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Our teacher today is Will Thorndike, co-founder of Compounding Labs and author of the acclaimed book, “The Outsiders.” In our opinion, Will has emerged as one of the most influential and innovative investor minds of the past few decades. And if you care about long-term value creation and the art of capital allocation, chances are you've also benefited from some of his ideas. In 1994, he founded Housatonic Partners, a pioneering private equity firm known for its unusually long holding periods and its leadership in the search fund space alongside his mentor and Stanford professor Irv Grousbeck. Will helped to originate the modern search fund model, backing early career CEOs to buy and grow businesses with long-term horizons and radically aligned incentives. Since then, he has invested in the majority of the top 20 search fund outcomes to date, including Asurion, which he recently profiled on his podcast 50X. We explore Will's full arc from the research that led to “The Outsiders” to his decades as an investor to the new frontier he's now helping to shape. We talk about what makes a business truly enduring, why great leadership and resource allocation remain so misunderstood, and how the right people, structure, and alignment enable companies to compound over time. Please enjoy this class with Will Thorndike. For the full show notes, transcript, and links to mentioned content, check out the episode page here. —-- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to The Joys of Compounding (00:00:57) Introducing Will Thorndike (00:03:35) The Rise of Long Duration Serial Acquisition Holding Companies (00:07:25) The 50X Podcast Journey (00:16:29) The Origins of Will's Investing Career (00:18:11) Stanford's Influence and Key Mentors (00:23:48) The Search Fund Model Explained (00:39:18) The Outsiders: From Concept to Acclaim (00:46:33) The Influence of Leverage and Share Buybacks (00:47:30) Personal Reflections on the Book's Impact (00:52:54) Experiments in Public Markets: CNX and Perimeter (00:58:35) The Evolution of Inorganic Growth Models (01:02:52) The Power of Long-Term Ownership (01:14:52) The Importance of Relationships and Learning
Today, we are dropping a special episode in the Invest Like the Best Feed. 50X is back, a fan favorite series from Will Thorndike and the team at Compounding Labs. Will's book, "The Outsiders," is one of the best business and investing books that you'll find. You'll hear him continuing his work in the hosting chair as he looks in detail at investments that have appreciated at least 50-fold.Season two features Asurion. Colossus is excited to partner with Will as he sits down with the management and investors behind this legendary investment. We kick off this special drop with a short interview that I did with Will on everything he learned studying this business, followed by the full three-part series. Learn more and dive into our research at 50xpodcast.com —- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. — This episode is brought to you by Oberle. Oberle is a specialty insurance brokerage providing insurance services to search funds, independent sponsors, family offices, and private equity firms. Oberle supports its clients with a comprehensive insurance due diligence covering a wide range of items, including commercial insurance, Employee Benefits, key person life insurance, and reps and warranty coverage. Additionally, Oberle has a thriving personal lines practice, designed for entrepreneurs seeking a higher-level service and expertise when it comes to insuring one's home, vehicles, and valuables. If you're interested in connecting with the Oberle team: https://oberle-risk.com/50x — This episode is brought to you by System Six, a searcher-owned outsourced bookkeeping and accounting services firm that has been a great partner to us at Compounding Labs. With the right modern tools and a strong team, System Six will eliminate headache for you and give you time back so you can focus on growing your business. Whether you're a CEO or CFO stuck in the weeds, or an investor trying to support your CEOs and portfolio companies, reach out to hello@systemsix.comand mention the podcast for your first month of ongoing bookkeeping free. —- 50X is a property of Colossus, LLC. For more episodes of 50X, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @50Xpodcast | @joincolossus Show Notes (00:00:00) Welcome to 50X (00:04:52) Patrick interviews Will Thorndike (00:18:16) The Early Days (‘95-‘01) with Kevin Taweel (01:24:44) The Flywheel Era (‘01-‘07) with Kevin Taweel (02:24:32) Retracing the Path to 100 times 50x with Irv Grousbeck
Today's episode is the finale of our season on Asurion, the world's leading tech care company with more than 300 million customers. In an interview with legendary long-time director, Irv Grousbeck, we discuss Irv's path to investing in Asurion, his stewardship across several cohorts of PE ownership, and compare Asurion to Irv's previous power law experience at Continental Cable. Learn more and dive into our research at 50xpodcast.com For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. — This episode is brought to you by Oberle. Oberle is a specialty insurance brokerage providing insurance services to search funds, independent sponsors, family offices, and private equity firms. Oberle supports its clients with a comprehensive insurance due diligence covering a wide range of items, including commercial insurance, Employee Benefits, key person life insurance, and reps and warranty coverage. Additionally, Oberle has a thriving personal lines practice, designed for entrepreneurs seeking a higher-level service and expertise when it comes to insuring one's home, vehicles, and valuables. If you're interested in connecting with the Oberle team: https://oberle-risk.com/50x —- 50X is a property of Colossus, LLC. For more episodes of 50X, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @50Xpodcast | @joincolossus Show Notes (00:00:00) Welcome to 50X (00:01:19) Sponsorship: Ramp (00:02:36) Sponsorship: Oberle (00:04:08) Irv Grousbeck Introduction (00:06:53) Irv's Background with Continental Cablevision (00:12:39) Meeting Kevin and Jim (00:16:52) Investing in Road Rescue (00:23:06) Early Success: Hold or Sell — Pivotal Moment? (00:27:30) TA Investment (00:30:29) Building the Team (00:35:49) Capital Allocation in the Search Fund Period (00:38:53) The Lock/line Acquisition (00:45:07) 2007 Equity Recap (00:47:22) Board Dynamics (00:52:23) Irv's Asurion Investment (00:53:43) Lessons in Management (00:55:28) Comparing Continental and Asurion
Today's episode is the second in a series of three on Asurion, the world's leading tech care company with more than 300 million customers. In an interview with Co-Founder and Chairman Kevin Taweel, we dive deep into Asurion's divinely discontent culture, hyper-rational approach to talent management, growth over $1 billion in sales, and transformational acquisition of Lock/line. Learn more and dive into our research at 50xpodcast.com For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. — This episode is brought to you by Oberle Risk Strategies. Oberle is a specialty insurance brokerage providing insurance services to search funds, independent sponsors, family offices, and private equity firms. Oberle supports its clients with a comprehensive insurance due diligence covering a wide range of items, including commercial insurance, Employee Benefits, key person life insurance, and reps and warranty coverage. Additionally, Oberle has a thriving personal lines practice, designed for entrepreneurs seeking a higher-level service and expertise when it comes to insuring one's home, vehicles, and valuables. If you're interested in connecting with the Oberle team: https://oberle-risk.com/50x —- 50X is a property of Colossus, LLC. For more episodes of 50X, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @50Xpodcast | @joincolossus Show Notes (00:00:00) Welcome to 50X (00:01:19) Sponsorship: Ramp (00:02:36) Sponsorship: Oberle Risk Strategies 00:04:08) Asurion Rebranding (00:05:58) Building the Team (00:15:39) Building the Culture (00:23:04) Talent and Compensation (00:31:51) Giving Back: Compassion Forward Program (00:36:26) Customer Concentration (00:41:07) Crisis Management (00:42:56) Strategy by Experimentation (00:43:08) Acquiring Lock/line (00:51:44) Integrating Lock/line (00:54:12) Capital Allocation in the TA Period (00:59:11) 2007 Equity Recap
Today's episode is the first in a series of three on Asurion, the world's leading tech care company with more than 300 million customers. In an interview with Co-Founder and Chairman Kevin Taweel, we explore Asurion's scrappy origins in roadside assistance, acquisitive entry into handset insurance, contentious capital allocation decisions, and much more. 50X is a podcast that dissects the anatomy of extraordinary long-term investments. The show is hosted by Will Thorndike and the team at Compounding Labs, and brought to you in partnership with Colossus. In each episode of 50X, we look in detail at an investment that has appreciated at least 50-fold. From the seat of the professional investor and occasionally the CEO, we explore its origins, evolution, and eventual outcome, studying key themes around long-term value creation ranging from operations, capital allocation, and culture to pivotal buy and sell decisions. To enhance the quality and depth of our interviews, we rigorously study each asset in advance, diving into all available public and private resources. Learn more and dive into our research at 50xpodcast.com For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. — This episode is brought to you by System Six, a searcher-owned outsourced bookkeeping and accounting services firm that has been a great partner to us at Compounding Labs. With the right modern tools and a strong team, System Six will eliminate headaches for you and give you time back so you can focus on growing your business. Whether you're a CEO or CFO stuck in the weeds, or an investor trying to support your CEOs and portfolio companies, reach out to hello@systemsix.com and mention the podcast for your first month of ongoing bookkeeping free. —- 50X is a property of Colossus, LLC. For more episodes of 50X, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @50Xpodcast | @joincolossus Show Notes (00:00:00) Welcome to 50X (00:01:19) Sponsorship: Ramp (00:02:36) Sponsorship: System Six (00:03:44) Introduction to Kevin and Asurion (00:05:15) Kevin's Background Pre-Asurion (00:12:51) Origin of Kevin's Search Fund (00:19:11) Acquiring Road Rescue (00:27:23) Operating Road Rescue (00:38:41) Early Success: Hold or Sell — a Critical Early Decision? (00:44:11) Entry into Handset Insurance: Acquiring the Merrimac Group (00:51:51) Vertical Integration (00:57:51) Capital Allocation in the Search Fund Period (01:01:51) TA Investment
Nate Woodbury shares his powerful "Leaf Strategy" for YouTube marketing that generates predictable leads and revenue for businesses by targeting specific long-tail search queries.• YouTube is now the #1 way to grow your brand, especially before you're ranking at the top of Google search• Nate pivoted to YouTube after discovering videos getting 50X more views than #1 ranked Google pages• The "Leaf Strategy" involves identifying ultra-specific 8-10 word questions your audience is asking• Focus first on questions with lower search volume to build authority in a specific niche• Videos answering specific questions can rank at the top of YouTube within 1-2 days• Create 10-12 minute videos that thoroughly answer questions without scripts• Include hooks at the beginning and strong call-to-action at the end directing to another video or lead magnet• Case study: Real estate coach grew from $1M to $6M business by switching from Facebook ads to YouTube• Use SEMrush's Keyword Magic Tool to find specific question-based queries• Create content based on what people are actively searching for to future-proof your strategy-----Guest Contact Information: https://theleafstrategy.com/https://www.youtube.com/c/natewoodbury—----------More from EWR and Matt:Leave a Review if it was content you enjoyed: https://g.page/r/CccGEk37CLosEB0/reviewFree SEO Consultation: https://www.ewrdigital.com/discovery-callOne-on-One Consulting: https://www.ewrdigital.com/digital-strategy-consulting/private-consulting-session—The Unknown Secrets of Internet Marketing podcast is a podcast hosted by Internet marketing expert Matthew Bertram. The show provides insights and advice on digital marketing, SEO, and online business. Topics covered include keyword research, content optimization, link building, local SEO, and more. The show also features interviews with industry leaders and experts who share their experiences and tips. Additionally, Matt shares his own experiences and strategies, as well as his own successes and failures, to help listeners learn from his experiences and apply the same principles to their businesses. The show is designed to help entrepreneurs and business owners become successful online and get the most out of their digital marketing efforts.Find more great episodes here: https://www.internetmarketingsecretspodcast.com/ https://seo-podcast-the-unknown-secrets-of-internet-marketing.buzzsprout.comFollow us on:Facebook: @bestseopodcastInstagram: @thebestseopodcastTiktok: @bestseopodcastLinkedIn: @bestseopodcastPowered by: ewrdigital.comHosts: Matt Bertram Disclaimer: For Educational and Entertainment purposes only.Support the show
50X is back for Season 2! This season centers on Asurion, the world's leading tech care company with over 300 million customers. Hosted by Will Thorndike, author of The Outsiders and a co-founder at Compounding Labs, 50X aims to dissect the anatomy of investments that have appreciated at least 50-fold. We track the often circuitous route to exceptional long-term returns, exploring the foundations of value creation and how that rarest of investment commodities—conviction—is created, maintained, threatened, and sometimes lost. Episode One with Co-Founder and Chairman of Asurion, Kevin Taweel drops next Wednesday.
Nuggets-Clippers Game 1 is on Saturday as Nikola Jokic, Jamal Murray, Russell Westbrook and Denver start their road through the NBA playoffs. Harrison Wind, Brendan Vogt and Eric Wedum give their final series predictions, go through the series' biggest X-factors and give practice notes from Friday.Start - 0:00A vibes survey - 2:30Practice notes - 9:00Take aways from Jokic - 18:15Adelman on Strawther - 21:05Who is the playoff rotation - 21:40Jok on Zubac - 24:30Series Prediction - 34:50X-factors - 45:00AG on Kawhi - 54:45AG on Jokic - 59:15Superchats - 1:03:00Our best Diehard deal! Just $3 A Month https://www.thednvr.com/intro-offer-youtubeAn ALLCITY Network ProductionPARTY WITH US: https://thednvr.com/eventsALL THINGS DNVR: https://linktr.ee/dnvrsportsBALL-KNOWER BONUS/Merch: https://promotion.allcitynetwork.com/promotions/store.allcitynetwork/7d48d294-4260-4bac-aca1-9a18eef8ca78SUBSCRIBE: https://www.youtube.com/c/DNVR_SportsBUY GOLDEN ERA: https://www.triumphbooks.com/golden-era-products-9781637273692.php?page_id=21Raising Cane's Rooftop Fridays: https://thednvr.com/event/friday-rooftop-club-at-coors-field-presented-by-raising-canes/ Monarch Money: Use Monarch Money to get control of your overall finances with 50% off your first year at https://www.monarchmoney.com/dnvrbet365: Go to https://www.bet365.com/hub/en-us/app-hero-banner-1?utm_source=affiliate&utm_campaign=usapp&utm_medium=affiliate&affiliate=365_03485318 or use code DNVR365 when you sign up. Must be 21+ and physically located in CO. Please gamble responsibly. If you or someone you know has a gambling problem and wants help call or TEXT 1-800-GAMBLERUCHealth: Learn more about Living Like There's A Tomorrow at https://www.uchealth.org/tomorrow/?utm_source=DNVR&utm_medium=Audio&utm_campaign=Brand_LLTIAT_Null_JFMFY25_AW_NullGo to https://millerlite.com/dnvr to find delivery options near you. Or you can pick up some Miller Lite pretty much anywhere they sell beer. Tastes like Miller Time. Celebrate Responsibly. Miller Brewing Company, Milwaukee, Wisconsin.Rugged Road: Gear up for your next adventure with Rugged Road Coolers - Your ultimate outdoor companion! Head to http://ruggedroadoutdoors.pxf.io/ALLCITY and use code DNVR for 10% off!Download the Gametime app, create an account, and use code DNVR for $20 off your first purchase. Terms apply.Exclusively for our listeners, Shady Rays is giving out their best deal of the season. Head to https://shadyrays.com and use code: DNVR for 35% off polarized sunglasses. Try for yourself the shades rated 5 stars by over 300,000 people.Get 10 FREE meals at https://hellofresh.com/freenuggets. Applied across 7 boxes, new subscribers only, varies by plan.When you shop through links in the description, we may earn affiliate commissions.Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing.#Nuglife
Are your sales activities actually leading to more sales? Or just more effort?In today's episode, we're breaking down the #1 sales shift that 50X's results without increasing your hustle.Here's the truth: 90% of sellers, coaches, and service-based businesses are focused on the wrong activities. They're creating more content, adjusting their offers, discounting prices, and spending all their time on marketing and visibility—instead of the specific sales activities that put dollars and cents in their bank account.Inside this episode, we'll cover:✅ What the biggest sales gap actually is (and why most sellers don't even know they have it)✅ The critical difference between marketing, business activities & sales (and why this matters for conversion)✅ Why content alone won't drive sales in 2025 (and what WILL)✅ How to build and leverage a Buyer's List for 50% less effort, higher-quality leads, and more consistent revenue✅ Why trust is the real currency of sales in 2025 (and how to increase it to drive immediate conversions)If you're ready to shift your focus to the right activities and close more sales with less effort, this episode is for you.______________If this resonates with you, I invite you to my upcoming workshop where I'll help you build your own "Sales Pipeline Machine" and show you how to generate consistent, scalable sales. Register for today and learn how to eliminate inefficiencies and scale your sales in any economy.______________Book your 2 hour Sales Accelerator VIP with Ann______________
Mastering Talent Acquisition: Insights on Effective Hiring PracticesIn the latest episode of the Thoughtful Entrepreneur Show, the host delves into the complexities of talent acquisition with Fletcher Wimbush, the founder and CEO of Discovered AI. This episode is a goldmine of insights for businesses facing hiring challenges and aiming to enhance their talent acquisition strategies. We summarize the key takeaways, offering actionable advice and detailed explanations to help you improve your hiring processes.The host begins by stressing the crucial role of effective hiring in business success and introduces Fletcher Wimbush, who brings over a decade of experience in talent acquisition. The episode explores the costs of mediocre hires and the advantages of modern, data-driven hiring practices. Fletcher discusses the "mushy middle," where businesses are burdened with underperforming employees who neither excel nor warrant termination, leading to significant financial and cultural impacts. He advises implementing regular performance reviews, setting clear expectations, and using data-driven decisions to mitigate these issues.Fletcher emphasizes the need for modern hiring practices, moving beyond traditional methods like job boards. He advocates for proactive talent acquisition through employee referrals and technology utilization. Fletcher explains how Discovered AI connects businesses with diverse talent sources, enabling them to build a robust candidate pool. He highlights the importance of building a talent bench, akin to a CRM system for potential hires, and offers resources through Discovered AI, including a free account and e-learning courses. By leveraging technology, nurturing potential candidates, and adopting data-driven strategies, businesses can significantly enhance their hiring outcomes and drive success.About Fletcher Wimbush:Fletcher Wimbush, the transformative CEO of Discovered Performance Hiring Software has dedicated a decade to tackling hiring's hardest problems. A thought-leader in his field, he's published extensively on reference checking, aptitude assessments, and AI's role in candidate selection. His FACT Driven Hiring System drives million-dollar results, proving his role as a game-changer in the hiring field. Fletcher's reach extends beyond organizations to individuals, facilitating thousands of successful careers. As an ethical AI proponent, he's pioneering AI-powered initiatives for talent selection. Fletcher's transformative approach to hiring is not just rewriting the rules; it's setting a whole new standard.About Discovered:Fletcher Wimbush created the Discovered F.A.C.T.S. - Driven Performance Hiring based on more than 10,000 interviews and backed by academic studies. Never has there been a better time to take that "Hiring A-Players That Fit" course here.This 12-week program will deliver 10-50X more applicants, higher candidate quality, lower turnover by 50 to 90% and will result in consistently more A player hires who get up to speed and produce better results faster.Apply to be a Guest on The Thoughtful Entrepreneur: https://go.upmyinfluence.com/podcast-guestLinks Mentioned in this Episode:Want to learn more? Check out Discovered's website athttps://www.discoveredats.com/Check out Discovered on LinkedIn athttps://www.linkedin.com/company/the-hire-talent/Check out Fletcher Wimbush on LinkedIn athttps://www.linkedin.com/in/fletcher-wimbushDon't...
Your wife is disgusted with you and your kids don't see you as their hero. Brutal? Perhaps. But that's what sparked the most controversial sales guru on the internet to 50X his income and build a 9-figure empire. I sat down with Andy Elliott, founder of the Elliott Group, one of the most savage forces in personal development. From grinding as a car salesman with $5 to his name to building a sales training empire reaching 100M+ viewers monthly, Andy's transformation exposes why most "successful" people are full of sh*t. We rip apart every excuse you've been telling yourself about success. From cold hard truths about marriage to why your bank account won't fix your broken family life. Andy goes into detail about how his wife absolutely shattered his ego which kicked off a complete reinvention of his standards in every area of life. He gives the exact blueprint for building a business empire while keeping your soul intact. If you're ready to stop settling and face what it really takes to change everything, this episode will wake you the f*ck up. Drop a like and hit subscribe if this hits home for you. Enjoy. Download Michael's FREE Success Blueprint! If you're feeling stuck, overwhelmed, or unsure how to hit your next big goal, this 15-Page Practical Guide will help you. This is the exact framework Michael uses to help high performers reclaim their energy, clarity, and MOJO.
Inspiring in-depth interview with Dr Tom Lee, founder of Hopmedic, a telehealth and locum job portal.His medicine and entrepreneurial journey has been ups and downs. •big life decision to move from NZ to Australia, to pursue dream of medical school •shock when entering junior doctor workfoce •locum opportunities •active trading: shorting the share market, and making 50X returns •personal portfolio, including crypto •businesses (hint: pivoting leads to success)- ranging from sneakers, to arancini balls, to a mobile app that delivered CBT therapy for pre and post-operative pain. •Hopmedic, hitting 1 million in revenue in 6 monthsReach out to Tom on Linkedin, and find out more about his company here: Hopmedic ⋅ Best jobs from top agencies in one placeMusic Credit: Bass Nation.Send in your questions to: passiveincomedoctors[AT]gmail.com
Disclaimer: This video is intended solely for educational purposes and opinions shared by the guest are his personal views. We do not seek to defame or harm any person/ brand/ product/ country/ profession mentioned in the video. Our goal is to provide information to help audience make informed choices. Follow Our Whatsapp Channel: https://whatsapp.com/channel/0029VaokF5x0bIdi3Qn9ef2J Subscribe To Our Other YouTube Channels:- https://www.youtube.com/@rajshamaniclips https://www.youtube.com/@RajShamani.Shorts
Our 187th episode with a summary and discussion of last week's big AI news, now with Jeremie co-hosting once again! With hosts Andrey Kurenkov (https://twitter.com/andrey_kurenkov) and Jeremie Harris (https://twitter.com/jeremiecharris) Read out our text newsletter and comment on the podcast at https://lastweekin.ai/. If you would like to become a sponsor for the newsletter, podcast, or both, please fill out this form. Email us your questions and feedback at contact@lastweekinai.com and/or hello@gladstone.ai Timestamps + Links: (00:00:00) Intro / Banter (00:03:07) Response to listener comments / corrections (00:05:13) Sponsor Read) Tools & Apps(00:06:22) Anthropic's latest AI update can use a computer on its own (00:18:09) AI video startup Genmo launches Mochi 1, an open source rival to Runway, Kling, and others (00:20:37) Canva has a shiny new text-to-image generator (00:23:35) Canvas Beta brings Remix, Extend, and Magic Fill to Ideogram users (00:26:16) StabilityAI releases Stable Diffusion 3.5 (00:28:27) Bringing Agentic Workflows into Inflection for Enterprise Applications & Business(00:32:35) Crusoe's $3.4B joint venture to build AI data center campus with up to 100,000 GPUs (00:39:08) Anthropic reportedly in early talks to raise new funding on up to $40B valuation (00:45:47) Longtime policy researcher Miles Brundage leaves OpenAI (00:49:53) NVIDIA's Blackwell GB200 AI Servers Ready For Mass Deployment In December (00:52:41) Foxconn building Nvidia superchip facility in Mexico, executives say (00:55:27) xAI, Elon Musk's AI startup, launches an API Projects & Open Source(00:58:32) INTELLECT-1: The First Decentralized 10-Billion-Parameter AI Model Training (01:06:34) Meta FAIR Releases Eight New AI Research Artifacts—Models, Datasets, and Tools to Inspire the AI Community (01:10:02) Google DeepMind is making its AI text watermark open source Research & Advancements(01:13:21) OpenAI researchers develop new model that speeds up media generation by 50X (01:17:54) How much AI compute is out there, and who owns it? (01:25:28) Rewarding Progress: Scaling Automated Process Verifiers for LLM Reasoning (01:33:30) Inference Scaling for Long-Context Retrieval Augmented Generation Policy & Safety(01:41:50) Announcing our updated Responsible Scaling Policy (01:48:52) Anthropic is testing AI's capacity for sabotage (01:56:30) OpenAI asked US to approve energy-guzzling 5GW data centers, report says (02:00:05) US Probes TSMC's Dealings with Huawei (02:03:03) TikTok owner ByteDance taps TSMC to make its own AI GPUs to stop relying on Nvidia — the company has reportedly spent over $2 billion on Nvidia AI GPUs (02:06:37) Outro
Na de chaos van vorige week op Bitcoin Amsterdam keren we deze week terug in onze vertrouwde digitale studio. We blikken met Sebastiaan van Erne kort terug op de conferentie. Daarna gaan we door met het nieuws, want er is genoeg te bespreken: een mogelijk datalek bij Strike, het onderzoek van JPMorgan naar Amerikaanse miners, de memecoin supercycle en het drama rondom mempool.space. We sluiten zoals altijd af met een marktupdate van Bert. Stem op Satoshi Radio voor de podcast awards! Probeer Bitcoin Alpha 2 weken gratis! Satoshi Radio wordt mede mogelijk gemaakt door: Amdax, Watson Law, HVK Stevens en onze hoofdsponsor Bitvavo. Timestamps (00:00:00) Welkom en Podcast Introductie (00:05:00) Bitcoin Amsterdam nabespreken (00:35:00) Bookmark van Peter: Gegevens van Strike-gebruikers gelekt? (00:40:00) Bookmark van Bert: JPMorgan: US listed bitcoin miners doen 29% van de hashrate (00:50:00) Bookmark van Bert: Bitwise: “Not bad for a pet rock” (00:58:00) Bookmark van Bert: Hougan: “Ethereum is the best contrarian bet in crypto right now” (01:26:00) Bookmark van Bart: Mempool.space onderwerp van heftig debat (01:44:00) Marktupdate (02:20:42) Einde Bookmarks Bert:JPMorgan: US listed bitcoin miners doen 29% van de hashrateBitwise: “Not bad for a pet rock”Hougan: “Ethereum is the best contrarian bet in crypto right now” Bart:Blockstream haalt $210 miljoen opMempool.space onderwerp van heftig debat“Mempool now shows decoded Runestones”YOU'RE NOT A REAL ORDINALS ENJOYER IF YOU'RE NOT SUPPORTING @MEMPOOLOrdinals, Inscriptions, and Runestones ARE NOT BITCOIN and DO NOT EXIST on Bitcoin's blockchain.83% van de pools doen mee aan de mempool accelerator‘Three graphics on Runes'‘3% for BTC is a 50X for the entire Rune category'‘Only future Millionaires will like this tweet' Peter:Gegevens van Strike-gebruikers gelekt?
Alena is the TON Foundation Ecosystem Lead. In this episode, we explore TON (The Open Network) and how this blockchain designed by Telegram grew 50X this year! Alena shares how TON leverages the distribution of 900M Telegram downloads to onramp new users to their ecosystem of dApps, what's the long term vision behind TON, and how to start earning incentives in The Open League as a TON DeFi user. ------
In the second of our comprehensive Euro 2024 group previews, Alec, Tomás and Alex discuss Groups C and D.Alex is worried about England's centre-back options, Alec thinks Denmark are still packed full of talented players and we find out about the Serbia manager's intriguing nickname. There's a lot of love for Slovenia forward Benjamin Sesko, who Tomás says will be in the shop window this summer.Kylian Mbappé heads up France's stars, but they could be pushed by the Netherlands in Group D — if Ronald Koeman's defensively excellent side can find someone to score the goals. Poland have no problem with that — as long as Robert Lewandowski is playing. Meanwhile, Alec lets us in on an unusual motivational present from Austria coach Ralf Rangnick to his players.GROUP C: 1:20
Episode 573: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Jeremy Giffon about how Tiny Capital turned $5M in equity into 30 profitable companies. Want to see Sam and Shaan's smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Humble beginnings at Tiny Capital (4:40) Tiny's first acquisition (8:17) 50X return on Dribbble (10:14) Skip the cash flow statements (11:57) How to spot the opportunity (14:00) Chris's superpower (16:20) Stomaching aggressively low offers (17:46) Make an offer and stop talking (19:36) It's not you vs. them (22:06) "What would need to be true to make this deal?" (23:03) How to crush the cold email (25:15) Worst deal -- ignored red flags, lost everything (27:00) Best deal: Mealime (25X return) (29:16) Weirdest deal ($36.00 acquisition) — Links: • Tiny Capital - https://www.tiny.com/ • Dribbble - https://dribbble.com/ • Metalab - https://www.metalab.com/ • Mealime - https://www.mealime.com/ — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it's called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
This is Matt Reustle. Today we are breaking down HEICO. HEICO is an aerospace business, most notably operating in the aircraft parts and repairs market. This is another case study of a very successful business in a nonobvious niche market. To break down HEICO, I am joined by Eric Ruden, an analyst at Ironvine Capital. We cover the fascinating story of the Mendelson family and how they've built HEICO into what it is today. And if you haven't listened to the 50X Podcast on TransDigm, it makes for an excellent pairing with this HEICO breakdown. So please enjoy this breakdown on HEICO. Pair with TransDigm on 50X. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by 10 East. 10 East is a platform where qualified investors can co-invest on a deal-by-deal basis across private equity, private credit, real estate ventures, and other one-off opportunities typically unavailable through traditional channels. It's no surprise that founders, executives, and portfolio managers from leading investment firms are using 10 East to diversify their personal portfolios. Their level of sourcing and diligence is institutional grade. To learn more, check out 10east.com. ----- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @JoinColossus | @patrick_oshag | @zbfuss | @ReustleMatt | @domcooke Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:02:53) First Question - Understanding the Aerospace Market (00:06:58) The Role of HEICO in the Aerospace Market (00:15:03) The History and Evolution of HEICO (00:20:23) Introduction to Mendelson Brothers and their Business Operations (00:22:58) The PMA Business and its Growth Drivers (00:28:49) The Role of HEICO's Go-to-Market Strategy Against OEMs (00:40:05) The Role of M&A in HEICO's Growth Strategy (00:43:46) Comparing HEICO and TransDigm (00:48:35) HEICO's Financial Model (00:50:06) Potential Risks and Challenges for Heico (00:57:55) Key Lessons from Heico's Business Model Learn more about your ad choices. Visit megaphone.fm/adchoices
Wellness + Wisdom | Episode 587 How does bioavailability affect nutrient absorption? Chriss Kresser, Nutritionist and Founder of Adapt Naturals, joins Josh Trent on the Wellness + Wisdom podcast, episode 587, to talk about the importance of consuming bioavailable nutrients, why we are not getting enough nutrients even if we have a healthy and balanced diet, the factors that influence our gut health, and what contributes to autoimmune disease. "We have the challenge of our food just not being as nutritious as it used to be because of declining soil quality. We'd have to eat 8 oranges today to get the same level of nutrition that our grandparents got from just eating 1 orange." - Chris Kresser 15% Off Adapt Naturals 15% off with code "WELLNESSFORCE" Embark on a transformative journey with regenerative supplements, designed to tackle a range of health issues at the root — from easing stress to clearing brain fog. TOP ADAPT NATURALS PRODUCTS: • Bio-Avail Multi • Bio-Avail Myco • Bio-Avail Organ • Bio-Avail Omega+ In This Episode, Chris Kresser Uncovers: [01:30] Functional Medicine VS Conventional Medicine Adapt Naturals - 15% off with code "WELLNESSFORCE" Chris Kresser 140 Unconventional Medicine – Chris Kresser Unconventional Medicine: Join the Revolution to Reinvent Healthcare, Reverse Chronic Disease, and Create a Practice You Love by Chris Kresser How Chris launched the ADAPT Health Coach Training Program and Adapt Naturals. How to Eat, Move and Be Healthy! by Paul Chek 492 Robb Wolf | Mental Health Sovereignty: How To Make Your Mind Wise + Strong Amidst Chaos Why conventional medicine is disease management. Functional medicine focuses on prevention and identifying the root cause. [05:30] Reverse Chronic Disease Genetics load the gun but environment pulls the trigger. 90% of chronic disease risk comes from environmental factors. How we can reverse and prevent disease. The awareness about reversing chronic disease and increasing our health span is growing. Dr. Dale Bredessen Why genetics are not the most important factor when it comes to our health. [11:00] Dysfunctional Health Insurance Model How functional medicine is individualized. Why functional medicine is not covered by insurance. Conventional doctors only get 5 minutes per patient. Why fee-for-service is a better insurance model than the current one. [14:45] Finding an Alternative Solution to Curing Disease Chris's experience going through Crohn's disease after surfing in Asia. How he discovered that the medical care in the U.S. wasn't going to help him. Why his recovery was an inspiration to help other people heal. [20:15] What Causes Autoimmune Disease The reason why there's no reliable data about leaky gut. How Josh found solutions to his health problems. Alessio Fasano How intestinal permeability is related to autoimmune disease. Early childhood risks of developing autoimmune disease. How the chemicals in the food and antibiotics affect the intestinal lining. [28:45] The Four Pillars of Gut Health 408 Dr. Michael Ruscio | Hypothyroidism, Thyroid Symptoms, & The Truth About Hypothyroid Why we should be honest with ourselves about what's happening. How breastfeeding affects our children's gut health. Why a nutrient-dense whole food diet is crucial for optimal gut health. How lack of sleep affects intestinal permeability. Stress-response hormones that are released frequently impact the gut. [36:35] Are You Getting Enough Bioavailable Nutrients? Big changes are a result of a series of small changes. What led Chris to develop Adapt Naturals. The challenges we face with our food and nutrients. Why we're not absorbing enough nutrients from the foods we eat. [43:40] Live + Eat Like Our Ancestors Why we should shop locally at a farmers' market. The benefits of sleeping in a cool dark room. How Adapt Naturals blends superfoods to replenish essential nutrients and support the gut. Mushrooms are good for gut health and the immune system. Why mushrooms were only allowed to be used by emperors or priests in ancient Egypt. How probiotics can be inefficient or even cause harm. The ingredients you should avoid in supplements. [55:50] The Benefits of Eating Organs Why many people have trouble absorbing nutrients. The truth about folic acid. The ingredients in Bio-Avail Organ. Why organs provide more nutrients than any other food. Ty Beal Adapt Naturals is real food concentrated in a capsule. [01:02:15] How to Maintain Your Wellness Why organ supplements provide more nutrients than cooked or frozen meat. The reason why NASA dry freezes food for their astronauts. Why we need to pay attention to where our attention goes. 183 Dr. Kyra Bobinet | Living A Well Designed Life: 10 Lessons In Brain Science [spacer height="30px"] Leave Wellness + Wisdom a Review on Apple Podcasts Power Quotes From The Show Why You Should Eat Organ Meat "Organs are the most nutrient-dense foods we can eat. Sometimes 20X, 40X, 50X difference between the amount of nutrients in the liver and other very nutrient dense foods. Native Americans used to throw muscle meats to the dogs and just eat the heart and the liver and the organs themselves." - Chris Kresser Big Changes = A Series of Small Changes "Big changes are often the result of a series of many small changes. We tend to think that in order to make progress, we have to do these big heroic interventions. And I think this is just part of our American mentality - no pain, no gain." - Chris Kresser Intestinal Permeability "If you have an autoimmune disease, it's almost certain that you also have a leaky gut or intestinal permeability. Intestinal permeability is a precondition of developing autoimmunity. And some of the recent statistics suggest that up to 1 in 6 people now have an autoimmune condition." - Chris Kresser Links From Today's Show Adapt Naturals - 15% off with code "WELLNESSFORCE" Chris Kresser 140 Unconventional Medicine – Chris Kresser Unconventional Medicine: Join the Revolution to Reinvent Healthcare, Reverse Chronic Disease, and Create a Practice You Love by Chris Kresser How to Eat, Move and Be Healthy! by Paul Chek 492 Robb Wolf | Mental Health Sovereignty: How To Make Your Mind Wise + Strong Amidst Chaos Dr. Dale Bredessen Alessio Fasano 408 Dr. Michael Ruscio | Hypothyroidism, Thyroid Symptoms, & The Truth About Hypothyroid Ty Beal 183 Dr. Kyra Bobinet | Living A Well Designed Life: 10 Lessons In Brain Science Limited Edition: Gold Pumpkin Spice from Organifi Save 20% with code "WELLNESSFORCE" on everyone's favorite Fall treat is here! Pumpkin Spice is more than just a taste phenomenon: it's a portal directly into the nostalgia of fall. With Gold Pumpkin Spice, that taste can also help promote relaxation and restful sleep, nourish the body, and support nightly recovery from a hard day's work. Click HERE to order your Organifi today including the Green, Red, and traditional Gold! Are You Stressed Out Lately? Take a deep breath with the M21™ wellness guide: a simple yet powerful 21 minute morning system that melts stress and gives you more energy through 6 science-backed practices and breathwork. Click HERE to download for free. Experience Red Light Therapy at HomeSave 10% on your SaunaSpace order with the code "JOSH10" Unlike the traditional methods, near-infrared light works with your body's biology to create radiant heat from the inside out. By using near-infrared's shorter wavelengths in a way that mimics natural sunlight, the light penetrates deeply to raise your core temperature faster. *Review The Wellness + Wisdom Podcast & WIN $150 in wellness prizes! *Join The Facebook Group Josh's Trusted Products | Up To 40% Off Shop All Products Kineon - 10% off with code "JOSH10" Holy Hydrogen - $100 off with code "JOSH" BREATHE - 33% off with the code “PODCAST33” PLUNGE - $150 off with the code “WELLNESSFORCE" SiPhox - 10% off with code "JOSH" SinuSonic - 15% off with "JOSH15" Organifi - 20% off with the code ‘WELLNESSFORCE' QI-Shield EMF Device - 20% off with the code "JOSH" SEED Synbiotic - 30% off with the code "JOSHTRENT" BON CHARGE - 15% off with the code "JOSH15" MANNA Vitality - 20% off with the code "JOSH20" SimplyO3 - 10% off with code "JOSH10" Mendi.io - 20% off with the code "JOSH20" Adapt Naturals - 15% off with code "WELLNESSFORCE" SpectraSculpt - 15% off with the code "JOSH15" SaunaSpace - 10% off with the code "JOSH10" Cured Nutrition CBD - 20% off with the code "WELLNESS FORCE" LiftMode - 10% off with the code "JOSH10" MitoZen - 10% off with the code “WELLNESSFORCE” Paleovalley - 15% off with the link only NOOTOPIA - 10% off with the code "JOSH10" Activation Products - 20% off with the code “WELLNESSFORCE” SENSATE - $25 off with the code "JOSH25" BiOptimizers - 10% off with the code "JOSH10" ION - 15% off with the code ‘JOSH15' Feel Free from Botanic Tonics - $40 off with the code "WELLNESS40" Essential Oil Wizardry - 10% off with the code "WELLNESSFORCE" ALIVE WATERS - 33% off your first order with the code "JOSH33" Earth Runners Shoes - 10% off with code "JOSH10" DRY FARM WINES - Get an extra bottle of Pure Natural Wine with your order for just 1¢ Drink LMNT - Zero Sugar Hydration: Get your free LMNT Sample Pack, with any purchase Free Resources M21 Wellness Guide - Free 3-Week Breathwork Program with Josh Trent Join Wellness + Wisdom Community About Chris Kresser Chris Kresser, M.S., L.Ac, is a practitioner of integrative and functional medicine, the creator of one of the world's most respected natural health sites, ChrisKresser.com, and author of the New York Times best-seller, Your Personal Paleo Code. Widely known for his in-depth research uncovering myths and misconceptions in modern medicine and providing natural health solutions with proven results, his work is frequently cited in national publications such as Time and The Atlantic, on NPR, and on Dr. Oz and Fox & Friends, where he has appeared as a guest. He developed the Personal Paleo Code based on over ten years of research, his own recovery from a debilitating, decade-long illness, and his clinical work with patients. Chris maintains a private practice in Berkeley, California, where he lives with his wife and daughter. Website Instagram Facebook Twitter Youtube
The guys are tackling the big question on every sales manager's mind: Could AI replace me? With wisdom and reassurance, Corey and Chris explore the power of Taylor, an AI sales coach created by grw.ai CEO Alex McNaughton. Taylor provides a judgment-free space for reps to vent frustrations and surface red flags managers miss. As Chris explains, Taylor's conversational skills elicit "confessions" from reps. And for managers worried an AI could do their job better, Alex gently says: "The goal here is to make leaders better...not replace them." So breathe easy sales managers, and get ready to be 10-50X more effective. With the power of AI augmentation Sales Managers will be unstoppable. Join us for this episode, AI Coaching Conversations Elicit Unfiltered Rep Feedback. About Our Guest: Alex McNaughton - CEO/Founder - Grw.ai With a background in B2B sales for both Kiwi startups and US tech giants, Alex is passionate about increasing the level of professionalism & performance in B2B selling globally. Prior to Apprento, through his advisory firm, he trained hundreds of founders, executives and sales professionals and worked across over 130+ ANZ businesses from pre-revenue startups like SafeStack Academy, to growth companies like Rocos to large multinationals like Vodafone, helping them to reduce their sales costs, speed sales cycles, maximize win rates, build out teams, expand into new markets and ultimately generate $10s of millions in new revenues. Links from this episode: Grw.ai Branch49 ConnectAndSell Alex McNaughton on LinkedIn Corey Frank on LinkedIn Chris Beall on LinkedIn
We hear a lot about global warming that is not true. Believing all the negative, it is difficult to be receptive to all the good things happening because of global warming: Fifty different climate models can accurately predict the future. However, 40% are too sensitive, too responsive, and must be thrown out from being obviously wrong. Like weather predictions, they are okay if you don't go far into the future. Breaking them into smaller grids, the models so far get worse and overly sensitive. So, models are handpicked and used to predict doom and gloom. If error bands are added to the predictions it is obvious that more than a few years into the future, the error bands are so large that the models are as worthless as a weather forecast is for next month. We are told there are more hurricanes, and they are getting worse. However, this is no long-term trend, no data to support this. We are told there are record-breaking floods and more of them. However, there is no data to show this is a long-term trend of more and worse floods. Food production is being jeopardized. Food production, however, is at an all-time high. On average, food production across the globe is going up. July 2023, NYC, AZ experience their hottest months on record. So is this proof that global warming is true? Spike in the temperature occurs about every four or five years, but there is no evidence yet that there is any change in the long-term trend. Spikes occur every 4 to 5 years because predictable changes in the earth's orbit and tilt toward the sun. Some definitions Climate change is a trend that occurs over a period of multiple decades. It is average data over a time period of a decade or longer. We can protect our fears when we see a spike in the data that it portends a trend. We have to wait for the data and use the historical data to back our judgments. Models try to predict the future, but in the area of weather and climate change, they are not yet reliable or powerful enough. For example, with the recent records in Az, we need many more data points to conclude anything. El Nino is probably a big driver in the observed temperature spike. Higher CO2 did not cause the spike in isolation and may not have been a major contributor. An example of a True Story that is not being told: Since 1979 the temperature has increased about 0.13 deg C per decade. About the same is predicted for the future going forward. What happened during those 40 years: Population during that time increased by a factor of 5. Life expectancy went from 32 to 73 years. GPD increased 7x. (We definitely need some work on distributing the wealth.) The World literacy increased by 4x. There was a 50X decrease in deaths by weather events And yet, we have been made to feel unsafe. We have dramatically decreased bringing new life into the world in the Western World. We have discounted the possibility that we will be able to continue to adapt as we always have in the past. We are being fed a diet of doom, gloom, and fear. We no longer believe we are amazing in adapting to our environment. We no longer believe in using the most powerful tool in our arsenal to solve our problems: the marketplace. --- Send in a voice message: https://podcasters.spotify.com/pod/show/ancienttexan/message Support this podcast: https://podcasters.spotify.com/pod/show/ancienttexan/support
Multi-channel marketing is all the rage. Most smart e-commerce entrepreneurs know that having one e commerce sales channel is an unacceptable concentration risk for their business. Launching a new ecommerce sales channel seems like the obvious answer. And, just to be clear, we think it is! However, launching a new sales channel or launching a product on a new e commerce marketplace is not without its challenges. Seeing the logic in starting a new sales channel is one thing. But making it work in practice is another. The main thing is to not fall into some classic traps. In today's show, we discuss 5 classic traps (and one “bonus trap”) that e-commerce operators fall into when starting up a new e commerce sales channel. And of course, we discuss how to avoid those mistakes. What you'll learn Why all sales channels are not born equal How amazon.com (US) is different from say amazon.it Some critical differences between Etsy and Shopify How the Math of profitability varies between platforms Some client examples of wrong strategies – and what works best instead How Jason and Cinnamon got 50X the price the competition got – from off-platform marketing! The critical error marketers make when planning the time & effort needed to launch a new sales channel When outsourcing to an expert helps – and when it's a trap (or worse!) Why smart eCommerce entrepreneurs end up discounting their own knowledge The 3 foundations you need to put in place before you launch a new e commerce sales channel How to maximise the chances of success with a new e commerce channel The thing you need to do first before you even start something new Resources Real Real Poshmark Fbmarketplace Offerup Teachable/Kajabi
Andrew McConnell's story is not your typical Silicon Valley fairytale. Born in Birmingham, AL, he was raised in a neighborhood built on a former tobacco field, population ~50,000. Through Stoicism and Southern grit, he managed to graduate Harvard College, Harvard Law School, and University of Cambridge with honors, all while becoming a member of the USA Open Water Swimming National Team, and earning an international Bronze Medal in the process. Entering the work world, Andrew took a while to find his footing, bouncing from banker (Merrill Lynch), to attorney (Eversheds Sutherland), to consultant (McKinsey & Co.), before finally striking out on his own. By deploying the ancient philosophy of Stoicism, Andrew eventually took the company he founded from less than $200,000 in revenue to nearly $10 million in under three years, a 50X increase. Rented is now a two-time Inc. 500 winner, and the growth continues. Andrew has tracked this perilous journey as a regular contributor to Inc., Forbes, USA Today, Huffington Post, Betterment, Skift, and Curbed. He is a Board Member of Sheltering Arms—Georgia's oldest nonprofit early childhood education program—as well as a founding Board Member of Atlanta Technology Leaders and a TechStars Mentor for Social Impact Startups. Andrew's drive to share encouragement, resources, understanding, and techniques have led to the creation of this book. Note: The morning that we recorded this show, Andrew announced that Rented sold that morning, Nov. 16, 2022 just two years from the time he created it. Connect with Andrew: Website Instagram Linkedin Twitter Grab Andrews book here: https://www.mandrewmcconnell.com/book Connect with Steve: Linkedin Website Instagram FacebookShow Sponsor: BACKBONE CRM - The reviews and messaging platform for local business. Looking to get 5 Star Google Reviews on Autopilot? BackBone CRM makes it simple. https://www.backbonemedia.io/demo
In this episode, we have our very first return guest, Career Hacker's newly appointed CEO, Joel Bein! We talked about how everyone should consider themselves entrepreneurs, even if they work as an employee. We also talked about Career Hacker's upcoming 2-day virtual event called "Supercharge Your Career in a Sh*t Economy" on October 19-20, 11 AM to 6 PM EDT. If you're interested in joining this free virtual event, click here to register. Event Info: The economy is sh*t. It's tough, whether you're looking for a job, or wanting to keep your current one. But you still have the choice to take control. Join top thought leaders to supercharge your mindset, and bulletproof your job hunt and career. Listen and engage in the conversations. Meet new people. Feel energized and empowered. You are powerful. You are the one you have been waiting for. This Virtual Event Is For Job Seekers and Career Builders • Learn to stand out to 50X your interview rate. Then get the secrets to crushing the interview. • Become a linchpin at your current role, or skyrocket to a new one, and learn to 5X your salary. • Want to switch careers? Learn from the best, who know that no degree or permission is required. Bottom line: no matter the economic times, you hold the power to forge your path and discover and do what makes you come alive. These 2 days are gonna be on fire! Click here to register and supercharge your career! Please enjoy this conversation with Joel Bein and we're looking forward to seeing you at Career Hacker's virtual event! To keep up with everything Degree Free check out our website: https://degreefree.co Get the guide on how to: Teach Yourself. Get Work. Make Money. No Degree Needed.: https://degreefree.co/workbook Sign up for our free weekly newsletter and get exclusive tips and tricks to make great money without a college degree! https://degreefree.co/signup Like, subscribe, write us a review, and if you have a question or want some advice email us at contact@degreefree.co
Will Thorndike is the co-founder of Housatonic Partners and host of the 50X podcast. In this episode, we discuss Will's masterpiece “The Outsiders” and the lessons he brings from writing it. The book covers eight CEOs who excelled at capital allocation and describes the strategies underlying their success. "The Outsiders" was published ten years ago, and recommended by Warren Buffett in his 2012 annual shareholder letter.We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on August 17, 2022.—————————————Episode Chapters (00:00) Intro by Eddie & Niklas(03:16) How Will's passion for investing started(08:13) Common traits of the outsiders(19:49) Holding on to high-quality companies(26:06) The importance of corporate culture(34:49) When M&A becomes value-destroying(38:53) How to think about share issues(41:41) How to find outsider CEOs(50:19) The outsiders of tomorrow(56:03) Thoughts on valuation(1:02:39) Book recommendations—————————————Books Mentioned Money Masters of Our Time - John Train Sam Walton: Made in America - Sam WaltonShoe Dog - Phil Knight Fortune's Formula - William Poundstone Buffett: The Making of an American Capitalist - Roger Lowenstein The Snowball - Alice SchroederYou Can Be a Stock Market Genius - Joel GreenblattThe Warren Buffett Portfolio - Robert HagstromElusive - Frank Close —————————————Companies MentionedCapital Cities BroadcastingTeledyneGeneral Dynamics TCI The Washington PostRalston Purina General CinemaBerkshire HathawayDanaherProsus Arch Reinsurance RCI Hospitality Constellation Software Brookfield Asset ManagementLifco—————————————More on Will Thorndike 50X Podcast - Will's podcast where he discusses and dissects extraordinary investments—————————————About the PodcastIntro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books—————————————What is Investing by the Books?Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis. Visit the website: http://www.investingbythebooks.com/Follow on Twitter: https://twitter.com/Investbythebook—————————————What is Redeye?Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality. Visit the website: https://www.redeye.se/Follow on Twitter: https://twitter.com/Redeye_—————————————DisclaimerNotice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se
“How long are you going to wait until you demand the best from yourself?” -Epictetus I share 18 lessons with my 18-year-old self. #2 is: Don't fear being different. That's your advantage. #4 is: No one cares about your college grades. #14 is: Finding the truth is more important than being right. #17 is: What does life want from you? National median home prices eased from June to July—from $414K to $404K. Homebuilders are in a recession. However, available housing supply is still low and demand is high. Almost every human is forgotten in four generations. Is a housing price crash imminent? You get a clear “yes” or “no” answer. The NAR says that today's first-time homebuyer is: 33 years old (oldest ever), $86,500 household income, $252K median purchase price, 7% down payment, and 37% carry student debt. Average size is 1,640 sf. If you'd like to advertise with us, visit: GetRichEducation.com/Contact Resources mentioned: Show Notes: www.GetRichEducation.com/412 Median sale price eases: https://www.wsj.com/articles/existing-home-sales-prices-housing-market-july-2022-11660774574 Median US house price historic chart: https://fred.stlouisfed.org/series/MSPUS Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at: (use code “GRE”): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Today's episode transcript: Welcome to GRE! I'm your host, Keith Weinhold. Learn 18 profound life lessons I've learned that I wish I could share with my 18-year-old self… and… has the time come? After the looong & sometimes steep housing price runup, is a housing price crash finally imminent? And what's the future direction of the housing market? Today, on Get Rich Education. ___________________ Welcome to GRE! From Red Deer, Alberta to Red Rock State Park, AZ and across 188 nations worldwide… I'm Keith Weinhold. THIS is Get Rich Education. The voice of real estate investing… 412 weeks in a row… since 2014. I hope that you're having a great week! You know, I have seemingly been a late bloomer in almost every way in life that you can conceive. But as some say, “many people never bloom at all”. Alright, well enough. But look… I was almost 18 years old when I graduated high school, just like - perhaps you - and many people are. But I looked like I was 13 then. I was among the very last in my class to experience puberty there at Coudersport High School, Pennsylvania. This is one reason that I could not attract a high school girlfriend or get a prom date. Even though… I asked a girl to prom and she said “no”. As underdeveloped and impressionable as I was then, here are 18 lessons that I want to share with my 18-year-old self. I wish that I could share these lessons that I've learned now with my 18-year-old self: You Know Nothing. But You're Not Alone. You have so much to learn, 18-year-old Keith. So don't act like you know it all. Society actually likes when you're genuinely inquisitive and want to learn. What about you? Can't you sense when someone acts like a know-it-all? It's not something that you want to be around. Back to advising my 18-year-old self. Don't Fear Being Different. That's Your Advantage. In high school and even college, winners fit in. In the real world, winners stand out. In fact, avoid normalcy. It's a synonym for mediocrity. Work To Learn. After that, work to earn. No One Cares About Your College Grades. For your interests, college is optional, not mandatory—regardless of what your friends are doing. Find an energy for learning. Be autodidactic (an autodidact means a self-taught person). Focus on becoming a person of value. Keep Moving. Health is wealth. Prioritize physical exercise over moneymaking. No matter WHAT you choose to do, you'll be living inside that same body when you're age 100. Failure Can Be Alright, Even Good. In school, you learned that mistakes are bad and should be avoided. A failure that you recuperate from demonstrates that you tried. You learned a lesson. In fact, DECORATE your failures so much that you should go ahead and tell others how bad you failed; they'll either relate to you or they'll learn from you. Don't Follow Paths Others Have Made. Others guide you. But create your own map. If you're soullessly trading your time for dollars at a job, you need to design yourself an escape route so that you can quit as soon as possible. If you're selling your time that way - stop it. Your life is made up of chapters of time. This is not a dress rehearsal. This is your life. Research, Commit, Then Be Consistent. Prepare for disappointment. Most people won't be as committed as you. Showing up on time is a commitment, so is marriage. Learn About Investing In Real Estate. Everyone needs it. It's made more ordinary people wealthy than anything else. Keep Real Estate And Emotions Separate. Facts trump feelings. It's 99% about: market, management, and income exceeding expenses. Make Grandma Proud. Pretend that she's watching you. Live a life that's exemplary in what you say and do. You might remember me mentioning my late Grandma Weinhold here on the show. Be Present. Don't over-anticipate future moments and events. They are less important than the present. Otherwise, you'll miss out on your entire life. Your life will never not be now. Appreciate "now". Who Your Friends Are Matters. Jim Rohn said: "You are the average of the five people that you spend the most time with." Take the average of your closest five's: values, their athleticism, their ethics, wealth, fashion sense, travel, neighborhood quality, and family structure—that's nearly who you will BECOME. Finding The Truth Is More Important Than Being Right. People respect you when you say: "I was wrong. Here's why." more than trying to defend some antiquated or faulty belief. Give. Money is an abundant resource. You will have a great ability to give. Generosity is championed in the Bible. It's Aristotle's third virtue. It will make you feel happy, it's good for your health, contagious, and spurs gratitude. This ossifies your net "value add" to the world. Mentors Matter. Others see you in a way that you cannot. You'll simply never be able to see yourself in a way that others can. You'll meet people smarter than you; ask them for their help. What Does Life Want From You? As I learned from Eckhart Tolle, don't ask: "What do I want from life?" A more powerful question is: "What does life want from me?" (And you'll remember that I mentioned this one last week on the show here and took a deeper dive on it.) And the 18th and final lesson that I'd like to go back and share with my 18-year-old self is… Build. Anthropologists suggest that almost every person is forgotten after three generations. At your trajectory, what will your legacy be? Why and how will you be remembered? They are the 18 lessons. The stoic Epictetus said one of the most profound motivational things ever… and it's in the form of a question. Epictetus said: "How long are you going to wait before you demand the best for yourself?" Yeah, that is his question. At least here on this Earth, this is your last life ever. Now, as much as some of those 18 might resonate with you… and maybe you want to share those with someone in your life… I've seriously got to ask… (Laugh) If I had read those as an 18-year-old, knowing that I wrote them a couple decades later, would I have ever listened to those as an 18-year-old? I don't know. I probably wouldn't have changed my behavior on some of them… but a few. I've also got to wonder, in another 20 years, will these change? 20 years from now, would I be advising my 18-year-old self any differently? Now, I discussed in there how anthropologists suggest that most every human is forgotten in 3 to 4 generations. Sadly, quite a few people are forgotten 3 to 4 minutes after their death. And many more, within 3 to 4 hours, 3 to 4 days, or 3 to 4 weeks after their death. Of course, your children will remember you longer, and your spouse of, say, 50 years will remember you longer. Realistically, LOTS of people are soon forgotten because they never did anything worth remembering. Good people are forgotten. People that never caused any trouble or uproar. They kept their lawns mowed. They kept their cars clean. But nothing notable worth remembering, like caring for lost animals or handicapped children or always remembering their friends' birthdays. For a thoughtful person, it is wise to consider from time to time “what have I done recently, that people will want to remember?”. Of course, we should all do every day all those things necessary to be a good neighbor, a good landlord, and a good citizen. If you don't do that, you may be remembered because you were such a slob, or took care of your house so badly, or didn't bother to shave and shower regularly. But assuming you are doing everything so that absolutely no one will be offended or annoyed, then you have to do something special if you are going to be remembered for longer than a few days or a few weeks. Let's recognize something. Abraham Lincoln died six or seven generations ago. He is remembered with respect and honor. John Wilkes Booth died just a few days after Lincoln. He is remembered with scorn and despising. So it is a mixed blessing, for you to be remembered. For most people, they would prefer to be forgotten rather than remembered as a deviant or a monster or a social parasite. My own guess is that VERY FEW people are remembered well, for as long as four generations. They may be listed in a family genealogy, but beyond being a statistical item, the individuals and who they are have been long forgotten. It's been said that "The greatest waste in the world is the difference between who you are and who you could become." Now, be real with me. Is what I'm telling you making you pensive and even melancholy about your own mortality? How do you feel… in your heart… right now? How do you feel… in your stomach… right now? What's your mind telling you here? Cheer up a little. I want you to take some solace in the fact that… I believe there are more important things than for you to be REMEMBERED for decades and for generations. But doing those more important things — helping other people, making a better world, advancing the store of useful knowledge — will usually lead to YOU being remembered, long after you have passed into your next life. That is probably the person that you strive to be here on Earth… after all. If you're still feeling like you're not enough… well… I don't have all of the answers. But you just got 18 lessons so that you can listen to those again and see which ones fit into your life. I'll be back with some GRE core content about real estate and a housing price crash. I'm Keith Weinhold. You are listening to Get… Rich… Education. _________________ You're listening to one of America's longest-running and most listened-to real estate shows. Welcome back to GRE. I'm your host and my name is Keith Weinhold. I am genuinely grateful for your listenership. There will only ever be one Episode 412 of Get Rich Education… and you're listening to it. If you'd like today's Show Notes, simply go to GetRichEducation.com/412. It includes not just today's supplemental resources, but the entire transcript of today's episode. Some people like to say: "Housing prices. They don't matter to cash flow investors." To that, I say. C'mon now. Price might not be the principal consideration. But price matters. If it didn't, why not just pay triple the asking price on your next property purchase? Why does every classified ad have a price in it? Of course, real estate price matters-even to cash flow-centric investors- when you're buying, you're selling, or for you to have an adequate equity cushion for refinancings. US home sales dropped last month. That's nothing new. That just means sales volume. Housing supply is part of the reason for volume drop. Available supply is still just half - or less - of what's needed and it will be a multi-year problem. I've discussed that before. The dearth of supply is an inelastic condition - it's difficult to change. What's the way out of that undersupplied condition? It's homebuilding. Well, many believe that homebuilders are in a recession. Some are building less while they wait for affordability to improve. This is only going to prolong America's housing supply problem. Let's LOOK at prices. Since July 2019, which was back before you knew the definition of "pandemic" and the only time that you wore masks were for Halloween, home prices have risen 44.5%. Yes, 44-and-a-half percent in just 3 years. Now, if we shorten that up to year-over-year median house price growth in America, it is still 10.8%. But the median sale price from June to July eased from about $414,000 to $404,000. 414 to 404. Now, some might say this is hardly a change at all. No, I think it's meaningful… because all we've seen are both YOY and MOM housing price increases for years now. Is it an aberration or is it a trend to come? Of course, no one really knows. But I think it's worth paying attention to. Has the time come? Did real estate prices run up too far, too fast, meaning they must come crashing down to earth in a streaking fireball… that's going to leave an indelible crater? Puhhh. Let's explore that. Well, first of all… …the definition of the word "crash" is somewhat UH-morphous. But if it's equated to a bear market, it means a 20% price decline. Well, that's highly unlikely that a decline like this is imminent. Housing values are famously stable. Today's homeowners have oodles of protective equity and their loans are well underwritten. And the supply is staying low. You're a smart listener, you listen here every week, and you're probably apprised of all that. But did you know that even during the astoundingly irresponsible and toxic Global Financial Crisis and Mortgage Meltdown of 2007-2010, that back then during that cataclysmic event, house prices fell less than 20% nationally? Yeah, they didn't even crash 20% then! Fifteen years ago - those were the days of "liar loans", 105% LTVs, loose appraisals because appraisers were in cahoots with lenders, and we had glut of national housing supply and a foreclosure crisis… and nearly every housing market malady that you can quickly think of. Housing values didn't fall 20% amidst THAT apocalyptic environment. I made sure that chart was put in the show notes for you so that you can see that. That's the median sale price of houses sold in the United States, sourced by the F.R.E.D. through the US Census and HUD. Today, homes are still being snapped up quickly. That's what a lack of supply makes happen. And we'll still have a lack of supply in 2023 and 2024. In fact, last month, the NAR tells us that the median home sold in just 14 days in July. It's never been faster than that on record. That is not something that you would expect amidst stalled PRICE growth. Well, higher mortgage rates will do that. The American housing market reached a turning point this summer. Price increases haven't just slowed—they've stalled. Of course, local factors often supersede national ones. So then… Where are home values least resilient? Areas that were trendy and higher-priced homes. Where are home values most resilient? Lower-priced and entry-level properties. They're the ones least affected by further losses in affordability. That's what we've talked about on this show from Day 1 - investing in entry-level homes for cash flow in the Midwest and South. Who do stalled price increases harm: Sellers. Price matters, remember? New owners that hoped to refinance fast. Flippers. Who do stalled price increases help: Buyers. Rent-to-price ratios. If you were wondering when rents will get a chance to catch up to prices? The answer is now. This recent outsized RENT growth has clearly been a boon to us real estate investors - even a windfall if you're well leveraged. Now… in the workplace, the pandemic spawned “The Great Resignation”. People either started working from home or quit and stayed at home. They were on their Peleton bike… and on Zoom. But tons of companies… from Peleton to Zoom - have seen consumers end their pandemic buying patterns. Now… so has housing. The pandemic-era frenzy where buyers hotly demanded more space and a Zoom room is what I have called "The Great Reshuffling". It has settled down. At the point of being overly obvious, compared to just a few months ago, this housing market has become worse for sellers and better for buyers. Sellers, you might even have to STAGE properties again. Buyers, let's run a vibe check on how well you're doing for new purchases. Now you can usually: Not have to pay all-cash You'll often have less buyer competition Expect time for an property inspection Have an appraisal contingency And avoid an escalation clause on build-to-rents like I've discussed with guests here in recent weeks past. You know, a friend just shared something with me. He said: "We are officially back into the 2018 real estate market. I made an offer today on a brand-new flip. I got $10K of seller help and a half page of contingencies." That's what he said. Yeah, that really sums up a lot. The market has normalized - not become totally normal by any stretch, but negotiations between buyers and sellers are more balanced now. There's one group that loves higher mortgage rates - and that's single-family rental owners. That crimps affordability - pricing out that first-time homebuyer… making them rent from you. That's continuing to push up rents at faster increases than historic norms. Fannie Mae expects that home sales will decrease in the next year. That's nothing new. The volume of existing-home sales has been decreasing for months. So where does that leave today's first-time homebuyer, the person - that is becoming more of a rare breed - that DIDN'T have to pay rent to you in your property? Well, the NAR revealed a profile of today's first-time homebuyer… and I think it's particularly interesting. Today's FTHB is… 33 yo - that is the oldest ever - ever. It might not surprise you since affordability is down so it takes a new homebuyer longer to save & form the capital necessary for a down payment, closing costs, and loan qualification. The FTHB is now age 33. Household income is $86,500 Median purchase price is $252K… so… significantly less than today's median priced $400K home. A 7% down payment. That, on average is what the FTHB puts down… so often paying PMI then. 37% of them carry student debt. Typical balance $30,000 How about avg sq footage. The average square footage of a FTHB's home is 1,640. Now, I've largely been discussing either total housing supply or single-family housing supply thus far. One bright spot is for apartment-dwellers. 420,000 new apartments are forecast to be built in the US this year - that's according to RentCafe. Coming on top of 2021 - when there was historically high apartment construction, it would mark the first time since 1972 that more than 400k new apartments were completed in each of two straight years. The top spot for new apartments in 2022 is the New York metro area. Elsewhere, out there in the world… Netflix is about to launch a “Shark-Tank” like real estate show called “Buy My House”. It's structured much like Shark Tank… except homeowners pitch their house sale deal to four “sharks”. That could be interesting to watch. Here, coming up at GRE, hear from not just me, but, as usual some of the most influential personalities in the real estate and finance space commonly come along for an episode and run alongside me. Ramit Sethi from “I Will Teach You To Be Rich” is one of those notable names that will join you & I here on an upcoming show. If you have any questions, comments or concerns about the show, you can always reach out at GetRichEducation.com/Contact. That's how to get ahold of our team. One question that we're really not in need of hearing over there on our Contact Page, is: “How do I become a guest on the show?” You know, a couple years ago, we had about 20x as many requests to be a feature guest here on the show as there are available appearances. Well, anymore, it's about 50X as many requests as weekly shows. We're sorry to have to apologize to so many wonderfully bright and credentialed people. I really appreciate them. But we only have one, big weekly show… and that supply is not increasing. GRE show supply could be even more inelastic than American housing supply then. I'd like to welcome our newest show sponsor, MyPropertyStats.com. It was developed by Hayden Crabtree. Hayden has been a show guest here before and we expect to have him back here to tell us more about My Property Stats. It's a deal analysis tool developed by an active investor - Hayden - to cut the time it takes you to analyze ANY deal by over 90%. -Calculate the EXACT price to pay to hit your cash flow and ROI goals -Build a WORLD CLASS pro forma In fact, you can go to MyPropertyStats.com/GRE right now and use coupon code GRE to get 10% off your first year. It's remarkably inexpensive. That's just $90 A YEAR for a tool that can save 10 hours PER DEAL. No more spreadsheets. No more juggling multiple files. You can use coupon code "GRE" to get 10% off at MyPropertyStats.com/GRE. Much like the gratefulness I feel for all of the bright guests that are here, we've seen quite an influx of advertising inquiries. This is despite that, we haven't really pitched for advertisers here - much like guests, fortunately, there are plenty of wonderful resources out there that want to reach you, the listener here. These are resources that I don't just endorse, but I often use myself. If you'd like to make an advertising inquiry here at GRE, you can also reach out at the Contact Page at GetRichEducation.com/Contact I'm Keith Weinhold. I'll catch you next Monday, Labor Day. You've been listening to Get Rich Education. Don't quit your daydream!
Investing is one of the biggest ways to build wealth and support companies you truly believe in. But how do you get started investing? Our friend and go-to financial expert, Pocket Sun, is here to answer that question + lay out exactly what you need to do if you want to start investing – today. Get ready to take notes as Pocket lays out the specific avenues and expected timelines required to earn 30X, 50X, even 200X on your investment. Listen now! Highlights: Why investing matters – for yourself and your business. What you can do today to start investing in companies you care about. Links: Instagram: https://www.instagram.com/pocketysun/?hl=en (@pocketysun) Angel Investment Training — https://fempire.iamsogal.com/ (fempire.iamgoal.com) Follow: bossbabe: https://www.instagram.com/bossbabe.inc (@bossbabe.inc) Danielle Canty: https://www.instagram.com/daniellecanty/ (@daniellecanty) Mentioned in this episode: Issuu https://issuu.com/podcast (Get started with Issuu today for FREE, or sign up for an annual premium account to get 50% off, when you go to Issuu.com/podcast and use promo code BOSSBABE.) Babbel http://Babbel.com/bossbabe (Right now, save up to 60% off your subscription when you go to Babbel.com/bossbabe.) Apollo http://apolloneuro.com/bossbabe (Get $40 off the Apollo wearable at Apolleneuro.com/bossbabe.)
This is our final episode in a series of four on TransDigm. In this discussion, we contrast TransDigm with traditional private equity portfolio companies, examine the company's approach to capital allocation, and dissect Berkshire's and Stockbridge's position management over time. Our guest is Rob Small, a Managing Director at Berkshire Partners and Stockbridge, as well as a Director at TransDigm. Under Rob's direction, Stockbridge has maintained a concentrated position in TransDigm and demonstrated remarkable conviction to add (and occasionally trim) at opportune times. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. The team at Tegus has built a full company intelligence platform aimed at streamlining the investment research process. In preparation for the 50X series, we actively used Tegus to gain qualitative insights beyond traditional reported data. To learn more and enjoy a free trial, visit tegus.co/50x. ----- 50X is a podcast that dissects the anatomy of extraordinary long-term investments. The show is hosted by Will Thorndike and the team at Compounding Labs, and brought to you in partnership with Colossus. In each episode of 50X, we look in detail at an investment that has appreciated at least 50-fold. From the seat of the professional investor and occasionally the CEO, we explore its origins, evolution, and eventual outcome, studying key themes around long-term value creation ranging from operations, capital allocation, and culture to pivotal buy and sell decisions. To enhance the quality and depth of our interviews, we rigorously study each asset in advance, diving into all available public and private resources. Learn more and dive into our research at 50xpodcast.com Follow us on Twitter: @50Xpodcast and @joincolossus Show Notes [00:00:00] – 50X Introduction [00:02:04] – Sponsorship: Tegus [00:07:18] – [First Question] - Management Team [00:10:05] – Culture, Decentralization, & Compensation [00:19:04] – Evaluating Nick Howley as CEO [00:21:57] – Rob's Service on the Board of Directors [00:27:47] – Approach to Capital Allocation [00:31:29] – Returning Capital to Shareholders [00:33:53] – Operating under Private vs. Public Ownership [00:36:41] – Sale Decisions for Private vs. Public Equity [00:40:41] – Stockbridge's Major Buy/Sell Decisions [00:48:46] – TransDigm's Influence on Rob's Investment Philosophy [00:53:39] – Examining Stockbridge's Approach to Selling [00:58:14] – TransDigm's Future
My guest today is Will Thorndike. I first spoke to Will in 2017 about his excellent book The Outsiders and his career in private equity. I titled that conversation: How Skilled Capital Allocators Compound Capital. In many ways this conversation continues where that one left off. Through the lens of his new project, a podcast called 50X, we explore the power of multi-decade holding periods and the shared characteristics of businesses that are able to compound returns at high rates for abnormally long periods of time. Please enjoy this discussion with my friend, Will Thorndike, and if you haven't subscribed to 50X, I highly recommend doing so. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It's all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick. And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. ----- Today's episode is brought to you by Brex. Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:45] - [First question] - How working on The Outsiders project shaped his thinking [00:06:29] - His interest in long-term holding periods and dealing with multi-decade time horizons [00:09:42] - Shared characteristics among compounding machines [00:11:23] - Defining capital efficiency and the return on tangible capital metric [00:13:02] - An example of an attractive business that requires a lot maintenance CapEx [00:14:22] - Thoughts on the measurement of intangibles and whether or not he'd avoid great businesses that are intangible heavy [00:15:25] - Tangible ways capital efficiency rolls into compounding capacity [00:17:45] - Being patient early on and things that reveal themselves after doing thorough year long research in a company like TransDigm [00:20:32] - Lessons learned about good game selection for companies [00:22:47] - Common features of customers that tend to be served by the businesses he invests in [00:23:43] - Evaluating culture and its ability to propagate forward in the public equity markets [00:25:09] - An example of a decentralized structure and why it works so well [00:27:53] - Successful decentralized companies regularly assemble general managers and compare their results and share ideas [00:28:46] - Thoughts about software as a business model and lessons learned about this industry across his career [00:30:00] - What the best serial acquirers do for long-term holders [00:31:46] - Advantages of using debt for financing and acquisitions [00:33:39] - How different the future might be for young CEOs with capital allocator mindsets [00:35:40] - Other forms of recurring revenue he's seen and things that are one the line between recurring and non-recurring revenue [00:37:42] - The biggest changes for him moving from outside client capital to just managing his own [00:39:09] - 3 companies that Housatonic Partners has owned for more than 25 years [00:40:29] - What made Karen Moriarty so good for so long [00:42:36] - The crossover between public and private investing and the virtues of each sector [00:45:35] - How he thinks about the function of Compounding Labs and what he wants it to become [00:47:10] - What is at the top of his wish list of the companies he wants to explore [00:49:15] - Which companies he'd still be fascinated to learn about that don't fit the criteria he's laid out today [00:50:25] - The development of investor conviction over time and what he's learned about it [00:52:19] - Lessons learned about producing great media [00:53:43] - What he can teach us about deep research on companies with analysts [00:55:10] - Adjusting his thinking and investing in a high variance world
This is our third episode in a series of four on TransDigm. In this discussion, we study TransDigm's evolution while under public ownership. Since 2006, the company has outperformed the S&P by 15-fold and its peer group by 9-fold. We unpack its approach to special dividends and leverage, examine meaningful acquisitions alongside disruptive crises, reflect on the prior three decades, and consider TransDigm's future beyond $50 billion of Enterprise Value. Our guest is Nick Howley, the Founder and Executive Chairman of TransDigm. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. The team at Tegus has built a full company intelligence platform aimed at streamlining the investment research process. In preparation for the 50X series, we actively used Tegus to gain qualitative insights beyond traditional reported data. To learn more and enjoy a free trial, visit tegus.co/50x. ----- 50X is a podcast that dissects the anatomy of extraordinary long-term investments. The show is hosted by Will Thorndike and the team at Compounding Labs, and brought to you in partnership with Colossus. In each episode of 50X, we look in detail at an investment that has appreciated at least 50-fold. From the seat of the professional investor and occasionally the CEO, we explore its origins, evolution, and eventual outcome, studying key themes around long-term value creation ranging from operations, capital allocation, and culture to pivotal buy and sell decisions. To enhance the quality and depth of our interviews, we rigorously study each asset in advance, diving into all available public and private resources. Learn more and dive into our research at 50xpodcast.com Follow us on Twitter: @50Xpodcast and @joincolossus Show Notes [00:00:00] – 50X Introduction [00:01:56] – Sponsorship: Tegus [00:05:58] – CEO Time Allocation Post-IPO [00:09:08] – Attracting Long-Term Shareholders [00:10:00] – Evolution of Board Post-IPO [00:11:06] – Approach to Leverage and Protecting Downside [00:15:16] – Navigating the Great Financial Crisis [00:18:43] – Approach to Special Dividends [00:22:04] – Stock Repurchases as Alternative [00:23:00] – Kirkhill Acquisition [00:27:00] – Esterline Acquisition for $4 Billion [00:33:17] – Investing in Product, Quality, and Innovation [00:34:40] – Remaining M&A Runway [00:36:32] – Short Seller Assault in 2017 [00:42:26] – Navigating COVID-19 [00:46:59] – Approach to Managing through Crises [00:47:50] – Nick's Transition from CEO to Chairman [00:56:30] – Managing Personal Liquidity [00:59:23] – The Howley Foundation [01:02:57] – Snapshot of TransDigm Today [01:05:11] – Lightening Round [01:10:18] – TransDigm's Influence on Nick's Life and Investment Philosophy
This is our second episode in a series of four on TransDigm, an aerospace components manufacturer that has returned over 1,750X since its inception nearly three decades earlier. If you haven't listened to the first episode with TransDigm's founder Nick Howley, we recommend starting there. Today, we are joined by Rob Small. Rob is a Managing Director at Berkshire Partners and has led Stockbridge, Berkshire's public equities business, since its inception in 2007. Rob conducted diligence on TransDigm in its 2003 auction before investing personally following the IPO, building an anchor position with Stockbridge in 2007, and joining the Board of Directors in 2010. In this discussion, we cover the core elements composing TransDigm's business quality, Berkshire's and Stockbridge's initial investments, and the trajectory of Rob's conviction. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. The team at Tegus has built a full company intelligence platform aimed at streamlining the investment research process. In preparation for the 50X series, we actively used Tegus to gain qualitative insights beyond traditional reported data. To learn more and enjoy a free trial, visit tegus.co/50x. ----- 50X is a podcast that dissects the anatomy of extraordinary long-term investments. The show is hosted by Will Thorndike and the team at Compounding Labs, and brought to you in partnership with Colossus. In each episode of 50X, we look in detail at an investment that has appreciated at least 50-fold. From the seat of the professional investor and occasionally the CEO, we explore its origins, evolution, and eventual outcome, studying key themes around long-term value creation ranging from operations, capital allocation, and culture to pivotal buy and sell decisions. To enhance the quality and depth of our interviews, we rigorously study each asset in advance, diving into all available public and private resources. Learn more and dive into our research at 50xpodcast.com Follow us on Twitter: @50Xpodcast and @joincolossus Show Notes [00:00:00] – 50X Introduction [00:01:51] – Sponsorship: Tegus [00:07:19] – Introduction to the Episode and Rob Small [00:08:57] – Berkshire Partners' Initial Exposure to TransDigm [00:10:57] – Auction in 2003 by Odyssey Investment Partners [00:14:35] – Contrast TransDigm with Hexcel [00:15:55] – Re-engaging with TransDigm post-IPO [00:18:33] – Origins of Stockbridge [00:24:53] – Core Elements of TransDigm's Business Quality [00:29:52] – Investment Trajectory for Stockbridge and Berkshire Partners [00:33:31] – Rob's Appointment to TransDigm's Board of Directors [00:36:42] – Rob's Trajectory of Conviction [00:42:59] – Translating Conviction to Position Size [00:43:50] – Persistent Undervaluation: Acquisition Pace and Exit Multiples
Today we are dropping a special episode in the Invest Like the Best feed. You will hear the first episode of 50X – a new series from Will Thorndike and the team at Compounding Labs, in partnership with Colossus. Will's book, The Outsiders, is one of the best business and investing books you will find. Now you will hear him continuing his work in the hosting chair as he looks in detail at investments that have appreciated at least 50-fold. First up is TransDigm, an aerospace components manufacturer that has returned over 1,750X since its inception nearly three decades earlier. In this episode, Will is joined by Nick Howley, TransDigm's long-time CEO and Chairman. Make sure to subscribe to 50X in your preferred podcast player. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. The team at Tegus has built a full company intelligence platform aimed at streamlining the investment research process. In preparation for the 50X series, we actively used Tegus to gain qualitative insights beyond traditional reported data. To learn more and enjoy a free trial, visit tegus.co/50x. ----- 50X is a podcast that dissects the anatomy of extraordinary long-term investments. The show is hosted by Will Thorndike and the team at Compounding Labs, and brought to you in partnership with Colossus. In each episode of 50X, we look in detail at an investment that has appreciated at least 50-fold. From the seat of the professional investor and occasionally the CEO, we explore its origins, evolution, and eventual outcome, studying key themes around long-term value creation ranging from operations, capital allocation, and culture to pivotal buy and sell decisions. To enhance the quality and depth of our interviews, we rigorously study each asset in advance, diving into all available public and private resources. Learn more and dive into our research at 50xpodcast.com Follow us on Twitter: @50Xpodcast and @joincolossus Show Notes [00:00:00] – 50X Introduction [00:02:00] – Sponsorship: Tegus [00:07:04] – Episode Introduction [00:09:05] – Nick's Background pre-TransDigm [00:11:56] – Original Acquisition from Imo Industries in 1993 [00:15:33] – Thesis and Performance under Kelso & Co.'s Ownership [00:18:42] – Genesis of Three Key Value Drivers: Price, Productivity, and New Business [00:21:07] – Building the Management Team [00:24:05] – Early Lessons on Value Drivers [00:27:53] – Capital Allocation under Kelso & Co. [00:28:51] – Sale to Odyssey Investment Partners in 1998 [00:30:26] – Strategy under Odyssey's Ownership [00:31:51] – Early Acquisitions and Integration Playbook [00:37:26] – Early External Crises [00:41:13] – Snapshot at Conclusion of Odyssey's Ownership in 2003 [00:43:19] – Building a Decentralized Culture [00:46:23] – Differentiated Approach to Compensation [00:52:12] – Sale to Warburg Pincus in 2003 [00:55:51] – Shift to Inorganic Growth under Warburg's Ownership [00:58:08] – Evolution of M&A Process [01:05:37] – Post-Acquisition Expectations and Post-Mortem Process [01:09:48] – Divesting Acquired Assets to Maintain Focus [01:11:29] – Embedding Value-Generative Culture via Hiring and Training [01:13:54] – Quarterly Product Line Reviews [01:20:43] – Recap of Private Investment Returns and Snapshot pre-IPO
Today's episode is the first in a series of four on TransDigm, an aerospace components manufacturer that has appreciated over 1,750X since its inception nearly three decades earlier. In today's episode we are joined by Nick Howley, TransDigm's founder, long-time CEO and Executive Chairman. We explore TransDigm's foundations under private ownership, digging into its core value drivers, decentralized culture, differentiated compensation program, and early M&A motion. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus. The team at Tegus has built a full company intelligence platform aimed at streamlining the investment research process. In preparation for the 50X series, we actively used Tegus to gain qualitative insights beyond traditional reported data. To learn more and enjoy a free trial, visit tegus.co/50x. ----- 50X is a podcast that dissects the anatomy of extraordinary long-term investments. The show is hosted by Will Thorndike and the team at Compounding Labs, and brought to you in partnership with Colossus. In each episode of 50X, we look in detail at an investment that has appreciated at least 50-fold. From the seat of the professional investor and occasionally the CEO, we explore its origins, evolution, and eventual outcome, studying key themes around long-term value creation ranging from operations, capital allocation, and culture to pivotal buy and sell decisions. To enhance the quality and depth of our interviews, we rigorously study each asset in advance, diving into all available public and private resources. Learn more and dive into our research at 50xpodcast.com Follow us on Twitter: @50Xpodcast and @joincolossus Show Notes [00:00:00] – 50X Introduction [00:01:48] – Sponsorship: Tegus [00:06:52] – Introduction to Nick and TransDigm [00:08:50] – Nick's Background pre-TransDigm [00:11:56] – Original Acquisition from Imo Industries in 1993 [00:15:33] – Thesis and Performance under Kelso & Co.'s Ownership [00:18:42] – Genesis of Three Key Value Drivers: Price, Productivity, and New Business [00:21:07] – Building the Management Team [00:24:05] – Early Lessons on Value Drivers [00:27:53] – Capital Allocation under Kelso & Co. [00:28:51] – Sale to Odyssey Investment Partners in 1998 [00:30:26] – Strategy under Odyssey's Ownership [00:31:51] – Early Acquisitions and Integration Playbook [00:37:26] – Early External Crises [00:41:13] – Snapshot at Conclusion of Odyssey's Ownership in 2003 [00:43:19] – Building a Decentralized Culture [00:46:23] – Differentiated Approach to Compensation [00:52:12] – Sale to Warburg Pincus in 2003 [00:55:51] – Shift to Inorganic Growth under Warburg's Ownership [00:58:08] – Evolution of M&A Process [01:05:37] – Post-Acquisition Expectations and Post-Mortem Process [01:09:48] – Divesting Acquired Assets to Maintain Focus [01:11:29] – Embedding Value-Generative Culture via Hiring and Training [01:13:54] – Quarterly Product Line Reviews [01:20:31] – Recap of Private Investment Returns and Snapshot pre-IPO
Welcome to 50X. Hosted by Will Thorndike, author of The Outsiders and a co-founder at Compounding Labs, 50X aims to dissect the anatomy of investments that have appreciated at least 50-fold. We track the often circuitous route to exceptional long-term returns, exploring the foundations of value creation and how that rarest of investment commodities—conviction—is created, maintained, threatened, and sometimes lost. Learn more at 50Xpodcast.com.
Today Deezy and Justin go over a just-launched gaming token with HUGE upside potential. The founder's previous coin went up 50X! The $DOME token from Everdome is it's governance token, and many upgrades are on the way! Check out our breakdown!
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Bitcoin has risen 1,747% since the infamous BTC sign guy photobombed US FED chairman Janet Yellen in July 2017 on live television and Bitcoin is now up 5,145% (over 50X) against the U.S. dollar in the last 5 years. Real Vision CEO Raoul Pal says that five altcoins besides Ethereum will perform well this year as he expects layer-1 altcoins and interoperable blockchains to shine. Learn more about your ad choices. Visit megaphone.fm/adchoices
Thoughts on Wonderland Money (TIME)? Can you 50X your money? Insane returns. Sign up for Token Metrics at https://tokenmetrics.com Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Like the podcast to let us know you like the content!
Thoughts on Wonderland Money (TIME)? Can you 50X your money? Insane returns. Sign up for Token Metrics at https://tokenmetrics.com Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Like the podcast to let us know you like the content!
Landing great internships is hard, and landing one during covid was even harder. Come learn an advanced networking tip that can 50X your reach. This is NOT investment advice. Please consult with your own investment, tax, and/or legal professionals.
A lively dialogue on the mission, design, and implications of SuperBIT balloon-borne telescope one of the highest resolution telescopes ever made with our guest Barth Netterfield PhD, Professor, DADDAA & Physics at Uni of Toronto and project lead of SuperBIT mission to image weak gravitational lensing, galactic star formation, distribution and quantity of dark matter in galaxy clusters and super exoplanet atmospheres. The $5M Super-pressure Balloon-borne Imaging Telescope (SuperBIT) is 1,300X lower than the cost of the $6.5bn Hubble Space Telescope to image visible-to-near-UV (300-900 um) with 0.25-.5 arc second imaging and 50X more sensitive resolution than hubble. With a 0.5 m mirror, wide-field, 1.5m aperture, SuperBIT is equipped a helium balloon and 80kg carbon fiber mount telescope with a 69-megapixel camera with low read noise, high quantum efficiency and very low dark current that is capable of flying 1,000kg science payload at 35km altitude. Toward the end of the Podcast episode, Barth enlightens us about the preliminary plans and implications of GigaBIT, next generation atmospheric telescope focusing on green, blue and UV imaging wavelengths, which is planned to be 4X better than ground telescopes with 3X imaging stability over superbit potential launch in late 2020's SuperBIT: A low-cost, balloon-borne telescope to rival Hubble https://phys.org/news/2021-07-superbit-low-cost-balloon-borne-telescope-rival.html _________________________________________________________________________________________________________ Romualdez, L. J., et al (2018). Overview, design, and flight results from SuperBIT: A high-resolution, wide-field, visible-to-near-UV balloon-borne astronomical telescope. In L. Simard, L. Simard, C. J. Evans, & H. Takami (Eds.), Ground-based and Airborne Instrumentation for Astronomy VII [107020R] (Proceedings of SPIE - The International Society for Optical Engineering; Vol. 10702). SPIE. https://doi.org/10.1117/12.2307754 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/frontierspace/support
Do you want sushi by drone? Ice cream or coffee in 2 minutes? Wing is Google's drone division (OK, Alphabet's!) and is doing just that right now in three locations around the world. They're planning to scale globally and in the U.S., but are working out all the kinks and regulatory permissions. And they just announced some exciting news: first of its kind rooftop drone stations at a mall. You order on an app, a retailer preps your item, attaches it to a drone, and it flies to you at 110 km/hour. In this edition of TechFirst, we're chatting with Jonathan Bass, Wing's head of marketing and communications. Links: Wing: https://wing.com Support TechFirst with $SMRT coins: https://rally.io/creator/SMRT/ Buy $SMRT to join a community focused on tech for good: the emerging world of smart matter. Access my private Slack, get your name in my book, suggest speakers for TechFirst ... and support my work. TechFirst transcripts: https://johnkoetsier.com/category/tech-first/ Forbes columns: https://www.forbes.com/sites/johnkoetsier/ Subscribe to the podcast: https://anchor.fm/techfirst Full videos: https://www.youtube.com/c/johnkoetsier?sub_confirmation=1 Keep in touch: https://twitter.com/johnkoetsier 0:00 50X more efficient 1:12 Rooftop delivery service 2:54 How long does drone delivery take? 3:59 How Wing's drone delivery works 6:34 What customers say 7:00 Retailers and drone delivery 9:01 Where's Amazon? 11:00 When will Wing scale?
Emily is the blogger behind Legally Healthy Blonde and she grew her social media traffic by 50X in one month by utilizing niche Facebook groups. Join us in the episode to hear her tips, if you're looking for a traffic boost yourself! - Find a few niche Facebook groups that align with your brand and start engaging with people inside them. - Make, photograph and share relevant information in the groups, linking back to your blog content. - Start each post with a question in order to jump-start engagement. - Use emojis and let people know you're a real human, with real kitchen struggles. - This is also a great way to massively grow your email list.
In this episode, a love story to fall in love with! One of the best movies we watched last year during the depths of covid: Music unites them, differences intrigue them, passion ignites them, class divides them, and aspirations pull them apart. Their love is supposed to transcend boundaries. It does, ... until it doesn't. Watch this with your special one...with a glass of wine in hand! Jazz music is provided free of charge in this Amazon Prime charmer.And moving on from love of one kind to another, and following up from the last episode, tips on how to lose your crypto virginity, with whom and where! There is a bit of ripple in the ether of cryptos. Has the world gone to the Doges? Or are you still Tethered? Which coin is likely to give you a 50X return? And which kinds should you stay away from? Have a listen for this and more...on this latest episode of WhatTheFs!Subscribe to it on all major podcast directories, and share it with your friends...Buzzsprout: https://feeds.buzzsprout.com/1721890.rssApple Podcasts: https://podcasts.apple.com/us/podcast/whatthefs/id1570521351Spotify: https://open.spotify.com/show/49d8IxKEcCOoFK4vhgyFmH?si=EFpQKn-xSzGGBiKY7HZGug&dl_branch=1Twitter: And do follow me on the special twitter handle @What_TheFs I have created to discuss and chat about the tips I put out to make you happy or make you money or make you both :-)
Lead magnets - traffic campaigns - funnels - upsells and Value ladders are all the words that gurus talk about. Don't do that. The only way to make an impact is for people to know like and trust you - So as you'll see, In this episode, we discuss the greatest marketing tool, that you have at your disposal anytime you like, never utilizes it but will instantly and forever make all of your marketing and advertising 50X more powerful. Enjoy :) .
In this video, I'll speak with Taylor Ogan, of Snow Bull Capital about how hedge funds find 50X stocks and why money managers and investment banks can't do what hedge funds do. Welcome back tribe members! Today I'm discussing "How Hedge Funds Find 50X Stocks That You'll Never Find". If you enjoy this video feel free to SUBSCRIBE! Make sure to follow me on social media for even more coverage of the stock market.The Power of a Tribe: https://www.amazon.com/dp/B096TWBDM3/...Get Surfshark VPN at https://surfshark.deals/INVESTORS and enter promo code INVESTORS for 83% off and 3 extra months for free! Follow Me: Facebook: https://www.facebook.com/BestofUSLLC/Instagram: https://www.instagram.com/bestofusinv...Twitter: https://twitter.com/BestOfUsInvestSubscribe:https://www.youtube.com/channel/UC-hq...Help Kerry and Nita win the race against Childhood Cancer and keep their daughter Shay's memory alive. Your support makes a direct impact in the fight against Pediatric Cancer at Children's of Alabama by helping advance research in finding a cure for cancer. http://give.childrensal.org/bestofusWe have Up-Graded Our Discord: Kerry's Portfolio, Trades and InsightsThis is the new link: https://discord.io/bestofus. It is now organized by topics and will be easier to navigate and communicate
Without the high-net-worth individuals who put money in our deals, we wouldn’t have a syndication business. And yet, most of us are terrible at showing our appreciation to the passive investors we work with. When a deal goes through, we send them a mug or hat with our logo on it and call it a day. But does that reflect what the relationship is actually worth to us? Is there a better way to do gifting? John Ruhlin is the Cofounder of Giftology Group, a strategic gifting consultancy that helps sales leaders, business owners and executives unlock loyalty and turn clients into raving fans. He founded Giftology Group in college to market Cutco Cutlery as a high-end corporate gift to companies of all sizes, and today, John is the #1 distributor in Cutco’s 60-year history. John is also a sought-after keynote speaker and author of Giftology: The Art and Science of Using Gifts to Cut Through the Noise, Increase Referrals, and Strengthen Retention. On this episode of Apartment Building Investing, John joins cohost Garrett Lynch to explain how he came to dominate the Cutco leaderboard using gifting to build relationships. He introduces us to the giftology system, describing how he leverages generosity to turn his best clients into salespeople and raving fans. Listen in for John’s insight on how much to allocate for gift-giving and learn how YOU can get a 10X return by investing in the people who make your business profitable. Key Takeaways How John came to dominate the Cutco leaderboard Learned relationship-building from mentor Paul Sent gifts to land meetings with big-time CEOs John’s insight on the value of relationship-building Make decisions emotionally, justify with logic Gifting = mechanism for generating emotion John’s concept of a return on relationship Initial $7K investment in gift to Cameron Herold $25K over 10 years = 50X return on relationship The key ingredients of John’s giftology system Include handwritten note, name family members Personalize gift and be intentional about timing What makes John’s giftology system work Generates like, trust and keeps top-of-mind People crave human-to-human relationship How much a business should allocate toward gift-giving Reinvest 5% to 15% of net profits in relationships Invest in people already work with at some level Why giftology requires a long-term commitment Genuine generosity vs. manipulation tactic Turn best clients into salespeople John’s top examples of the benefits of giftology Invited to appear on Gary Vaynerchuk show 107% increase in referrals for John Bowen Connect with John Ruhlin Giftology Group Download the Giftology System Email john@giftologygroup.com Resources Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Giftology: The Art and Science of Using Gifts to Cut Through the Noise, Increase Referrals, and Strengthen Retention by John Ruhlin Entrepreneurs’ Organization Jab, Jab, Jab, Right Hook: How to Tell Your Story in a Noisy Social World by Gary Vaynerchuk John on Marketing for the Now with Gary Vaynerchuk Artifact Mug The 5 Love Languages Young Presidents’ Organization Vistage Books by Don Yaeger Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
Sachin met John Ruhlin at a retreat on fatherhood where he was invited to speak in 2021. A few weeks after the retreat, Sachin received a package in the mail which contained John’s book, gift-wrapped in the most amazing way. John Ruhlin joins the show today to share how nurturing the relationships you already have might be the most important investment you make. Tune in to find out what Giftology does and how it can help you grow your business. Key Takeaways: [:45] Sachin welcomes John Rulin — thanks him for the gifts he’s received — and asks him to talk about the timeless wisdom he learned from a small town attorney that got him into gifting, what his firm does, and why it’s all so very important. He shares a few funny anecdotes along the way. [11:30] Humans are tribal creatures and we are wired to want to reciprocate to genuine generosity. However, North-America has transactionalized gift-giving in a way that has robbed it of meaning: Christmas, Birthday, Anniversary, those are table-stakes. … You need to start showing up in a way that nurtures the relationship. [14:15] John’s best gift comes with a very touching story. We all crave to be seen, for our legacies to have meaning, this leads to a discussion on the words token vs artifacts — Hint, one of them is a bad word for John! [22:21] Sachin talks about his own gift-receiving experiences that speak to John’s point… People tend to invest way more into prospects and people that tell them “no” rather than nurturing the relationships they already have. [24:55] Inspire your warm network! John talks about the relationship he built with Cameron Herold over 20 years which eventually led to about 50X return on investment. John shares the equation and exactly how much of your net profit you should reinvest in gifting. [30:30] John shares a few thoughtful gift ideas in various budget brackets — but it does start with the timing of the gift. Go to Giftology.com and download the playbook to start a relationship plan for the “WHO”; the who is always more important than the what. [36:55] Take care of the family, take care of the home, take care of the inner circle are all things Giftology has been preaching for 20 years. The world of 2020 has started to appreciate this on a whole new level. [39:35] Interpersonal gifts are trickier and business gifts. John shares what he did for his wife’s last birthday — this one is packed with tips — you should get a handle on your language of love. [51:13] The audience gets a chance to unmute and ask John their questions! From what is a business relationship’s love language to the importance of congruence with your values. [50:50] Sachin thanks John for sharing so much of his knowledge and wisdom and signs off until next time. Mentioned in this episode Giftology More about your guest Find out more about John Rulin More about your host Sachin Patel How to speak with Sachin Go one step further and Become The Living Proof Perfect Practice Live sachin@becomeproof.com Books by Sachin Patel: Perfect Practice: How to Build a Successful Functional Medical Business, Attract Your Ideal Patients, Serve Your Community and Get Paid What You’re Worth The Motivation Molecule: The Biological Secrets To Eliminate Procrastination, Skyrocket Productivity, and Get Sh!t Done
In 2020 I grew my business 50X from the previous year.There were some key things that got me there, and in today's episode, I share them with you.Tune in to find out what they were & how you can apply them to grow your business in 2021.LINKS:Are you struggling with selling on Instagram Stories? Grab a FREE copy of my done-for-you $10k Instagram Story sales scripts - CLICK HERE.Instagram: @milanasarenacFacebook Group: https://www.facebook.com/groups/magneticsalessociety
#BITCOIN #ТРЕЙДИНГ #CURRENCY КРЕЙЗИ ТРЕЙДИНГ BITCOIN!!!20-50X - НЕ ПОВТОРЯТЬ ! ТОРГУЕМ НА CURRENCY ►PRO AIRDROP BOT — https://t.me/pro_airdrop_bot?start=tgMKvpLtZBOtkIgxZKIM ► Биржа Currency com - https://bit.ly/Currency_SingUp ► Академия Pro Blockchain - https://pro-blockchain.com/academy ► Наш Telegram - https://t.me/Pro_Blockchain ► Наш дашборд - https://pro-blockchain.com/dashboard ------------------------------------------------------------------------------------------------------- Кто любит слушать подкасты , подписывайтесь Apple Products от Pro Blockchain https://podcasts.apple.com/ru/podcast/pro-blockchain/id1499403647 Яндекс https://music.yandex.ru/album/10084756 ------------------------------------------------------------------------------------------------------- ✅Важные ссылки! ► Академия Pro Blockchain - https://pro-blockchain.com/academy ►Telegram группа - https://t.me/Pro_Blockchain ►YouTube Live - https://www.youtube.com/channel/UCpf4lgYwAf6H0MfWTiyqVNw ►Сайт - https://pro-blockchain.com/ ------------------------------------------------------------------------------------------------------- ✅Обучение ►Наша Книга о криптовалюте № 1 скачать можно тут
7 Habits expert Jennifer Colosimo discusses how to practice Stephen Covey's principles more consistently in your daily life. — YOU'LL LEARN — 1) The 7 Habits and why they're still relevant today2) How proactivity improves your effectiveness by 50X 3) The two habits that make the biggest difference in your career Subscribe or visit AwesomeAtYourJob.com/ep623 for clickable versions of the links below. — ABOUT JENNIFER — Jennifer Colosimo is a 7 Habits expert as well as President of the Enterprise Division for FranklinCovey. She has led teams in operations, human resources, IT, sales, learning and development, and corporate social responsibility while with Accenture, DaVita, FranklinCovey, and several private equity backed organizations. Her titles have included chief learning officer, COO, EVP, Vice President of Wisdom, and Vice President of Sales. She co-authored the book Great Work, Great Career with Stephen R. Covey, and has been a featured keynote speaker and panelist at numerous business, government, and education conferences. She has also delivered onsite training and keynotes to more than 50,000 people across 45 states and 12 countries. • Jennifer's book: Great Work, Great Career with Stephen Covey • Company site: FranklinCovey • Jennifer's Twitter: @jencolosimo • Jennifer's LinkedIn: Jennifer Colosimo — RESOURCES MENTIONED IN THE SHOW — • Book: The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen Covey • Book: Indistractable: How to Control Your Attention and Choose Your Life by Nir Eyal • Book: Flourish: A Visionary New Understanding of Happiness and Well-being by Martin Seligman • Book: Learned Optimism: How to Change Your Mind and Your Life by Martin Seligman • Book: Principles: Life and Work by Ray Dalio • Past episode: 311: Communication Secrets from FBI Kidnapping Negotiator Chris Voss • Past episode: 330: Becoming Indistractable with Nir Eyal — THANK YOU SPONSORS! — • Canva. Design like a pro–for less time and money at canva.me/awesome • Netgear. Enhance your WiFi at netgear.com/wifi See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Fortnite Lawsuit Continues, Intel Chiplets 7 nm, RTX 3080 NVIDIA, GalaxyNote20 | Tech Trends #00014 Fortnite Lawsuit Continues with Apple and Epic Games saying interesting things towards each other in and out of court. Intel Chiplets on 7 nm as they compete with AMD. RTX 3080 from Nvidia is showing up on South Korea's product registration. Samsung's Galaxy Note 20 has a camera that can zoom in 50X ( 50 Times ) , and Apple should maybe make this a feature on their phones. ----------------------------------------------------------------- Follow us on: Blazin Tech YouTube --► https://www.youtube.com/user/renejr2006?sub_confirmation=1 Facebook --► https://www.facebook.com/blazintech2 Twitter --► https://twitter.com/blazintech2 371fr2179 Tech_We_Love YouTube--► https://www.youtube.com/channel/UCemPpoIQfnm55TukxYk8UIA?sub_confirmation=1 Twitter --► https://twitter.com/Tech_We_Love Facebook --► https://www.facebook.com/TechWeLoveYouTube/ rjeverettvlogs Vlogs YouTube --► https://www.youtube.com/channel/UCxin5iGVGBzK-PzPWYmz0Mg?sub_confirmation=1 Facebook --► https://www.facebook.com/rjeverettvlogs Twitter --► https://twitter.com/rjeverettvlogs 371fr2178 ----------------------------------------------------------------- --- Support this podcast: https://anchor.fm/techtrendspodcasts/support
During these times that we're in right now, with COVID-19 and the restrictions we have going on, I have received lots of questions with regard to what should we do while we have this downtime, to best utilize it?Since I love answering questions and helping other people throughout their journey to cure from their common life, I wanted to have a real conversation with you and give you some actionable steps to develop one of the most powerful skills in your life and really take advantage of this stay-at-home period.Tune in and join me, to find out what you can do while you're on your own so that you can ethically capitalize on this time right now. Listen to Episode 10 of Cure For The Common Life, reach out for a pen and paper, and be ready to change the way you look at your past and current experiences, habits, and rituals.In this episode, you will learn:Some positive aspects of this whole pandemic. (03:09)The two types of questions people will have to answer when this crisis is over. (05:39)The importance of taking some alone time, every day, even if it's just for 15 minutes. (08:14)The skill that you need to develop, that is going to pay off 50X for the rest of your life. (09:20)Our future is a result of the rituals – good or bad – that we create for ourselves. (10:34)The characteristics that do not define forgiveness. (13:49)The two types of forgiveness: outward and inward. (15:19)How mastering the skill of forgiveness impacts our body, at the nervous level. (16:43)The analogy of “letting go of the peanut”. (18:45)My history with forgiveness. (20:55)Two essential things you have to remember from this episode. (23:30)A simple exercise that will help you start developing the skill of forgiveness. (26:25)Let's connect!WebsiteTwitterFacebookInstagram See acast.com/privacy for privacy and opt-out information.
During these times that we’re in right now, with COVID-19 and the restrictions we have going on, I have received lots of questions with regard to what should we do while we have this downtime, to best utilize it?Since I love answering questions and helping other people throughout their journey to cure from their common life, I wanted to have a real conversation with you and give you some actionable steps to develop one of the most powerful skills in your life and really take advantage of this stay-at-home period.Tune in and join me, to find out what you can do while you’re on your own so that you can ethically capitalize on this time right now. Listen to Episode 10 of Cure For The Common Life, reach out for a pen and paper, and be ready to change the way you look at your past and current experiences, habits, and rituals.In this episode, you will learn:Some positive aspects of this whole pandemic. (03:09)The two types of questions people will have to answer when this crisis is over. (05:39)The importance of taking some alone time, every day, even if it’s just for 15 minutes. (08:14)The skill that you need to develop, that is going to pay off 50X for the rest of your life. (09:20)Our future is a result of the rituals – good or bad – that we create for ourselves. (10:34)The characteristics that do not define forgiveness. (13:49)The two types of forgiveness: outward and inward. (15:19)How mastering the skill of forgiveness impacts our body, at the nervous level. (16:43)The analogy of “letting go of the peanut”. (18:45)My history with forgiveness. (20:55)Two essential things you have to remember from this episode. (23:30)A simple exercise that will help you start developing the skill of forgiveness. (26:25)Let’s connect!WebsiteTwitterFacebookInstagram See acast.com/privacy for privacy and opt-out information.
I know I always say that I have a special guest but this time my guest is like...really, really special. I've been wanting him to come on my show for a looong time and YAY! He finally made it! And he is none other than my very best friend, Val Yakovchik. I'm very, very excited for you guys to meet him and jive with him on this episode because we're gonna be talking about the incredible success of his business, MoxieLash. He has a huge vision and such a deep passion for what he does. He also shares how he has built such an amazing, powerful team. MoxieLash is a magnetic eyelash and liner company that he started about 2 years ago. He started the company from nothing— $0… and now it is a multi-million dollar company. He grew it 50X in just 2 years time! Talk about insane rapid growth!
In this episode, Bobby Ong, co-founder of CoinGecko is joined by Aaron Gong, Director of Binance Futures. Bobby interviewed Aaron on the story behind Binance Futures, features found in Binance Futures, as well as some of his thoughts and plans for what lies ahead of Binance Futures and the crypto derivatives.[00:00:02] Intro[00:01:36] Background on Aaron Gong[00:02:23] Experience working at CME Group[00:03:39] Becoming the Director of Binance Futures[00:04:57] Blitzscaling culture in Binance [00:07:21] Growth in crypto derivatives in 2019[00:08:50] How the Risk Engine and Insurance Fund work[00:13:12] How margin works in Binance Futures[00:15:32] Advantages of using Binance Futures[00:18:36] Users of Binance Futures[00:25:09] Thoughts on Binance JEX[00:27:03] 2020 Plans for Binance Futures[00:44:00] Where to follow Binance FuturesQuotes from the Episode:“Right now, we have around 16 million USDT in insurance fund as far as I remember.” [00:13:05]“The cross collateral feature does provide users the option to use asset in their spot account as a collateral or USDT at zero interest and trade out Binance Futures.”[00:13:38]“I certainly think the total market size will be a lot larger. It certainly will grow at least 10X, eventually 50X and 100X of the spot market.”[00:22:22]LinksBinance Futures - https://www.binance.com/futuresCoinGecko - https://www.coingecko.com/Binance Futures on CoinGecko - https://www.coingecko.com/en/exchanges/binance_futuresSocial MediaBinance Futures: https://twitter.com/binanceCoinGecko:https://twitter.com/coingeckohttps://t.me/coingecko
Innovation Inside LaunchStreet: Leading Innovators | Business Growth | Improve Your Innovation Game
We’re all familiar with the concept that taking great risks can result in great rewards but shifting our mindset and perspective to actually take those huge leaps can be difficult. When we are so used to taking tiny baby steps and seeing incremental progress, we often find ourselves paralyzed with fear to take a big leap but that’s exactly what we need to do to reap the rewards. Allison Maslan helps business owners go from a 10% mindset to a 50X growth mindset, and in this episode, she shares her insights. Allison Maslan is the CEO of Pinnacle Global Network, a private mentoring and mastermind enterprise that is certified by WBENC. Along with her team of CEO Mentors, Allison has guided thousands of business owners over the past 10 years to scale their companies, fast-track their success, and create a more meaningful life. Allison is also the author of Wall Street Journal Best-seller, Scale or Fail, which outlines 17 different strategies for business owners to take their businesses to the next level. How can you get from a 10% mindset to a 50X growth mindset? Allison explains how she helps people through the fear factor of taking huge risks to get great rewards, and her strategies to drive innovative thinking and overcome fear. We also dive into how business owners can find their multipliers across all the different elements of the business, why letting go of control in your business can be scary but is critical to scaling up, and the five phases of building a team-managed company. Allison’s biggest advice to leaders is to replace yourself — find out why you should be focusing on working on your business instead of in your business. If you are ready to: get buy-in from key decision makers on your next big idea be a high-impact, high-value member that ignites change foster a culture of innovation where everyone on your team is bringing innovative ideas that tackle challenges and seize opportunities… Join us on LaunchStreet — gotolaunchstreet.com Mentioned in This Episode: Allison Maslan Scale or Fail, by Allison Maslan Pinnacle Global Network Homeopathic Academy of Southern California Dog is Good Cold Storage Construction
We have sold over 120 businesses here at Quiet Light but this is the first time we've employed the term text list. Does texting make your business blow up? The young entrepreneur we are talking with today is at the forefront of mobile marketing with his company, Conversmart. When done right, mobile marketing gives customers using smartphones personalized information so that they can get what they need exactly when they need it. SMS subscriptions have begun to bypass email subscriptions with their elevated engagement and conversion rates. Arri Bagah was a computer science major who learned coding to make money as a side hustle in college. After college, he got into messenger marketing with Facebook messenger at an ad agency. He started Conversmart and began to explore looking outside traditional marketing channels for his clients. Arris has quickly become an expert in the mobile messaging space, helping his customers generate millions in additional revenue. Episode Highlights: The difference between message marketing and email marketing by numbers. The advantages of message marketing. How the tool allows for easy customer opt-in. Specific examples of the client conversion rates. Growth opportunities for potential buyers. Categories or spaces where message marketing works best. Ways to collect subscribers. Average return on ad spend. Messaging frequency of a successful text messaging campaign. Costs to get started in message marketing. The ins and outs of opt-in compliance. Advice for all types of eCommerce businesses looking to use message marketing. Transcription: Mark: Joe recently you asked me to make a change to our site; a pretty simple change. And that was to give some of our buyers, the people that want to know when we release a new listing and put it back up a little bit, anyone that's out there wanting to buy they want to know when we release a new listing and they want to know first, right? Everyone wants to be first in line for that. So you made a suggestion which we're going to implement here in the coming months which is to add text messaging; SMS alerts when we release a new listing. And I know this didn't just come from you sitting around and saying hey… Joe: Yes it did. I come up with all these great ideas in my head. I don't get any help from anybody else; just a clarification. Mark: You know I'm not sure I want to; okay fine, this was 100% your idea based on somebody that you talked to on the podcast. Joe: Alright, that's true. Mark: Alright who did you talk to and why are we talking about SMS texting? It sounds invasive to me. It sounds like something I wouldn't necessarily want but the data doesn't really agree with me at all as it often doesn't. Joe: Yeah, it doesn't agree with you at all or me. Talk to teenagers this is what they do. And actually, they don't even text now it's just a snap. But in Seattle… Mark: You have to get on the TikTok train, that's where it is now; Tiktok. Joe: Actually that's true. Mark: Yeah so there you go. Joe: I'm hearing about that as well. You have a teenage girl so you know. Should we be talking about our kids? No, they don't want to hear about our kids. Mark: So we talk about my kids will be on here forever. And like it's two minutes each that's like 15 minutes. Alright, SMS text messaging let's get back on that. Joe: I was at a Blue Ribbon Mastermind in Seattle with Brad and Chris and this young kid gets up on stage and he presents on SMS text messaging and how it impacts engagement with customers and he starts talking about 98% open rates and much, much higher conversion rates. And the average order value in all of this stuff and somebody we know, somebody we've sold a business to engaged with him afterwards and hired him afterwards and his business has blown up. I don't want to give his name because people want to talk to him and we keep referring people to him and he's just trying to make a living and people want to talk to him about how he's doing it. So I'm not going to give his name but his business has absolutely blown up. So I ended up connecting with Arri; Arri Bagah, he's a kid guys. Yeah, he's a kid to me. I got gray on my chin. He's like 24 or 25 years old but he's at the forefront of the next evolution of e-mail marketing which is SMS marketing. It's capturing mobile phone numbers, doing specific marketing directly to that mobile number, and it's amazing. When you're online shopping now; this is how he describes it now, if you're online shopping on your mobile phone and someone says subscribe and you click on it and it's the old school way to subscribe it's your email address and then you've got to go confirm in your inbox and then all these multiple steps. Now with SMS and if it's done right and you subscribe you can confirm it right there on your phone and then you get that coupon code right there on your phone and then you could place the order right there on your phone. It's like so quick; 15 seconds versus multiple steps in multiple places. So there is a little bit of that and a whole lot of you want to help your customers, you want to get good information in front of them. They want information to get to them in a way in which they live now which is on their mobile devices SMS is the way to go. You don't have to check your e-mail. It just pops up. There's a blue dot. I'm looking at my phone right now. There's a blue dot on my phone right now. I think it's probably from you Mark. Somebody texted me and if I want to make it go away I have to click it. I have to do that. Same with Messenger and Facebook; it shows up on my phone. I could get rid of it. So the engagement is much higher, conversion rate is much higher; gosh if I could just give a statistic here. He gave me something like a 25 time ROAS, return on ad spend. So if you spend a dollar you're getting $25 back. That's amazing. I think they guarantee a 15-time ROAS. It's incredible. That's all I have to say about it. Mark: That's amazing. I think the emphasis here because we; let's bring this back to what we talk about on this podcast all the time, we're talking about buying and selling internet-based businesses and for somebody buying we're looking at how can we grow what we're acquiring here. And look we know Facebook we know Google but let's face it Mark Zuckerberg has gotten greedy. It's really, really difficult to make Facebook pay well. And if you had a 25 ROAS on Facebook you'd be selling a course next because that's what people do. You're usually happy if you have that 3 ROAS on Facebook. Google is the same sort of thing. And I think it's important for us to look outside of what we think are the most profitable marketing channels. Look all the data does actually point the same direction. The most profitable marketing channels are the ones that you own; email and email we know is cluttered so SMS text makes a lot of sense if you have permission to be able to send SMS texting because no one else is doing it. So it's going to be a really great channel. I'm excited to listen to this because you asked me to add this as an option. I'd like to hear from buyers as well would you want to have text alerts when we release a new list and I think it's a great idea to do. Obviously, it would be opt-in only but it would be a great way to be right at the forefront of that. I'm excited to listen to this and also learn how to implement this as a system within Quiet Light Brokerage. It's fantastic. Joe: Yeah. You just said opt-in only; you can opt-in, you can opt-out. All of that is right there. So you just invited all of the buyers in the audience to reach out to you and let you know so why don't you give out your cell number so you can have them all text you and say yeah man implement this. Mark: Yeah. Joe: No, don't do that. Mark: Or just e-mail me, Mark@QuietLightBrokerage.com and then when I reply they'll have my cell phone number because it's right there at the signature. Joe: I want you all to harass Mark and stay on top of him on this one because I think it's going to be a game-changer for you the buyers to be notified on your phone that there's a new listing that's launching. Right now we're launching one in four hours. Wouldn't you love to be notified two hours in advance of the e-mail launch? It would be great. I think it's a great service that we can do for you and I think it's a great service that all the e-commerce SAS content owners can do out there for their audience as well. So let's stop talking and go to it. Here we go. Joe: Hey folks Joe Valley here from Quiet Light Brokerage and today we're going to talk about something I'm pretty clueless on which is text marketing, SMS marketing, we've got an expert in the area. I met him at Blue Ribbon Mastermind one Ezra Firestone's Mastermind groups. His name is Arri Bagah. Ari welcome to the Quiet Light Podcast. Arri: Thanks so much for having me, Joe. Joe: I'm so glad you're here and I'm going to call out where you are actually because Ramone Van Miller has been on the podcast as well. He's a good friend of Quiet Light. We're actually out filming in California now telling his story and you're sitting in his kitchen because you're working with him on one of his businesses, correct? Arri: Yeah. That's exactly why I'm here. Joe: So folks those that actually go to the YouTube page and get to see this, you'll get to see a Ramone's kitchen in the background; at least his guest house at the very least. Alright, Arri tell us about what the heck is text message marketing and tell us a little bit about yourself and how you got into it. Arri: So I went to Roosevelt University in downtown Chicago for computer science and before I started I met a friend who had like a really nice apartment in downtown Chicago and I just asked hey how did you get that apartment? And then he was like hey I code and build websites. I was like cool I want that apartment. That's how he got this and that's probably what I should do too; to code web sites for people and make money. So fast forward I learned how to code throughout like the first semester. And then it will be like do a lot of the homework just like to learn how to do it myself. And then I decided if I can learn how to code myself then I can just like keep doing it. And that's where like my entrepreneurship journey started. I built a couple of web sites and then got into Facebook marketing. So I decided to move to LA. I got a job at an agency and before that's when I got into Messenger marketing which is a way for brands to leverage Facebook Messenger to market. So at Facebook Messenger marketing, we're seeing really good results. And at this agency, I was running Messenger marketing for like 15 different e-commerce brands at once and it was pretty, pretty crazy. I learned a lot. I got a lot of experience doing it. And I decided to do it for myself. And that's when I left that agency and started Conversmart. And we've grown pretty much since and then got into text messaging this year. And I'm super excited about text messaging because it's a whole different way for brands to be able to reach their customers. It's more direct. And a lot of the brands that we work with have seen really great results. So that's kind of like how everything started. Joe: So we've had you know guys like Mike Jackness who we're friends with, I sold one of Mike's businesses for him. He's an expert in e-commerce space. He runs EcomCrew. He talks all around the world on e-mail marketing with Klaviyo. Talk to; for those that are new to the space and text message marketing, talk to us about the difference in terms of the open rates and conversion rates and how you're able to reach people and things of that nature. Arri: Yeah that's a great question. I think email marketing is great. It still works. Billions of dollars generated each year through email. But the problem with email is that everybody is doing it. Especially with this season; the Black Friday holiday season, people are sending like 3 to 5 emails per day so as you can see the open rates and performance just completely drops when everybody is sending that much volume in emails. So the difference is that with text there are not a lot of people doing it. And if people are; people are super-specific to like which text or which brands they subscribe to so there's not a lot of competition when you're able to reach that customer directly. And one of the things that we've seen is that if you look at the traffic split for your e-commerce store the majority of the traffic is probably mobile already. So if somebody is like on their cell phone browsing your web site and you want to get them on your list right now brands have pop-ups and really if you give somebody a coupon and they have to leave your web site and go to their email check that email, get that coupon and hopefully come back to site and you can see how many distractions there are in the e-mail inbox. Joe: True. Arri: So there is friction right there already. Whereas with text you get that customer, they're already browsing on your mobile, you get them to opt-in through text, you send them a text, they get the coupon, they click and they're right back to your site. So it's a more direct way to reach customers exactly where they are. And really what we found is that we're not asking people to stop doing email marketing, we just want people to supplement the email marketing with text. Because with text you get 99% open rates, 10 to 20% click-through rates and usually double or triple the conversion rate over convert to like email. I'm working with Ramone like you mentioned on his brands. Really like he was telling me hey like our texts always like performs four times better than our emails let's do more text. So he's sending more text messages now which is something that we help with. We can talk more about what type of content people like. So we come up with really good content that people like and we're able to send it directly to them. They come back to site. They make [inaudible 00:13:29.5] just so that's like I think the big difference between email whereas email has gotten really overused and then text is just like this new channel that allows people to reach their customers directly. Joe: Let's talk about some of the steps that someone would take if they were going to move into text message marketing. With emails there's opt-in and unsubscribe and things of that nature, what's the equivalent of that with text message marketing? Arri: Yeah, so you can't talk text marketing without compliance. So with text messaging, we have to get people to double opt-in. I think the reason why people have these misconceptions about text messaging is because they've probably subscribed to a list before and people are just like spamming them. Or they didn't even subscribe and then they got messages. So one of the things that we do today is that we make sure that people are double opting in and that's one of the reasons why we see these high open rates and click-through rates because people are actually expecting you to text them rather than somebody is going through like a form and then you get their phone number and by surprise they receive a text and they're like why is this brand or business texting me. So we make sure that people are consenting to receiving those texts and that's the reason why we see really good results with it because people are now expecting you to go. Joe: So it starts with the double opt-in just like e-mail and you're capturing then those customers where currently either on someone's website on a laptop, PC, Mac, or whatever it might be or on the mobile device where you've got that pop up asking them to enter their phone number I assume obviously to get a discount or a coupon or to get information in the future. I see pop-ups all day long when I'm on websites. That's what it would be on the mobile phone or mobile device when you're asking for a phone number is that right? Arri: Yes. So basically we mostly only do it on mobile and the experience is really great because we don't even have people typing in their phone number. All they do is they tap the pop up twice and it opens up they tap to pop up the first time it opens up their messaging app they send the message and they get opt-in and we get the phone number through that. That is all powered by our platform partner called Pop Script. So yeah you know… Joe: It sounds like a breeze. Arri: Yeah like when you ask someone to put in their e-mail for a discount a lot of people put in their fake emails and especially with phone number you can expect people to put in like 222 and then whatever to get that discount, right? Now we've bypassed that by getting them to like actually send a text. So that's another compliance step that makes sure that your brand is fully compliant. So they send a text, they get opted in, and that's when they get that welcome message and get opted into the automated flow, abandon cart, and all those different things. So that's kind of like how it's set up. Joe: Okay. So can you talk to us about specific examples where you've had a client that's just been doing e-mail marketing and they brought you on board and what the change was in terms of their open rate, their conversion rate, their total revenues, and things of that nature so people listening either as current owners of online businesses or potentially buyers of online businesses and looking at growth opportunities as a buyer as well. Can you help out with an example or two? Arri: Sure. Yeah, we have a lot of examples. So one of the things that I wanted to mention is that your e-mail list is an asset and your text list is also an asset. And those are people that you can reach out to get them to make a purchase even after the rising cost of Facebook ads and all these different things. These are people that you can reach out to because you own that customer list. So if you're buying a business and they have a text list it's a really great asset to own. Joe: I got to tell you I've sold 120 businesses in the last 7 years and I don't think I've ever asked the question do you have a text list nor has anyone ever said well Joe you're asking about the e-mail list what about my text list? So it's rare. I assume it's coming in the future and that's why I've got you on today. But is the text list usually the equivalent of any e-mail list; smaller, larger, how big are they? Arri: You can have like large text lists and they usually work way more than your email list just because of the difference in the performance like being able to reach someone directly. So a few examples I think I've been like working with Ramone like you mentioned like when we started working together they were doing a lot of emails. So everybody that we work with it's always hesitant. It's like you know what I've never signed up to receive texts from a business. I don't see why anybody else in the world would want to receive texts from a business. So this is one of the things that we get all the time. And one of the things that we say is that you're not your customer. Like your customer doesn't live the same way. There are people out there who are looking to get like deals sent directly to them so they can save money. And there are all kinds of people out there who are willing to receive texts and most customers are and we have data to prove it. So that's the first thing. And then when we started doing the text messaging, when we launched our promotions and stuff like that we saw that text was performing four times better than e-mail. So we started to like send more text messages. Joe: In revenue what we got four times more revenue than email? Arri: Yeah. Joe: Do the math on that. People if you're listening and you have an e-mail campaign gosh Mike Jackness that's; ColorIt was huge on the e-mail campaigns, text messaging four times the revenue. That's crazy. Crazy good and it's time that we sort of adopted text messaging. I know that it's hard to ignore when it comes through because if you want that blue or green or whatever color of dot you have on your phone when a text comes through if you want it to go away you have to open the text. Arri: Yeah. And the crazy part is that looking at the millennial group like over I think it was 80% or so opened that text within 90 seconds. I think it was something like that. And yeah people don't always open every text they receive. So that's one of the great things about this. So we send our texts even for this Halloween campaign and things that we just launched every single text that we sent we saw well above 10 or 15% or so click through rates and the conversion rate was at least like 6% or so. And with text like you mentioned people open it and then they want to take to action, right? It's very short. And one of the things that we do is that we add images and GIFs. We design all these custom-built before; our design team does all that stuff. And I think that's one of the biggest value propositions is that we do the creative for the text so that it's not like somebody is just receiving a text from you they're also receiving like engaging content. So we design these GIFs and we improve the conversion rate. So every time we send like a GIF and text compared to just sending text we see twice the conversion rate when we add the engaging GIF. So those are some of the designs that we do. Joe: So for all non-millennials out there the proper pronunciation is GIF, it's not JIF clearly. That's an ongoing joke in my house. Sorry, I'm sharing a joke, people. So it's a visual aspect to it, it's just not content, they can see the images which is proven to bring more emotions to the surface and obviously convert higher. Are there any sort of categories or spaces in terms of products; e-commerce where it works better than others or certain things that you've tried and it just wouldn't work. You know Quiet Light Brokerage we've got a list of; you and I talked about this, we've got people that want to be notified and get notified when we launch new listings. I would think that text message marketing would work brilliantly for them because they'd get instantly notified instead of having to check their email. In Ramone's space, in his category, it works obviously brilliantly. Are there any spaces where you find that; I'm sure there are people that are listening and going oh yeah but I run a such and such type of business, it wouldn't work for mine? Is there anything that; is there truth to that, any that you can think of, or some categories that work better than others? Arri: That's a great question. I think the reason why people ask that is that they probably think that their customer is different than like everybody else. And the answer to that is as a business all you're doing is providing a solution to a problem to a specific group of people. And if your product works and if you have happy customers those people would want to hear from you and that's the reason why I say text works for like any space. I don't think there's any sort of brand that we work with that we saw okay their customer is not responding to text. And the reason is like I said you're solving a problem for these people and these people want to hear from you. So every single time it doesn't matter what space you're in or what product you promoted. It has always worked for their target audience. Joe: Okay, so we've talked about how to capture more phone numbers on the mobile devices, how to reach them, what the conversion rate is, usually four times the amount of revenue in e-mail marketing, and the fact that it works for every category in your opinion. What about A-cost or return on ad spend or average cost per order, how does that compare to e-mail marketing or if you're familiar with the FDA space things of that nature, do you have a sense in terms of whether it cost less or more in terms of cost per order service text marketing? Arri: Yeah, that's a good question but I wanted to add on to the ways that we collect subscribers real quick. One of the things that we've been doing recently is actually like leveraging Facebook and Instagram ads; lead ads to get more phone numbers. So when we run these text campaigns we realize text is performing way better so why don't we supercharge our text list. So we started running Facebook ads to get people to opt into just text directly through Facebook and then they're able to get on your text list so you can put them through nurturing flows. This was one of the performance methods that we've been using. Going back to your question which I completely forgot. Joe: No, I love where you just went. I wrote my question down so I can look down and ask it again. But you're talking about what would be in e-mail flow that Mike Jackness has always talked about with Klaviyo. You're doing the same thing with text message marketing. Arri: Yeah. Joe: What did you call it; what was that flow you called it just now? In terms of like okay everybody, listening can remember but you and I can't; skip it. It's the flow of nurturing, right? Arri: Yeah. Joe: How you're going to nurture that customer along and help them, help them, help them, and then give them something that they could take action on. I was asking about average cost per order or return on ad spend; what are you seeing there? Arri: Yeah the average return that we see for the plan that we work with is a 25, or the minimum return is 25X and usually for brands that we work with… Joe: Cut it down, 25X? Arri: Yeah. Joe: So I spend $10 and I produce $250; is that right? Arri: Yeah. Joe: So I did that really good math. I spend a dollar and I get 25 back. That's easier math for you and me. Really 25 times? Arri: Yeah. Joe: I'm seeing on e-commerce businesses between when they're doing e-mail all sorts of PPC, Facebook, Google AdWords, whatever it might be but all of it combined with Google as well where the average cost as a percentage of total revenue is somewhere between 9 and 15%. You're talking an incredibly low number here. Arri: Yeah. Joe: It sounds too good to be true. I don't mean to talk over you but people I just want to like hammer home on it really 25 times? Arri: Actually I'm being super conservative here. Joe: Really? Arri: Yeah. So the reason why is that the way we do text messaging we're already like we're capturing for the most part people who are already interested in your brand. So people who are on your web site. So you have good website traffic. That's the reason why text works a lot because we're getting people who are interested and then we're able to reach them directly on their smartphones and then you create really custom automated flows and really great broadcast. So that's how we're able to get really high returns. Like I don't think we have like any brand that's getting lower than like a 50X, to be honest. But we like to say we guarantee a minimum of 15X return. But yeah we get really high returns. And I don't even want to go with the ones that are getting like 200X or whatever because that will scare people. Joe: There's going to be a limit to what they can spend if they're getting even a 50X or 15X I guess the limit would be the total number of phone numbers that you have and how often you send these messages, right? I mean with e-mail I know that with Klaviyo; Mike's campaign on ColorIt, he would send e-mails all the time. They were helpful educational e-mails and really in that regard and then there would be a promotion where they could get a discount or a sample pack or something like that. How often are you sending text messages on one of these nurturing campaigns or flows as you call them? Arri: Yeah so we break down the messaging by automated flows and one time messages which is basically broadcasting. So with the automated flows, we like to send; when somebody subscribes we can send them a message immediately with like whatever the offer was and then we can send reminders. We send like two reminders within 24 hours for them to take action. And then on top of that, we have the [inaudible[00:28:04.1] and if they do not take any action or purchase then we'd get them into the Welcome Series which we can send that every three or four days and we'd like to stop after like five messages. We always give people like the reply stop to unsubscribe because if somebody signs and just said then we rather have them unsubscribe and save us some text money. And there was always that option. And then if they get into abandoned carts we have two series abandoned cart recovery messages that we send out until they make the purchase and then we go in to post-purchase. So with post-purchase, you can do a lot of things with like product-specific flows. If somebody bought this product you can say hey; you can upsell them other sort of products are related. So we can get really nitty-gritty with that. And then we have the one-time messages. With broadcasting, we recommend sending at least twice a week. I've seen people who have like text lists and then never want to message them because I think they're scared that hey they're going to receive too many messages. I really talked to a brand yesterday and they're like yeah we sent only one text a month and I'm like yeah you guys need to be sending at least like 6 to 10 maybe 2 every week because you're just going to like double how much revenue you'll generate. Joe: Right. And if the customer doesn't want to hear from you they're going to opt out; as simple as that. Arri: Yeah. Joe: That was the approach Mike took with Klaviyo and ColorIt as well; send as many as you can, be as helpful as you can, and let them know if they don't want to get any messages they can opt-out. It sounds like your approach is the same with your clients. Arri: Yeah. And I think that content really matters too. It's not about just like blasting sales. I think people think that because we are having all these crazy resources that we're always doing sales but we rarely do sales. It's always like short and sweet content with like a GIF that kind of illustrate what we're trying to say that engages the customer more into taking action and in between, we add like sort of small discounts. So it's not always about sending like hey we're doing like a storewide 20% off or whatever. You can actually send like a content. Joe: Okay. Talk to me about the cost to get started with something like this. I mean with Conversmart your business; that's Conversmart, there's no T in there folks but we'll put it in the show notes as well. How does someone get started dollar-wise? What's a test look like in terms of giving it a shot and seeing if it works and how many times do they have to really test it? What do you recommend to new clients that are coming in? Arri: Yeah. So SMS at the very bottom of the funnel so I recommend having a good amount of traffic; at least 20 to 30,000 web site visitors in order for it to work if you just want to do bottom of the funnel but if you want to use the Facebook ads to start growing your list which is a really good strategy because with the Facebook ads you get people to opt in to your text list and those people who were opting in are also buying which is paying for the cost for you to acquire those leads. So you're basically getting free leads. Joe: That's something beautiful. Arri: And then we'll tell you about because that's probably we've been doing hey let's get more free leads. So that strategy works really well. So we get people to opt-in through the web site and then we also get people to send some automated messages. Those are some of the great ways to start. So first you got to get people to opt-in. You have to have the traffic. You get people to opt-in by having a pop-up or on your mobile device or you do the Facebook ads and once they opt-in then you have to send messages. I think Thank You messages is the most important part lke it goes back to e-mail, right? I've met some people and it's always the same situation; it's like hey I have this e-mail list but I'm not even e-mailing them. It's the same with texts. You have to text the people who have subscribed. And it's always great to text at least once a week so when are you doing your promotion so these people are not completely forgetting about your brand or who you are. So it's a great way to stay top of mind while generating revenue. Joe: But budget-wise though for people going should I try this, is something I can give it a go, do they have to have a thousand to 5,000 or 10,000 dollars set aside to test this with? What do you recommend? Arri: You can get started fairly easy. In fact with our partner Postscript which is the platform that we use; if you own a Shopify, it's the one that we work for Shopify but if you're on another platform we can definitely chat about that. But it's super simple to get started in fact I can give you guys like free 1,000 credit if you want to try out text messaging. You can give them the link or something like that. Joe: Yeah, great. We'll put that in the show notes. Arri: Yeah you get charged by how many messages you send if you want to do it yourself. There is no platform fee or anything like that. So once you get those credits you can start sending and see kind of like what the results look like. And like I said it's only going to cost you if you send the text messages and be able to tell if it's working or not. So it's very simple to start. Joe: Okay. So it's all about the number of texts that you send. First, you've got to capture as many phone numbers as possible and get them to opt-in. Like we've got a fairly large list after a decade of email addresses and phone numbers, we can't just use those phone numbers we've got to get them to opt-in first, correct? We're going to follow the law. Actually, they opt-in to receive information from us anyway via email would that apply for their phone numbers as well? Arri: No they have to have opted in for the text. Joe: I got it. Arri: So if it said like only for them we're going to finish up 5 today check here to opt-in for the e-mails it has to also say text otherwise they're not opting in for the texts. Joe: That's good to know. Okay, any last thoughts for people with e-commerce businesses in terms of text or actually I'm saying e-commerce but I would imagine this would work for SaaS and content businesses as well, right? Arri: Yes. In fact like even with like a B2B company. I got a text. I signed him up for like a demo and he's texting me and we actually had a conversation. So this is a great way to like follow up with people if you're like not even in the e-commerce space. You can text them… Joe: It worked for you and worked for Quiet Light too so I don't know why I'm thinking only e-com. Arri: Last words; if you're an e-commerce business I definitely recommend looking at text because it's going to be the number one way people are going to be communicating. As emails are being sent even more I think there's going to be like over 319 billion e-mails sent in the next year or whatever so text is a great channel for you to reach those customers and you don't have to go all in. You can do like small tests and kind of see what the results look like. So yeah I highly recommend checking it out and doing some small tests to kind of see what the results look like for you. Joe: Okay and it looks like they can reach out to you and get a free consultation as well. How do they find you? What's the URL that they'd reach you at or things of that nature? Arri: Yeah. So Conversmart.com, that's where you'll be able to find us, you'll kind of see like kind of an overview of what we do with text messaging. We take a really different approach to text messaging that people haven't seen before especially with the content that we send and the creative that goes along with that content. That's really what helps brands double that conversion rate when they send all these text messages. And also as an agency, we take over the entire channel for you. So basically you can sign up and basically, you just see like money come in from text messaging after a couple of weeks and then we just give you all the reporting. You don't have to do anything besides approving the content and everything. So we'll basically like take over the entire channel for you. And that's pretty much like what we do for every brand that we work with. We don't want them to like worry about getting 11% open rates and 1% click-through rate over email. We can supplement that by sending people text messages that they actually like. And people are going to convert from those text messages. Joe: Excellent. Well, I know that what you're doing is working because you're hanging out with the likes of Ramone and that is rad. So you're doing something right. There's no question about it. Anybody out there that's interested in reaching out to Arri just go to Conversmart.com. Arri I will see you at the next Blue Ribbon Mastermind event and when Ramone gets back from filming today which he's doing for Quiet Light thank you, Ramone, give him a high five. Tell him I said hello. Arri: Yeah. Joe: Thanks for your time. I appreciate it. Arri: Alright. Thanks for having me. Links and Resources: Conversmart Free 1000 Postscript credits
Block.Science Founder, PhD @Penn AI/Decision Engineer, Complex Systems Research. Tweets about math, engineering, humans and society. @mZargham on Twitter ######## You can support Pretopia by subscribing to Pzizz: Pzizz helps you quickly quiet your mind, fall asleep fast, stay asleep, and wake up refreshed. It uses beautiful “dreamscapes” — a mix of music, voiceovers and sound effects designed using the latest clinical research — to help you sleep better at night or take power naps during the day. Available for iOS and Android. Pretopians can get a 25% discount using the code "PRETOPIA" on the Pzizz site. You can redeem by going to the buy page and using the code PRETOPIA, or tapping this link: https://pzizz.com/buy/?code=pretopia Also, every week we will be giving away one free annual license and 50X 50% discount codes to the first 50 Pretopians who rate, rewiew, and share the podcast! Send us a screenshot or link to enter the weekly raffle: pretopiafm@gmail.com --- Send in a voice message: https://anchor.fm/pretopia/message
Trent McConaghy AI*blockchain. Founder @OceanProtocol - @trentmc0 on Twitter ######## You can support Pretopia by subscribing to Pzizz: Pzizz helps you quickly quiet your mind, fall asleep fast, stay asleep, and wake up refreshed. It uses beautiful “dreamscapes” — a mix of music, voiceovers and sound effects designed using the latest clinical research — to help you sleep better at night or take power naps during the day. Available for iOS and Android. Pretopians can get a 25% discount using the code "PRETOPIA" on the Pzizz site. You can redeem by going to the buy page and using the code PRETOPIA, or tapping this link: https://pzizz.com/buy/?code=pretopia Also, every week we will be giving away one free annual license and 50X 50% discount codes to the first 50 Pretopians who rate, rewiew, and share the podcast! Send us a screenshot or link to enter the weekly raffle: pretopiafm@gmail.com --- Send in a voice message: https://anchor.fm/pretopia/message
When it comes to biomass, giant reed ticks all the boxes. It’s a perennial grass that grows in marginal soil. It meets renewable fuel standards and sequesters a substantial amount of carbon. Not only that, giant reed revitalizes soil and facilitates an extremely high yield. So, what are its applications? Is there any downside to using it as raw material for products or fuel? Wendy Owens is the founder and CEO of Hexas Biomass, a producer and distributor of sustainable biomass that can supplement or replace wood in multiple applications. Wendy’s team is dedicated to using sun, water and land to benefit people and the planet through renewable resources. Today, she joins Ross to discuss the process of growing giant reed for use in products or to produce energy. Wendy explains why giant reed does not displace food crops, describing how it takes up chemicals in the soil and facilitates carbon capture. She also addresses the trees displaced by giant reed, the concerns around bioremediation, and the risk of giant reed becoming an invasive species. Listen in for insight on how Hexas Biomass serves as an ecospecies bank and learn about their partnership with IKEA to replace a portion of the wood in its particle board with giant reed! Key Takeaways [0:54] Wendy’s path to reversing climate change Experience in materials engineering and biotech Giant reed = ecologically sound plant with multiple applications [2:13] What attracted Wendy to the giant reed Positive impact on soil and environment Least land necessary for highest biomass Sequesters substantial amount of carbon [4:30] Why giant reed does not displace food crops Grows in marginal soil, high salt content and wastewater Revitalizes soil and gives farmers income [5:52] The benefits of producing giant reed Take up chemicals and put nutrients into rhizome Harvest green to use in digestor to produce energy [7:45] How Hexas Biomass serves as a producer and distributor of giant reed Ecospecies bank of ecotypes Project to replace portion of wood in IKEA particle board [9:05] Wendy’s insight on the trees displaced by giant reed Wood from public lands (retire trees vs. cut down) [11:08] A comparison of giant reed vs. tree yields 3K—5K tons per big tree (40-year life cycle) 2K tons per 100 acres of giant reed in single year 50X more biomass of giant reed in 80 years [12:27] The perennial nature of giant reed Plant once and harvest multiple times (i.e.: grass in yard) Low maintenance, high yield and pest resistant [13:47] The potential uses for giant reed Replacement for wood (furniture, flooring, energy pellets) 3X more ethanol per acre than corn [18:11] The trend in manufacturing around finding nearby fuel sources In service of energy independence Hexas policy to grow within 60 miles of manufacturing facility [20:38] The Hexas Biomass ecospecies bank Collections of types of giant reed used to growing in certain conditions Apply to new locations that work best (highest yield, fewest resources) [22:44] How Hexas mitigates the risk of giant reed becoming an invasive species Create buffer zones and monitor with drones Chipped up to point where can’t grow [27:03] How giant reed crops facilitate carbon capture Rhizome serves as energy storage facility, grow more stalks next year Don’t till soil every year (keeps carbon in ground for 20-year life cycle) [32:02] The Hexas Biomass business model Find customer wants to use giant reed to replace wood Long-term contract with farmers not using land (rural revitalization) [34:26] Wendy’s insight on the risks around bioremediation Depends upon application (Will pollutant remain inert?) Effort to apply to new purpose without causing harm [38:05] What’s next for Hexas Biomass Promote opportunity to glean more customers Pursue partnerships with timber companies Connect with Ross & Christophe Nori Nori on Facebook Nori on Twitter Nori on Medium Nori on YouTube Nori on GitHub Nori Newsletter Email hello@nori.com Nori White Paper Subscribe on iTunes Carbon Removal Newsroom Resources Hexas Biomass The Land Institute The Land Institute on RCC EP062 PGE Study on Replacing Coal with Giant Reed Using Closed-loop Biomass to Displace Coal at Portland General Electric's Boardman Power Planet Carbon Implications
Want to know how to run a social media contest that gets phenomenal ORGANIC results? We just ran one recently for the NSPIRE Awards Show and got over 23,000 impressions plus 50X the engagement we normally get. Absolutely phenomenal! Check out all the ingredients for your own social media contest recipe.
In this episode Bruce explores the worlds of Epic backup and recovery using ProtectPoint as well as Healthcare Cyber Recovery with Jason Jones, Epic Global Partner Account Manager and Mike Murphy, Healthcare Data Protection Specialist. Mike and Jason first outline the backup and restore requirements as specified by Epic. Mike then describes ProtectPoint, how it’s used to backup and restore Epic databases, and some of the impressive results being seen in the field. Jason and Mike then highlight the various health care cyber threats that must be addressed, and highlight the interesting fact that a healthcare record is 50X more valuable than a credit card record on the black market. They then explore the best practices, products and services from Dell to address Health Care Cyber Recovery.
The Earth’s moon is one of the most mysterious objects in our solar system, and literally goes against a number of Laws of physics; begging the question “Why is it there?”WTF Moments: The Earth's moon is HUGE- more than 50X bigger than it should be based on our plant's size and gravitational force. "It seems easier to explain the nonexistence of the moon than it's existence." - smart NASA guy Processed metals have been found on moon rocks, including Titanium, Brass, Uranium 236 and Neptunium 237- soooo, how did they get there? Check out our website!Contact us!Support the show (https://www.patreon.com/join/cocktailsandconspiracies?)
Welcome to this value packed episode of the New World Marketers Podcast. In this episode Adam discussed 3 simple productivity hacks for getting more done and bigger results in less time. Everyone has the same amount of hours in a day and some entrepreneurs, who are promoting the exact same products or services are get 10X, 50X and even 100X better results (leads, sales, income etc.) than others. A major reason for this is that some entrepreneurs are tremendously more effective with their time than others. These 3 productivity tricks and hacks are easy to implement right away to get an instant spike in results and in the episode I challenge you to use them and watch what happens to your results.
The news this week from Johns Hopkins University was that erectile dysfunction (ED) in men doubled the risk of having a heart attack, stroke or even a heart death. It is a clue NOT to be ignored. In fact, other studies have identified a risk much higher, even 50X higher, if ED is present. It may be the clue that saves a life so if you have or know anyone with ED, have them get the advanced cardiovascular check up and lifestyle training that may save their life and restore their joy and performance.
“Is this year going to be more challenged than last year” when it comes to talent acquisition. "Yes" is the nearly unanimous answer! Consequently, recruiters and HR are scrambling to chase top talent. Unfortunately traditional recruitment practices that just aren’t working anymore. One underutilized but massively successful solution is video which might explain its explosion of popularity in every marketing strategy except … you guessed it: HR! My guest for this episode is Abby Cheesman, co-founder of Skill Scout. In this podcast we explore: Why companies should be using video for talent acquisition How companies should be using video for talent acquisition What are some of the pitfalls to avoid when using video for talent acquisition Let’s start with what was one of my favorite quotes from Abby:” Job descriptions are lame. They are the last thing candidates want to read but they’re often the first touch point. The job description is a legal document; a list of requirements that doesn’t tell anything about the look-and-feel of the job or company culture.” Using video to post a job tells a story. It helps differentiate your company from your competitors. “It serves as a purposeful piece of the recruiting puzzle,” Abby told me. She offered an amazing statistic that tells it all: “When you use a text- based job description, people recall 16% of what they read …and that’s being generous. With video people recall 65% of what they see and hear on a video. On top of that, visibility skyrockets with video. Search engine marketing explodes because video is 50X more likely to be shared than text. Everyone wants to be #1 on Google but many recruiters don’t realize that the 2nd largest search engine in the world is YouTube! And since YouTube is owned by Google, video helps Google rankings too. And here’s one more twist. Skill Scout’s research has shown that candidates are not just going direct to job boards or company career sites to search for jobs. They are first going to YouTube to find jobs and learn about your company before searching on job boards like Indeed and Careerbuilder. Video opens up a whole new channel and source for talent acquisition. What I shared so far is just the tip of the iceberg. Now that I whet your appetite for why and how you should be using video for recruitment, it's time to download or hit play! As an added bonus, Abby shared this “Skill Scout Video Recipe,” a free checklist with questions to ask and clips to capture. Click here to download. In addition, here’s the link to a 1-minute video about how to set your shot with a smartphone. And here's the link to Abby's article 5 Ways to Introduce Video into Your Candidate Experience.
Recruiting top talent in 2018 - from the production floor to the C-Suite - will be more competitive than ever. To reach and engage qualified candidates, organizations must stand out. And no matter how creative the text-based job posting, text is still text and it pales in comparison to the power of video. For example, video is watched and shared 1200% more than text and images. The impact of video in search engine rankings is 50X greater than text and video. How can recruiters and HR take advantage of the power of video. Join Ira S Wolfe and his guest The Video Godfather Lou Bortone, author the new book Video Marketing Rules. In this podcast you will learn what it takes to convert your cold-and-corporate job postings to warm-and-engaging. It's much easier than most people think and the ROI can be spectacular. Don't forget to check out Lou's website at www.loubortone.com and grab a copy of his book Video Marketing Rules. And while you're shopping don't forget to pick up a copy of my new bestseller Recruiting in the Age of Googlization.
It’s our follow-up to “Academy Award nominees appearing in cash-grab sequels,” as we follow Batman Returns with The Lost World: Jurassic Park, featuring Academy Award Nominee Julianne Moore! Several years after the events of the first film, the almost unrecognizable Dr. Ian Malcolm heads to a second, “lost” island where the dinosaurs have flourished in isolation to find Sarah (Moore), his dino expert girlfriend. For no reason, his 12-13 year old daughter tags along. But the environmental observation is ruined when a team of EVIL poachers appear, ready to embark on a plan 50X dumber and more irresponsible than Jurassic Park’s “clone dinosaurs and then make people buy plane tickets to come and see the dinosaurs.” Featuring an all-star supporting cast (Vince Vaughn, Pete Postlethwaite, Peter Stormare) and one of the best action directors ever, the film still manages to be pretty terrible, thanks largely to a script that makes characters actively sabotage their own survival for little to no reason and behave in incredibly dumb ways whenever the script demands.
I. Eagles vs. Falcons Recap - 7:04Includes Beers for the BoysII. Eagles Week 1 Game Ball Goes Too? - 9:20III. Week 1 Around the NFL Recap - 9:15IV. Rocky Balboa Legend of the Week Award - 21:10V. Chris' Cash Out - 25:25VI. Big Ben and Jerry Jones' Son - 27:17VII. Bust or Breaks - 29:19VIII. Eagles Preview vs. the Bucs - 36:23IX. Shit that Happened in 60 Seconds - 40:50X. Survivor League Picks - 42:08XI. Vent about the Phillies feat. Matt Killian - 44:10Support this podcast at — https://redcircle.com/brotherly-love-sports-podcast3438/donations
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