A good friend of mine reached out a few days ago to share what he was working on and I was not surprised...but impressed with the detail, the passion and financials.
I wired the first of our investment today and he is in shock. I can’t wait to announce this one...or the location
I wired the first of our investment today and he is in shock. I can’t wait to announce this one...or the location
He had other investors lined up for the small version of his idea so I asked to see the bigger version and his budget. He didn’t want so many investors though and so he figured he may as well ask me, as a long shot.
Then I shared our @realvibez plans and BOOM...it clicked.
Then I shared our @realvibez plans and BOOM...it clicked.
He need a certain amount of capital to pay the deposit on the lease for the building and so I took care of that so that he can begin construction within the next 30 days.
Stay tuned for before and after photos. We really intend to invest differently in the Caribbean. #Culture
Stay tuned for before and after photos. We really intend to invest differently in the Caribbean. #Culture
The best part was that we didn’t spend long on valuation because his numbers were solid and he was more focused on having the right financial partner, not hung up on a valuation.
Too many founders obsess over valuation instead of what the investor brings to the table.
Too many founders obsess over valuation instead of what the investor brings to the table.
He knew my parameters for any deal, the traits we look for in management and knew that I was interested in this industry.
He still thought it was a long-shot but asked anyway. Stop saying no for other people. Make that ask.
He still thought it was a long-shot but asked anyway. Stop saying no for other people. Make that ask.
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