execute that plan and see great rewards on the other side awesome and as someone who has a Valuation professional when you talk about value creation measuring value. You've got a receptive audience here in yours truly so love to have this conversation with you and share perspectives. So why don't we talk about growth and value creation. let's start with value creation new. You've got this concept of the pillars of creation. Can you share that with the audience. Yes so my background is largely under the combination of entrepreneur investor and operator and ultimately just saw throughout the gross stage process. How many common obstacles. How many common roadblocks there were towards growth in value creation right my own failed projects. My own stagnant growth. Miss goals miss targets even families waffles and ultimately really focused approach on identifying Where there's unlocked out within a business and within the market as quickly as possible which be doing about four weeks and putting together a value creation roadmap. If you will on how to make that happen we really look at that value at think of the pyramid. If you will where you build a strategy right you hire team or talent around that strategy that talent bill product or service then you drive revenue that product or service and ultimately you operate the business value pyramid.
Vaccine Mandate for Indoor Services Begins in San Francisco
"In the country to require proof of full vaccination against coronavirus for people who died inside restaurants. Pizza Picnic is managing partner for water bar and epic steak restaurants in the Bay Area with the guests. And the public. We know there's going to be a little bit of, uh, angst and push back. Because people have varying attitudes and opinions. Restaurant customer rushed Sherman, it says San Francisco's new vaccination rules go over well with him. I think it's terrific, actually. Absolutely in favor of it. Okay? My wife is a physician. So she sees a lot of covid. She sees the spiking going on. Vaccinations are also required for those who work out in gyms or attend indoor concerts. More of these stories that town
A Pivotal Moment for Cyber Insurance
"There is a infamous aphorism. I think that No one chooses to enter into the insurance industry even though it is quite a large industry. It's one of the larger financial industries in the world. And i am no different. I did not plan for this Although i've taken a liking to it I am a lawyer by training. And when i got out of law school. I went to a boutique law firm with some with some history insurance. The managing partner was a general counsel for a large insurance company before starting his firm. And even then. I wasn't zeroed in on the insurance racket or the insurance industry for me you know. A few opportunities came to join a larger firm and to and to join a practice group dedicated to complex insurance issues. And i really did take to it. You know insurance is about trying to measure risk and then to design contracts to perform certain bad things happen and for cyber risk. It's just become extraordinarily complex ever changing and a really a fascinating area. So it's sort of magnetized me and drove me towards but You know as a student law school or as young man. I certainly did not imagine being. I am today
How Do We Properly Secure Remote Work
"Anthony rowe hit. Why don't you introduce yourselves. Let our audience know who you are where you work for and you both see sows. But you're welcome to say which your titles again goal. Awesome all to jump in so many johnson managing partner del risks. We do market research Fortune one thousand companies cyber formula so at fannie mae g treasury engine working so the court bank large stuck world. How would it be here today. Awesome row hit a guys. Thanks for having me. Your becher actually share the stage with anthony. So i'm cranky disease. Oh for collective health. That's why manage our cyber security and privacy program a collective health as a company where benefits platform predator where we basically consolidate all health related services to our self funded employer health winds and in a sense that means we're in a heavily regulated industry with the hippo on bunch of other law center kind of dictating the business structure but also there's a heavy reliance on the partners and vendors that we work with from an ecosystem standpoint. Family was backstage since. Now you know still security. Mostly focused on the core security to begin with and now You know dabble my feet in two zero which is more comprehensive way looking security. I guess that's that's me
Bitcoin Mining With North America's Largest Miner
"Our guys bang bang. Got fred here. Thank you so much for doing this. Thank you great to be here absolute. Let's get started with marathon in kind of your background. So marathon is one of the largest. Bitcoin miners in north america. What did you do before you on the board and then became the see you so twenty. Five plus years running technology companies across a variety of sectors. Fintech was a big one. Matter of fact my first programming job was at a bank so grew up really understanding the friction. The financial markets was had the good fortune taking some companies public. Doing a lot of a and then switch to the dark side became a private equity managing partner and did leveraged buyouts tech companies and then started advising really large funds and tech companies. I had known the ceo. Marathon merrick former ceo now executive chairman for many years socially or kids grew up together and i joined the board in two thousand eighteen. Really that help him with kind of the transition to bitcoin. Mining and blockchain always been fascinated by blockchain. I think it's a great leveler. If you look at kind of how the internet developed and brought kind of the democratization of information i think people exposing data on the blockchain is going to change. How businesses operate imagine companies like salesforce. Who effectively hold your crm data hostage. If all that data around the block chain not only could use salesforce taxes and gained benefit from it. But you could use other applications. I think there's just a were so early in this blockchain development. Bitcoin cryptocurrencies. Just one part of it. I'm a big believer in the bitcoin. Blockchain foundation for financial institutions very secure fully decentralized network. You know you can say other things about ethier. Money has some great benefits. But it's still is less decentralized than the bitcoin blockchain and there's just so much you can do so. I was very excited at the opportunity to step into more of an operating a marathon. And i think now's the time where you'll see. The miners become more professional. Companies were real enterprises. If you just look at the build out plans most of us have you know. We'll be billion dollar revenue companies within the next year and a half to two years and those become big companies and they need to be run in a proper way with good
A highlight from Episode 111: $50M Is Just the Beginning for AnD Ventures
"You're managing partner of again. I hope i'm pronouncing it right. A and d ventures which is as i from your website is quote unquote redefining value investing. Can you tell my listeners. How your mission distinguishes you from other venture capital funds either a n. d. r. n. ventures. We define ourselves as a company. Builder based fund my partner. And i were in the industry for many years before establishing in and we saw These gaps for let's say early stage founders When they founding their company and a lot of help in really building the company for the first year year s and if you really look at fifty percent of the startup of the israeli start ups are failing for execution. And we wanna be there when they starting to build our company until they kind of heating gross and help them build it. We really aim to come as a partner for the company so we're not just investing or not just taking a board seat were actively helping to founders establishing companies And when we investing we architect the needs With enterpreneurs of the company manny focusing on detect that the base will be strong The products dacian which means okay have a great product to have customers for it And who are my customers so right from the beginning and then i think what's really really important Not just freeze rallies. But in general to grow is the execution of cells so detraction itself We work very hard with venture. Poor helping them bring customers for like the first year or two. That's where we think this is kind of the secret sauce helping from within it's It sounds like a a winning
"managing partner" Discussed on Behind The Numbers
"And welcome back to behind the numbers. Today we're talking about real estate. Investing with david hansell who is managing partner at lucerne capital partners. A lot of good stuff covered in the first segment. Don't wanna waste any time here. I'm going to jump right back in david. We alluded to the idea about raising capital to fund these investments in the first segment. Now's a good time to talk about. What exactly you're doing and how you go about raising that capital. Sure so. I don't want to save as easy for us. I talked about alpha before we built that company off the heels of retail investors that are long term investors of ours and naturally when we went in and started to invest in real estate which provides better tax advantage to them as far as the income returns alive and followed in atlanta's to grow rather quickly and build a very strong track record but We we typically we typically look at Deals in two ways. We would either phone in what's referred to his syndicate the apple where we come anime fire an asset in the go out and raise for that we put up typically five ten percent of the equity side by side with our investors And then they will join us in the investment on they we get their pro rattus be income in the tax write offs and the appreciation and then we recently logged to not tober a fun vehicle which is kind of like a mutual fund for multifamily value add investing Did that for a couple of reasons. One in allowed us with the type of filing at we go out and open new doors new relationships for capital to meet new investors that one have interest in exposure to real estate and learn more about that. So we're actually in the process of raising capital on this new fund that we targeted twenty five million dollar raise in. Were a little more than every there had scheduled. Those investors participate on like said a pooled of dea bowl where they're getting exposure to multiple multifamily acids and other multiple geographic areas so really focuses on strong asset protection and the look to achieve on these types of assets loaded team annual lies returns of really effectively like an irr but there's ongoing cash flow that comes to these investors so it's a nice. It's a nice mix of both ongoing income asset appreciation in tax benefits very very investor portal that we community share tells about out of the performance of the assets refunds. And while this is certainly not without risk In a low interest rate environment to get that kind of return certainly has to be attractive. So good stuff. So for the folks who may want to be Interested in learning more about how they can invest with you in that vehicle. How can they do that. Sure so same as before getting in touch on you could shoot an email to info at lucerne. Capital dot com. That's l. u. c. e. r. n. Capital chp al dot com or. You can go to turn capital dot com and we have a chat bot that. There's you know if you're interested to learn more about future. Investments makes it very simple so david. Let's talk a little bit about the impact of the global pandemic on your business w- what's changed as a result of the pandemic. And where do you see your industry going forward as we emerge from the pandemic. Sure while if i could really give you the exact property say probably be retired at a network here but Got a crystal ball right little joke jokers low but you some things coming into this pandemic. There was a housing shortage. That certainly has not changed some of the problems for the real estate industry. As a whole which many of you can imagine you're well aware of is occupancy now. Multifamily is the lowest risk at all real estate assets. If you think about your office space in retail. there is a lot of vacancies. There is people still need a place to live. You know there are issues with reds and things of that nature the aspects of a focus on or more middle income of media. Come people that are looking to live in apartments and not ownership so say we're immune to it but we've been able to keep Our occupancy levels vary hi we are seeing in the philadelphia market specifically That the leasing velocity the at the rate at which new units at least as slow download. The warm weather in the vaccine as through will see that open up again but know. There's the underlying concern that that you know. There's a large outbreak again. Shutdowns happening even in the face of the vaccine With can generally challenge the market is all people will need a place to live and that kind of is what happened. The other pieces that there's a lot of migration out of the northeast down to the southeast and not too dissimilar like people from california moving to texas in arizona on the north on the east coast or a lot of people out of new york. Moving down to the carolinas. Were very active florida. Luckily philadelphia's.
"managing partner" Discussed on What Got You There with Sean DeLaney
"We share being humid and so if again super basic but but very very very important. I think it's critical. Yeah i mean we were talking about the basics earlier and you said super simple but i can tell you that i mean two hundred twenty five plus these the people who do what you did and start off on mutual ground. Find that connection. I i feel like it's just whether it'd be better interviewer. Not i feel way more connected so i really appreciate that i mean joanna. You have so many amazing takeaways lessons already. I'm wondering out of mentors like you've mentioned a few who is less than left the most lasting impact on you. Oh wow well. I think it started with my father who really enabled me to believe that. I could be anything i mean. Parents say that to their kids. But my dad was the one who said you're but you're going to have to work at it. You can be anything you want to be really going to have to work at it and you're going to have to be willing to take critique and critical advice in it. We talked about sports or in sports with the coach. Coach doesn't say that was great. You're doing really well. But they tell you what you're doing wrong and what you need to do better and it's it's almost like tough love feedback. I end. I think i've sought that throughout my life. Starting so it started with my family moved on to when i was coached email as a competitive athlete and on and then the people i think ann richards was probably. I was so fortunate. It's room. I henry crown fellowship at the aspen institute to have her as my mentor and an was the first elected female governor of texas. She is what who said George bush was born with a silver foot in his mouth anyway. She was very funny but she said she really instilled a lot in the taught me so much about the dynamics of power when someone has power how others tried to take power. She was not nurturing. I there was a time. I was going through an interesting struggle. And she i called her. She said buck up. Stop complaining. get tough. You need to understand that the reason this is happening is based on where you set and others will try to take that from you. Just know that's happening and deal with that And her words and she always used to say to me. Just do it. You know if you sit on a playground and watch abu-jamal's with kids climbing on things. Most of the moms are telling them to be careful to stop. They're putting dampers on their explanation and their drive and she said i'd want to sit on the playground and say try to get to the top of that jungle gym. Go for it. Just do it. She said if we instilled that indicates more think about what they could achieve and take on and those words just always resonated with me. That reminds me of a story. So jeff bezos recently announced. He he's going to be stepping down from amazon. Pretty sure it was from his mom. There was a quote. I think it was his His grandfather lost his thumb in an accident and his mom says. I'd rather have a son without thumb than one who's unwilling to try. I probably butchered that quote but you can kind of see got out there. You've gotta try. You got to explore that. Curiosity is so important. I can't not bring up what you brought. What an was saying about around the dynamics of power. Anything else in that that she taught you. That's just really interesting. I i will dynamics i e yeah so in the dynamics of power i i think i knew.
"managing partner" Discussed on What Got You There with Sean DeLaney
"Went out and raised my first venture fund and i met with four hundred investors over three years so i always know is not yet otherwise i would have been really depressed or probably quit pretty late and you know over tied. Were able to listen to what they told me. And come back in and and chief that and ultimately i got funded you bring up a really really good point there is. It's not about just taking the be able to withstand that but it's about actually hearing some of the real feedback cutting out like you mentioned earlier that signal from the noise i'm intrigued. Why did you decide to take equity as opposed upfront capital. Well it took equity in so in. If i was hoping this is before the fund was in place so if i was helping an entrepreneur essentially doing a private place in helping 'em raise money i didn't take cash fees i took equity because i wanted to be able to demonstrate to prospective investors that i had a portfolio of interesting equity holdings. And the other thing i did that was really different. I went to other venture capitalists and ask them to fund me and that's like cocoa into pepsi by i said i bring this brand the marketing expertise you have technical expertise and i give huge credit in. I think i shared this with when i run into a couple of years ago but bob go from benchmark capital. Got in touch with me and said i. I'd love to meet you meet. could you have breakfast above. I had no idea bucks was now i. It was like we place a downing woodside. So i go into meet this guy. I have no idea. I knew was at a firm called benchmark capital and. He's like the mayor. Everyone's like hey bob and we sit down and we have a great conversation. He said i'm really intrigued by what you're doing. I really like your energy at I said what advice would you have for me. He said always ask for the order. And bob said only you know make sure you always live meeting pleasant. I said well would you invest with me. And he said let me think about it. And i'll get back to you and he called me. I got in touch. I gave him a couple of weeks to think about it and he said i called him any said yes all invest in that i asked i think one of the most important questions which was can i use your name and he said yes so imagine how my fundraising trajectory changed. I was able to call other people in say hi. This is my pitch and bob cato. From venture capital is investing and. That was a little tipping point to you know. Help may have validation credibility and then it gave others comfort to support what my initiative was. Was that always in the back of your mind. If you got bob to invest without a doubt a lot of that was gonna be brand recognition there and being able to use his name..
Top 15 ideas for an equitable economy
"I'm pleased today to be joined by dr phil jackson of new profits. She's one of the managing partners. Enchila- thank you so much for being with us ramona. Thank you for having us especially on this exciting day where we're finally announcing the fifteen solutions for the grand challenge. I am so glad we could talk about this today. Because we've been we've talked about this in the past as you were taking in the applications for this so for those in the audience who don't know what the grand challenges when you tell us. Kind of broadly. What it is and then we can talk about. Who's some of the people have been selected to the future burton grand challenges partnered by new profit in partnership with x prize foundation. Mit solve and j f f. And what we're doing is we're giving finalist access to six million dollars. In funding to implement solutions that will rapidly reskill twenty five thousand workers into higher wage jobs and it quip influential workforce boards with vetted tools to help get americans back to work in why this is so important as that many times philanthropy. We actually give grants based on ideas. These grants are going to be given based on outcomes so it's really going to be down to how many people were trained and how many people were placed in jobs with living wages. What were you looking for as you're looking for the organizations the groups to go forward in this competition so yet so even before cova working on this initiative for two years and really what we senator around were were adults busy people who are in need of upskilling but who can't take the opportunity cost to take off a year or go back to get a four year degree so we know going into this that we were looking for accelerated learning programs and also programs that would allow a learner or a worker to earn while they learn. We know that you know people. We think. A lot about the fifty six million. Us residents who are are working minimum. Wage jobs you know less than living wage jobs that they need opportunities to to skill up in a fashion that works for their complex and busy lives and so we really wanted these entrepreneurs to be willing to center the experience of these learners right and to create solutions that will work alongside their busy lives. We talk a lot about trying to upskill four jobs now. Actually and jobs of the future are each of the program. Said are in your rapid reskilling. Are they ernest. You learn absolutely in the way that we're thinking about it. There's two things one is like you said ramona. The future of work has become the president of work right so a lot of things that we thought were going to happen. Happened in cove. It industries went away that we thought were recession proof. And so what we've tried to do with all of these trainings. Is that one is their offered free of charge to the job seekers. And we're asking about preneurs a train for jobs that will not be impacted in the future works of thinking in the next three to five years and where people can leave the short term training and actually get a job with a living wage in so those are the parameters that we looked at. And we want to make sure that these trainings were geared towards people. Don't have a bachelor's degree and have other barriers employment. There are fifteen different organizations. That will be part of the solution. They're a combination of rapid reskilling. An mit sauce. And so we're looking at the fifteen solutions of the cohort that. We're validating at workforce boards. They just came to us from different challenges. There's a couple that. I'm just really excited about the first. Is this company. That's called charger help. And what's so interesting about that. One is that they are training people to be technicians into service electric car charging stations. What's interesting to me about. The idea is one is who knew that that was a job. You know. I didn't in to who knew that you could do that type of job and not have a bachelors degree so in a sixteen week program. They're able to train someone to do this job and they can go and make upwards of hundred and fifty dollars an hour but the company itself charged for help actually pays their employees up to fifty dollars an hour but they're giving them this training. That has a great market potential. And so that's one example. Another example that we're really excited about is generations. Usa there are national nonprofit ner actually international in many ways but they're allowing people to on the job while they're like learning a new trade and they do everything from building trades to manufacturing to data to technology while they're getting the technical training they're also giving them the wraparound supports of that professional training. And what some might call soft skills but are you know really important professional skills if we're going to actually obtain a job. They're getting paid while they do it. They're tuning to like the wraparound supports. A worker might need so in terms of transportation and childcare and they are promised a job on the other end of it and so as a learner. When you're thinking about that opportunity cost of taking you know sixteen weeks or three months off to learn. You're getting some upside in the beginning. And also you've got this guarantee on the back end.
Stimulus checks won't be taxed, but unemployment benefits will be
"Money, including the additional pandemic backed unemployment benefits. CPS. Stevens, Ellen, managing partner of Zellman Associates, says it's considered income. It's very ironic, but unfortunately we have to pay income tax on the unemployment payments that we received. States also tax the money. So's Ellen says, When you sign up for unemployment, you should have a percentage withheld for both the state and I arrest However, your stimulus payment is not text GeneCo's Silda Fox News.
Mariners CEO Kevin Mather resigns after video comments
"Kevin Mather has resigned today after the comments he made to a Rotary Club earlier this month have surfaced comments that bad, chairman and managing partner John Stanton said today We're extremely disappointing comments were inappropriate and do not represent the organization's feelings about players, staff and fans. No excuse for what he said. And the Stanton will act now is the team's president and CEO until replacement has been hired. Mother's been with the team since 1996. He was promoted to the current role in November of 2017. Other baseball news the Nationals get
Getting back to the pre-pandemic economy
"Know what this economies like right now right shaky in many parts uneven who is recovering and who's not uncertain for both people and businesses so the forecast we got yesterday from the congressional budget office. It's guesses for this year. Promising even without more federal relief we're on track for the economy to be roughly back where it was in the before times by the middle of this year. Thank you vaccines. The labor market is gonna take longer. But let's examine that baseline concept for a second here the idea of getting back to the pre pandemic economy because as marketplace's kimberly adams reports even if the numbers do get back to where they used to be the economy's probably gonna look real different even though gross domestic product can kinda be shorthand for how an economy is doing. Gdp growth does not translate into equal growth off earnings and employment ariane hege issues with the institute for women's policy research. She says the before times or kind of a perfect example of this unemployment was low but often significantly higher for some groups like black and latino ex-workers also and not of women worked in jobs. Where you even with full time year round working. You could not pick yourself. You still needed to snap benefits particularly if you have kids then came. The pandemic worthy economic fallout was far worse for women and people of color particularly in the service sector. Emily knicks teaches labor economics. At the usc marshall school of business and says all this will shape. What the recovery looks like. If you come from a wealthier background you bounce back a lot faster than if you come from a poor background and so another concern we might have is that this pandemic is going to increase income inequality this same logic applies for small businesses. I think we need to define what is normal cherise. Conan johnson is a managing partner at the advisory firm neck. St how are we going to make sure that the communities and small businesses that have been systemically left-back pre pandemic are getting systemic changes. I think that we need to make sure that they're successful. She says for those communities returning to pre pandemic economic conditions might not be enough for an actual economic
interview With Meagan Crawford
"Well. Megan welcome to manage and cut off. This has been a year overdue at this point. An entire pandemic overdue. Maybe i'm happy that you're here talking to us. I'm really thrilled to be here. Thank you for having me anything so to start. I want everyone to meet you. Because you're awesome So you are a member of space fund. You also have this podcast mission eve. That is fantastic. Can you tell everyone a little bit about you sure. Yeah co founder and managing partner of space fund Where venture capital firm investing exclusively in the new space ecosystem so very kind of targeted fund And then i also have my podcast mission eve which I interview the most amazing women in the space industry. It's just been a thrill and just so much fun to do. And in the hopes of inspiring more women to join us here in the space industry So that's that's a project that's near and dear to my heart I'm also on. The board of several nonprofits needs to do a quick shout out the space frontier foundation. The center for space commerce finance mars initiative and the earth light foundation Spend an inordinate amount of my time helping those at nonprofits. So i think that's probably about it so we're gonna talk about a bunch of different angles on the finance side of stuff which i occasionally touch on but probably not as deeply as i should in many cases there's some fundraising that has happened. In the past year that has been particularly notable for the size specifically spacex relativity. Been getting gargantuan amounts of money there's some acquisitions that have happened recently. And then There's a whole trend of holding companies. That i find quite interesting as well as a trend that i find interesting and more shady. Which is this whole special purpose acquisition friend. Those are the things. I want to pick your brain about. Is there an order. would you like to start with fundraising and then get into what happens after. You've gotten a bunch of funding and actually accomplish things. What's the right order there. Yeah well I think i'd like to start with this kind of startling statistic that that i i like to I like to bring up a lot. Is that One and it's it's one of the reasons that spaceman was founded. Actually is you know. Currently launched comprises less than two percents of the global space economy yet has received seven percent of the venture capital. Today right sounds crazy but it. It makes such intuitive sense to like you know somebody watches the markets but exactly crazy. Yeah that's crazy. Yeah i like it when you hear that you're like oh yeah that seems right but holy crap. That's crazy just hear those numbers right and now the one question i would have is. Does that. include any space x funding as launch. Yes that includes spacex funding and includes the you know that big relativity rounded includes all of that. So i guess that's my that would be. My stipulation is like how. How do you separate out. What of that is going to starlink. zach satellites. Then does that skew it or is it not big enough to actually skew. Anything no matter how you classify either couple billion. Yeah so you know the regardless. It's it's a huge number even if he were to try and take starlink out of the kind of the space x portion of that. They're going to be forty percent of the venture right number exactly exactly and so you know when When my partner. Rick tomlinson and i were contemplating a founding space fund. You know this was one of the things that was really bothering us. We were kind of looking around the industry at all of our our friends and colleagues. Who are these brilliant entrepreneurs going and down sandhill road and couldn't get any funding and meanwhile while all these other. Vc's are just pouring good money. After bad into launch company after launch company because all ilan has launched company and basil's has launched company and jared. Leto is invested in in relativity space so i need a launch company. Right and base fund is currently tracking a hundred and sixty two active launch companies around the world.
"managing partner" Discussed on Discover Lafayette
"Is is very difficult and also it's much more Galvanizing it's much more course it's much more prone to have because again any time you even say that while i disagree with the president look how many into look how few individuals could bring themselves to that place because again it wasn't about the core belief system of the republican party and there is a lot of values that i shared her with what the republican party used to me. I don't see that anymore. Regretfully And i'm hoping that more of those voices come out the george will's. The party is certainly someone that i oftentimes find myself reading his columns shaking head. Yeah yeah you've thought somehow tenure. He studied all. That taylor really puts effort into this. I think i was more surface level. I hate to say that will also may there were access to information now anyway but i guess it just makes me sad because i know clearly love so many democrats to but republicans. But it's just it's not the same. I mean because my parents are basically just smaller government. They're not filled with hate. And i don't know i mean it's easy to galvanize people when they're scared angry. That's our base instinctual things slip you grab onto that. It's it's it's scary. But yeah i don't know i mean. My dad was actually saying that. Hopefully it won't be immediate but the silver lining kinda like you're saying was the republican party can slowly with distancing of whatever the heck has been get back to what it actually is. So hopefully i think that will be the good part that comes out of this. So 'cause it's i'll say mitt. Romney has been out liar and his voice. Resonates end lindsey. Graham's road to damascus has been quite interesting to watch and you know so there are voices are are getting it and the pressure that is being mounted on all of the different sides is certainly going to have an isolating effect which i think individuals are going to have to have some really strong conversations with themselves but yeah i don't. I'm hoping i'm hoping that the republican party uses this as a time to go back to their core principles read. The cult of personality That they that they do that because quite frankly we need that like the democratic party needs that the democratic party needs to get back because again. I believe that we do a better job in arguing. Our values and so we need to get back to having conversations about values and you know. I think the thing is. I believe that those who are entrenched intransigent on this light later scully's light john kennedy the problem that i think that they boxed themselves into is is that they're going to only push people wanna get rid of the the parine they're gonna wanna get rid of the the electorate. They're going to want to get rid of the electoral college and the problem with that is republicans have not won the popular vote in the country. Give how an in louisiana would hagner voice. you know. Small stone would have to be there the two that were dominates. So yeah well hopefully this will. We'll say in. The next few months is going to be super interesting. And i do want to say i was proud of senator Cassidy i think it's because he's a baton rouge guy. Were both the same age. He was a graduate. I went to broadmoor high but all that aside you know wanna give a shout out. I was proud of so. Let's talk about. Our state of louisiana lived up are registered voters and we have three million one hundred thousand ish registered voters in louisiana and there are more democrats a million to registered democrats to like million republicans and then eight hundred nineteen thousand other. The independence are other libertarian. Green party whatever right so we still have majority democrat voters. But that's not really how our state votes if you could talk. We were talking before the interview started. It's fascinating how people but one way maybe on national issues and then it's different when you vote for your home town you know for low. Crochet said yeah it really is. We've certainly seen that in in looking at our numbers it has been Certainly true over the last decade that the republicans have making a lot of strides forward in ingoing. We used to have democratic party. Used to have a majority of the registered voters down. We don't we're slightly behind a clear. Majority of the state of all registered voters. But we still lead. I in all of that that being said. I think that our voters are lot more complicated than party Our voters Oftentimes on national level may see things in a more conservative lines may see things more certainly when we talk about. The supreme court picks in those sorts of things. You certainly see that there is a little bit more of a conservative than there but when it comes down to local elections people really do in louisiana. Want to consider the candidates for themselves regardless of party. oftentimes The party on selection may get them in the door by what keeps them or what converts them is the conversations with those individual and and so. I think that the opportunity for democrats i mean. I never thought twenty years ago when i got started politics here louisiana. I never thought that democrats would be able to claim jefferson parish as a blue parish. But guess what's happened and that's what we're seeing. We're starting to see that. Not only to cities do democrats have a solid majority but now we're also hearing the suburbs and the democrats taking over that in the more rural areas have become much more crimson democrat as a lot of those individuals used to be working class blue collar workers and they tended to associate with the democratic party. We've seen kind of that shift especially when it comes down to social issues has kinda cold that begin to that so the opportunities now is you. Lean into that and figure out exactly how do you. How do you garner those votes. How you engage with those voters so that they turn out on election day john. Bel edwards is an anomaly. Obviously i mean he's so conservative and some of the things that people really care about you know rights lives and Gun rights but in the big cities. I guess lafayette aside. It's minority democratic candidates that that have been winning these at least the mayoral races. I don't know about other the city councils and all that In louisiana would you talk about like the the typical democrat that selected at these levels. Is it mainly minorities that are being elected as it based on the population or Am i no no. We've got a great. We've got a great cornucopia a democrats that are getting elected in these local areas. We're seeing a lot of a folks. You were kind of doing what. The republicans did in the nineties as a party of more really building her bench right now in getting a lot of our folks elected to school boards.
"managing partner" Discussed on Discover Lafayette
"Operations data when our have we come up short not throughout votes challenge. This in court for you know on tonight that was that was something that was very Real us how are we going to make sure that that doesn't happen again. And then we'd sounds forward ourselves and one of the things that we believe. We have a lot gone. Were really good at is knocking doors and having conversations with voters democrats are good at that that was ripped away from us this year. We couldn't do that because cohen me had immediately figure out. Okay what is this. An it played into a lot of the president's words in a lot has been made his individuals. That did this digital organizing. They were so good at at at but they were doing it buys stoking the flakes were not burdened by truth and when you're not burdened by truth of you can just do anything. That's going to incite people to do what you want to do. You're not harnessed on to you. To to being factual no wonder. I don't know if my numbers are right stephen that talking about the al gore george w bush race. I mean from what. I heard al gore's votes for maybe five hundred thirty seven short state of arda so to lose that election. He probably was watching this right. Just you know disdain. For the whole process because finally did conduct himself honorably went to the supreme court and how it came out that that was a squeaker that is why really wants absolutely and for those of us who stayed up that whole night and then the next night and the next night we also we. We certainly remember that. And we saw how that played out i ultimately he was a state ultimately he did stand up and say and we look at the concession speeches that were made by john mccain mitt romney we look at the statesman that stood up and said that al gore certainly goes into that into that. Even look back at jimmy carter and that race was a pretty dirty race israel reelection in the problems that that got there. So you know i'm looking at. I'm hoping that we can call to our better. Angels here and get to a place. Where we're going to hold people accountable. I believe in finding the things. I believe i absolutely do but at the end of the day. We don't do it by tearing down the other right. I think we shared a friend when we lost him. Warren connell was such a good friend of mine And he was such a great guy because there was a lot. We agree on surprised by when we were doing the radio together and we were working together. We were always trying to find something that we could. What does the one thing that happened this week that we can agree. It was a good thing. Or what can we agree. That shouldn't have happened and we need to do better so it doesn't happen yet and we gotta get ourselves back to that. Somehow we got to well. Social media is to me the biggest difference between some of these prior elections where we are now because obviously it was a coordinated effort and social media. You know people have just gotten to be so inflamed all the time. It's it's just a way of life now calling people names and things. That even ten years ago i would have never imagined. Stupid are hubbard. Maybe enough you'll remember you remember. I mean it was not that long ago where we never in politics would accuse our opponent of line jury member. There was like a thing where you would say they got it wrong. We wouldn't go into like pretzels in order to be able to not say that they were lying because lying was such a bad. Stay right and now. Alan do we. I mean not only people And it is it is. It is definitely something that we we gotta come to terms with. We gotta figure this out. There is a whole lot at stake. Co that numbers have never been worse in our state The governor's going to be doing a press conference this afternoon. Which by the time folks here this interview will will be able to to know what comes from that but the numbers are only anymore and The new Strains of the virus are are incredibly aggressive and it is incredibly scary What we're going through right now. That in and of itself should be a huge crisis that we are dealing but we have multiple crises that were dealing with all even agree on that. That's what's so amazing. You know people that still don't take it. How did we allow that to happen. Mike how did we allow wearing a mask to become a political state. I don't know let me ask another National level before we go to state politics When unlocked on the biden side and the democratic national committee. It's like it's for real people. You know the issues i wanted to know. Like what are the toughest shoes. Because i never really looked at all that we have a divided house here kiss. You did not like somebody voted for trump and others maybe deadens but when i looked online there is nothing for the republican party since two thousand sixteen. They just chose not to adopt a platform. I guess they defaulted back to the sixteen issues. I didn't even. I didn't even follow that. I was one of those that was happy about the supreme court tax in. I gotta say do not voted the party line when look at what the democratic party stands for you know getting the minimum wage to fifteen dollars by twenty twenty six. I think Focusing on Cove it you know. The the fault lines have been drawn between people of means people Color suffering war. It's it's laid out just so explicitly and it was really a beautiful thing i i don't i just have to be honest. I don't agree with all debts but the thought that when interior i thought for people that don't know who to vote for the democratic platform really laid out depth. What their thoughts are as opposed to my party. You know if you know. And i think that that was a mistake when you allow your party to be run by an individual and it becomes a cult of personality verses. A basket of ideas were. That difference.
"managing partner" Discussed on Discover Lafayette
"Are as upon but my god. I don't know. I mean my little sister just turned twenty two. I want her to be excited about the political process. You know so what i wonder. Will this be a silver lining not only the democratic party but hopefully for the republican party to back away from that you know Dysfunction in really look at our core values. Which is what i cherish. I mean i was a reagan republican back in nineteen eighty s when i registered in cherished our party ideals but they're no longer visible. At least i say. I just in louisiana but nationally. So do you think that did count ability aside. I guess that's unfold. Stephen as we go through the next few weeks You're know there's peach and all these other things going on that he thinks he's gonna be a silver lining from this extreme behavior. That we've been witnessing i think so as long as we don't short hand the accountability part. I think that in order for people to feel like we have had a reckoning that we have had a time of a as work for us to be able to come together you. I look at the dichotomy of our two united states senators from louisiana. What a huge in the to you. And i am not a fan. How bill cassidy. That was probably one of the most difficult races back. i ever had to go through it. Because i'm such good friends with senator. Andrew and i really believe that she was better for state that being said bygones. He has shown himself to be a statesman in the past month and he needs to be recognized for that and we also need to contrast that with a buffoon that is john kennedy who has embarrassed us time and time again as a state he seems committed to making himself this constant talking head that needs to get out in front of a microphone to the first person to have hot take and be able to say something that so full of venom that will get replayed and replayed replay and the problem is that it was cute when he was just trying to do as best impression of foghorn michelmore okay but the problem is being quiet exactly but the problem is now. He actually inspired the insurrection. Even after even after his workplace was attacked his life was put in danger. He still voted to say yeah. We don't care. We don't care what happened in georgia. We don't care we don't care how the voters voted in that state. We don't care that the courts have all ruled against the president were still going to invalidate millions of votes by casting aside of. It's never been done before. And she is going to have to account. And there's there should be a very steep price for him. Congressman mike johnson and congressman scalise. The three of them added to this problem. A big stoke the flames they enrage people and we can't then all of a sudden act surprised when you enrage someone and they act out. We just can't senator. Kennedy is up for reelection next year hurt. People speculating on the show. Yesterday about governor edwards possibly running. Do you have any information about people. That may be looking to run against him. At as i always say. And i've been trained pretty well after almost nine years of running the party. That's not my news to make. But what i can't tell you. Is you better bet that we are going to have a significant challenges. And i gotta tell you. This is a call to all of my friends in the republican party. You need to challenge this man. You need to say not my house and you need to draw a line and say this is beyond the scope of what it is. We are going to be accepting and until that reckoning happens. I mean look right now. Amount of businesses are making those decisions. I feel bad for any of the white house interns. Any of the junior staffers that have worked in this white house. They're not getting a job. Yeah okay they're just not going to be getting a job not for the future. Because i don't know of any business that would want to take that risk on of getting found out that they hired someone who may have had some sort of a role in this administration. There has to be an accounting and seeing these corporate citizens actually stand up all the banks now saying that we're not going to process your credit card transactions anymore. You're no longer going to have space to be able to do this. Work because it instigated an insurrection and a lot of large corporations have suspended giving yes. I'll political getting. I think they're just backing out for a while. So in moseley you know the the the biggest ones or saying that we're not going to be giving especially were not giving to individuals who voted to throughout millions of voters that i think is incredibly important that they're being able to draw the line they can say you left rider center. This is the line that we have to draw. The nation a. That elections have consequences and them. Now wins they gotta be recognized again. The person who gets the both votes wins. I mean that's what we are taught in the first day of kindergarten. We've got we've got a push those norms even when our candidates don't win entrust have been on that side of those races before. I was totally thrilled for years ago. But i kind of except that. It happens and i know that a lot of people are like off is pricing equal time again. We thought that there was fear. Not that it was all fraud. Feel like those are differences in just the basis of their argument. I mean we knew that we lost fair and square other than just some people talking in other ears letting people but not just ballot changes. I mean it's it's entirely different. In my opinion i mean. I think that that's very valid. I think that that is that is probably one of the most cogent explanations as to the difference that we find ourselves in right there was we immediately went to work. I mean being on the inside We immediately went to work inside the democratic party. To say how in the world that we this short in our polling data when our.
"managing partner" Discussed on Discover Lafayette
"This is john swerved and you're listening to discover lafayette a podcast dedicated to the people and rich culture of lafayette the gateway.
Bridging HUGE Gaps between Consumers, Providers, and Payors with Evan Osborne
"Welcome back to the outcomes. Rocket saw marquez's here and today. I have the privilege of hosting evan osborne. Evan osborne is the founder and managing partner of diabetics united and also president and ceo of ride salem and healthcare management consultant with a focus and quality initiatives and change management. Evan has over ten years of professional experience in direct patient. care as well as he's he's held leadership roles and both the payer and provider rounds of the industry. Evan has a diverse background and continuous improvement systems building and program management and has earned a bachelor's degree in biology at western oregon. University and in therapeutic radiation oncology from the oregon health and science university. He later earned his master's degree in public health at the university massachusetts amherst and is currently completing a doctor of business administration at california southern university. I'm excited a chat about the work. That evan is doing with diabetics united and really his his contributions to healthcare overall. So evan. such a pleasure to have you here with us. Thanks for joining honor to be on. Your program saw a mouthful that you just read off from my for working through year busy man. You're a busy man. I liked the busy thinks you know so. One of my favorite quotes is an idle. Mind is a workshop of the devil. The right yup. Yup you've done a lot of really great stuff in in healthcare avenue. I definitely want to share with everybody. Listening the work that you guys are up to bat diabetics united but also unite salem. Which is really cool. Cool stuff but before we dive into that just park for second and under better understand. What inspires your work in healthcare. Certainly will it's comes back at the turn of the century when i was pursuing a career opportunities aligned with my education being biology and computer science unique blend of potentially stepping into the healthcare realm and then during that time on a personal level. I had a one of my favorite uncle Called me up. And tell me about their their brain tumor that they just developed and They were working with some health. Professionals called radiation therapists us. I really enjoy His time with them. They're really good at what they do. Such an i never heard of such a field before around the same time. I university Counselor recommended a program oregon. Health and science university radiation oncology. And so having not so close together being told about the program and i looked into it and before i knew it was gonna program wonderful program there in portland oregon And then ten years later after working bedside in oncology taking on leadership roles progressive leadership. I was exposed to bigger picture. Realms healthcare And then on a personal note. I later developed Type one diabetes late in life. So i went from a very rarely going to healthcare. Not really seeing it on the customer's level. More just out of the health. Professional became a frequent flyer. Customer i seen it from end to end. And then my career took me into both sides of the industry and the health insurance industry hostile side and then consulting as well So with my diverse background there and my personal connection with it I continue to strive to to contributes improving yourself to the healthcare system that that's unfortunately a little bit more messed up. And we'd like to net but with all the numbers out there. It's it's easy to see that it needs improvements. And that's what motivates me to continue getting up every day to kalki poker evan That's that's great man. I mean how those two road scott converge to get you in new on the young college field and then you you stayed in and then type one diabetes happens to you and you just like you said this. This is it for a year it contributing in a big way. I appreciate you sharing your story very down and you know what i you know. We don't truly fully understand until you live it and You know having the the steps that that you have to take to manage diabetes. You live it firsthand and inspired you to create diabetics united. So tell us a little bit about diabetics united and what you guys are doing to help the healthcare ecosystem and in particular Think consumers right. Yeah her so. When i first was diagnosed stylish trying to teach myself a green all the information that i could help management as even and what i noticed. Was you know. There's pockets of information throughout the internet to go pretty deep to get what useful and practical you the season diabetics. So you have an enormous amount of information for diabetes one basically so someone that's in the process of developing diabetes or just recently got diagnosed. You're just basically learning alphabet diabetes. That's what's out there But there is no actual central location where it takes it to the next level. More of a practical approach bringing everyone together in the industry so Like a hub. And google is the hub in in essence. There's so many layers to get to where you need to go. It's not filtered out. And it takes a lot of time to get what is pertinent that you're looking for from someone such as myself. A background and diabetes kinda still through a narrow it down to what's practical to diabetics But also the ability to interact with it so diabetes united completely interactive platform on a web based solution. We can say so. Members can get on the website and an add content to sites. It's kind of a fusion of facebook. Amazon and wing thin And we've got some other Services that were hoping to roll out here in august. That'll be practical to this day and age being remotely accessible and coach
Robert Patin On The Business System That Leads to Success
"Nice guys community. So get this I'd love to start off this amazing episode in the words of a fan of today's guest. Rebecca. Patent has created an indispensable guide for how to create not only the business you want, but the life you want. So Robert is an authority on financing creative, Services Agency growth. He's the founder and managing partner of patent and associates a Los Angeles based Business Management and consultancy firm through his Council and coaching his clients have generated more. Than get this thirty, million dollars in additional revenue is the author of the number one international bestseller, the agency blueprint, the business system that leads to success I'm excited to have them here today welcome Robert to the Nice guys on business podcast like you so much. So happy to be here. Happy to have you here man appreciate your your level of expertise is I was reading some of the reviews. Unfortunately we do so many interviews they don't have a chance to really. Dive deep into many people's books, and yours was one that I just kept reading the Amazon like until they wouldn't let me let me take anymore pages. I'm like Oh this is good. This is good stuff. So congrats on right Milia a really good book that that means a lot to those that are in your community. Awesome. Thank you so much a so tell me I, WanNa start with this in case somebody realizing I. don't even know what an agency Is Can I want to start with a real one? I'M GONNA approach is a third grader for a moment and then we'll get into a little deeper conversation but what would be considered an agency for those that are listening in our entrepreneurial based community today. Sure. So I defined agency as a marketing agency that handles creative that handles strategy that handles public relations digital agency that a social media management, facebook ADS SEO graphic design, web design, and video production. Excellent excellent and for those that are in our community, how how would they know like what symptoms are they experiencing? If they know that they are running a business that instead of they're running the business, the business is running them 'cause I'm assuming oftentimes that's why they'll they'll come to talk to you if if they need some help with getting their arms around their agency. So typically, you'll see that the agency owner is working more than forty fifty hours a week They're spending the majority of time doing things that are in client service administrative work where they're not working on things that allow the business to grow. So the primary focus that I work with as far as executive coaching is on getting the business owner to be focused on everything to be on business growth. So, how do you get somebody out of their own way? Because oftentimes it is I'm looking at I have a podcast production business and we have give or take eleven or twelve people depending on the time of the time of the year that we we run our business, and I oftentimes find myself working in the business rather than the big pickers picture strategy because sometimes I'm dealing with the selling side of things or getting into the weeds when it comes to marketing or design of you know of a landing page and that's probably a big. No No, I just don't know how to get myself out of that and get out of the way I'm I'm assuming that many of our people in. Our community, our experience that experiencing that too. So what would be your advice other than? Hey, just kind of stopped doing that what's their first step? What do they need to do the? It's a lot of it is a mind shift shift change ride that you need to be thinking about in is the only person in the world that can do. This particular task, and if not, then it should be going through what I refer to as the threes do delegate or discard rights owed is this something that I should be doing because I'm the only person can if if not in someone else can than it should be delegated and if it's not worth being delegated than it's something that should be discarded. So, when did you discover that? This was your gift. When when you come down to it, weren't you where you one of your biggest offenders before you became the biggest advocate for what you do? Absolutely. So I had at one point in my business and I had reached a position of burnout. Right I was working ninety hours a week and had been doing that for multiple years and got to appoint. was starting to feel trapped in my own business and. I decided one weekend, sit down and actually just. Pen to paper, write down what I wanted my business life to look like what I wanted my life to look like and mapped out a plan to redesign my business to function to provide me with the life that I want still being able to grow the business and be able to have an impact, the same value and impact on the community that I have. But not having the level of stress that I was in and sacrificing my personal life and my personal goals for career.
Jennifer Neundorfer of January Ventures
"And today we're gonNA hear from Jennifer new door for she's the CO founder and managing partner of January ventures. It's an investment firm focused on tech startups founded by women and people of Color Jennifer join me to talk about how her company is approaching investment strategies during this unprecedented moment and how they differ from other firms overall. What we're doing differently is really building a venture firm that is designed around access and transparency. That's not what venture has traditionally been known for, and it's what has really under served winning and underrepresented founders, and so we make it very easy for founders to pitch us and find us in everything that we do is focused on removing friction for those founders at the early stage and what type of startups do you look for? We invest primarily in tech enabled talker businesses. So we are investing in companies that we believe can be high growth scalable companies that are going to be capitol efficient. We are investing the capital early and then are looking for outsized return. So we're looking for companies that can go on to be hundred, million, billion dollar companies, and really be those outliers that generate returns for our fund and. You you invest in the in the seed stage. In the early stages of a business we invested the precede seed stage and what are the reasons that we do. That guy is when we started January, we did some early research and there had been a lot of data talking about how how little venture dollars women receive in two thousand, nineteen female only teams received just three percent of. Venture dollars, and if a woman happened to have male co founder, she received eleven percent of venture dollars. But what we found in our data as we look just at the earliest stage is that there's not only a gender gap, but it really starts early. So for every dollar that a male found raises at the precede or seed stage, a woman raises thirty eight cents and a black. Woman just two cents, and so that is really where we are focused to January. Because as you imagine a dollar versus thirty eight cents on the dollar versus two cents on the dollar, many of those are handicapped from the start, and so our focus is on getting them the capital and resources that they need to really generate momentum for their business and get to that scalable growth curve. How large is your fund right now? Yeah, we're deploying out of the twenty million dollar fund. Were typically writing checks that range up to half a million plus because we're investing stage when founders are raising. Two hundred fifty three hundred up to a million dollars on a really at those earliest ages and often the first capital in. And who who are your investors. Are Investors Range. So many of them are the typical investors that you would expect to see family offices, high net worth individuals, and some institutions and foundations. But from the beginning my partner Marin, I wanted to be very deliberate about who are investors are limited partners were because. So much of the traditional venture model has relied on a very small set of investors or limited partners and has reinforced this flywheel around making that small group very wealthy, and so what we have done in both of our funds is proactively reduce the barriers for nontraditional investors to invest in our funds whether that is a founder who is just beginning to. Capital Wealth and may not have a lot of equity and finding ways for them to participate or pitching LP's who follows height of the the traditional circuit that most funds pitch. You know whether it's by geography ethnicity we've really tried to work hard to diversify our alkies. How do you find startups to to invest in? I mentioned that venture has been so long on really inaccessible to most founders and a lot of that is because many venture capitalists rely on their network to source deals, and that's fine. But most of the people that are in someone's network look or are similar to similar characteristics who that person we hear a lot of talk about the tests Cana found her get a warm intro to them, and if so then they're willing to consider taking meeting. We turn that on her head at January, and so from the day that we launched, we have been open to cold pitches and when we went out with that, many of our peers told us you're crazy. We weren't gonNA see great pitches. There was no way we could handle that certain volume. And we were pretty overwhelmed. When we launched in October two, thousand eighteen, we saw four hundred pitches within the first week and so very quickly we leverage technology to develop a scalable way to review those deals were very generous with the first thirty minute meeting. We want Martin I want to be the first people at our meeting these founders right we want to be the ones who are judging whether they are a fit for a thesis, and then we have a higher bar for. Who we spend time with who we due diligence on and ultimately invest in because the nature of our businesses there's a very wide top of funnel, and in any given fun were making twenty five thirty investment. So there is pretty Winnie in process but were deliberate in the organizations that we work with to make sure that we are reaching founders that really fit that underrepresented mold and telling them that are light is on and we WANNA be fund of choice for them so tummy. Tell me some of the startups in your portfolio. Yeah. This is the part that I love talking about it sort of talking about your kids on. And it's hard to pick just one but I'll you a sense for some of them. We are investing problems that we believe are big and we really care about solving were really focused on investing in companies that are addressing big broad problems that are going to shape the future, and so one of those founders that is really doing this is a founder Julia. Collins, who is the CEO of the Company Up Planet Forward Julius founder who has deep roots in both food and sustainability and great founder market. That's something that we look for a lot and Julia is building a regenerative supply chain for sustainable foods. Just Chris. Quigley you sir. Can You? Can you kind of explain just plain plain language orders a regenerative supply chain me I mean I, I notice supply chain means a note regenerative means. Yeah. That's a great question guy. It's really about the ingredients and wear brands and CPG companies are sourcing the ingredients for their foods and they would basically evaluate the sustainability and on a number of different metrics including the carbon footprint including those ingredients were were actually farmed and then be able to suggest alternate sources and it'll turn it whether it's a different farmer on a different type of ingredient that have the same impact so that I as a brand could make those adjustments and make a more sustainable. And regenerative food product right. So if you were looking for palm oil, for example, this platform could say, Hey, you know this is a better place to source your palm oil from. That's exactly right and they are really the first ones to do that on an what we've seen in the past six months is that consumers union between being at home and suddenly really caring about what food they eat, and then all of the very visible events in the last couple months around climate change and sooners are really starting to There's a there's an acceleration in consumer awareness of climate-friendly foods and being conscious of the choices that they make and wanting to be sustainable.
Germany promises Elon Musk full support to get Tesla's Berlin plant ready
"Moving onto the stock, then volatile day for the Nasdaq and for Tesla Tesla finished down five point eight percent on the day to four hundred and forty seven dollars thirty seven cents. So just a bit above where the split happened at around four forty two but that did compared to the Nasdaq finishing up one percent today. So this provides a good illustration of the potential downsides of the at the market structure that Tesla has employed for this potential up to five. Billion, dollar capillaries that we had talked about yesterday. The stock is now down about ten percent from when that agreement was put in place, which demonstrates the risk of not just raising at that fixed price at the time. Of course, with the structure, you have to be comfortable with that risk and presumably not wanting to raise that money badly enough to do it at a lower price and status giving yourself the option if the price stays at that level or goes. Hi. I'm not sure currently on whether we get any sort of updates or when we get updates on whether or not Tesla has issued new shares as a part of that equity distribution agreement. So I'll try to do a little bit more digging on that but if anyone has the insight on that, please let me know for now though because the stock has fallen would be surprised if they have acted on that and issued any new shares we did have just. A couple of pieces of news specifically related to the stock today one is from significant Tesla investor Baillie Gifford. An investment firm that has for a long time held greater than five percent of the outstanding shares up Tesla stock that five percent level requires additional disclosures around trades with the SEC. So in an SEC, filing baillie Gifford has disclosed that their ownership stake in. Tesla has dropped below five percent of the company. I would assume the selling has been happening for. As has been dramatically rising, of course. So for firms that already had a significant portion of their portfolios in Tesla, it just becomes too overweight and they end up trimming it back to add more diversification to their portfolio. See the same sort of stuff from our best Baillie differed managing partner James Anderson said quote. The substantial increase in share price means that we needed to reduce our holding in order to reflect concentration guidelines which restrict the weight of a single stock in clans portfolios. However, we intend to remain significant shareholders for many years. Ahead, we remain very optimistic. About the future of the company, Tesla no longer faces any difficulty in raising capital at scale from outside sources, but should there be serious setbacks and share price. We would welcome the opportunity to once again increase our shareholding. We are privileged to have been decimals largest external shareholder over a period for the development of the company. We are mentally grateful for the extraordinary efforts and achievements of Tesla and driving forward a transportation and energy revolution in the face of persistent skepticism and often downright hostility without tussles efforts. The possibility of hurting climate disaster would have been significantly reduced and. So pretty strong statement there from Anderson I think safe to say that Baillie Gifford is not reducing their position Tesla due to any perceived weakness in the company rather just their funds management structure. In other news on the SOX Today Bank of America analyst Jon Murphy has increased his price target from three hundred, fifty dollars per share to five hundred and fifty dollars per share I believe that the second highest now on the street in terms of a base case Murphy noted the strength into the underlying business that the high stock price affords. Tesla. Saying that it creates A. Positive feedback loop due to the low cost of capital that Tesla has available to it. Through follow on offerings I would definitely agree with that positive feedback loop that helps Tesla not only raise capital, but it should help them get better terms on debt perceived strength of the business by the market can help desolate negotiations with suppliers. Again, especially, help confidence in customers Tesla's can exist going. Forward to service their vehicles, if they do decide to purchase and hey, it's probably helped a lot of investors be able to afford the product, which is also not a bad thing i. think the downside is that with a high stock price, there's potentially less upside available. So it can be a little bit more difficult to acquire talented recruit talent because you don't really have that one. Hundred X upside in the stock anymore like you might add twenty billion or thirty billion. There are offsets to that too though of course, some of that reduced upside comes alongside reduced risk, which is also important in making career decisions anyway back to the Bank of America note, despite the two hundred dollar price target increased to five fifty Murphy does maintain a neutral rating on the stock. Last thing today's quick update on a musk being in Germany. As we said earlier this week he's there for Giga Berlin meetings as well as with cure vac and Bloomberg has shared a couple updates from those Giga Berlin meetings according to Bloomberg. Meyer who is the German? Federal Minister for Economic Affairs and Energy told musk quote. We are very proud of your car plant and Brandenburg and we wish you good luck with that. You'll have every assistance you need and. Bloomberg also notes that construction thus far has progressed relatively smoothly I think we're all pretty aware of that and they write quote a summer twenty, twenty, one production start is still the goal Brandenburg's premier Dima Vodka said in an email statement and.