Subscribe to The Stanza, a newsletter at the intersection of investing, hospitality, & fashion.
Today's guest is Alek Koenig, founder and CEO of
Settle.
Settle is a cash flow management platform for CPG start ups. Brands you love, like Ghia, Soft Services, Ceremonia, Lalo, Italic, and Starface, are users of Settle, and it's easy to see why. From streamlining your AP, managing bills and vendor payments, to getting working capital loans with transparent terms, Settle provides solutions to problems specific to CPG brands, all within a modern and simple interface.
Settle is also backed by institutional venture investors such as Kleiner Perkins and Ribbit Capital. And even if this episode isn't a typical consumer brand founder story, I asked Alek to come on as a guest to share insights from transitioning from the corporate world to entrepreneurship, fundraising advice, and managing a company in uncertain times.
I've also partnered with Settle to give you guys $250 in transaction fee credits if you use the code (THESTANZA) to sign up for free - that means transaction-fee payments for you. Click here Settle's Working Capital calculator so you can see how much financing power your business is eligible for.
Episode highlights
- The consumerization of business software
- Transitioning from corporate to entrepreneurship
- Preparing financially for that transition
- Managing a company in times of economic uncertainty
- Fundraising from institutional investors
- How to understand your customers' pain points
- Advice for networking with investors as an introvert
*Thank you Settle for partnering with The Stanza*
