I’m pleased to welcome back Will Stringer, the Founder and CEO of Chisos Capital. Will invests in people — entrepreneurs, creators, athletes - using an Income Share Agreement at the earliest stages of business ideation and formation. Join me as I explore Will's journey, from his experience in the investment space to his innovative work at Chisos, supporting entrepreneurs and revolutionizing the investment landscape. Along the way, Will talks about Chisos' unique investment model, the transformative power of providing individuals with access to unique and durable capital solutions, and how they structure their deals to provide maximize the probability of a successful outcome for everyone.
Key Takeaways
[2:26] Will’s background in a more traditional investment space.
[4:08] More about Chisos and how they invest in an individual as a business.
[4:50] How Will came across the idea of an income share agreement.
[8:15] Will’s inspiration for Chisos, and allowing an investor to invest in people at the earliest stages, betting on them as individuals.
[12:29] Chisos allows an investor to provide an individual capital on flexible terms.
[14:40] Chisos has done 56 deals since May 2020.
[15:08] How Chisos structures its deals. .
[16:10] The evolution of Chisos capital stack.
[19:25] More on capital stack and the evolution to fintech.
[20:52] How do entrepreneurs find Chisos and how do they source their deals?
[20:59] Use case: investing in a minor league baseball player..
[32:03] Will gives a shout out to a company in their portfolio now, apparel company Fox & Robin.
[33:35] How the income share agreement survives business failure..
[36:31] What kind of pushback Will gets from both entrepreneurs and downstream investors when he talks to them out in the market.
[42:00] The importance of storytelling in raising capital.
[44:47] What is the future for Chisos?
[48:35] Opening Chisos up to anyone via their INSPIRR platform.
Resources:
RBF Network
Will’s Original Episode from December 3 2021
Guest: