Wed, 18 December 2019
In this episode, Hall welcomes Kerry Rupp, General Partner at True Wealth Ventures. True Wealth Ventures is an early-stage venture capital fund run by women. They invest in women-led companies with products and technologies in the sustainable consumer and consumer health sectors that more efficiently solve the next generation of challenges. They believe that because women make the vast majority of consumer and healthcare purchases, having them on the management team designing, marketing, and servicing products is extremely beneficial.
In this episode, you learn more about Kerry’s background before early-stage investing. Right out of college she went into coding which was short-lived but got her into the tech space. She then spent 20 years in the early-stage-technology space working at early-stage companies. In her career, she has worked with everything from product management, biz dev, marketing, strategy, apps, and sales. She partnered up with former business associates to run one of the first accelerators in the market and fell upon investing in startups. They did not set out to create a venture fund next to an accelerator but realized they knew a lot about which startups were good and needed funding. The right model for the accelerator was to create an investment vehicle. It sprung out of the accelerator and was the right thing to do at that time.
Direct download: Kerry_Rupp_of_True_Wealth_Ventures.mp3
Category: -- posted at: 3:44pm CDT
Tue, 17 December 2019
Every startup has one key metric to grow their business to the next level.
For consumer product companies selling through retail, the key metric is same-store sales.
You track ongoing sales by units per store each week or month.
This metric tracks your organic growth rate of the product and can range anywhere from 1 to 10% month over month.
If selling online the CAC: LTV ratio applies which is the cost of customer acquisition compared to the lifetime value. This is the same as recurring revenue companies.
Let’s go startup something today!
Direct download: Startup_Funding_Espresso_--_One_Key_Metric_--_CPG_Sales.mp3
Category:general -- posted at: 8:43pm CDT