Behind the Beard | June 16th, 2021

Something I'm Reading:

I’m currently reading “Multipliers” by Liz Wiseman. It talks through how great leaders inspire those around them to be smarter and better! If you’re a leader (which everyone is), this is a good read.

Something I've Learned:

MonkeyPod (a restaurant here in Maui) is known to have the best Mai Tais on island. But I recently tried one at Maui Brewing Company and learned it’s just as good as the one at MonkeyPod. If you ever visit Maui, try em both and let me know what you think!

Something I've Purchased:

I ordered a basic label maker from Amazon (linked here). Why you ask? See the pic and caption below 😆

Something I Photographed:

Each week I share a photo I snapped in the previous week. Sometimes serious. Sometimes random and funny. Maybe a selfie once in a while. Just because.

Because I decided my least favorite thing in life is putting away laundry. So I decided to organize my dresser with labels so I could eventually pay someone else to put away my laundry lol!

Something I'm Excited About:

Open Door Capital has been on fire recently. Fund 4 is over 80% full! We’re on track to close it out with over $20M raised by Friday (June 18th)!

Something I Can Answer

Each week, I'll be answering one question from someone on my BehindTheBeard Text List! Want your question answered? Submit it by simply replying to this text!

Question:  “How do you evaluate potential partners? And when presenting a partnership, do you offer multiple ways to partner or stick to one structure for each potential partner?” - Derek

When evaluating a partnership, I look at a few different things:

A.) Do they fit culturally? Could I hang out with them at a bar and talk until 2am?  B.) Do they have experience in what I need? Everyone can talk a good game. Can they prove that they’ve walked it?  C.) Do they have something I’m missing which they are bringing to the partnership? If not, you probably don’t really need to partner with them. D.) I always start out small to see how we like working together. One deal or even smaller than that! See how it goes. Then a second deal. Then a third.  No big commitments up front.  You’ve gotta date before getting married.

For structuring the deal, different partners have different goals. Do they want equity? Or is cash flow more important? Are they in it for the short term or the long term? Each of these factors (and more) affect how a deal will be structured. It’s important to communicate with your partner and understand their goals so you can find an ideal structure for both of you.

Your Friend,

@BeardyBrandon

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