Kirk Falconer
When you are an entrepreneur trying to build a product at a startup, you are in a pretty risky place. Usually you are not generating cash flow, you don’t yet know exactly which features are going to be required by the marketplace and you aren’t yet sure how you are going to market/sell the product […]
There’s a great line in the movie Wall Street when Gordon Gecko first meets Bud Fox. Gecko says to Fox: “This is the kid, calls me 59 days in a row, wants to be a player. There might be a picture of you in the dictionary under “persistence” kid. So tell me ‘Why should I be listening to YOU?’”
Fundless equity sponsors are the ultimate gamblers in the private equity universe. Sourcing and vetting deals without any committed capital, lining up financial sponsors on a deal-by-deal basis, and paying out of pocket for office space and due diligence, they roll the dice with each transaction. “We have to make it work. Fundless sponsors live […]