Assertion certainty 4/5 debate potential 1/5

Lackland: Lighter Capital is funding 10 to 12 companies monthly

BJ Lackland · 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get. · May 13, 2017 · at 9:12

BJ Lackland, CEO of Lighter Capital, discusses the scale and volume of investments deployed by the revenue-based financing firm.

0:00 / 0:03exact quote · 3.2s
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“We're funding, eh, 10 to 12 companies a month right now.”

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More from BJ Lackland

Assertion Not checkable as stated
Lackland: Lighter Capital achieves 96% accuracy predicting portfolio revenue
“We have a group of nine software developers, data scientists that have gotten really good overall throughout our portfolio. We're about 96% accuracy on average for predicting revenue.”
BJ Lackland May 13, 2017 ▶ 9:41 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get.
Insight
Lackland: VC returns rely on a '2-6-2 rule' of 10x winners
“So out of 10 investments, you needed two, you know, home runs or like two, 10 axes. Basically you needed six to kind of get your money back, you know, kind of math kind of things. And you knew that you were going to have at least two that were just complete wa…”
BJ Lackland May 13, 2017 ▶ 14:34 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get.
Disclosure
Lackland: Lighter Capital focuses on hitting singles rather than home runs
“Instead of being a home run winner, which we can't be we can't be home run hitter and we should never strike out. And so we're like the masters of a single basically. Like we're really good at getting like on base and not much further.”
BJ Lackland May 13, 2017 ▶ 15:04 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get.
Insight
Lackland: Alternative Financing Borrowers Fall Into 'VC Later' or 'VC Never'
“They kind of break down our customer set into two different persona types. They're the types that are like VC later. They just kind of want to put off raising equity. And they're the types that are VC never. They're just like, they just want to run the busines…”
BJ Lackland May 13, 2017 ▶ 16:46 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get.
Assertion Not checkable as stated
Lackland: Founders Spend 8 to 10 Hours Securing Lighter Capital Check
“We think entrepreneurs spend about eight to 10 hours with us before we write them a check, as opposed to, say, chasing down a bunch of angels or VCs.”
BJ Lackland May 13, 2017 ▶ 3:21 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get.
Disclosure
Lighter Capital Funds $250K on Average and Up to $2M Total
“Basically, on average, we provide companies about 250 K per funding. We'll go up to two million per company total.”
BJ Lackland May 13, 2017 ▶ 3:56 658: Startups, $120 Million Up For Grabs! As Close to "Free Money" as You Can Get.
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