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Ep 371: What Is Venture Capital And How Does It Work With Jesse Randall, Sweater VC

Ep 371: What Is Venture Capital And How Does It Work With Jesse Randall, Sweater VC

FromSecrets To Scaling Your Ecommerce Brand


Ep 371: What Is Venture Capital And How Does It Work With Jesse Randall, Sweater VC

FromSecrets To Scaling Your Ecommerce Brand

ratings:
Length:
37 minutes
Released:
Sep 9, 2022
Format:
Podcast episode

Description

It’s pretty hard to be venture-qualified. It takes exceptional growth potential and the right company dynamics to earn the trust of venture capital investors.In this episode, Jordan West and Jesse Randall talk all about venture capital. They discuss what it means to be a venture-qualified company and how these types of investments usually work.Listen and learn in this episode!KEY TAKEAWAYS FROM THIS EPISODETo be venture-qualified is in the DNA of the business opportunity itself. If the opportunity, technology and team don't have the right dynamics to be able to grow to the level of this type of investment, then you are not going to raise money from venture capital.   An Angel Investor is a wealthy individual that qualifies as an accredited investor and with that qualification, they can invest directly into companies. A venture capital fund aggregates individual contributions from lots of accredited investors and much bigger institutions. They pull that money into a fund and it is professionally managed by people.  Investors look at two big categories: (1) The product and the market opportunity itself & (2) The founding team and the capabilities of that team.The difference between acquiring a company in a venture setting versus a traditional business setting comes down to the momentum and the size of opportunity you have.There's a natural skepticism for something that seems too easy, so if you're doing something that's going to change the status quo, you often are going to get told "no" a lot. Founders have the incentive to maximize the value of their company, but if you overvalue your company too much, the numbers don't work and you become not acquirable.If you're going to get acquired, the acquiring company usually wants to see substantial growth opportunities after that acquisition to make it worth it.Recommended App: Shield Analytics https://analytics.shieldapp.ai/ Recommended Book: The Comfort Crisishttps://play.google.com/store/books/details/The_Comfort_Crisis_Embrace_Discomfort_To_Reclaim_Y?id=28L3DwAAQBAJ&gl=US Today’s Guest:Jesse Randall is the Founder and CEO of Sweater.Sweater specializes in offering a venture capital fund that anyone can invest in.Connect and learn more about Jesse Randall and Sweater VC here: Website: https://www.sweaterventures.com/ App: https://apps.apple.com/us/app/sweater/id1572894118 (Currently only available in the US) LinkedIn: https://www.linkedin.com/in/deviantstrat/ This month's sponsor is Triple Whale.  Triple Whale's powerful analytics platform clarifies your ad performance across channels, keeping you instantly in the know. Hit https://www.triplewhale.com/upgrowth and use promo code Upgrowth for 15% off today.***PROMO CODE: UpgrowthWe love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here:upgrowthcommerce.com/growJoin our community and connect with other eCommerce brand owners and marketers!https://www.facebook.com/groups/secretstoscalingpodcast
Released:
Sep 9, 2022
Format:
Podcast episode

Titles in the series (100)

Are you an entrepreneur or ecommerce store owner looking to scale your business? Then join ecommerce marketing experts Jordan West and Sean Lang as they reveal what’s working in online marketing today to scale your business. Twice a week they walk you through what’s working in paid ads and talk to successful ecommerce business owners that have scaled their businesses to 7 figures and beyond. Learn from gurus in paid traffic on Facebook ads, YouTube ads, Google Adwords (now Google Ads), Google Shopping, Bing Ads, Bing Shopping Ads, retargeting, Instagram Ads, LinkedIn ads, Google Analytics, landing pages and more. We talk about how to write good ad copy, create banner ads that sell, which creative works for which ad platform and more. We talk about everything that is working right now (and not working) to help you scale your business so you know exactly what your next year of online sales is going to look like. Once you nail paid advertising it is like a faucet that you can turn on and off at will. Let’s show you how to build the paid traffic faucet!