Painting Shoes and Private Debt
My grandson asked me whether he should “give” some money for six months to some other 8th graders who had started a shoe painting business. No, I didn’t make that up. It reminded me of conversations we have every day with investors about loans to private companies. ...
One Person Can’t Do It All
History is replete with famous, even eccentric, successful entrepreneurs. But the great ones also had the capacity to motivate others to do their best, to make great personal sacrifices for the company and to stay the course during tough times (e.g., Steve Jobs). ...
Venture investing succeeds when the entrepreneur knows its customer
Psychology plays a massive role in a customer’s purchasing behavior, and consumer products companies take advantage of this. Obviously, this is not news, but any company in which you invest must have a clearunderstanding of what motivates potential customers to buy...
