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Image source: Getty Images There are two things that we can say are for sure true about launching a startup. But it is also equally true that creating a startup is challenging. You will need funds for legal help, initial marketing, website and social build-out, and, oh, about 50 other things. Here are your best bets.
RITHOLTZ: And — and to — for a little context, maybe for some of the audience in America who may not be that familiar with Man Group, this isn’t like a startup. Yes, I did some legal stuff and rank stuff but I, you know, I went in on the weekends when we did the stock certificate count. And it is slightly surreal.
So I did my thesis on how leveraged buyouts work from the legal and the business side. And I remember literally sitting with the bankers at Manny Hanny and we went through every lending bank in the world, every major bank, and said if they lend their full legal limit — RITHOLTZ: They could — KLINSKY: — then we raise enough.
And so, as advisors look to leave these big enterprises and go independent, one of the biggest things we need to train them on is the distinction between compliance, legal, and risk. RITHOLTZ: Compliance, legal, and risk. With us, the law firm is basically a customer of MarketCounsel for a lot of our startup work.
Dana Mattioli : Well, Amazon, you know, they started as this against all odds grudge startup. Listen, if a few kids have to die in order for our profit margin to expand, that’s just a little collateral damage. And then you had to build, like you were reinventing the wheel every time there was a new startup. Toughen up.
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