Harrison and Sonny demystify the who, what, and how of raising venture capital. They discuss what it's like to raise seed and priced rounds, how valuations work, and other key terms like discounts, caps, pre-money vs post-money and more. They also dig into the YC SAFE vs traditional convertible notes. Harrison gives his perspective on what's changed in the past year on raising early stage money. Sonny plays devil's advocate with the worst of VC.
Harrison Johnson and Sonny Byrd - friendly savages, manifest cowboys, startup junkies - discuss the Best and Worst of business, startups, and life.
Catching up after a week off. Took a long weekend trip to New York and reset everything. Have come back fully energized with lots of big plans for the new year.
The deal from last week hit an interesting snag around financing. I learned a lot more about financing with the SBA this week and how to set up acquisition deals like that, and I share it here. Also a quick update on RockReturns and Grey as well as Twitter.
Deeper explanation of a business I am currently attempting to acquire, as well as a developing framework for determining whether or not I’m the right acquirer. Brief updates about e-commerce business, and peak season coming for RockReturns.
Updates on new business initiatives, inbound acquisition offers, existing business and new deals, and some personal news.
This week is organized in six buckets: acquisition updates, new business initiatives, real estate, podcasting, Twitter, and online courses.
Updates on the Leverage Pod, exit ticket, writing and content, Twitter wins, my next acquisition, the NFT rabbit hole, and fixing my broken sleep habits.
Updates on fun, family, Grey, closing on 620 Rutherford St, Cryptoadz, Kanazawa Knives, Carolina Renaissance Fair(e).
Twitter, writing, audience building, Cyptoadz, transitioning entrepreneurs, RockReturns deals, Prod Pod update.
Updates on personal development, notetaking, improving my energy levels, RockReturns closing a big deal, a new e-commerce acquisition in the works, the prod pod, nutrition, fitness.
Enjoying a weekend in Brevard and reflecting on: Starting the Prod Pod. Micro-commitments. Building an audience with visualize value and other courses. NFTs and crypto. Grey site redesign.