Kenny Rose, founder of FranShares, provides an update two months after pitching on The Pitch regarding investor Mac Conwell's on-air investment commitment.
“You know, what happened was we have done a call
and he said, basically, you know, rounds too expensive.
We're not going to be able to get that ownership stake that we try and target.
So it's not going to be a fit.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Kenny Rose
Opinion
Rose: Franchise investing outperforms the stock market and hedges inflation
“Investing in franchises provides outsized returns compared to the stock market, while providing passive income, a hedge against inflation, and diversification from market volatility.”
Kenny RoseApr 24, 2024▶ 3:14$4M at Stake! Will This Franchise Business Opportunity Transform Alternative Asset Investing?
AssertionNot checkable as stated
Rose: FranShares had largest alt-investing launch with $18M in investments
“We launched last year and had the largest launch ever for an alternative investing platform with over eighteen million in investments, and we have 42,000 signups for our upcoming offerings.”
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Opinion
Rose: Employee turnover is the biggest problem in franchising
“You know, the biggest problem in franchising is employee turnover, and it makes sense because there's no upward mobility and there's no benefits.”
Kenny RoseApr 24, 2024▶ 4:09$4M at Stake! Will This Franchise Business Opportunity Transform Alternative Asset Investing?
Disclosure
Rose: FranShares raises preferred equity round at $19M post-money valuation
“It's a priced round with preferred equity at a nineteen million post-money valuation. And it's being led by Chicago Ventures.”
Kenny RoseApr 24, 2024▶ 10:17$4M at Stake! Will This Franchise Business Opportunity Transform Alternative Asset Investing?
Insight
Rose: The franchise industry will not welcome founders from outside
“Because frankly, if they're not, franchise industry won't welcome them.”
Kenny RoseApr 24, 2024▶ 18:26$4M at Stake! Will This Franchise Business Opportunity Transform Alternative Asset Investing?
AssertionContradicted
Rose: FranShares is the first fractional investment marketplace for franchises
“Franchairs is the first investment marketplace where people can invest in franchises.”
Kenny RoseApr 24, 2024▶ 3:09$4M at Stake! Will This Franchise Business Opportunity Transform Alternative Asset Investing?
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