Talk Your Book: Growth Stage Debt Investing

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 27 May 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Ben Carlson and Michael Batnick are joined by Kyle Brown, CEO, President, and CIO of Trinity Capital to discuss how the Trinity Capital structure works, how venture debt investing works, understanding execution risk vs technology risk, Trinity's 5 income-generating businesses, risks involved, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Trinity Capital.
0:03.2	Trinity Capital is a private credit alternative asset manager, focus on growth stage-sponsored-backed
0:08.0	direct lending. Learn more at Trinity cap.com.
0:11.5	Welcome to Animal Spirits, a show about markets, life and investing.
0:18.0	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and
0:22.3	watching. All opinions expressed writing, and watching.
0:23.2	All opinions expressed by Michael and Ben
0:25.1	are solely their own opinion and do not reflect the opinion of Red Holt's
0:28.5	wealth management.
0:29.6	This podcast is for informational purposes only
0:32.0	and should not be relied upon for any
0:33.6	investment decisions. Clients of Ritholz wealth management may maintain
0:37.4	positions in the securities discussed in this podcast.
0:41.8	Welcome to Animal Spirits with Michael and Ben. We talk a lot about private equity and
0:48.7	venture capital and when people invest in these privately held companies, most of the time, or what
0:57.0	we here is equity.
0:59.0	They're buying stock in these companies.
1:01.4	But as we know, there's two parts of the capital stack it's not just
1:04.7	equity there's also debt these companies sometimes they don't want to be
1:10.2	dilutive especially if they're successful and further along in their life cycle.
1:13.8	It could be cheaper, even with interest rates where they are, it could be cheaper to borrow money
1:19.1	than to dilute the company. There was a threat on Twitter a couple weeks ago about a VC investor
	...

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