Working with John on some state taxes and withholdings, payroll stuff.

We had a guy by the name of Michael from the Panther Capital Advisory Group meet with us for a little bit over an hour. He was representing a group of venture capitalists and some of their options. We went over a multi-page document (their pitch) to us on the meeting. They were saying that they could help us make and/or create a deck or pitch deck for investors (small 2-pager). They could also help us put together other assets and resources. As a side note, they said that it is normal for it to take about 90 days or so before you would ever see any funds or fruits from your preparations. Interesting number.

We talked about debt equity and investment equity and some of the pros and cons of each type of equity. Spent more time going through their presentation and slides. They, the Panther Group, will help close the deals for us. They circulate the pitch deck through their network. We got into warrants and fees for what options they provide. A warrant is kinda like a sweat equity percentage that they could redeem for ownership or payout if things are successful. Another way to think of a warrant is like a lien on your business.

We went over how many deals they are doing and how they interact with their investors. They talked about possible marketplace options and what not. All money comes with a pro and a con or multiple pros and cons. The importance of finding the right partner or investors.

Steve was asking a bunch of questions. Michael was very helpful. One of the major takeaways was dealing with the chemistry of your team. Be really careful on who you want to bring into your team. After Michael left, Cory, Steve, and I talked about our chemistry and how our team has grown organically over time. Our organization, Adilas, LLC., has its own flavor. We get to help that along and make it into what we want it to be. We also talked about costs of money, opportunity cots (unseen costs for doing certain actions, including costs of what else you could be doing), and talking about our clients and our goals.