One of our e-commerce portfolio companies is blowing up (in the good way!).
Insane CAC. High retention and unit economics.
They need a $500k-$1M line of credit.
Who is the best private lender for e-commerce businesses?
Instead of VCs only investing in sober founders, there should be a fund that only invests in ghostly pale founders, dudes who look like they haven’t seen the sun in ages. That glued to a computer work ethic is essentially guaranteed to be insane
You are our next Associate. You are ready to break out. You want to be on the most thoughtful & ambitious platform, you want to be 1 of 4 investors on a team managing $400M, you have a growth mindset, you want to learn, you're ready to build Pace w/ us: jordan@pacecapital.com
If you want to understand the future, read history books and biographies.
The world is cyclical. Patterns repeat.
There is so much to learn from the past.
My cofounder Nick spent 10+ hours creating the ultimate net worth tracking spreadsheet
Enter your:
- Assets
- Income Sources
- Goals
& you can calculate how your net worth will track with time & inflation
Like this post & comment "sheet" and I'll send you a copy
Fund managers: The climate for raising a VC fund is the toughest I've seen since 2009.
@msuster and I are recording a special pod today to discuss fundraising tactics for a market like this.
What do you want to make sure we talk about and answer?
A mortgage payment doesn't go up for 30 years.
My parents still pay $420 a mo on a 200 acre farm + house they bought in 1998.
Rent goes up 5%+ per year. Compound that over 30 years and its 4.5x higher.
People who argue that renting is better are simply wrong.
After Google killed my API-based email warmup, people asked why I didn't make an IMAP one.
1 BIG reason: I couldn't do anything new, different, or better than what's out there.
I've never released anything if it didn't meet those criteria.
I always aim to lead, not follow.
@maxfisherRE We see that in southern Ontario (and maybe beyond) with Kaneff building courses and then parsing off the land eventually, pretty interesting playing some of their courses in the middle of high dev areas
One of the smartest real estate plays I’ve seen is with driving ranges ⛳️
Owner buys a large parcel of land on the edge of town, builds a driving range
Soon, the town grows to where the range is
Now, the owner is sitting on the largest parcel of developable land in area where land is scarce
Then the owner sells the range for a premium 💰 to a developer
AND, that entire time, the range owner was cash-flowing
You asked, I delivered.
Many of you have asked me how to value a company.
To best address this topic, I went back to basics.
Valuation by Mckinsey, Aswath Damodaran's lectures, MM papers and more.
Just comment 'valuation'.
I'll DM you my notes: A Primer On Valuation
I've discovered a set of ChatGPT4 prompts that create Cold Email Scripts that PRINT meetings (In less than 2 minutes...)
Was gonna gatekeep but thought I'd throw a resources on how to do it
Just like + comment 'AI' and I'll dm it to you
(MUST be following)