By: Chris Wedding, PhD | Iron Oak Energy Capital “You miss 100% of the shots you don’t take.” Depending on whether you are from the South or the North, you’ll think that quote was attributed to Michael Jordan or Wayne Gretzky. With two degrees and a professorship at UNC Chapel Hill, I’m definitely going with MJ. Regardless, this pithy wisdom applies to our topic at hand — Innovators that...
Vital – Absolutely necessary, essential Capital – Money used for a particular purpose After 25 years supporting financially under-served small to medium-sized American businesses through discrete private financings, we’ve honed the summary description of our businesses to: Meaningful Investments – Vital Capital Last month I addressed what Carofin means by Meaningful Investments. Here I’d like...
By Chris Wedding In his latest article, Dr. Wedding, one of Carofin's investment bankers, speaks to a principle that I have espoused throughout my career. Diversity in the workplace (and our country) is not only the right thing to do... it's the most intelligent way to run any business. As you'll see below, the world's leading consulting firms are of the same mind. - Bruce Roberts - CEO,...
by Chris Wedding If you only considered headlines like the ones below, you would think that COVID has obliterated the solar, wind, and related clean energy industries. Covid-19 Lockdown Could Kill 500k Cleantech Jobs (Forbes) Wind Energy Group Says $43 Billion at Risk from COVID-19 (Power) Tesla to Reduce On-Site Staff at Nevada Gigafactory by 75% (TechCrunch) Electric Vehicle Sales Set to...
In 72 hours, the first round of the Paycheck Protection Program exceeded the $350B capacity. In contrast, $120 Billion in loan capacity is still available after a month into Round 2. Congress interpreted this to mean that the loan forgiveness terms were too strict and passed legislation last night to add flexibility. Here we relay important changes in loan terms, tips on navigating forgiveness,...
By adopting a basic set of nature-informed rules as common practice, business owners can thrive to an even greater degree within the existing economic paradigm. While dyscalculia (in laymen’s terms, difficulty with math) often gets between me and the correct number, I have immense respect and appreciation for the concreteness of accounting—truly, even more so because of my own ineptitude....
While I now live in North Carolina, I’m originally from Kentucky where our state motto is “United we stand, divided we fall.” An essential attitude for these times … When I hear doubts about the U.S. and its ability to get through this crisis, I’m not buying it. We still, collectively, have enormous financial reserves and other resources. This isn’t the 1930’s, when we were a relatively poor...
At this point, we’re probably each wondering what the world will look like when this crisis ends and whether we’ll get back to the “good ole days” of last month. I hope not. I hope not because, before COVID-19, the U.S. already had other major crises – we were just kicking those cans down the road. So, now is a good time to ponder our future as each of us sit in our “Shelter-in-Place." We...
In the interest of accessibility, here are some terms that any investor should be familiary with.
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