Caleb Light knows his stuff when it comes to finance, and he was able to show his stuff when he countered Mark Cuban’s offer on Shark Tank with an options buy-in that wouldn’t dilute his other shareholders’ position. One of the founding members of Power Practical, Caleb Light is an outdoorsman from Billings, Montana that saw the potential of the Power Pot in the outdoor market and jumped at the chance to help. Today, the Power Pot is sold in 14 different countries, with shelf space in stores like REI, Cabela’s, and more.
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Description
Caleb Light knows his stuff when it comes to finance, and he was able to show his stuff when he countered Mark Cuban’s offer on Shark Tank with an options buy-in that wouldn’t dilute his other shareholders’ position. One of the founding members of Power Practical, Caleb Light is an outdoorsman from Billings, Montana that saw the potential of the Power Pot in the outdoor market and jumped at the chance to help. Today, the Power Pot is sold in 14 different countries, with shelf space in stores like REI, Cabela’s, and more.
The FOMC, though, doesn’t care much about the outdoor space; focusing more on whether the US economy is sturdy enough to merit an interest rate increase. Economists put it at about a 50% chance, while the market is anticipating a 25% chance of a rate hike. As usual, though, there are no hints whatsoever from the Fed, so the markets are responding this week with a wait and see attitude ahead of Thursday’s announcement.
In this cram-packed episode, guest Caleb Light shares his insights and experiences of helping create and grow Power Practical along with his experiences on Shark Tank, while Matt and Tim discuss the upcoming FOMC meeting on Thursday.
Notes
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