Andy DeFrancesco is a Canadian native who has become world-famous for his investment skills as nobody can take such risky and well-calculated risks simultaneously. It seems that taking risks for Andy DeFrancesco is nothing more than a routine task.
“Taking risks was never a problem. Learning management took discipline,” said DeFrancesco. Starting as an equity trader, he became a banker and joined well-reputed firms as a fund manager in numerous companies, including Merrill Lynch Canada and Canaccord Genuity.
While investing in a project that was nothing less than a “confirm-loss,” many people reacted that he lacked the knowledge of profitable investments. He was incurring a guaranteed loss, but things turned out to be otherwise as he made a good fortune from those investments.
HOW MANY SECTORS HAS ANDY DEFRANCESCO EXPLORED?
It might not be wrong to call him a successful all-rounder investor because whatever sector he invests in is profitable. Below mentioned are some of his perilous but profitable investments.
Undoubtedly, Andy DeFrancesco has more than 20 years of experience, making him an outgoing investor, even though he was efficacious even in the earlier stages of his life.
In 2006, DeFrancesco decided to invest in Colombia’s oil sector- a country full of violence and drug mafia- and many people criticized his decision. Similarly, he gambled on a little gold mine in the northern part of Ireland where other investors were not willing to invest. The outcomes of these two investments shocked everyone as he made an unexpectedly high return fortune.
With around 26 years of experience in capital investments, Andy DeFrancesco touched several other sectors as well, and one of them is food and beverage. Moreover, he learned how to establish well-reputed brands by investing in the food and beverages sector.
Andy DeFrancesco has also invested in Cannabis, including private and public trade places. Remember that these investments are legal; moreover, they have been granted permission by law and enforcement agencies. Apart from Cannabis, DeFrancesco pays a lot of attention to protecting the environment and has made investments in many such projects that range from energy-efficient crypto to electric vehicles.
Currently, he is the CEO and Chairman of House of Lithium, which targets businesses that fight for the green revolution.
Since he has invested in many sectors, including Cannabis, Electric Vehicles, and food and beverages, DeFrancesco knows how to take risks and their rewards.
THE JOURNEY OF A SUCCESSFUL CANADIAN NATIVE INVESTOR
In an interview, while talking about his childhood memories, he mentioned that taking risks and overcoming threats have been part of his life since childhood. Furthermore, as a child, he would always try to break his previous speeding records on the bike, which landed him several times in hot water, but “The rush for the win was worth the risk,” Andy DeFrancesco said.
When asked about the reason behind entering the food and beverage business, he said that after working for several years for a client in the same sector. He saved sufficient money to start his own business, and upon sharing the idea with his client- Surrey Brothers, they seconded his opinion and asked him to work on a partnership which they did. Today it’s been more than 20 years since the business has been running successfully.
“It’s a margin business, and costs are everything. From the lease, build costs, staff, and marketing. EBITDA is critical.” DeFrancesco added, “Net Income is more critical so be careful using debt early in the game. Bad Food or Bad Service = Bad Experience and the power of social media today that can drive or kill the greatest food concept today.”
DEFRANCESCO’S ADVICE FOR NEW INVESTORS
Conferring to DeFrancesco, it is always important to know what you can lose without regret and invest that amount in whatever project you find profitable; however, it is imperative to gain access to the books and records of that business.
Since most startups fail, there is a greater probability of losing the money you want to invest in new ventures. For that specific reason, DeFrancesco suggests investing a spare proportion of the money, and it seems logical too because it won’t affect our current income sources.
GREEN ENVIRONMENT INITIATIVES AND DEFRANCESCO REACTION
More recently, the world has witnessed hazardous climate changes, including drought, food scarcity, soil erosion, unexpected rains, and storms in significant parts of the world, alerting governments and businesses. In response to that, governments devised environment-friendly laws and, at the same time, educated people regarding the impacts of climate change; that’s where most businesses started investing in environment-friendly initiatives, just like Andy DeFrancesco.
According to recent reports, he is interested in environment-friendly projects and firmly believes that the future lies in electric motorcycles, electric kick scooters, e-bikes, and so on. No doubt there were already businesses that targeted the same niche, but during Covid-19, this process was further accelerated and now there is enough space for newcomers.
Moreover, various investors try coping with Elon Musk, who has made an extremely big name in the tech niche. Still, Andy DeFrancesco is not one of them because he does not aim to produce electric cars and SUVs, but he is looking to target small electric transportation means such as motorcycles. And in a statement, he expresses his views in this regard by saying “I want to be the guy that backed the modern day Harley Davidson, Kawasaki, Donzi or Mac Truck while making stockholders a ton of money along the way.”
HOUSE OF LITHIUM-SMALL ELECTRIC TRANSPORTATION MEANS
House of Lithium is the subsidiary company of SOL Global, and Andy DeFrancesco is its chairman and CEO. This company primarily looks for investing and managing companies involved in the electric transportation value chain.
So far, the company has offered to fund Tevva Motors Ltd, Reby Inc, Switch Motorcycles, Damon Motorcycles Inc., and Simply EV. Moreover, the companies are known as the leaders of the “green revolution.”
The reason “House of Lithium” seems to be a successful venture in the future is that the coming generations will be more inclined toward a small purchases; in other words, they would be more conservative while spending money and prefer avowing big purchases.
Thank you for reading!
