So investment banking is much changed since I was last here. Firstly, Compliance has all the nice offices. My corner office on 57th floor, 270 Park Ave (aged 27) is a long time ago...
Imagine you are only growing 40% a year at $10m ARR
That's not great
But if you just go heads down, and keep it up:
2020: $10m
2021: $14m
2022: $20m
2023: $28m
2024: $38m
2025: $53m
2026: $75m
2027: $105m
2028: $148m
2029: $206m
2030: $290m
Today's acquisition of @Pod_Point shows EDF's commitment to investing in #electricvehicles. Read more here: bit.ly/2UP5BgP Generation electric - everyone's welcome.
*Announcement* EDF has acquired a majority stake in Pod Point, as part of a newly-formed joint venture with L&G Capital.⚡
Full details over on the blog: bit.ly/38qV6En
Great piece by @robinklein at @localglobevc with advice to founders about the importance of cashflow:
"Having invested in more than 200 startups in the last 20 years, I can talk about why companies fail. Businesses fail because they run out of cash."
sifted.eu/articles/cashflow-…
Crazy stat! “In 1990 a generation of baby-boomers, with a median age of 35, owned a third of America’s real estate by value. In 2019 a similarly sized cohort of millennials, aged 31, owned just 4%” economist.com/leaders/2020/0…
Thrilled to partner with the 🧠 @Iggybassy, Ben Calderhead and the @CervestEarth team. Their Earth Science AI platform forecasts how climatic events impact businesses, in real time, globally- years in advance.
I'll be joining the board with George Coelho
bit.ly/2WHNxnK
I went to school with Kevin Shields. We used to walk home together and he would tell me that he was going to be a rockstar when he grew up. Never, ever laugh when someone tells you that. Someone is going to be.