Thread by @HoarseWisperer

In case you could use something a little lighter for a couple mins, the drive-time convo with my 11-year old.

Him: Dad, I need some money.
Me: Oh? For what?
Him: I'm starting a business. I need an investment.
Me: 👀
Him: Me and three friends. We each get 25%

1/

Me: Um, okay. I like the energy. What kind of business?
Him: Snacks. We're going to sell snacks in school.
Me: That doesn't--
Him: We can make good money. We just need some start-up money.
Me: What are you going to do with this money?
Him: Inventory. We need inventory.

2/

Me: What kind of inventory are we talking about?
Him: Gummy worms. Other stuff.
Me: This doesn't sound like a great idea.
Him: Why?! You can make a fortune selling snacks at lunch!
Me: Yeah, so you sell a few gummy worms. You guys make a little money. Everything's great...

3/

Me: ...and then things get out of hand and next thing you know you're moving three kilos of goldfish a week. And then they've got you on 'possession with intent'.
Him: 👀
Me: I'm just saying.
Him: So, is that a yes or a no?
Me: I'm going to need to see your financials.

4/

Him: What?
Me: If you want me to come in with an angel round - some venture capital - I'm going to need to see the numbers
Him: 👀
Me: What do you need to get started?
Him: 👀
Me: How are you going to scale this thing?
Him: Franchises
Me: 👀

5/

Him: Once it takes off, we're going to sell franchises to other students.
Me: I'm listening. Leverage. Recurring revenue.
Him: So...?
Me: Talk with your partners. Get me a business plan with real numbers.

I gave him a week. We'll see what Shark Tank, Jr. comes back with...