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By Ted Williams |
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Hello Thursday. In a few weeks, I'm taking all 3 of my young kids camping at Lake Norman State Park. It's $30.
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As an unmanly blogger, I'm already anxious. I don't own a tent. I haven't been camping since middle school. I'm much more of a $7,838 Blackberry Farm guy.
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Good news is that my police officer buddy and his children have agreed to join us. He's very manly, but I beat the hell out of him in LinkedIn engagement.
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Please reply back with all camping tips, including tent recommendations. Anyways.
💼 Hot Job: Manager, Brand Strategy at Axios Local ($75K – $95K). Now in 34 cities. Partner with their sales team to customize proposals then win deals.
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👨 Shout-out: Drew Burdick for launching CLT Startup House in 100-year-old Dilworth house. 5 resident companies pay $1,250/mo alongside 20 memberships offered at $295/mo.
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MARKETS: YEAR-TO-DATE
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S&P 500 |
6,575 |
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Nasdaq |
21,841 |
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OPENING HYPE
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$1.7M pasta bar with intimate "chef counter" opening in former Futo Buta space
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Designed by badass architect Bryan Southwick and team
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New Venture: Lady Funari, a modern pasta bar, will open in South End’s former Futo Buta space within the next 90 days.
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Open kitchen with an intimate pasta counter
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Seating for 40 inside and 40 outside
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Expect handmade pastas and Italian cocktails
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Owners: B-side Hospitality group, a partnership between Ankoor Patel (developer), Kamal Patel (investment banking), and Richard Williams (growth).
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Chef: “I’ve opened more than 10 restaurants throughout my career, but I always come back to pasta,” said culinary director Vince Giancarlo. “It’s my happy place."
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Comms: B-side hired ad agency NiceDay for branding and comms, led by Daniel Gibson and Plaid Penguin alum Blandine Mathieu.
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Bullish: Renderings look incredible, but more importantly, B-side is on a hot streak with the success of Vinyl and Mi Cariño.
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PRESENTED BY WEALTHED
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WealthEd partners with Atrium Health to teach personal finance
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Kailey Izard Welsh, alum of Chapel Hill, Wake Forest MBA, and Chicago Booth
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EARLY TRACTION
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2 moms build digital platform to solve summer childcare "Hunger Games"
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Megan Petrik and Megan Spivey, both mothers of 2
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How it started: "We built a Google spreadsheet to coordinate summer camps," Megan told me. "It grew quickly from 8 families to over 40."
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Startup: After validating the concept, founders Megan Spivey and Megan Petrik invested their own money to build Summer Sanity, a digital planning tool for parents.
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It launched a few months ago. So far, 415 families have joined the platform through word of mouth.
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The startup makes money by selling directory listings to camps and other summer programs.
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Misunderstood: "There's this myth out there that you 'get a raise' once your kids get to public school. But between summer coverage and random teacher workdays, it's just not true."
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MONEY TALKS
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27-year-old strategist making $95K saves $1,000 each month for wedding and house
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$28 Rigatoni Bolognese at Flour Shop, her No. 1 restaurant
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Money Talks is a weekly series showcasing how real people in Charlotte approach money. Participate.
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Living situation: “My fiancé and I are very lucky. We live in a home his parents purchased. They bought it for just $50K in 2017. It needed work and is 750 square feet.”
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Job: “Marketing strategist at a local ad agency. $95K base plus bonus opportunities for client growth. Another nice perk is a $2K new hire bonus and a $5K new business referral bonus.”
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First job: “Freelancer for $15/hr, capped at 30 hours/week. I worked as a bartender on weekends to pay the bills. My first full-time marketing job paid $35K, but then Covid hit and I was unemployed for 7 months.”
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Budgeting: “Yes. I’m terrified of being financially insecure — especially working in an industry where layoffs are rampant. I put 10% into my 401k and $1,000 per month into savings.”
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Worst expense: “A freakin storage unit. I have so much stuff that I just can’t get myself to part with. $96/mo.”
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Net worth: “I honestly don’t know. I have $35K in a savings account and $65K in my 401k. I own my car, but I don't own our house and have no investment account.”
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Rich in Charlotte: “At least $5M. This place is expensive. A dinner for two will easily run you $100 at not even fancy restaurants. Even modest houses cost $1M or more.”
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Full story: 27-year-old making $95K targets $2M to feel financially free
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MONEY SNACKS
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5 other financial headlines I’m snacking on
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Uchibā, Uchi's sister rooftop vibey bar, opens tomorrow night. I chatted with GM David Fair last night and they're crushing it.
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Laurel Park opens highly anticipated outdoor bar in SouthPark. It’s huuuge. Order the $13 Stuffed Focaccia for the table.
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Elk River Club home hits the market at $1.6M. The exclusive private club with signature Nicklaus golf course has only 245 members.
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Dumpster business for sale asking $3.5M. Revenue $2.9M. Cash flow $740K. 9 employees. Owner retiring after 36 years.
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Former Dandelion Market space now available for lease. 6,930 square feet across 3 floors. Listing agent James Craig.
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HOUSEKEEPING
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“Briar Farm” featured in Southern Living asks $4.5M and I can’t stop Zillow stalking it
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Federal-style architecture with "exceptional craftsmanship"
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For sale: Fort Mill home named Briar Farm just hit the market at $4.5M. It’s spectacular.
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Mary and Troy Ludemann, owners of design-build firm New Old, built it as their dream family farmhouse on a pine-filled 6-acre property.
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It’s inspired by sprawling countryside homes in Virginia and Connecticut, but only 27 minutes from Uptown.
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Programming note: No newsletter next week, I’ll be celebrating Masters week ⛳🏌️.
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Happy Thursday! I’m heading to Uchiba on Saturday night. I plan on sipping a rooftop Old Fashioned while taste testing their popular $8 Tiger Cry Eggplant Bao, $10 Wagyu Slider, $22 Tuna Tartare, and $18 Crispy Shrimp Lettuce Wraps.
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– Ted
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MONEY POLL
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Which type of Charlotte restaurant would you be more likely to invest in?
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Last week’s poll results: Do you plan to visit Club West within the next 90 days? (13,469 subscribers)
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