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A Startup That Is Buying Up Mom-and-Pop Shops
Aug 26, 2023
Michael Brown, co-founder and CEO of Teamshares, discusses his startup's mission to help small businesses transition to employee-owned models. They explore their financing strategies, shared back-end processes, and plans for future expansion. They also talk about the challenges of converting small businesses into employee ownership and their desire to expand into new industries.
28:24
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Quick takeaways
- Venture capitalists are finding opportunities in real estate investment when the tech IPO market is flagging.
- Team Shares is targeting small businesses without a succession plan and providing employee ownership through their financial technology platform.
Deep dives
Instacart's IPO prospects raise questions about the tech IPO market
Instacart recently released its offering prospectus for its IPO, but the numbers raised concerns about its ability to jumpstart the tech IPO market. Despite showing a $428 million profit for 2022, $358 million of this amount was described as a tax benefit. Additionally, sales for the first half of the year were flat compared to the same period last year. Instacart's public offering may not be enough to stimulate the market for new tech issues.
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