SPONSORED CONTENT
Brooklyn Law Class Learns Investing Tips from Music Producer, John Legend
NEW YORK, NY December 6, 2022 (Law Firm Newswire) - Mitchell Littman, a professor at the Brooklyn Law School, gave an informative lecture in his Transactional Skills for Startups class. As he started his Zoom meeting, he welcomed singer-songwriter John Legend to speak about his investing experience.
Grammy Award-winning musician and a veteran investor for several business startups, Legend began to share how he compares startups through a dashboard software created by one of his advisors. His insights shed light on how people should effectively evaluate startups in their early stages.
John Legend shared four crucial factors to consider when evaluating the investment health of startups:
Look at the business model. Is it strong? Is it disruptive? If so, how will it work? What potential is there, given the specific industry and its market?
Consider the timing. "Sometimes you are brought in early when the company has a good valuation that can grow. Sometimes, they are already close to a high valuation, and you're not going to see an opportunity for it to grow as much," Legend stated.
Who else is investing? Legend explained how he is always interested in learning what other institutional investors are interested in.
What’s the public perception of the brand likely to be? As a celebrity used to being in the limelight, one's public persona is integral to branding. As a potential investor, it is a valuable question to ask. Brands likely to be perceived well by a particular audience are expected to do better.
As a celebrity investor, Legend continued to share how he relies on the "mic test."
"Can we put John on a mic and have him explain what he's doing and why he's doing it and have him be proud of his investment?" This test can be applied to nearly any startup: "If you can't explain your decision and be proud of it, it may be time to look elsewhere."
In addition to being a musician, Legend studied at the University of Pennsylvania. His early career includes time with Boston Consulting Group, where he worked as an associate focused on business strategy. As the lecture was drawn to a close, the key takeaway that Legend and Littman agreed on was: If it's too good to be true, it probably is.
About Littman Krooks
The New York estate planning law firm of Littman Krooks LLP combines extensive legal knowledge and experience with individual attention suited to each client's needs. For over 30 years, Littman Krooks' attorneys have brought astute, honest counsel and robust and thorough representation to every client they have served. The firm has assisted countless individuals and families in effectively advocating for loved ones with special needs.
Reach Littman Krooks at https://www.littmankrooks.com.
The post Brooklyn Law Class Learns Investing Tips from Music Producer, John Legend first appeared on Law Firm Newswire.
This story is published through a partnership with Law Firm Newswire. The editorial staff of Bigger Law Firm Magazine did not contribute to this article. The views expressed are solely those of the source of the news release and do not reflect the views of Law Firm Newswire or Bigger Law Firm Magazine. Questions related to this story should be directed to the media contact referenced in the article.
LATEST STORIES
MORE STORIES
WordPress Security Breach Used Vulnerabilities in Plugins in Themes
Over one million WordPress websites have been infected by a malware campaign called Balada Injector since 2017, according to cybersecurity firm GoDaddy’s Sucuri. The attackers behind the campaign use all known and recently discovered vulnerabilities in WordPress themes and plugins to breach sites. They typically play out their attacks in waves once every few weeks,…
How to talk to the partners about SEO
As a law firm marketing director, you understand the importance of SEO in driving traffic to your website and generating leads for your firm. However, convincing the partners of your law firm to invest in SEO can be a daunting task, particularly if they do not understand its benefits. Here are some tips on how…
The Psychology of User Experience and Its Impact on Law Firm Marketing
User experience, commonly referred to as UX, is an essential aspect of any marketing strategy, including law firm marketing. It encompasses everything that the user experiences while interacting with a product or service, including ease of use, accessibility, visual appeal, and overall satisfaction. The psychology behind user experience is a fascinating subject, and understanding it…