Thu, 13 May 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
The cap table stands for capitalization table and tracks the equity ownership in a company.
It’s important to be able to read a cap table and understand what it says.
The key terms to know include the following:
It’s important to know these terms so you understand what the ownership stake means.
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Music courtesy of Bensound
Thu, 13 May 2021
In this episode, Hall welcomes George Ferris, Founder and Managing Member at Bilgola Capital LLC.
Bilgola Capital invests in small dynamic companies with fundamentally strong business models that are led by ambitious and professional management teams. Bilgola provides long-term patient capital and seeks to build companies with sustainable enterprise value.
Bilgola Capital invests in two types of companies:
Early-stage, hyper-growth technology companies generally burning cash with large addressable markets (typically SaaS companies); and
Growing companies generating EBITDA of between $1-4 million and enterprise values less than $20 million.
George has been running Bilgola Capital for almost a decade now and works closely with management teams to help them accelerate growth and build profitability.
Prior to founding Bilgola, George had a career in finance as a CFO of a large global energy company, in private equity, and in investment banking. He was the CFO of Louis Dreyfus Highbridge Energy (“LDHE”), a global company with over 500 employees, where he led the execution of several highly successful multi-billion dollar financing transactions and strategic M&A transactions.
George was also the Managing Director at Allied Capital in Washington, DC, where he was responsible for originating, executing, and managing a portfolio of investments in the business services, healthcare services, and consumer products sectors; he led approximately $650 million of investments in subordinated debt and equity securities and served on the boards of six companies.
Prior to that, George was an Investment banker with Merrill Lynch, Goldman Sachs, and Macquarie Bank (Australia), where he managed transactions for companies in a variety of industries including marketing services, advertising, information services, metals and mining with approximately $13 billion of M&A transactions and over $7 billion of debt and equity financing transactions.
George is currently an Adjunct Professor of Finance at the McDonough School of Business at Georgetown University. His academic background includes an MBA from the Wharton School of Business at the University of Pennsylvania and a Bachelor of Commerce (Finance) from the University of New South Wales (Australia).
George discusses his investment thesis, and some of the challenges his startups face. He also shares with Hall what he thinks are good opportunities to pursue.
Music courtesy of Bensound.