living with entrepreneurs
TRANSCRIPT
Living with entrepreneurs
My journey so far
A few words about Index
+ 150 other investments
What do I do at Index?
What should YOU do?
My 2 cents…
1. BE AN ENTREPRENEUR
2. DO IT YOUR WAY
Entrepreneurship is the new black
It has never been easier and cheaper to launch and run a business (online AND offline)
BUILD SELL RUN FUND
But barriers to entry are alsolower
So you need to be smarter
And do things your own way
Meet my friend Anne (aka “Bouchon”)
1 year ago Today
Her desk (under the chair)
Can she survive???Let’s do the maths
• Started in June 2012• Initial capital: €15,000• Initial investment: €10,000
She’ll soon be able to pay herself!
€ July August September October
Revenues 500 0 (holiday) 1000 2000
COGS (100) 0 (200) (400)
G&A (300) (100) (300) (300)
Net profit 100 (100) 500 1300
Meet another friend
She started with vintage too
When I first talked to her 2 years ago
they were making$6m in revenues
This year, they’ll be making
$120m
Selling shoes like these
Do you want to be the next Sophia?
1. Begin somewhere
2. Make it work
3. Accelerate
4. Call me when you are ready!
Anne is about there
And remember, it’s all about the spirit
