Why Profit Is Eating VC: How Real Cash-Flow Beats Paper Markups

Connect with fellow limited partners at our exclusive evening gathering designed for meaningful conversations and valuable connections before the 2025 RAISE Global Summit.

Enjoy curated networking over great food, followed by a thought-provoking panel—Why Profit Is Eating VC: How Cash-Flow is Outperforming Paper Valuations—moderated by Cheryl Kellond, Founder of Play Money, a 3x founder, 3x Ironman, 4x mom, and internet OG known for blending straight talk with deep insight on the future of early-stage investing.

Andy Louis-Charles (Ranchos Ventures), an operator-investor with more than $1B in middle-market transactions, will reveal how to unlock powerful cash-flow potential from the $900B franchise asset class, while Will Stringer (Chisos Capital) shares how his firm is pioneering a new asset class that lets investors back exceptional individuals at the earliest stages. By combining flexible, income-secured funding with startup equity exposure, Chisos aligns investor returns with real-world outcomes rather than speculative valuations.

The night closes with relaxed networking to forge relationships that last.