Take Five #030: The most straightforward way for anyone to become a millionaire, and more
Codely v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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Before we jump into our Take Five: we’ll be at the Booth-Kellogg ETA Conference tomorrow (October 25th)!
If you’ll be there, swing by our table and say hello 👋
We closed on a deal last year so we know how frustrating and grueling the process can be, which is why we built Kumo: a deal aggregator that combines deals from thousands of brokers/marketplaces into one platform (currently we have more than 120,000+ deals.)
With Kumo you can:
- Browse 100,000+ deals from hundreds of brokers and every major marketplace, with 700+ unique deals added daily.
- Save time and stop reviewing duplicate deals. Kumo matches identical deals across hundreds of sources so you can view unique business opportunities, even if they’re slightly different across different websites.
- Get a daily or weekly summary of deals that match your search criteria
Take Five #030: The most straightforward way for anyone to become a millionaire, and more
1. The most straightforward way for anyone to become a millionaire with a Personal Holding Company
2. 150 episodes of Acquisitions Anonymous 🎉 and lessons learned
3. What to expect when raising for a search fund
David LaMore is back again with a super practical, detailed dive into his specific process for raising for a search fund. Here’s an excerpt of his PPM (private placement memorandum) template that he sent out to investors:
For more practical guidance on the matter, here’s a version of the initial email I sent to investors:
Hi [first name],
I hope this email finds you well. I am excited to share my PPM with you and the rest of the [investor name] team. Please see attached for a final copy.
Here are a few highlights on my search:
The search fund name is White Cedar Company
Raising $XXX,XXX for 24-month search; # units of $XX,XXX
Looking for ~#-# different investor groups in total
Industry-agnostic search; however, the initial industries of interest are [insert industries here]
The full launch date is [month year]; [short sentence on how I planned to utilize my time before my launch date]
Would you please take a look and let me know when you'd like to connect to discuss further?
I look forward to hearing back. Let me know if you have any questions.
Best,
David
My common response after the initial email was that the investor would take a look and follow up in the next few days to schedule a call. From there, the process kicked off!
Process for fundraising by David LaMore
4. How to REALLY interpret a balance sheet
5. “At the end of the day, PROFITS are an opinion. CASH is a fact.”
A 20-tweet masterclass on PROFIT vs. CASH in your SMB by @10kdiver:
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