The badass women issue

(maximka346) #1

She’s So MONEY


HOW ACTRESS OLIVIA MUNN LEARNED TO INVEST LIKE A BOSS


FIRST PERSON


$


everal times in my life, I thought about


investing. But the stock market seemed


fickle and intimidating, and I never


quite understood it. I considered buying


into companies and products instead,


but nothing ever felt right.


Then, in 2012, a friend of mine who


runs a hedge fund that invests heavily in


technology said, “You should look into this


company called Uber.” He said a limited number of people—


fewer than 45—were invited to take part in the initial


rou nd of fi na ncing. I fig u red that i f it d id n’t work out , I


would learn my lesson. But if it did, being an original


investor in a company that could revolutionize transpor-


tation would be pretty amazing.


Obviously, it was a good gut instinct.


I wish I’d invested more in Uber, but it’s


ha rd to k now when someth ing wi l l be


successful. I put even more money into


my nex t investment—a business I d id n’t


really think made sense but went forward


wit h a ny way. It went completely u nder.


I don’t have any regrets, though. It was


a lea r n ing ex per ience that t aug ht me to


ask more questions and to invest only in


things I personally get inspired by.


The more you ask, the more you know—


and I’ve become good at asking a lot of


questions, whether I’m making financial


deals or working with [Aaron] Sorkin on a


script. I want to understand everything


and know how to negotiate. The risk


is much higher when you don’t


understand an opportunity, and


sometimes it’s just not worth it.


There are often crazes, like


the whole cryptocurrency


th ing. It ’s OK i f you don’t


understand it. You don’t have


to invest or feel a s i f you’re


missing out. You can’t get


caug ht up in the hy pe of


what ever yone else is doing.


I never let myself get pres-


sured into anything.


I invest only in brands


that I actually use or that


solve a need. For example,


I work a lot with Cavu


Venture Partners, a company that helps small disruptive


brands grow. Through them, I’ve invested in products


li ke Chef ’s Cut Rea l Jerk y, Sk in ny Dipped A lmonds,


Bulletproof Coffee, Health-Ade Kombucha, and Vital


Proteins, all products I love. I also invested in (and am


t he creative strateg ist for) Wag , wh ich is li ke Uber for dog


wa l kers. So ma ny people need their dogs wa l ked when


they can’t be home. It’s a service that just makes sense.


I’m frequently asked who does my investments for me. I


negotiate deals myself, and then my sister, who’s an attorney,


does the paperwork at her firm in Oklahoma. Whenever I


come across a small brand or product I’m passionate about,


I reach out to the company and ask if I can help them grow.


Sometimes the answer is, “Yes, we’d love that.” Sometimes


they already have a plan and aren’t looking for more backing.


Thanks to social media and the Inter-


net, there are so many people selling


products without traditional brick-and-


mortar stores. If you’re looking to invest,


go on Etsy or Amazon and search for


products that inspire you. Find out who


owns the company, cold-call them, and


say you’d like to get involved. If they say


no, don’t let that deter you. Keep going


until you find one that says yes.


When negotiating, it’s important to be smart


instead of greedy. You’re investing your money,


your time, and yourself. If the initial number


isn’t exactly what you want, know that money


wi l l event ua l ly come back to you i f the


company is successful. I have a cap on what


I will invest, and I don’t go above that.


If you don’t have enough funds to entice


a company to let you invest, try getting


a few friends to pool money and


come in with that. Then you’l l a l l


share in the percentage of whatever


you’re a sk ing for. Or come up with


another way to help the company.


What sk i l ls have you ma stered


that this company needs? Show


them why they should allow you


in for what you’re bringing.


Everybody has an ability


and something to offer. You


just have to k now what you


want and go after it.


—AS TOLD TO


SAMANTHA SIMON

56 InSTYLE FEBRUARY 2019

Friends often ask


who handles my


investments. The


thing is, it’s me.”

Free download pdf