Total pages in book: 104
Estimated words: 101488 (not accurate)
Estimated Reading Time in minutes: 507(@200wpm)___ 406(@250wpm)___ 338(@300wpm)
Estimated words: 101488 (not accurate)
Estimated Reading Time in minutes: 507(@200wpm)___ 406(@250wpm)___ 338(@300wpm)
“Thank you for lunch, again, Olivia.”
“Anytime. It was fun.”
“And I’ll get back to you as soon as possible on the private-equity investment possibility. Just out of curiosity, if I decided to try that route, what would be the first step?”
“You’d meet with the VC investment team and tell them about your business, do a little dog-and-pony show here at the office, and answer whatever questions they might have.”
I nodded. “Okay. Thank you.”
Olivia walked me back out to the reception area, and we hugged goodbye. “Let me know what you decide, and I can probably get you on the calendar for next week. I think Hudson is going out of town, but not until Thursday.”
“Hudson?”
“Yeah. He’s the head of the VC investment team. Didn’t I mention that?”
No, you definitely did not.
***
“I asked around and heard nothing but stellar things about Rothschild Investments,” Fisher reported.
I poured a glass of wine and sat down at the kitchen table across from him. He’d come straight over after work, so he still had on a suit and looked all dapper.
Two days had passed since I met with Olivia, and I still hadn’t come to a decision on the possibility of selling part of my business to an investment group. The law firm Fisher worked at had a corporate division that did a lot of work with IPOs and financing, even though Fisher worked in entertainment law. So after he educated me on the realities of working with a venture capitalist, he put out feelers to get some references for Olivia’s family’s company.
“Prince Charming has a reputation for being tough,” he said.
I sipped my wine. “Well, I guess there’s a reason Evelyn used to call him GQ Prick.”
“But he also has a pretty damn impressive track record of success for the businesses they take on. It’s something you may want to seriously consider.”
I sighed. “I don’t know.”
“What’s holding you back?”
“Selling a piece of my business before it even gets off the ground.”
Fisher nodded. “I get it. I really do. But realistically, what’s your alternative? It will take you years of going back to work full-time to save the type of money you need to launch the way you’d planned. And you said yourself that a lot of the inventory you have won’t make it that long.”
“I could save for a little while and launch at a much smaller scale.”
“But then you’d be working full-time while trying to make a go of a business that needs your full attention.”
My shoulders slumped. “I know.”
“You were going to borrow from the bank, so technically they would’ve owned your ass until you paid them back anyway. I spoke to the partner in charge of the business division at my firm. He said venture capitalists don’t want to own the businesses they invest in forever. They’re in it to make a nice return and get out—on to the next one. They need to liquidate or they’d wind up just owning a bunch of companies and no longer have capital ready for the next big thing that comes along. The average venture capitalist has an exit plan to be out within seven to eight years. And you can negotiate a first right of refusal, so when the time comes for them to sell, you get first crack at buying their ownership back.”
“Really?”
Fisher nodded. “A bank loan would take you that long or longer to pay off anyway.”
He had a good point. The reasons to not go this route were quickly shrinking. Though I still couldn’t imagine that the man who had called me out for crashing his sister’s wedding, only to ask me out and not call, had any desire to go into business with me.
I sipped my wine and juggled my thoughts. Basically a venture capitalist was my only choice left. Of course, I’d found out there were thousands of them when I’d done some research on my own. I could give a shot to working with another firm. I was certain Rothschild Investments wasn’t the only game in town with good references. But on the other hand, they had Olivia, who seemed almost as excited and passionate about my business as I did. That was a huge plus. Then there was Hudson. At this point, he went into the minus column. However, what was that old saying? Better the devil you know than the devil you don’t—or something along those lines.
I took a deep breath and looked across the table at Fisher.
“What would you do?”
My cell phone sat in the middle of the table. He reached out and slid it over in front of me. “I’d make a call before your new friend changes her mind.”
CHAPTER 8
Hudson
“What the hell, Olivia?”
“Calm down. Calm down. This is why I didn’t tell you until now. You overreact to things.”
I tossed the file I’d been working on to the side of my desk. “I’m overreacting? A woman opens someone else’s mail and crashes your wedding—a wedding that cost me a small fortune, I might add—and you want us to go into business with the loose cannon? I think it’s more like you have a couple of screws loose than I’m blowing things out of proportion.”