This week, I'm sharing my conversation with Henry Kaestner, founder of Sovereign's Capital and host of the Faith Driven Entrepreneur podcast. Sovereign's Capital "invests in two market segments: profitable, lower middle market companies (with $10 million to $100 million in revenue, and $2.5 million to $10 million in owner earnings) and promising, early-stage technology companies (with $500,000 to $5 million in annual recurring revenue)." In our conversation, we covered:
- The Bandwidth.com story and Henry's years as CEO and Chairman
- The culture at Bandwidth ($BAND) and how it was defined from the start
- The incentives behind venture capital investment
- Buying customers (and burning cash) vs. delighting customers (and keeping them)
- Debt vs. equity for founders
- Convertible debt and SAFE's
- Henry's work and drive behind the Faith Driven Entrepreneur and Faith Driven Investor organizations
- The launch of the Faith Driven Investor marketplace
- The power of surrounding yourself with friends who will speak wisdom into your life
- Henry's business idea to reinvent the collectibles industry using cloud labor and computer vision to grade collectibles and sell them over a marketplace platform
