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Lance Mysyrowicz, the founder of Boost&Co. Lance is an investment fund manager who specialises in European startups. He currently manages over $150 million in assets. Listen in to hear about Lance\u2019s latest investment, the details of early investment in tech startups, and what interest rates you could expect for your startup.

Famous 5
Favorite Book? \u2013 Behind the Cloud
What CEO do you follow? \u2014 Elon Musk
What is your favorite online tool? \u2014 Evernote
Do you get 8 hours of sleep?\u2014 No
If you could let your 20 year old self know one thing, what would it be? \u2014I wish I knew what makes me happy today - spending time with people I love, and the things I love doing

Time Stamped Show Notes:
01:08 \u2013 Nathan\u2019s introduction
01:36 \u2013 Welcoming Lance to the show
01:50 \u2013 Boost&Co lends money to companies earlier in the process than banks
02:20 \u2013 They sit in between VC and banking as an investor
02:55 \u2013 Have loaned $120 million to over 100 business
03:43 \u2013 Last company was a SaaS firm called Idio that lets people track what\u2019s being read on a web page
04:50 \u2013 Have invested around $1.75 million in Idio
05:00 \u2013 Make money in three different ways: a 1-2% fee; an 8-12% interest rate on outstanding capital; and a warrant - a right to buy shares at a specific price
05:50 \u2013 The warrant includes a negotiated strike price
07:05 \u2013 What happens on a $1 million deal?
08:00 \u2013 A management fee comes from the investment fund - it\u2019s 2% of the assets they manage
09:12 \u2013 Why charge a fee?
10:31 \u2013 Interest rates are determined by the revenue and size of a company
11:25 \u2013 Interest is paid every month and a small amount of capital is repaid
13:15 \u2013 \u201cI would always prefer to do a smaller deal and have a smaller risk exposure\u201d
13:48 \u2013 Is this the same as mezzanine finance?
14:06 \u2013 Connect with Lance on Linkedin
16:10 \u2013 Famous Five

3 Key Points:
There are multiple pathways to getting a loan as a startup - through VCs, banks, or a halfway step like Boost&Co
Expect to pay a fee, interest, and to offer a warrant to buy shares
As an investment fund manager, Lance tries to limit his exposure to risk as much as possible.
Resources Mentioned:
Host Gator \u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Show Notes provided by Mallard Creatives

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