If you’re running a $5M capital light company and you don’t need capital to grow, would you take advantage of the current frothy environment and raise $3-5M at an attractive valuation? Just to have the cash “in case” and be opportunistic.
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Replying to @FiveAcesCapital
I have one. I’d do debt instead, but: 1. I’m not super good at debt vs equity trade offs 2. We’re not in a place to execute on such a acquisition. I think Buffett did same when he issued a bunch of euro debt recently, fwiw.
6:14 PM - 21 Dec 2019
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