Social Leverage Letter | Issue #36

Feel the Burn, Franchise Funding, and Just Keep Buying

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"Innovation has never come through bureaucracy and hierarchy. It's always come from individuals."

~ John Sculley

UPFRONT

Happy Mother's Day! We salute you and appreciate and adore you. The impact you have doesn’t go unnoticed and you all deserve a medal.

READING

Craft Ventures

In the current economic environment capital efficiency is playing a bigger role in startup evaluation. The bottom line is startups whose burn is high relative to growth are going to find it harder to raise funds. With tough decisions on extending your runway, the Burn Multiple is a good rule of thumb to balance growth and performance.

From our blog

This week’s founder in focus is Denise Thomas, CEO and co-founder of ApplePie Capital. ApplePie Capital (Fund II) is a marketplace lender that enables franchisees to get new and more efficient sources of capital for their business.

LISTENING:

Infinite Loops

This episode with author Nick Maggiulli is a must listen. Nick and Jim discuss the save-invest continuum, ideal asset allocation, and provide an in-depth comparison of the market in 2021 v. 2022. Nick blogs at Of Dollars and Data, and recently published Just Keep Buying, Proven Ways to Save Money and Build Your Wealth. His empirical research-based approach can help any style investor.

Panic with Friends

Howard goes one-on-one with former NBA Player Omri Casspi and dives into the ‘athlete as tech investor model. It’s often a winning combination that can provide access to some of the best deals. The parallels between professional sports and venture capital investing boil down to culture – i.e. how hard do they really want to win, and how much work are they willing to put in to be successful.

Former NBA Player Omri Casspi on Moving from the Locker Room to the Boardroom (EP.200)

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify. Today’s guest is former NBA player Omri Casspi. Notably, he’s the first Israeli drafted to play in the NBA, he’s the managing director of the Omri Casspi Foundation, he’s got a VC fund, he’s even got his own podcast. Omri is now part of this crossover group of athletes in the right place at the right time. Less than a year after retiring, he co-founded his fund Sheva (seven in Hebrew) with David Citron. Their $50 million fund is focused on pre-seed and seed stage high-tech startups. I had a chance to spend time one on one with Omri in Tel Aviv and am suitably impressed. (Full disclosure: I’m an investor in his fund.) And now he’s back for an in-depth discussion on moving from professional sports to investing. Enjoy. Guest - Omri Casspi, Tech Investor, Partner at Sheva, Managing Director at the Omri Casspi Foundation howardlindzon.com Twitter: @howardlindzon, @Casspi18, @PanicwFriends, @knutjensen linkedin.com/in/omri-casspi-3a575173 facebook.com/Omri #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: (00:39) – Intro (05:20) – Welcome Omri (06:45) – The NBA draft (12:58) – Moving back to Israel (14:11) – Playing in the NBA (14:47) – Similarities between sports teams and founders (18:18) – Bringing value (19:59) – Back to hoops (26:47) – Web3 infrastructure play (29:57) – Getting an investing edge (31:17) – Helping founders succeed (34:24) – Hosting a podcast (36:02) – Screening investments (38:11) – Israeli politics (41:05) – The wallet is the thing (43:29) – Wrapping up (44:31) – Closing thoughts

WATCHING

This short video will show you how to quickly make step-by-step guides, SOPs, or ebooks using the free Google Chrome extension Tango. In addition, it shows you how to convert your document into a PDF and jazz it up in Canva.

WHAT WE'RE READING

Here's what caught our eye over the past week.

JOB BOARD

Explore openings at our portfolio companies:

Featured Jobs:

Check out all of our portfolio companies at Social Leverage.

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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.