30 Jan 2013
The crowdfunding allowed by the JOBS Act of 2012 is getting a lot of attention, but we have yet to hear from the SEC and FINRA on how they are going to regulate it. The details of that will spell doom or boom for crowdfunding. In any event, the dollar limit ($1 million in any 12-month period) makes it kind of uninteresting from an investment banking standpoint.
As investment bankers, we like the element of the Act that waives the prohibition against general solicitations for Reg D private placements, provided the deal is ultimately funded with accredited investors.
This article on real estate and crowdfunding provokes ideas about how interests in capital assets might be bought, sold, and traded among accredited investors in the private markets: http://www.businessweek.com/articles/2013-01-24/crowdfunding-for-real-estate-buy-a-slice-of-a-skyscraper.
More on crowdfunding as regulatory issues are clarified.
29 Jan 2013
Study: If You Multitask Often, You’re Impulsive and Bad at Multitasking
As an investment banker, I often hear CEOs bad-mouthing private equity and venture capital firms. And I get that..it’s tough to have someone over your shoulder demanding performance. But the data says companies backed by these capital sources perform better.
According to this, the main reason people leave their jobs is because they don’t like working with their boss. I can’t find the empirical data on this, but intuitively, it sure resonates with my experience in working with leaders and researching leadership. So, if your turnover is high, the first place to look for reasons might be the mirror.
As Pat Lencioni, author of Five Dysfunctions of a Team, says, a well functioning team is the single-most powerful competitive advantage a company have. And yet the overwhelming majority of CEOs only pay lip service to the whole thing. They either don’t believe it, which is simply ignorant, or they see the challenge of executive team building as too great. Traversi Capital Advisors works with executive teams across industries and the U.S. to increase their strength and functionality. Not in unproductive ropes courses and the like, where the context is completely incongruous with the executive suite. As our group often says, “The Chicago Bulls in their heyday didn’t develop their basketball teamwork in the executive offices of a company. They did it on the court. Likewise, executives shouldn’t do it on a basketball court. It just doesn’t work. Executives should do it in the executive environment.” Traversi Capital Advisors has a one-and-a-half day program that produces quantum improvements in the results most valued by its clients.
In my book, The Source of Leadership: Eight Drivers of the High-Impact Leader, I described personal responsibility as one of the eight essential drivers – deep personal energies – of the high-impact leader. Add to that driver its close cousin – vulnerability – and you’ve got the ingredients of a leader that will thoroughly engage his or her team. Check out this Inc. magazine article. Awesome for executive team building!
14 Jan 2013
WordPress-driven Site and Twitter to Be Key Communication Tools
San Francisco, CA, January 14, 2013 – Traversi Capital Advisors, LLC (“Company” or “TCA”), which meets the executive advisory and investment banking needs of small and middle-market companies with revenues between $5 million and $500 million, announced the launch of a new website.
David M. Traversi, TCA’s Chief Executive Officer, said, “We are excited to announce the launch of our new website, a dynamic, WordPress-driven site that will allow us to easily and continuously add valuable content that will assist our clients and prospective clients in building their enterprise value and optimizing their capital market transactions. We’ll also be tweeting this content, and invite people to follow us on Twitter at @Traversi Capital.”
About Traversi Capital Advisors, LLC
Traversi Capital Advisors, LLC, the investment banking arm of Traversi & Company, LLC, founded in 1999, is an investment banking and executive advisory firm specializing in private placements of equity and debt, merger and acquisition advisory, restructurings, and executive advisory (strategic advisory, strategic execution, executive coaching, and executive team building) for companies with revenues between $5 million and $500 million. The Company serves the IT/Software, Business Services, Financial Services, Manufacturing, Clean Technology, Media and Entertainment, Food and Beverage, Real Estate and Building, Lodging and Hospitality, and Sports and Recreation industries. The Company maintains corporate offices in San Francisco, CA. Its phone number is (800) 689-7941. Its website is located at www.traversi.com.
For a PDF of this press release, click: TCA_Press Release_01_14_13
10 Jan 2013
Per Bob Herbold, this is what made Jeff Bezos (Amazon) and Warren East (ARM) stand apart from the pack in 2012: confronting reality, developing a sound, demanding game plan, and exploiting inflection points. http://smartblogs.com/leadership/2013/01/09/gutsy-leadership-winners-losers-2012/