Nikonomics - The Economics of Small Business
My mom always told me "There's no such thing as a dumb question... Only dumb people!"
What she meant was that those who DON'T ask questions are the dumb ones! At least, that's what makes me feel better about asking so many questions :)
I've bought, run & sold dozens of companies in the SMB space, with multiple 7-figure exits. Over the past 5 years my companies have generated over $100M of revenue and Millions of dollars of shareholder value.
Now I let my curiosity drive as I interview Entrepreneurs and ask them to walk me through how their businesses work.
Nikonomics is a place for curious Entrepreneurs and Wantraprenuers hungry to learn. So come join our big group of DUMB people, ask some questions and maybe we will learn a thing or two together.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
50 - Billion Dollar Lessons from a $800M Mistake with Elizabeth Knopf
Join me, Nik (https://x.com/CoFoundersNik), as I talk with Elizabeth Knopf ( https://x.com/leveragedupside ), a venture capitalist turned operator who has scaled startups in Latin America, worked on billion-dollar unicorns, and is now hunting for cash-flowing software businesses.
In this episode, Elizabeth shares lessons from passing on companies like Shopify, key metrics for evaluating SaaS companies, and how she leverages AI to transform small businesses. We also dive into spotting the next billion-dollar idea and avoiding the 'what if' game with investments.
Questions this Episode Answers:
- What lessons did Elizabeth learn from passing on companies like Shopify?
- How does Elizabeth evaluate SaaS companies?
- How is AI transforming small businesses?
- How do you know when you've found the next billion-dollar idea?
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This week we covered:
00:19 The What If Game: Hypothetical Investment Scenarios
01:33 Guest Introduction: Elizabeth Knopf's Background
03:06 Elizabeth's Investment Journey: From Hedge Funds to Venture Capital
04:20 Deep Dive into Venture Capital: Sourcing Deals and Missed Opportunities
13:40 Evaluating SaaS Companies: Key Metrics and Lessons Learned
18:46 Elizabeth's Transition to Operations and Entrepreneurship
23:55 Leaving Axon and New Ventures
25:35 The M&A Journey Begins
27:22 Investment Strategies and Challenges
36:11 AI and Automation in Business
42:50 Rapid Fire Questions and Wrap-Up
