Investor Connect Podcast

In this episode, Hall welcomes Christopher Ladd, Partner at NewRoad Capital Partners. 

NewRoad Capital Partners, LLC, headquartered in Northwest Arkansas, is an SEC-registered investment firm investing in growth equity and growth buyout opportunities in select U.S. supply chain & logistics and retail & consumer packaged goods sectors in the lower middle market.

As experienced entrepreneurs and operators themselves, the NewRoad team prides itself on the high level of collaboration they bring to each of their investments. They have learned the journey is most fruitful when partnered with like-minded people that share an obsession to improve their business. NewRoad Capital Partners love to bring together people fueled by an entrepreneurial spirit, innovative thinking, and a drive for success.

Chris is a partner at NewRoad Capital Partners, LLC, where he is responsible for all aspects of the investment process and post-investment operations of portfolio companies for the firm’s venture capital fund (New Road Ventures) and its growth equity fund in partnership with Los-Angeles-based Kayne Anderson (Kayne NewRoad Ventures Fund II). Prior to joining NewRoad Capital Partners, he was part of Walmart’s Corporate Development and Strategy teams, focusing on e-commerce acquisitions and strategic initiatives and the CFO/CIO of a Walmart-led investment fund. Before Walmart, he was an Associate at TPG Capital focusing on post-acquisition operations of its portfolio companies and an Associate at KSL Capital on the buyside.

Chris holds a B.A. in Economics from Cornell University and an M.B.A. from the University of Texas at Austin’s McCombs School of Business.

Chris shares what excites him now in the industry. He also advises entrepreneurs and investors and discusses his investment thesis.

You can visit NewRoad Capital Partners at www.newroadcp.com, and via LinkedIn at www.linkedin.com/company/newroad-ventures/.    

Chris can be contacted via email at cladd@newroadcp.com, and via LinkedIn at www.linkedin.com/in/christopher-ladd-6950a414/

Music courtesy of Bensound

Direct download: Christopher_Ladd_of_NewRoad_Capital_Partners.mp3
Category:general -- posted at: 7:30am CST

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Many startups use SAFE notes and Convertible Notes for their early-stage investments.

So what’s the difference?

A convertible note is a debt instrument that converts into equity later upon an event such as raising an equity round or reaching a maturity date.

A SAFE is a Simple Agreement for Future Equity which is a warrant to purchase stock in a future priced round.

The SAFE can convert when you raise any amount of equity investment and does not give the entrepreneur control of when to convert.

Convertible notes are considered to be legal debt, while SAFEs are warrants.

Neither a SAFE nor a Convertible Note set the valuation, but rather takes the valuation from the equity round.

Convertible Notes include an interest rate while SAFE’s do not. 

Most convertible notes have a maturity date while SAFEs do not. 

Convertible notes contain a discount rate which provides additional shares to the investor for investing early. SAFEs have no discount rate.

SAFEs are often considered the simpler option compared to a convertible note, but as you can see the convertible note provides more options.


Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
___________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/ 

For Feedback please contact info@tencapital.group  

Music courtesy of Bensound.

Direct download: Startup_Funding_Espresso_--_Safe_Notes_vs_Convertible_Debt.mp3
Category:general -- posted at: 6:00am CST

1