EP 120 | Panel Discussion on Raising Funds

Nov 19, 2021

01:10:09

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Episode notes

Welcome back to the MHP Podcast where we meet our guests Rhett Trees who is the Founder and CEO of Seneca Capital Partners, Sam Hales from Saratoga Group, Jeff Cook who is the Founder and CEO of Cook Properties, and Daniel Weisfield with Three Pillars

In this episode, you will learn the pros and cons of high-risk investing, how to differentiate and scale investors, and how the accounting department fees can adjust to company expansion.

Highlights of the episode:

00:00 Episode Introduction

01:10 Introduction of the Guests Rhett Trees, Sam Hales, Jeff Cook, and Daniel Weisfield

05:23 First, most recent, and biggest Capital Raises

10:24 Pros and cons of High-Risk Investing

17:16 Opinions on a scale of Investors

21:30 Differentiating Investors

29:58 The Reporting Process

34:52 Comparing the Fee Structures

39:55 Balancing the interest of LP/GP

45:04 Timeline for Penalties and Rewards

49:40 How the Accounting Department Fees Adjust to Expansion

54:43 Where We Are in the Market

57:00 Controlling the controllable

01:08:10 The Scale of Deals and Closing Comments

Notable Quotes

“I’d rather have a smaller piece of something, than 100% of nothing. And unless you’ve got really deep pockets or really low ambitions, you’re not going to be able to do without partners or without some sort of financial backer.” - Ferd Niemann

“We can do a better job for everybody, if we run it the way we know how to run it.” - Sam Hales

“That’s why I do believe this is a scale business. The scale helps in so many ways, not only economically at the GP side, we don’t put any GP expenses into the pond. It’s more about our ability to buy mobile homes when we see them.” - Rhett Trees

Connecting with the Guest

Rhett Trees

Website: https://senecacp.com

Instagram: https://www.instagram.com/happiesttrees/?hl=en

LinkedIn: https://www.linkedin.com/in/rhetttrees

Sam Hales

Website: https://saratogagroup.com/

Facebook: https://www.facebook.com/SaratogaGroupLLC/

Twitter: https://twitter.com/thesaratogacorp

Instagram: https://www.instagram.com/saratoga_group/?hl=en

LinkedIn: https://www.linkedin.com/in/samhales/

Jeff Cook