Month: July 2018

CrowdOut Capital featured in Asset-Backed Alert

A company that writes loans to small and mid-size businesses is talking to investors about a potential securitization.
If it moves forward with the effort, Austin-based CrowdOut Capital would start by privately placing deals with single buyers in 2019. The offerings eventually could take the form of asset-backed securities or collateralized loan obligations.
CrowdOut, which formed in 2015, so far has been employing a marketplace-lending strategy in which it sells its accounts mostly to family offices and asset managers. But some investors recently have told the firm that they would prefer to take exposures to its accounts through securitizations, chief executive Alexander Schoenbaum said.
See full article: Business Lender Engaging Investors (Asset-Backed Alert)

Alexander Schoenbaum, CEO of CrowdOut Capital.

Linius Technologies' Chris Richardson on the next revolution in global eLearning

In today’s always-on world, the value of knowledge has increased and the way we get it has changed, says Linius Technologies CEO Chris Richardson.
eLearning — the direct access of information by technology — is one of the most vibrant and promising new businesses on the global market, one poised to reach approximately $331 billion by 2025. A new era is dawning for eLearning with the power of video virtualization and artificial intelligence (AI) technology, enabling it to be the most compelling new way to improve our minds, lives and society.
Read the full article: The Next Revolution In Global eLearning (Forbes)

OWC's Tracy Williams talks to Variety about Hollywood's zero tolerance policy

Times have changed, writes Variety’s Gene Maddaus. In the wake of the Weinstein scandal, dozens of men have been ousted for allegations of sexual misconduct. It was a long time coming, but when it came, it was sudden. Now the same urgency and zero-tolerance mentality are being applied to offensive statements as well as deeds.
“The studios haven’t behaved well. They have been bad actors,” said Tracy Williams, CEO of Olmstead Williams Communications. “Suddenly there’s a spotlight put on them, and they realize they need to button up. Every company is moving quickly. Heads are flying; look at all the people getting fired.”
Read the full article: Is Hollywood’s New Zero-Tolerance Policy a Reaction to the Trump Era? (Variety)

EOY winner Nadine Watt spotlighted in L.A. Times' "How I Made It"

Nadine Watt is president of Watt Cos., a 70-year-old real estate firm in Santa Monica that was founded by her grandfather, Ray Watt. The 106-employee operation has developed homes for more than 100,000 families, built more than 8 million square feet of office space and developed more than 50 shopping centers. It’s also developed three hotels and six master-planned communities.
When she became president in 2011, Watt led a reorganization that expanded the company’s range of business to acquisitions, real estate development and entrepreneurial joint ventures to lessen its exposure to the volatile retail market. Her company won Ernst & Young’s Entrepreneur of the Year award for the Los Angeles area.
“[My grandfather] always taught me to treat everyone with respect. He always looked everyone in the eye and said hello, and he asked them questions. He knew a little bit about everyone from his janitors to presidents. The last thing he ever said to me was, ‘Do your homework.’”
Read the full article: Nadine Watt tried to avoid the family business. Now she helps run it. (Los Angeles Times)

8 Books and Podcasts To Make You Smarter This Summer | eNews from OWC

Business leaders like to “pick the brain” of powerhouse players for insight and to learn from their mistakes. What’s the best way to engage leaders like Bill Gates, Warren Buffett and Arianna Huffington? Read what they’re reading. As Bill Gates has famously revealed, getting to know 50 new books a year has helped make him who he is. Here are our staff picks:
“Radical Candor” by Kim Scott
Recommended by Tracy as a study in candor with clients, reporters and your team.
Scott uses engaging and hilarious personal stories from her experiences at Apple and Google to illustrate her approach to effective management – radical candor. She theorizes that effective leaders must “care personally” and also “challenge directly.” More than just a management book, radical candor informs how we communicate with one another while remaining compassionate and empathetic.
“The Prince” by Niccolo Machiavelli
Recommended by Trish, an avid reader and firm believer that “one must be a fox.”
“There is no other way to guard yourself against flattery than by making men understand that telling you the truth will not offend you.” A classic and one of the most impactful books on power. Ruthless? Yes. Yet this book contains tremendous insight on the importance of controlling the narrative. Machiavelli’s debate on which is more valuable to a leader, being feared or being loved, fits right in with today’s “Game of Thrones.”
“How to Win Friends and Influence People” by Dale Carnegie
Recommended by Ashley, who uses every party she attends as practice for Carnegie’s tactics.
Every high school student should read this before graduation, and so should we all. After 80 years, this book still has a cult following. Warren Buffett said “it changed my life.” It’s one of the best public relations reads because when you are genuinely interested in what others say, you create a bond. Carnegie also presents useful insights on the psychology behind social interactions and great tips on how to approach people.
“Start with Why: How Great Leaders Inspire Everyone to Take Action” by Simon Sinek
Recommended by Wes, who says its take on establishing core values can serve as the guideline for every decision.
Born from his 2009 TED Talk on his book Start with Why, the third most popular TED video of all time, Sinek speaks to a movement to help people become more inspired at work, and in turn inspire their colleagues and customers. His theme is that leaders who’ve had the greatest influence all think, act and communicate in the same way, which is the opposite of everyone else: they start with why, not just how, their company is different.
“Resonate: Present Visual Stories that Transform Audiences” by Nancy Duarte
Recommended by Paulo, OWC’s content creation guru, who says the book is visual and informative, making it a great mix of concept with how-to instruction.
Creating a presentation can be a daunting task: How many words are too many for one slide? Does this image make sense here? Am I boring them to death? Duarte’s answers can help wake the sleepers and lead to better and more entertaining communication.
Our staff commutes from Simi Valley and Pasadena to Silver Lake and Santa Monica, so podcasts are the medium of choice for getting our daily dose of news, insights and learning:
“The Moth”
Recommended by Trish, who listens to at least five podcasts every day to maintain sanity while driving “the highway of the damned” (aka the 405) during her 3-hour daily commute. See Trish in The Wall Street Journal.
Communication requires an effective storyteller and what better way to learn than to follow the examples of the most skilled. The Moth podcast is a collection of people telling true stories in front of live audiences. Topics and lengths vary, but the level of excellence is consistent.
“The Intelligence Squared Podcast”
Recommended by Ashley, who says it sharpens argument skills and helps us incorporate witty, well-reasoned positions into conversation.
If you love a good debate, this is the podcast for you. It’s like eavesdropping on the brightest visionaries and most intelligent leaders from around the globe as they deliberate hot topics.
The New York Times’ “The Daily”
Recommended by Paulo, who recommends it as the ideal podcast for a quick news fix during the morning commute.
Hosted by Michael Barbaro, each 20-minute episode is a deep dive into the latest news, all told by the Times’ award-winning staff. It summarizes the day’s hot-button headlines with original reporting from those covering the stories from the front lines and commentary from policymakers and interviews with persons involved.
We’d like your book and podcast recommendations. Please share them with us on Twitter @owcpr or via email, and we’ll include them in our next newsletter.