---------- Forwarded message ---------
From: Richard C. Wilson <clients@familyoffices.com>
Date: Tue, Dec 21, 2021 at 7:54 AM
Subject: 20 insights from our 968 person conference last week
To: <stevescott@techacq.com>
From: Richard C. Wilson <clients@familyoffices.com>
Date: Tue, Dec 21, 2021 at 7:54 AM
Subject: 20 insights from our 968 person conference last week
To: <stevescott@techacq.com>
Last Monday we hosted our Family Office Super Summit and we had over 700 attendees that came to the venue and another 500+ that watched our event live and 57 investors & investment professionals on stage.
Our discussions focused on specific niche trends investors are focused on today, adapting to pandemic economy, how investors are investing in the healthcare space, and an entire panel of experts and thought leaders in the world of blockchain and cryptocurrencies, just to name a few.
Below I have listed my top takeaways and learning points from our investor discussion panels
1. Having specialized knowledge in a specific niche area is more valuable today than ever. Without it, you seem generic and it makes it difficult to choose you over others.
2. Money likes speed and patience - you must move fast to add value and to make progress but be patient with seeing results. Desperate money doesn't make money.
3. Be authentic be genuine and real. Savvy and sophisticated respect people who aren't afraid to be themselves and can quickly see through prevention.
4. Structuring a deal that makes it highly favorable to the investor will matter more than the business or investment strategy itself. Both investors and those raising capital need to put more time and energy into understanding what makes for a well-aligned investment.
Our discussions focused on specific niche trends investors are focused on today, adapting to pandemic economy, how investors are investing in the healthcare space, and an entire panel of experts and thought leaders in the world of blockchain and cryptocurrencies, just to name a few.
Below I have listed my top takeaways and learning points from our investor discussion panels
1. Having specialized knowledge in a specific niche area is more valuable today than ever. Without it, you seem generic and it makes it difficult to choose you over others.
2. Money likes speed and patience - you must move fast to add value and to make progress but be patient with seeing results. Desperate money doesn't make money.
3. Be authentic be genuine and real. Savvy and sophisticated respect people who aren't afraid to be themselves and can quickly see through prevention.
4. Structuring a deal that makes it highly favorable to the investor will matter more than the business or investment strategy itself. Both investors and those raising capital need to put more time and energy into understanding what makes for a well-aligned investment.
5. Investors are worried about paying too much in taxes. Have you learned all of the ways that your deal is attractive from a taxation angle? And are you sure you know all the tax advantages there are to know about your offering or portfolio? You'd be surprised how many people don't know.
6. There is more capital available now than ever before, this has implications for both those raising capital and allocating it.
7. Family offices want to work with those who have an institutional polish - rushing an investor to close, being close-minded on how to structure the deal, and not adding value and always asking for things, (like their time and for them to review documents) hurts your chances of closing the deal. It's a give and take. Not a take and take.
8. Kindness is the most advanced strategy. People are so focused on themselves and their own goals they forget about building genuine rapport and the importance of charisma. 9. According to our panelists short duration, income, local, tax-efficient, and already cash flowing investments are winning more allocations than others right now.
10. Consistency is key - the largest of partnerships get done with those who have been relied upon for years, seen for years, and have put developed their strategy through concentrated effort over time.
11. Cryptocurrency, Blockchain, FinTech, and VR investments are frequent among family office circles now. Even those in real estate and accounting are seeing the impact of new technologies coming to their spaces and will see their business models change is what several panelists commented on.
Here are also some insights from one of our headline speakers, billionaire and serial entrepreneur Jeff Hoffman:
- We come to learn that it is the value of the people that you work with the provide the value of your company.
- Write Goals in a mirror ( You can't hide from them)
- Did you get closer to your life goals or is it another December?
- Study an industry, solve a problem, become valuable to key players.
- Be a long life learner. If you keep going you will switch and industry
- Your success is someone's miracle
- Nobody cares how many deals you got done, what really matters in your life?
- Do you love the way your life turned out?
- There is no shame in having a lot of money, only shame in not doing anything good with it
We are back to hosting live events consistently and invite you to visit our homepage regularly to see the dates for our upcoming events. Thank you for following our work and if our investor club can be of help to you as an investor or company CEO or investment professional in 2022 please let us know.
Richard C. Wilson
Founder and CEO
Team Help Line: (305) 503-9077
Family Office Club
11445 E Via Linda Suite 2-623
Scottsdale, AZ 85259
http://FamilyOffices.com
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