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- Social Leverage Letter | Issue #36
Social Leverage Letter | Issue #36
Feel the Burn, Franchise Funding, and Just Keep Buying
The Social Leverage Letter is a weekly newsletter for early-stage seed startups and investors. Receive it directly in your inbox every Sunday. Subscribe now.
"Innovation has never come through bureaucracy and hierarchy. It's always come from individuals."
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.
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.
Digital supply chains: the latest target for cyber attacks
AI Poisoning Is the Next Big Risk in Cybersecurity
Back to the Basics: The Story Customers Tell Themselves
Google’s cloud group forms Web3 team to capitalize on booming popularity of crypto
100-year-old man breaks Guinness World Record for working at the same company for 84 years
This 'rater' gets paid $10 an hour to teach Google's algorithm — and he's not alone
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.