Mentoring the Visionary Next-Gen Entrepreneurs

By Wayne Kimmel, Managing Partner, Seventy Six Capital

Wayne Kimmel, Managing Partner, Seventy Six Capital

How do you work with the companies in which you invest? Tell us about your investment style.

One of the essential things for us is to ensure that we are investing in smart entrepreneurs who aim to change the world. One who has a big vision, wants to build a company, and is interested in us helping and coaching them to success. We’re all about rolling up our sleeves from the moment we invest in their company to offer them help right from making contacts to turning them into relationships.

How do you differentiate between the opportunities that you see in the market?

We prefer to invest in companies pertaining to those industries where we relatively have some knowledge or experience in that particular industry. We have profound knowledge in areas such as sports, retail, and health care industry; so when we get opportunities to invest in these areas, we will move forward because we believe that we can guide our companies only when we have expertise in that particular industry.

What are the key attributes you look at when evaluating a deal?

• To assess the founders or entrepreneurs themselves as we want to find out if they really are the people that we can believe in and work with.
• Ensuring that they are functioning in industries in which we have our expertise.

How do you work with the clients’ post-investment?

Once we invest in the company, we’re partners with that organization. So whenever they need our guidance we get connected with them on the phone on a daily, weekly basis, or as much as they need us or we believe that we can help them with. We provide them with the resources that we have at Seventy Six Capital which includes back-office operations that support them with running and operating their company from financial, operations, communications, and social media perspective. Lastly, we also help our companies with building their business strategies and technologies.

How do you think your current portfolio of companies has benefited from your guidance?

One of the things that we provide for all of our companies is something that we call the athlete venture group. This group is comprised of many former and current special athletes that help our companies and give them an extra marketing boost. Another important thing is that we listen to our CEO’s, entrepreneurs, and founder’s requirements and ensure to do things that will help our companies to get to the next level. For instance,we try to give them our relationships and connect them with right people to sell their product and also raise capital for their business.

In the light of your experience, what are some of the major challenges that entrepreneurs or startups face?

One of the major challenges that companies have is to continue to grow at a rapid pace like they do at their beginning stages. To this end, we are glad to help our companies and give them the confidence to continue to grow at rapid pace, make decisions quickly, and hire smarter people. We want to be there by the side of our companies as their coach and boost their confidence as it’s both mentally and physically challenging to build something from scratch as a startup.

What would be a piece of advice that you would like to impart to all of the entrepreneurs?

I think one of the important things that any entrepreneur or businessperson can do is to go out and build as many contacts as possible and then turn those contacts into relationships because I believe the more relationships one has in the business world, the more successful he/she can be.

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