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Take-Away with Sam Oches

What to know before raising capital to grow

Take-Away with Sam Oches

Nation's Restaurant News

Business, Entrepreneurship

2.515 Ratings

🗓️ 17 September 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

In this episode of Take-Away with Sam Oches, Sam talks with Andrew Smith, cofounder and managing partner of Savory Fund, a Utah-based private equity firm that counts 10 emerging restaurant brands in its portfolio. Andrew joined the podcast to discuss the state of restaurant investing and the upcoming Investment Summit in Nashville, plus whether now is a good time to raise money and what founders must do as they prep their brands for a raise.  

 

In this conversation, you’ll find out why:

  • It’s better to be a speed boat in tumultuous waters than a cruise ship
  • When raising money, you have to date around
  • You shouldn’t try to time the market when you’re raising money
  • Make sure your foundation is strong before you raise money
  • Cut loose any anchors on your speedboat before you hit the throttle

 

Have feedback or ideas for Take-Away? Email Sam at [email protected]

Transcript

Click on a timestamp to play from that location

0:00.0

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0:22.8

for real dash food service. Hey there, welcome to take away with Sam Okas, a podcast from Nation's

0:29.0

Restaurant News. I am Sam Okas, editor-in-chief here at NRN, and this is the show where I give you

0:34.3

an all-access pass to the restaurant industry's most influential

0:37.6

decision-makers. This week, I'm talking with Andrew Smith, the managing partner of Savory Fund,

0:43.9

a Utah-based private equity firm that counts 10 emerging restaurant brands in its portfolio.

0:50.4

I've talked with several of Andrew's brand leaders here on the podcast. There's a good chance that

0:56.3

you've heard me talk with Andrew either on stage at Create or during one of our Emerging

1:01.6

Restaurant Tour live learning series webinars. But this is the first time he has joined an episode

1:07.3

of Takeaway. As such, we could have talked for hours and hours on a range of topics,

1:13.1

but I specifically wanted for Andrew to join the podcast so we could discuss the state of

1:18.7

restaurant investing and our upcoming investment summit in Nashville, for which Savory Fund

1:24.3

is a valued partner. Andrew is a phenomenal resource for emerging restaurant leaders,

1:29.8

and we discussed whether now is a good time to raise money and what founders must do as they

1:35.3

prep their brands for a raise. In this interview, you will learn more about why it's better to be

1:40.9

a speedboat in tumultuous waters than a cruise ship, while you have to date

1:45.3

around when you're raising money, and why your foundation must be strong before a raise.

1:51.8

Of course, if you like what you hear in this interview, you can access much, much more at

1:57.0

the Investment Summit this October 8th through 9th in Nashville.

2:01.1

This event helps us kick off, create the event for emerging restaurateurs, which is October

...

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