On January 10, 2024, the SEC (Securities and Exchange Commission) approved 11 spot bitcoin ETFs, issued by asset management giants like Blackrock and Fidelity. This is a major event in the history of cryptocurrencies. With Patrick HERTER, founder of FRN Ingénierie, we will see more clearly about this regulatory change, try to understand its scope and potential impacts on the crypto market and its ecosystem.

After a certain stage of maturity, a startup has no other choice but to imitate more traditional companies: it must set up decision-making bodies. Both for a question of transparency and for compliance reasons. In this episode, Nicolas shares with you the main bodies set up at Soan.

When you want to use your debt capacity to invest in real estate, you often hesitate between buying your main residence and investing in rental property. The second option is interesting because it allows you to build up wealth while generating additional income. But, it requires a lot of effort: property search, negotiations, discussions with banks, work, tenant management, etc. Nadim Takchi (CEO of Livret P) embarked on his first rental investment at the age of 25. Nadim makes maximum use of its borrowing capacity and follows a rigorous investment methodology. Barely six years were enough for him to build up a heritage of 13 real estate properties. At the microphone of Matthieu Stefani, co-founder of CosaVostra, Nadim shares with us his method of rental investment based on debt. ## Why is it worth going into debt to invest in rental property? Obtaining a bank loan to invest in rental property allows you to benefit from a powerful leverage effect: the rents collected make it possible to cover all or part of the loan maturities. Result: the property is self-financing and the investor can even succeed in generating a positive cash flow (when the rent is higher than the loan repayment deadlines). It is an excellent way: to broaden one's assets; prepare for retirement; and create additional income. ## Stock market vs Rental real estate: Nadim's opinion Nadim prefers to invest in rental real estate. According to him, the return is more interesting, safe and creates value. He gives us the following example: a person has €10 in savings. It can either invest them in the stock market or use them as a contribution to invest in real estate. Scenario 1: she invests her €10 in the stock market and obtains a very high return of 000%. Annual profit: €2. Scenario 2: She borrows €100 and invests in real estate (using her €000 savings for her contribution). His apartment gives him a 4% net return. Annual profit: €4. Scenario 2 (more pessimistic than the first) produces a result twice as important. Knowing that real estate is less fluctuating than the stock market. ## Good practices for investing in real estate thanks to a bank loan Here is the list of good practices highlighted by Nadim during our episode: When you want to invest in a big city, take taxi rides, and ask questions to drivers. They know the best neighborhoods in town! Once you have targeted a specific neighborhood, go chat with merchants and residents. This is a good way to make sure the neighborhood is a good place to invest. Use your debt capacity to the maximum, to invest and benefit from an optimal leverage effect. Focus on “liquid” properties: they must be able to be rented at the right price quickly and be sold under the best conditions (quickly and without loss of value). Go through a broker to get the best possible loan. When visiting, ask to go first. If you like the good, make an offer very quickly. When you find a property to buy, ask different real estate agents what they think of the selling price. Some may offer you a similar property for a better price. Buy without condition precedent: it is very risky, but if your situation allows it, it reduces the cost of acquisition. Always negotiate the purchase price and the borrowing rate, in order to benefit from the best possible conditions. You can follow Nadim on LinkedIn and discover Livret P here. Pros: Good news! With the code MARTINGALE, you benefit from 10€ offered during a first investment at Livret P. And you will receive the Excel file used by Nadim for its rental investments.

Recreating a startup after building a unicorn is the story of Jordane who - with Morgan and Marc-Henri - is developing Defacto, a fair and instant financing solution for SMEs. For this new episode of the How I Met My Co-Founder podcast, I welcome them to discuss with them: - Their first meeting in California for Marc-Henri and Jordane and the "Chinese restaurant" brainstorms to do ideation - Their matrix concept with the following criteria: B2B project, international market, replacement market, product-led acquisition strategy, high barrier to entry - The customer discovery phase which began with the Spendesk adventure where Jordane and Morgan - MBTI type tests/50 questions to open the discussion and get to know each other professionally - The role of routines in their relationship as co-founders with 2 meetings per week (Monday/Friday) + 1 offsite per quarter - Their method of 3-way decision-making with a scoring method - The 2 equity fundraisings with GFC (David Sainteff), Headline (Jonathan Userovici) and Northzone - Their debt raisings first with Business Angels then with Viola Credit - Their first recruitment (cc Antoine Cheron) and their reverse recruitment process - The structure of their team (without head of) and their desire to stay lean.

Christophe (CEO) and Noureddine (CTO) met 12 years ago at Niji. In 2017, they decided to launch Leocare, the first all-in-one neo-insurance. In this discussion, we discuss: - Their meeting at Niji and their departure to create Leocare - The ideation phase carried out with a group of 150 people close to Christophe and Noureddine - Communication between them and with the team - The first recruitments and the choice of having 2 offices (Rennes and Paris) - Series A and Series B fundraising

After having already brilliantly succeeded in creating a start-up, developing it and selling it to a group, this passionate entrepreneur thought long and hard before embarking on a new adventure. The trigger for Arbia was the yellow vest crisis in 2019. She decided that we had to aim big for a large part of the population. She therefore decided to launch: Rosaly, a socially responsible FinTech that helps companies improve the financial well-being of their employees by streamlining access to wages and providing advice and budget education using an application. The down payment is the first step in this fabulous project that is Rosaly. You will see that Arbia's ambitions are very high with the aim of helping as many people as possible to no longer live in financial precariousness. The innovative approach of this FinTech is that of the fluidity of payroll management. Arbia goes into the details and you will see how much administrative and financial burden it is for companies to administer on a daily basis. Making payroll more flexible is a way to retain employees and give them an additional level of comfort in managing their finances. We go through the different stages of the start-up: the inventory of the market, evangelization, the search for the first customers, the construction of the solution and the financial structuring and the business model. Guest recommendations: - Dirty Money - Netflix documentary - Joy - David O. Russell film - The Founder - John Lee Hancock film