“…GBH Insights’ Daniel Ives predicts Atlanta to be one of the five cities out of the new list of 20 candidates to be in the running for Amazon’s second headquarters project, said CNBC. 'We believe the top 5 likely cities for Amazon’s second headquarters/HQ2 in order will be:
3. Washington D.C.,
4. Boston, and
5. Austin (only non-East Coast city in our Top 5)'...."
Will Pittsburgh be named the second headquarters of Amazon? Well, some experts didn’t even include it in a Top 5 short list:
A bubble exists when asset prices rise beyond what incomes and cash flows can sustain.
As such, these two charts below about India’s consumer internet bubble, circa 2015, reflect our perspective that valuations of many asset classes are overvalued based on fundamentals. By the way, we were introduced to the source data by a Linkedin post by Anshuman Verma, founder and managing director of M1L based in Mumbai, India.
Here’s our facetious takeaway of the two charts:
No. Dollar Shave Club’s Exit was F***ing Great.
It’s essentially the template for small, disruptive consumer products companies. It’s also pretty impressive from a growth and valuation perspective:
I've talked previously about Gearin’ Up Bicycles, an early-stage nonprofit in which I’m a board member. It’s a phenomenal organization that combines a passion for bicycling and sustainable transportation with a desire to help those in need at the grassroots level: in this case, underserved and at-risk youth in Washington D.C. (scalable to other cities).
Gearin’ Up is gaining traction and support by generous individuals and organizations including Silicon Valley stalwart Salesforce.com via its philanthropic arm, Salesforce Foundation, and nonprofits such as Bikes for the World.
As a GenXer, I’ve been inspired and motivated by the founders: Millennials, social entrepreneurs, and athletes (bicycling, running, swimming) including our energetic leader (yes, she bicycled across the country) and chief bicycling officer (aka executive director/CEO), Katie Lupo.
So, if our mission resonates with you or your organization, then please message me, Katie, or Gearin' Up Bicycles (info@GearinUpBicycles.org) directly to discuss how you can get involved (volunteer/outreach, board/committee member, donor). You can also follow Gearin' Up on Facebook.
And, if our mission about advocating a healthy sustainable lifestyle via bicycling and helping underserved and at-risk youth doesn't align with your values – then contact us anyway and we can provide guidance on how you, too, can make a difference as a social entrepreneur (spoiler alert, to quote Nike: Just Do It! ).
Adding a talented full-time CFO to manage a small or medium-sized company’s high-finances such as acquisitions, banking/investor relationships, strategic financial analysis/planning, and financial policy (including oversight of a controller/bookkeeper) is not cheap.
Now, let’s be clear: the important duties of a bookkeeper, accounting manager, and controller are not necessarily interchangeable with the duties of a CFO, as Janine Popick, CEO and co-founder of VerticalResponse can attest. The latter is where big picture strategic insights and analysis, competitive advantages, and proper policies are best formulated. It is where a finance guru seems to "think different," to reference Steve Jobs' statement.
Likewise, a quality CFO or Investment Banking Kiosk should be able to understand business models and value drivers, distill and communicate these concepts, and devise and oversee implementation of improvements (including financial/accounting policy and scalable systems). One alternative objective measurement to assess the latent talent of a potential CFO (or CEO for that matter) is to determine whether that individual is a good investor (this prowess is a direct relation to one’s ability to refine business models, assess competitors, and implement winning strategies/tactics), which is one of the rarest talents in the marketplace (less than 1% of professional investors can perform better than a common index over a 10 year period).
Nevertheless, how do some savvy Silicon Valley emerging growth companies leverage this talent affordably? Answer: Investment Banking Kiosks and Remote Contract CFOs.
Accordingly, here are the Top 4 Questions for owners/operators, boards of directors, and CEOs to ask to decide whether their organization can create value by using a Remote Contract CFO or Investment Banking Kiosk (Coventry League provides both, incidentally):
All this said, Coventry League would gladly provide counsel regarding the use of contract CFOs, investment banks, investment banking kiosks, and other business related initiatives. Of course, we can provide referrals or guidance to other firms and talent–since we may not necessarily be the best fit for each and every potential client.
So, please use the contact form or our direct email addresses (firstname.lastname@example.org) to request more information, receive a quote, and retain our services.
And, as always, Compete Like a Champion.
Blogentaries are part original content and part commentary by Coventry League about sustainable business, structured finance, and M&A. Actionable ideas are often presented indirectly and subtly, like a puzzle!
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