Back in 2019 I posted What is Money?, and it included a link to Perry Merhling’s course on Coursera. I had originally found his lectures on YouTube, which were at some point taken down. Today I found them, edited into two 6-hour pieces:
I found these from today’s’ post on substack, The Hierarchy of Money. If you like my writing, subscribe to that feed.
If I had to boil down my lessons for entrepreneurs on how to deal with investors, it boils down to “put your self in their shoes.” What does the investor want from you in order to decide to invest? What does the investors want from you after making the investment? For debt investments, the lender gave you money. That loan came with money and a schedule for repayments. What does the lender want...
There are lessons to be learned about entrepreneurship in unlikely places, including on the baseball field. Or at least in books about how to put together a winning baseball team, like Michael Lewis’ Moneyball. The lesson is simple, your KPIs matter. The What if? asked in Moneyball was “What is the goal of a baseball team, and how can a team best achieve that goal?” The agreed upon goal is to win...
You have a decision to make. If you have seconds to decide, you go with your gut. If you have minutes, you might take that minute to weigh Plan A with Plan B. If you have weeks you might create a pro-con list to help decide between those two – or even three – options. If you have months, you might take the time to brainstorm for some out-of-the-box options. What most people overlook is that there...
