Sublime
An inspiration engine for ideas
More firms are incubating companies as early-stage valuations rise.
A few successes:
• Snowflake ($49B mrkt cap) by Sutter Hill Ventures
• Affirm ($6B mrkt cap) by HVF Labs
• Hims & Hers ($1.3B mrkt cap) by... See more
Has anyone tried this?
1)Bring in a cohort of aspiring entrepreneurs
2)Coach to find a Main Street biz to buy
3)Buy for $3-7mm w/ an SBA loan for high leverage
4)You put up most of equity; partner on new business; they run it
Besides, you must PG the... See more
Michael Girdleyx.com
In November, @michaelnerby closed on 2 laundromats in CA
Used $25k cash to close on assets worth ~$1 Million
- 4,200 sqft w/ 114 washers & dryers
A thread on creating $250k in boring biz cash flow: (WARNING - no NFTs were used in the creating of this deal 🤣)
Codie Sanchezx.comCadre, another real estate investment startup co-founded by Jared Kushner, Josh Kushner, and Ryan Williams, has raised $133 million from venture capitalists. With that investment comes the expectation of rapid growth and strong profitability, which could lead to lower underwriting standards and higher fees. Plus, Cadre does not avail itself of Reg... See more
Packy McCormick • Fundrise & the Magic of Diversification
Top of mind VC LPs this week:
- LPs with lots of VC exposure “pruning” $$ sizes down
- Secondaries (LPs selling interest/slice of interest) heating up. Clearing @ 20-30% discount.
- Big LPs want to add crypto to portfolio but some resistance from boards/CIOs
#knowyourcustomer
Meghan Reynoldsx.comFundrisePrevious testimonialFortuneTechCrunchWall Street JournalNext testimonial
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