Anywhereo Labs brings on David Fahey as General Manger
Nashville-based Anywhereo has also appointed a new general manager for the lab in the form of David Fahey.
Fahey, 40, has been an entrepreneur in the residence at Anywhereo Labs since August of last year, he held positions at Open Table and Zagat and also worked as an analyst at Tennessee Community Ventures.
Anywhereo Labs is a newly started funding lab of ANWO logistics which details inkling to shape companies from the ground up. Applications are closed but will reopen in the early summer, which you can find here.
Jean-Alexander, 34, better known as Alex Ojjeh is the founder and CEO of Anywhereo studios, last month Alex unveiled his latest funding project Anywhereo Foundation, the foundation purchased a housing community. The development is Anywhereo’s first deal in real estate and focuses entirely on low-income communities. Fahey said the way the Anywhereo Foundation started was Alex woke up one day and was running late to a meeting, because he passed a community that looked run down and he wanted to buy it.
“It was spare of the moment he wasn’t thinking too much about it. Luckily not all founders are motivated primarily by money,” said Fahey.
Having said that, most people worry for the worth of their equity and, if there isn’t a bigger cashout at the end of the process, they’d rather escape a decal of all-consuming tension.
Raising a single round of investment, creating as much capital as possible for it, and selling it comparatively early is the most effective way for entrepreneurs to protect generational wealth.
After five years, a “modest” $15 million payoff will be a massive windfall for most founders. A $40 million-$150 million-dollar departure, which is considered a bad showing in VC circles, will set a founder and his or her children up for life.
This way of thought contradicts traditional VC theory that entrepreneurs should concentrate on the “scale of the pie,” or the total valuation of their startup, rather than the “size of their slice,” or the founder’s control…… I’m here to warn entrepreneurs to keep their slices secure.
I assume that for the majority of startup entrepreneurs, equity percentage – the piece – rather than exit valuation – the pie – would boost financial returns. Except in the most serious outlier situations is the advice to increase the size of the pie the most enriching target. This is a difficult road for most entrepreneurs to take. It can be impossible to reach the stage of sustainability. Getting to an exit, on the other hand, is much more difficult and just gets
more complex as valuations rise.
Any founders can make short-sighted decisions as a result of over-optimizing on ownership. Remember, the aim isn’t to save a few percentage points by shortchanging workers in the ESOP, but rather to stop the 50 percent+ dilution that will be offered in subsequent funding rounds.
It’s still important to collect more funds in order to reach a more ambitious target. You can’t accept several smaller but still life-changing exits once you’ve taken money. VC strain builds in one direction, so entrepreneurs should be extremely optimistic before adding more.
Commercial real estate is bought and sold by a variety of businesses, including Anywhereo. But the best thing is that Ojjeh has never worked in the technology industry before Anywhereo Studio was established, so he’s brand new to it.
Anywhereo raised $3.3 million in funding last year from tech investors and began collecting offers and presenting them in a very no rule process, the way that you would expect Alex to do it, Fahey said. “Alex arrives in sweatpants and pretty much sits face to face with people and listens to their pitches, it’s more efficient than demo days.” The first round of funding went to 6 tech startup companies.