179: 8 Things Sam Marks Has Learned from Startup Investing
Invest Like a Boss
English - May 04, 2021 10:01 - 1 hour - 62.4 MB - ★★★★★ - 478 ratingsInvesting Business Technology finance invest investing investment millionaire money retirement stocks wealth wealthfront Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Sam goes over the top 8 things he has learned from investing in startups. Sam has invested in 9 startups in the last 8 years and has seen 3 exits and/or partial exits in the last six months. He'll go over the process of investing in a startup, what to look for and what to avoid as well.
Listen to ILAB 179 on iTunes here or subscribe on your favorite podcast app.
Where we are:
Johnny FD – Ukraine / IG @johnnyfdk Sam Marks – South Carolina/ IG @imsammarks Derek Spartz - Venice Beach / IG @DerekRadioSponsor:
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Time Stamps:
06:04 – What do you look for in a start-up? 08:52 – Is it more important to have the management in place than what the company actually is involved in? 12:23 – Is international diversification important in your selection? 13:39 – How do you determine how much you are willing to invest? 14:28 – Are the Start-ups similar to how “Shark-Tank” portrays? 19:06 – #1: Companies take a long time to build and exit 22:05 – #2: Start-ups require more money, that initial investment is not the last investment. 26:15 – #3: Expect big dilution 32:52 – #4: Founder issues are common protect yourself against it 38:48 – #5: Cap tables becomes big issues for mediocre companies 45:10 – #6: Raising money is not the goal, creating value is 47:56 – #7: Valuation isn't important necessarily, what's more important is your entry point and exit point. 53:55 – #8: Nothing is a sure thing until the money is in your bank account 59:09 – What advice would you give to a beginner getting into a start-up? 63:25 – About how long is expected for the second round of investment? 65:16 – What should you look for in an attorney to look over the investment paperwork? 66:41 – What other ways can you be valuable to the company?If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!
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