@boardyai sourcing non-control equity and junior debt for founder-owned small businesses that want flexible capital without giving up control. would love in on Boardy Pro
@HayekAndKeynes More concerning than new originations is the long tail of the impact of rising rates for the billions of floating rate paper originated over the last few years at 4-7x EBITDA multiples... Many cases of 50% LTV loans for buyouts done at 15x+ EBITDA multiples...
@housleyd Even in the most analytical jobs, sales is so important. PE - need sales to get capital and get a seller to pick you. High tech - need sales for fundraising or navigating the corporate hierarchy. Couldn’t think of a better experience - way more valuable than a finance internship
I’ve been reading @politico morning money since I started my career as a financial journalist 11 years ago. Today I got to write the top. https://t.co/Txn1MVV4EQ
Politicians are starting to embrace NFTs as campaign swag. All the people you’d expect are saying it’s the future of fundraising and online community building. Is it? https://t.co/91hKhqT1l6
Today, we learned that, in November, retail inventories rose more than 2%, the fastest pace since the 90’s, while imports jumped 4.7% and exports dropped 2%. Moreover, real consumption (including services) was flat and the saving rate dropped to 6.9%, below pre COVID levels.