Podcasts about acquired

Discover how does it take to raise $80 million and build a $500 million real estate portfolio. In this powerhouse episode, Steven Pesavento shares how he went from flipping homes to structuring sophisticated equity and credit offerings for institutional-grade multifamily deals. He breaks down his investment philosophy—centering around asymmetric risk-reward—and dives into how he builds deep trust with investors through storytelling, transparency, and strategic communication. Steven also unpacks the mindset shift required to move from operator to capital allocator, and why aligning with operators who have “skin in the game” is critical for investor success. If you're ready to play at a higher level in real estate, this episode delivers the blueprint.5 Key Takeaways from Steven Pesavento's Episode:Shift from Flipping to Fund Management: Steven transitioned from active fix-and-flips to managing institutional capital through equity and private credit vehicles.Trust is Built Through Transparency: Consistent, transparent communication—and asking the questions LPs are afraid to ask—builds credibility and long-term investor trust.High Net-Worth Investors Seek Simplicity: Most investors want strong operators, not to become one. Steven's education filters help investors make empowered decisions without overwhelm.Operators Must Have Skin in the Game: Alignment of interests through co-investment is non-negotiable in Steven's underwriting of operators.Asymmetric Risk is the North Star: Steven prioritizes opportunities with capped downside and outsized upside—putting investor protection at the center of every decision.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

What happens when you build a company specifically to sell it—and then execute that plan? Liz Saunders went from running registration at Seller Summit to delivering the closing keynote, all while building Fluencer Fruit, the Chrome extension that helps Amazon Influencer creators optimize their content strategy. In this powerful episode, Liz reveals her entire exit playbook, from reading "Exit Preneur" before she even started building to keeping GAAP-compliant books from day one. But this isn't just an acquisition story—it's a masterclass in understanding the Amazon Influencer ecosystem, where creators earn 1-4% commissions and brands are discovering that video converts better than text, and UGC converts better than brand videos.—Sponsored by OMG Commerce - go to (https://www.omgcommerce.com/contact) and request your FREE strategy session today!—Chapters: (00:00) Re-Introducing Liz Saunders (03:30) The Journey of Fluencer Fruit(07:20) Amazon Influencer Program Insights(10:09) Shifts in Influencer Marketing(13:35) Brand Strategies for Influencer Engagement(19:05) Multi-Channel Selling(21:31) Building and Selling Fluencer Fruit(28:03) Insights from the Sales Process(32:05) Future Endeavors—Connect With Brett: LinkedIn: https://www.linkedin.com/in/thebrettcurry/ YouTube: https://www.youtube.com/@omgcommerce Website: https://www.omgcommerce.com/ Relevant Links:Liz's LinkedIn: https://www.linkedin.com/in/liz-saundersFluencer Fruit: https://fluencerfruit.com/_Past guests on eCommerce Evolution include Ezra Firestone, Steve Chou, Drew Sanocki, Jacques Spitzer, Jeremy Horowitz, Ryan Moran, Sean Frank, Andrew Youderian, Ryan McKenzie, Joseph Wilkins, Cody Wittick, Miki Agrawal, Justin Brooke, Nish Samantray, Kurt Elster, John Parkes, Chris Mercer, Rabah Rahil, Bear Handlon, JC Hite, Frederick Vallaeys, Preston Rutherford, Anthony Mink, Bill D'Allessandro, Jeff Oxford, Bryan Porter and more

Gary Cohn was National Economic Council Director in the first Trump administration, and now he's weighing in on U.S. inflation data and the nation's future monetary policy. If it were up to him, Cohn says he'd try cutting rates–just a little. Ben Gilbert & David Rosenthal are hosts of Acquired, a podcast boasting interviews with guests like Nvidia's Jensen Huang, Mark Zuckerberg, and Howard Schultz, as well as a million listeners per episode. Ten years into the project, Gilbert and Rosenthal discuss how they built such a loyal following–and how they monetized in the evolving media landscape. Plus, NYC Democratic Mayoral candidate Zohran Mamdani spoke directly to corporate America executives this week, and private assets may soon be part of 401(k)s.  Gary Cohn - 16:03Ben Gilbert & David Rosenthal - 35:31 In this episode:Joe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

This content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.----------------------------------------Hey friends,After 10 incredible years of building Causeartist solo, I'm excited to share something personal with you.Last year, some amazing partners who believe deeply in the mission and future of Causeartist reached out. I knew from the initial conversation it was the right fit.The Pay It Forward Company (PIF) has officially acquired Causeartist, and I couldn't be more energized about what this means for the next decade.What's changing?Nothing about the core mission or voice will change. I'm still the founder of Causeartist and will continue to lead our daily content, podcasts, and community—just with more support, more resources, and a bigger vision.What's new?In addition to running Causeartist, I've also joined the PIF Venture Team as a partner. This means I'll be working more closely with early-stage impact startups and the people building infrastructure for a better world. More on that soon.Joining PIF feels like the perfect move at the right time.Their values align perfectly with everything Causeartist stands for: purpose-driven ventures, impactful innovation, and paying it forward.You can learn more about the venture side of the firm here and the advisory side here.To everyone who's subscribed, shared a post, tuned into the podcast, or built something impactful—you've helped Causeartist grow into what it is today. And now, we get to grow even further, together.We have some exciting things happening in the future.Here's to the next decade.

A daily Chronicle of AI Innovations in July 2025: July 15th 2025Calling All AI Innovators | AI Builder's ToolkitHello AI Unraveled Listeners,In today's AI Daily News,

Tiffany Pearson-Kilgore and Ashley Rutland are cousins and co-founders of 'Planned To a T,' a financial education nonprofit. Discover how the duo transitioned from education to founding their organization aimed at teaching financial literacy to underserved communities. They share the skills they've transferred from teaching to running their nonprofit and impactful advice on financial wellness. Learn about their innovative workshops, the importance of needs vs. wants, and their mission to close the wealth gap among young people. Come for the inspiration; stay for the personal anecdotes and invaluable insights into classroom management, resourcefulness, and the significance of good debt.▬▬▬▬▬ Resources ▬▬▬▬▬Tiffany Pearson-Kilgore: https://www.linkedin.com/in/tiffanykilgore27/Ashley Rutland: https://www.linkedin.com/in/ashley-rutland-73a22915/Ari Stein: https://www.linkedin.com/in/aristein/Trey Roth: https://www.linkedin.com/in/treyroth/Darrell Booker: https://www.linkedin.com/in/darrellbooker/Planned to a T: https://www.plannedtoat.org/Guy Raz, the one word: https://www.linkedin.com/posts/guyrazpodcasts_the-one-word-every-entrepreneur-must-learn-activity-7336025450290323458-wn6G/Howard Schultz on Acquired: https://open.spotify.com/episode/4c0HfHEdkcaHLXyyM5KFAF?si=b0077fd126fd4cd7Instagram: https://www.instagram.com/cacklemedia/TikTok: https://www.tiktok.com/@cacklemediaX: https://x.com/CackleMediaLLCYouTube: https://www.youtube.com/@CackleMediaLinkedIn: https://www.linkedin.com/company/cacklemedia/Support the pod when signing up for Descript / SquadCast: https://get.descript.com/transferableskillSign up for our newsletter: https://shorturl.at/WDrfTWant to be a guest on the show?: https://shorturl.at/umZ2l▬▬▬▬▬ Timestamps ▬▬▬▬▬00:00 Introduction and Guest Welcome00:56 Guests' Backgrounds and Career Paths04:28 Founding "Planned To a T"05:49 Financial Literacy and Education09:03 Challenges and Strategies in Financial Management19:00 Teaching Skills and Classroom Management23:24 The Importance of Presentation Style23:53 Classroom Management and Relationship Building28:09 Resourcefulness and Assertiveness in Business33:16 Financial Literacy: Personal Experiences and Lessons40:27 The Value of Good Debt43:47 Reflecting on Past Jobs and Future Goals46:43 Conclusion and Final Thoughts

In this episode of Talking Cloud, Yair Herling and I discuss the evolving landscape of cybersecurity, focusing on exposure management and the importance of remediation strategies. We explore the challenges of cyber war, the balance between fear and hope in security, and the role of AI in enhancing cybersecurity measures. The conversation emphasizes the need for collaboration among security tools and the human element in technology, highlighting the importance of personal connections in an increasingly digital world.

In this episode of ELI, we sit down with Amey Naik, co-founder of 'I', a homegrown, AI-powered social media application aiming to create a unique space in the Indian market.Amey shares his journey from working in service-based and product-based companies like Capgemini and Salesforce to taking the entrepreneurial leap. He delves into the origin story of 'I', a platform that combines the best of social media with innovative AI features.Discover what sets 'I' apart from giants like Instagram and Facebook, from its AI face and video swap tools to the unique 'iCoins' system that rewards users for engagement, and a 'Family Tree' feature that brings a new dimension to social networking. Amey also discusses the rise of "Social OTT" and the future of vertical, short-form video content.Join us as we explore the challenges and opportunities of building a social media platform for India, the strategy behind acquiring over 1.5 lakh users in a year, and the vision for creating a seamless ecosystem for creators, brands, and users.Chapters(00:00) Intro(00:33) Amey Naik's Background Before Entrepreneurship(02:07) The Origin Story of 'I' - An AI-Powered Social Media App(03:49) How 'I' Differentiates from Instagram and Facebook(05:26) AI Tools, Face Swaps, and Family Tree Feature(06:58) Why Will 'I' Succeed in the Indian Market?(08:08) What is Social OTT?(10:24) How 'I' Acquired 1.5 Lakh Users in One Year(14:40) The iCoins Concept: Incentivizing Content Consumption(16:42) A Deep Dive into the AI Features of 'I'(21:47) Thoughts on AI-Generated Content and Deepfakes(24:35) The Rise of Vertical Content and Social OTT(29:37) The Future Vision for 'I': A Platform for Brands and Creators(34:24) Why Hasn't India Produced a Global Social Media Platform?(38:16) Why Amey is Confident About the Success of 'I'(40:48) Closing Thoughts on Data Sovereignty and Indian Tech

#499 Climb Part 2 - A Game of Gear Inches Welcome to Episode #499 of the 303 Endurance Podcast. We're your hosts Coaches Rich Soares and April Spilde. Thanks for joining us for another week of news, coaching tips and discussion. July is bike climbing month here in the front range. Pikes Peak climb last weekend and this weekend we have two iconic events with serious climbs - Saturday is the Triple Bypass Ride with 10,800 and 118 miles and Sunday is the Boulder Peak triathlon with 3 miles of 10%.    Show Sponsor: UCAN UCAN created LIVSTEADY as an alternative to sugar based nutrition products. LIVSTEADY was purposefully designed to work with your body, delivering long-lasting energy you can feel. Whether UCAN Energy Powders, Bars or Gels, LIVSTEADY's unique time-release profile allows your body to access energy consistently throughout the day, unlocking your natural ability to finish stronger and recover more quickly!   In Today's Show Announcements and News  Ask A Coach: How to improve my climbing? Get Gritty Tip: The Four Agreements TriDot Workout of the Week: FTP Fun Segment: Triple Bypass Trivia!   Announcements and News: Our Announcements are supported by VESPA Power today. Vespa Power Endurance helps you tap into steady, clean energy—so you stay strong, focused, and in the zone longer. Vespa is not fuel, but a metabolic catalyst that shifts your body to use more fat and less glycogen as your fuel source. Vespa comes in CV-25, Junior and Concentrate. Less sugar. Higher performance. Faster recovery.  Home of Vespa Power Products | Optimizing Your Fat Metabolism Use discount code - 303endurance20   TriDot Pool School July 26-27. https://www.tridotpoolschool.com/component/eventbooking/pool-school/tridot-pool-school-20250726-844-986-401-167-857/94?Itemid=762   Ask A Coach Sponsor: G2G Endurance Your watch gives you data. But does your training plan know what to do with it? Ours does. Grit2Greatness Endurance Coaching has partnered with TriDot to deliver custom workouts powered by cutting-edge analytics. You bring the sweat, we'll bring the smarts. Start with a free 2-week trial, then keep building for only $14.99/month. We have our sign-up links waiting for you in the show notes—click one and let's geek out on your progress. Website - Grit2Greatness Endurance Coaching Facebook page @grit2greatnessendurance   Coach April Spilde April.spilde@tridot.com TriDot Signup - https://app.tridot.com/onboard/sign-up/aprilspilde RunDot Signup - https://app.rundot.com/onboard/sign-up/aprilspilde    Coach Rich Soares Rich.soares@tridot.com Rich Soares Coaching TriDot Signup - https://app.tridot.com/onboard/sign-up/richsoares RunDot Signup - https://app.rundot.com/onboard/sign-up/richsoares   Ask A Coach: What gearing do I need for X Grade Climb?  When the road tilts upward, smart gearing can make or break your climb. Whether you're grinding up a 5% incline or crawling up a brutal 15%, choosing the right gear ratio is key to maintaining an efficient cadence—ideally around 80 RPM. Here's a breakdown of ideal gear inches and recommended chainring/cassette combinations for gradients from 5% to 15%. Gear Inches Table | BikeCalc   Takeaway Tips: Lower gear inches help maintain cadence on steeper grades. A compact crankset (e.g., 34/50T) paired with a wide-range cassette (up to 31T or 32T) gives you the flexibility to tackle tough climbs. For gradients above 12%, consider a granny gear setup or even a 1x drivetrain with a wide-range cassette.   Get Gritty Tip: The Four Agreements Get Gritty Tip: Master Your Mindset with The Four Agreements This week, let's talk about The Four Agreements—a powerful framework for living with intention, resilience, and clarity. These four simple principles can help us break free from limiting beliefs and live with more purpose in both triathlon and life. 1. Be Impeccable with Your Word. Your words create your reality. In triathlon, this means speaking positively to yourself and others. When you talk about your abilities, your goals, and your progress, choose words that empower and uplift. If you say, “I can do this,” you're setting yourself up for success. But if you tell yourself “I'll never get faster” or “This is too hard,” you're building mental barriers. Choose words that propel you forward. 2. Don't Take Anything Personally. People's opinions and reactions are a reflection of them, not you. In triathlon, you'll face challenges, setbacks, and criticism, whether it's a tough race, a hard workout, or someone questioning your pace. But remember: It's not about you. Their words and actions are influenced by their own journey. Instead of letting it derail you, stay focused on your own path, goals, and growth. 3. Don't Make Assumptions. We often create stories in our minds about what others think of us or what we think is happening in a race or workout. But assumptions only hold us back. Instead, ask questions, seek clarity, and stay open-minded. Don't assume you know the outcome of a race or a workout before you even begin. Focus on the process, not the assumptions. 4. Always Do Your Best. This one's simple but powerful: give everything you have in each moment. Whether it's an interval, a long ride, or an intense swim, always give your best effort. And remember, your best changes from day to day. Some days you'll have more energy, and some days will feel like a struggle. But as long as you show up and give your best, you are making progress.     Action Item: Apply The Four Agreements to your training this week. Focus on the words you use, let go of external opinions, stay clear of assumptions, and always do your best. This simple mindset shift will help you approach both your triathlon journey and life with more clarity, resilience, and grit.   TriDot Workout of the Week: Functional Threshold Power   Today's workout is a Functional Threshold Test (20-minute) Session Note Conducting time trial (TT): Goal is to hold pace you can sustain for the entire TT without blowing up early or having enough left to kick at the end.   10 min @ Z2 with 3 x 30 sec (30 sec) Spinups and 3 x 1 min (1 min) @ Z4   20 min - all out maximal effort   Be sure to enter/confirm your assessment results to update your training intensities and race projections.     Fun Segment: Triple Bypass Trivia! It's time to shift gears and test your mountain mettle with the Triple Bypass Trivia Showdown! Whether you've tackled this legendary Colorado ride or it's still on your bucket list, these questions will challenge your knowledge of one of the most iconic endurance events in the U.S. Grab your water bottle, clip in, and let's find out if you're a seasoned alpine expert—or just coasting! When did the first Triple Bypass ride take place? A) 1978 B) 1988 C) 1998 Answer: B) 1988 — One July day in 1988, a group of avid cyclists decided that it would be fun and challenging to ride from Evergreen to the Vail Valley, Colorado. And so it was. Thirty-seven years later and thousands of more friends beside them, the Triple Bypass is an epic bucket-list ride.   True or False: The full Triple Bypass covers approximately 118 miles with over 10,000 feet of climbing. Answer: True — The classic route takes cyclists over three mountain passes and gains roughly 10,800–10,000 feet in elevation. But what about the Double Bypass?  Answer: A good entry ride, The Double Bypass covers 801 miles and gains 6,500 feet of elevation over two mountain passes: Loveland and Vail. The Double Bypass start location for 2025 is in Empire.  Which three mountain passes are included in the full Triple Bypass route? A) Juniper, Loveland, Vail B) Independence, Kenosha, Red Mountain C) Monarch, Cottonwood, Hoosier Answer: A) Juniper, Loveland, Vail — These iconic Colorado climbs define the course. True or False: The event is a competitive race with official timing and podiums. Answer: False — The Triple Bypass is a non-competitive, fully supported challenge ride focused on endurance, experience, and personal accomplishment.    Roughly how much has the event donated to charity since its inception? A) $500,000 B) $3.5 million C) $10 million Answer: B) $3.5 million — Over the decades, the ride (organized by Team Evergreen Cycling) has contributed millions to nonprofits.   Boulder Peak Close The first Boulder Peak Triathlon was held in 1992. It quickly became one of Colorado's most iconic triathlons, known for its challenging course, especially the infamous Olde Stage Road climb. Over the years, it has attracted both elite and amateur athletes and has been a staple of the summer triathlon season in Boulder. Would you like a timeline of its notable milestones or how the course has evolved over the years?   Here's a **timeline of notable milestones** in the history of the **Boulder Peak Triathlon**, one of Colorado's most iconic endurance events: Boulder Peak Triathlon Timeline   - **1992****Inaugural Race**   - Founded by Paul Karlsson and David Jensen.   - Featured the now-famous **Olde Stage Road** climb.   - Attracted top pros like Dave Scott and Mark Allen in its first year.   - 400 participants and a $500 prize purse.   - **1996****Pro Women's Head Start Introduced**   - Suggested by Paula Newby-Fraser to increase spectator excitement.   - Created a dramatic “chase” dynamic between men and women.   - **Early 2000s****Ironman World Championship Qualifier**   - Boulder Peak briefly served as a qualifier for Kona, elevating its prestige.   - **2004****Ownership Change**   - Sold to **5430 Sports**, run by Barry and Jodee Siff.   - Continued to grow in popularity and professionalism.   - **2009****Acquired by Life Time Fitness**   - Became part of the Life Time Triathlon Series.   - Integrated into a national network of high-profile triathlons.   - **2014****Returned to Local Ownership**   - Taken over by **Without Limits Productions**, led by Lance Panigutti.   - Renewed focus on community, athlete experience, and local flavor.   - **2017** **National Recognition**   - Named one of the **Top 15 Most Amazing Triathlons in the U.S.** by *The Culture Trip* [1](https://www.withoutlimits.co/boulder-peak-triathlon-duathlon).   - **2020****COVID-19 Cancellation**   - Like many races, the event was paused due to the pandemic.   - **2021–Present****Resurgence**   - Strong return with growing participation.   - Continues to be the **crown jewel of the Colorado Triathlon Series**.   Thanks again for listening this week. Please be sure to follow us @303Triathlon and @grit2greatnessendurance and of course go to iTunes and give us a rating and a comment. We'd really appreciate it! Stay tuned, train informed and enjoy the endurance journey!

Agenda: [00:00] The AI Talent Crisis No One's Ready For [03:00] Daniel Gross and Nat Friedman: Why Two Legendary VCs Walked Away From $1B to Join Meta [12:00] Meta's AI Talent Magnet: Will It Actually Work? [15:00] Cursor Is Breaking the Market: Can Anyone Compete? [18:30] OpenAI's SBC Bombshell: More Stock Comp Than Revenue [22:00] CoreWeave's Power Play: Buying Their Landlords [26:00] Is Circle Next to Go Shopping with Meme Equity? [28:00] PE Is Back: The Olo Take-Private Explained [35:00] Why Triple, Triple, Double, Double Is No Longer Sexy [41:00] QSBS Hack: The Billionaire's Tax Loophole You're Missing [48:00] Microsoft's AI Layoffs: Salespeople Are Dead, Long Live Engineers [50:00] “If You Need a Week to Learn AI, You Should Be Fired” [53:00] Will Sequoia's Sean Maguire Be Pushed Out? Place Your Bets [57:00] Will There Be a Recession in 2025? Jason Bets $75K It's a No [1:00:00] Is Linda Yaccarino Still CEO of X by Year-End? [1:03:00] Circle and CoreWeave's Meme Rally: Real or Mirage?  

Inside INdiana Business Radio for the afternoon of July 10, 2025. Officials in the South Bend-Elkhart region are celebrating the success of regional collaboration. Plus, an automotive components manufacturer in North Vernon has been acquired, and an alternative school operator is calling for the state to reinstate funding for alternative schools after it was slashed in the latest state budget. Get the latest business news from throughout the state at InsideINdianaBusiness.com.

July 10, 2025 ~ WK Kellogg is set to be acquired by an Italian candymaker. Mayor of Battle Creek, Mark Behnke, joins Kevin to discuss the impact this will have on Michigan and the state.

Send us a textWelcome back to the Laundromat Resource Podcast! In this episode, host Jordan Berry is joined by Amy Berkowitz—an inspiring entrepreneur whose laundromat journey is packed with lessons, laughs, and real-world wisdom you don't want to miss.Whether you're thinking about buying your first laundromat, already own one, or are exploring pickup and delivery services, Amy's story is truly for everyone. She takes us through her pivot from a longtime marketing strategist to laundromat owner after an unexpected career shakeup. Get ready to hear how she launched a branded pickup and delivery business, leveraged her industry know-how to score not one, not two, but three laundromats—including a “free” location—and wove her personal story into a nonprofit supporting breast cancer patients with free laundry service.As you listen, you'll get an inside look at the importance of building a strong brand, the power of networking, taking bold risks, and betting on yourself. Amy holds nothing back as she shares the challenges and triumphs of entrepreneurship, the realities of funding your dreams, and how to find true joy—even when you're knee-deep in dirty laundry.If you're seeking practical advice, a dose of inspiration, or just want to hear a great story from someone who truly “gets it,” this episode's for you. Grab your favorite beverage, settle in, and enjoy this uplifting conversation with Amy Berkowitz on the Laundromat Resource Podcast!In this episode; Jordan and Amy discuss:00:00 "Laundromat Mastermind Group Launch"06:33 Car Wash Advertising Expansion10:31 Seeking Change After Corporate Life19:32 "Coping Well Through Treatment"22:11 Software Donation Feature Development28:26 Mentorship, Partnership, and Marketing Success33:39 Entrepreneurship: Overcoming Loneliness Through Podcasts38:35 Power of Diverse Networking46:30 Consulting Call Reflection51:05 Leaving Corporate for Entrepreneurial Marketing56:15 Home Equity for Laundromat Investment01:00:11 Over analysis and Risk-taking Journey01:04:31 Essence of Non-Passive Entrepreneurship01:11:28 "Reopening Challenges and New Ventures"01:14:30 Opting for Cash Over Financing01:22:31 Ongoing Cleanup and Renovation Efforts01:28:09 Branding Crucial in Business Growth01:30:51 FOMO in On-Demand Ownership01:39:01 "Laundromat Acquisition Strategy"01:41:22 Community Engagement in Laundromats01:48:29 Networking and Connection Strategies01:52:28 "Amy's Instant Classic Episode"Show Noteshttps://laundromatresource.com/show202ResourcesEmail: amy@bubbleslaundryservice.comConnect With UsYouTubeInstagramFacebookLinkedInTwitterTikTok

Shawn O'Malley and Daniel Mahncke break down LVMH (ticker: MC), an iconic luxury goods empire with brands ranging from Louis Vuitton to Moët, Dior, Chandon, Hennessy, Tiffany, Bulgari, and Tag Heur, among others. It's a powerful conglomerate built by one of the world's richest men, Bernard Arnault, known as the “wolf in cashmere” for his ruthless consolidation of power in the luxury industry. In this episode, you'll learn how Arnault built the LVMH empire, what makes “true luxury” so special and different from other types of businesses, the parallels between LVMH and Berkshire Hathaway, what the backbone of this conglomerate is, whether there's actually a backdoor way to buy LVMH shares at a 20% discount, whether the stock is currently fairly valued, plus so much more! Prefer to watch? Click ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to watch this episode on YouTube. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 15:57 - How Arnault got his start and took control of LVMH. 20:56 - What inspired Arnault to build a luxury conglomerate. 24:05 - How LVMH benefits from economies of scale. 30:31 - Which brands drive business the most. 51:59 - What factors matter most in luxury purchases. 56:07 - What are the most important markets for luxury goods? 01:00:59 - Whether the backdoor way to buy LVMH shares at a discount is too good to be true. 01:08:03 - Whether LVMH is fairly valued and whether it's added to the Intrinsic Value Portfolio. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Sign Up for ⁠⁠⁠⁠⁠The Intrinsic Value Community.⁠⁠⁠⁠ LVMH's rich history of tradition and desirability. Business Breakdowns' 2022 episode on LVMH. Acquired's podcast on LVMH. Financial Times' profile of Bernard Arnault. WSB645: The King of Luxury with Christian Billinger. WSB643: The Luxury Strategy with Christian Billinger. Bernard Arnault's 2024 interview with CNBC. Explore our previous Intrinsic Value breakdowns: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nintendo⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Airbnb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠AutoZone⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Alphabet⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ulta⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠John Deere⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Madison Square Garden Sports⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out the books mentioned in the podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy ad-free episodes when you subscribe to our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try Shawn's favorite tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠sponsors⁠⁠⁠⁠: Harvest Right Connect with Shawn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Connect with Daniel: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ HELP US OUT! Help us reach new listeners by leaving us a ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠rating and review⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Inside INdiana Business Radio for the afternoon of July 2, 2025. A monthly survey from Purdue University shows a drop in optimism among U.S. agriculture producers largely due to trade uncertainty. Plus, an Indianapolis manufacturer of drilling rigs has been acquired. Get the latest business news from throughout the state at InsideINdianaBusiness.com.

Keith discusses the evolution of the real estate market over the past five years, highlighting a 43% price surge from March 2020 to June 2022 due to low mortgage rates, remote work, and government stimulus. By 2024, single-family home prices stabilized, but apartment values dropped by 30%.  Mortgage rates have remained around 6-7.5% for 20 months, with national home prices rising 2% in the past year.  We introduce two listener guests: Josh Fang, a 28-year-old investor who bought five properties using his income from a mortgage loan officer job, and Nate O'Neil, an experienced investor who leveraged his corporate job to fund his real estate portfolio.  Show Notes: GetRichEducation.com/560 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Welcome to GRE. I'm your host, Keith Weinhold, over the past five years, the real estate market has changed forever. So what are you supposed to do now? Then I talked to two GRE listener guests back to back. Here's some relatable stories this week on get rich education.    Mid south home buyers. I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis, and have globally attractive cash flows, an A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis. Get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com.   Speaker 1  1:48   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. You   Keith Weinhold  1:58   Keith, welcome to GRE from Augusta Maine to Augusta Georgia and across 188 nations worldwide. I'm Keith Weinhold, and you are back inside get rich education if you got trapped in a cave back in 2020, and then you came above ground into the sunlight of 2025 and wondered what happened to the real estate investment market over the last five years. Here's the answer, and what it means to you, even if you weren't trapped in a cave, and I sure hope you didn't have to fight off a bat colony either. During the pandemic housing boom of 2020, to 2022 housing demand soared, in fact, from March of 2020, to June of 2022, prices surged a staggering 43% and rents ballooned too. And that was all amidst a few things, ultra low mortgage rates, a remote work boom and government stimulus. And for many, this unlocked Americans work from anywhere arbitrage. High earners were able to keep their income in, say, New York City or LA, pack up their laptop and head for state income tax free havens like Tampa or Nashville, and builders could not keep up. See housing supply, stock is not as elastic as demand. It's like steering a cruise ship. It doesn't turn out a dime. Inventory was drained, and you know, we had a full on housing supply crash that dipped to its Nadir in February of 2022 but just after that, all types of interest rates spiked later in 2022 to help stifle rising inflation, and what that did is that that quickly quelled homeowner affordability. Return to Office mandates began to gain momentum. National housing demand pulled back a near 180 was quickly underway. Sales volume tanked, and that put a lot of people in the industry out of business, realtors, mortgage loan officers, even furniture companies out of business by 2024 prices in the single family to fourplex space stabilized just with a slow growth rate, but apartment values lost as much as 30% from 2022 to 24 due to devastating interest rate resets under shorter term loans, and meanwhile, the income required to buy a modest starter home rose from 49k in 2020 to 101k last year. That's pretty NAR and the term forever renter became both a meme and a. Reality, and since construction, efforts to build have been uneven, apartment supply actually exceeds demand in a lot of markets, and over in the one to four unit space by adding inventory, there's now 30% more available year over year, but it remains under supplied nationally, especially like I've discussed in the Northeast and Midwest, where building has been meager to completely non existent. That's why it can still feel impossible to find a house in much of Ohio or New Jersey, but you can rent an apartment in Austin, Texas faster than you can get a Wendy's drive through order. Mortgage rates have now stayed in this same range of six to seven and a half for 20 months, and national home prices are up just about 2% in the past year. Now, when Trump began his second term in January of 2025 markets got giddy with business friendly optimism, but this Trump bump that reversed fast when he slapped half the planet with tariffs housing demand cooled again, because no one buys a house when they feel like their job might vanish, alright? So amidst all of that. How do you adjust your strategy with what's changed over the past five years? Well, real estate still pays five ways, and since you're not betting it all on price growth like you would be with most other asset classes, this way, you've always got a side to play with. Affordability down now, rental demand is heating up. With more inventory on the market for you to purchase, there are more motivated sellers, especially those shiny build to rent homes. You do still have to deal with mortgage rates that are higher than they were four or five years ago. Refinance on the rate dips if there's low inflation rates fall if there's high inflation, well, then your debt arose faster. So this is what I mean about you having the ability to play both sides today, and this is big, the number of renter households are at a record high, and they're rising. Landlords are giving fewer concessions. Increasingly, they hold the cards in the single family rental space and annual rent growth is expected to heat up from its current zero to 3% Well, what is next? Short term housing value should stay stable, but not sore, and don't count on a big mortgage rate drop at all for the rest of the year long term, expect more inflation in strong demographic demand. Those things are almost certainties, and that's the good part for real estate investors. So really the overall market report card today, let's grade it out in a report card, sellers are doing just okay. Buyers are strained. First time home buyers are in the worst, the roughest shape. I mean, they grade out at an F single family rental landlords are in good shape because people that want to buy a single family home can't, so they rent apartment landlords, they are strained, and renters are holding steady. They're doing pretty well until steeper rent increases kick in. So really, the bottom line here is that it's been a more tumultuous five years than usual. Housing demand lapse supply and now it's coming closer back into balance today, home prices are stable, the amount of buyers are waning, and the hordes of renters are growing. And where are we today? Well, earlier this month, our president called our Fed chair a numbskull.    Donald Trump  8:56   If we cut our interest by one point for years, we save 300 billion. If we cut it by two points, we save because it's pretty equivalent we're going to save, we're going to spend 600 billion a year. 600 billion because of one numb skull that sits here. I don't see enough reason to cut the rates now.   Keith Weinhold  9:21   oh dear leaving you with a little knee slapper on the five year summary there. Look poor and middle class people feel like everything is expensive. That's because they pay for everything with money they've exchanged their time for. That means they feel like they're paying for everything with their life, because they are and that's exactly why money feels like a scarce resource. Instead, real estate investors pay for things according to what our assets are producing for us and what other people's money is producing for us. And that's why we can pay for what we want, and money feels like an abundant resource, not a scarce one. That's what today's two listener guests discovered somewhere along their path, fueled by this show. Now sometimes I answer your listener questions here on the show when you write into us at get rich education.com/contact, other times, I bring listener guests right here onto the show. That's what we're doing today. Today's both happen to be based in California. The first guest is a young investor, and the second guest more experienced. These were just recorded. Understand they aren't professional speakers. And also, if you bear with a few early audio difficulties with our first guest, you're going to be rewarded with some relatable takeaways. Our first listener guest, Josh Fang, started listening to the get rich education podcast as a college student in 2016 or 17. He first heard episode 84 that's when Robert Kiyosaki made his first appearance here. That episode was called the rich don't work for money. Then he went back to Episode One and listened to them all, 560 episodes. Now let's meet him.   This week's GRE listener guest is a 28 year old real estate investor based out of Irvine, California. That's SoCal, and he has already reached what he calls semi work, optional status, fantastic. He's been a GRE listener since 2017 that was at age 20 when he was a junior in college. The GRE podcast inspired him to become a mortgage loan officer, and he's become a top performer at doing that, originating loans after graduating college. He used the money from that mortgage loan officer job starting at age 22 to buy five income properties, two through mid south home buyers and three elsewhere. By the way. Again, he's 28 now. GRE quite literally shaped his adult life, and having enough passive income to fully retire is pretty much his only goal. Now he's got passion for talking financial freedom through smart borrowing, strategic thinking and action over perfection. Oh, I love that. Hey, welcome to GRE. Josh Fang, thank you for having me. I really appreciate it here on the show, I talk about borrowing and lending a good bit, because if you're gonna make something of yourself, you need to leverage the efforts of others. So tell us about how you got your first job in the mortgage industry and how it set the foundation for your investing journey. Josh,   Josh Fang  12:31   when I graduated, it was really rough. I had a business degree which didn't really open up too many doors. At that time, I couldn't find a job for six months, I was just applying everywhere that I could. Now keep in mind this entire time, I'm looking for a job. I'm listening to your podcast, and you know, how can I the income and the money to purchase some rental properties for some passive income? And one company responded to my resume for a mortgage company. So I was able to get an interview, and I actually got the job by quoting, you know, mortgage guidelines that I learned from your podcast. Your Podcast, such as, for an FHA loan, you need three and a half percent down. For a conventional you need 20% down, just the most basic of the most basic mortgage guidelines. And actually was able to land a job, and in the very beginning, they start you off pretty much. I mean, as a telemarketer, it's pretty rough, long hours, you work weekends, I was making $17.48 at the time per hour, and with that basic income, the 17.48 an hour, I actually was able to buy my first rental property without even the two years work history. And the way I did that was by using my college degree as work history, because there is actually a guideline to where, if you have degree that is in the same field as where you work, it does actually be counting work history. And it was really funny at the time, I was living with my parents, another document that I needed to go through underwriting. I needed a letter from my dad, a signed letter from my dad saying I didn't pay rent because I was living at home. And off that 17.48, an hour, I was able to buy my first rental property. And from mid south home buyers, everyone there was so great. They were so helpful in helping me through the loan process, through selecting a property, and I was able to close. And the time that I bought my first rental I was only 22 years old.   Keith Weinhold  14:20   This is remarkable on a few levels, with just those few lines, about three and a half percent down FHA or 20% down conventional that sounded compelling enough for someone to want to give you an opportunity and then off that modest starting wage, how that really helped you accumulate to buy income property and yeah, when you're buying in those investor advantage places, those prices are low, but that's still pretty remarkable that you were able to do that. So talk to us some more about that, buying your first rental property at age 22 surely younger than most people about that process and the mindset and really that leap of faith that it takes Josh because most people are not doing this.   Josh Fang  15:00   Yeah, absolutely. And I think I had a really big leg up in terms of mindset, because I was starting to listen to your podcast when I was so young, when you're young and you're growing up and you're a young adult in college, you know, you hear from your teachers, your parents, your friends, older people, and they say, oh, invest in the stock market. Buy a primary residence to live in. And the big thing that I learned is I don't live in the same world as the world that my parents grew up in, and I can't invest the same as well. Great point there's, I live in Southern California. The medium house price of where I live in, in the city of Irvine, is $2 million yeah, that's ridiculous. I would never, ever be able to purchase a primary residence out here, and buying stocks are at all times highs. I mean, that's arguable, but I think stocks are quite overfit. So investing there didn't make too much sense. And what you always talked about in terms of building a second flow of income, having that be passive to where I don't need to work regularly, is what really motivated me to move towards that. And in terms of making the first step, I think the most important thing by far, is just setting a goal, saying at least for myself, it was, hey, I want to own a property. I want to provide safe, affordable housing to a tenant, and I want to be able to make money off of that, to where I don't need to do something physically for it every single day. And then after that, it just about taking the steps. The first things first is I reached out to some of the house providers. In that case, it was mid south home buyers, gave them a call, spoke to them, say, Hey, can I please be put on your list? Perfect. Then it was just continuing the work, doing more research, continue listening to your podcast, learn tidbits here and there, lots of Googling, lots of Googling, looking up terms that I didn't understand when I read through the analysis of the property. Hey, what does this mean? What does that mean, Googling it, learning one step at a time. And then when it came time and I was actually receiving properties that I could buy, it was about getting the mortgage, and it was about, hey, let's just move one step at a time. Okay, today I need to get these documents, and the next step, I need to get these documents. And before you knew it, I was signing with a notary closing on my first property,    Keith Weinhold  17:10   the autodidactic approach, meaning the self taught approach, with some assistance from my show. But yeah, oftentimes listening to the show can be the stimulus to make you want to learn more, probably, because I talk about the why for real estate, and if you don't know your why, you won't care about how So Josh, are you doing something that some people do in high cost areas, like you live in in SoCal? Are you renting your own place? And then you provide rental housing to others outside your own area. In investor advantage places is that your setup?   Josh Fang  17:44   100% where I live in Irvine, it is extremely, extremely low crime. Everything's a planned unit development. It is beautiful out here. There's trees, there's lots of different foods from different cultures. I absolutely love living here. The only issue is is it's ridiculously expensive. I live in a very nice luxury apartment complex, and I pay of extremely high rent that normal people probably wouldn't be able to pay. But rather than coming out of my pocket, I use the cash flow for my rentals to pay for my rent over here. So it's kind of like I'm building equity, even though I'm just renting, and I get to live the life that I want to live, where I want to live it, while still being able to invest the proper way. In my opinion   Keith Weinhold  18:26   that's beautifully said and well thought out. And part of doing that, Josh is this borrowing money, which I think to lay people, is scary, and for someone in their 20s to borrow money, that could really bring a good bit of trepidation, because that goes against the grain of what so many people do. But of course, we talk around here about how borrowing money like you have for your rental properties in other states outside California really is not something to fear. So can you tell us more about how you approach that mindset?    Josh Fang  18:57   Absolutely, and it's always hilarious when someone asks you if you if you have any debt, and you tell them $500,000 when you're 23,24 years old, the biggest thing about borrowing money is now, again, there's different types of debt. So I'm not saying, hey, go buy some expensive car that you're going to be backwards on in a few months. Don't get a bunch of credit card debts at 24% interest rates. I'm talking about debt from a with a collateral attached to it, such as a mortgage. The way I like to think about borrowing money is borrowing like a bank, because your money has value. Whenever I have money in the actual bank, it doesn't feel like it, but I'm actually lending money to the bank. They're taking the money that I have deposited and lending it out to other people at higher rate than what they're paying you back. That's how they're actually making the money. I'm thinking like a bank. And of course, that's exactly how it is with borrowing money for rental properties. The interest rate that I have to pay on my mortgage is so much lower than how much income I'm receiving by actually renting it out and providing housing for someone. And then, of course. Tax deductions.   Keith Weinhold  20:00   Sure you're creating arbitrage there when it comes to paying off or aggressively paying down a property. I mean, some protection financially is surely good, but one has to realize that after some point, when you protect you cannot produce another way to say it is if you use your dollar to pay down, then you cannot use your dollar to multiply.   Josh Fang  20:25   I agree with that 100% I couldn't have said it any better.   Keith Weinhold  20:28   You really took action something that a lot of people don't do. I don't think you did right away. You listened to some episodes for quite a while, but you did overcome analysis paralysis at some point. So talk to us about more with that mindset of how you took the first step, even when you're still perhaps a little unsure.   Josh Fang  20:46   I think you say it best, and I know I'm literally taking the words out of your mouth, because, again, I'm a long time listener, but do the right thing before you do things right. Yes, rings so, so, so true. You're never going to be perfect. There's never going to be the perfect property. There's never going to be the perfect deal. Eventually you just have to do it. And again, all it really is is saying, Hey, here's what I want to do, and what are the steps that have to take to get there? If the first actual step, rather than just listening to the podcast or getting more information, if the first step is, hey, I want to get a pre approval. Go ahead and get it done. Reach out to a loan officer, get your pre approval, get the documents needed, get the right information that you need, and then start writing offers on properties, or contacting Keith and his team, their GRE mentoring team, and ask for property values. And once you find one, and again, you're never going to find the perfect property. Once you finally say, hey, this fits enough. Jump on it. You should be excited. I mean, again, once you're doing the right thing, you can learn to do things right. And slowly, kind of say, Hey, I made a small error there. Hey, I made a small error there. But at the end of the day, you move forward and you're ahead of where you started. I think that's the most important thing.   Keith Weinhold  21:59   Yeah. I think uncertainty stops. Some people, maybe even uncertainty with the larger economy. Or maybe people just look for excuses for inactivity. Sometimes there will always be some uncertainty out there. And what you do when you make an offer on a real asset is you just made some certainty in your life. Yeah, just talk to us more about the process of kind of you started with your first property and then growing that portfolio. And what did you learn between the first one in that second, third, fourth and fifth one, where you are now   Speaker 2  22:32   after buying my first one, when I received that first rent check, after that first rental property, my net cash flow after management expenses, putting a little, you know, VIMTIM, keeping an extra 10% away to just keep in the bank in case something came up. I wish cash flowing at the time. $231 doesn't sound like a crazy amount now, but as a 22 year old kid and saying, Hey, I got this $231 without lifting a finger, felt amazing. I had this feeling, I'm out in Southern California. We had this burger chain called in and out. My double double burger and fries combo was about $6 at the time. And I said, no matter how bad things get, no matter how bad things get, that $231 I can buy an in and out meal every single day, as long as I own that property. I just had such an overwhelming feeling of, when can I get the next one? I immediately, immediately reached out to MidSouth like, hey, put me on the list as soon as I have money. You know what? Keith, it got fun. It got fun every time I got an email saying, Hey, here's another property. Like, wow, if I can make this deal work, that's an extra couple $100 I can have at the end of the month every single day. And now I live in my own apartment complex, in a unit in an apartment complex, but at the time, I rented out a room in a house, in a condo, just a single room, and by the time I bought my second rental property, all of my cash flow from my two rentals actually covered the full amount of my monthly rent living out outside of my parents place. And that just felt so so so amazing, because it was like I almost had no overhead. So all the money that I was making for my job was completely disposable that I could use to purchase other rental properties. And that was just such an amazing, freeing feeling to know that no matter what happened, I obviously as long as there's no vacancies or any kind of crazy issues there, that I would still have that flow of income coming in pretty much after buying my first one, all I wanted to do was buy more. Now, a big issue that happened was 2020 and 2021 there was very little inventory, so really tough and slim pickings, and I would have bought a lot more if I could find more deals. And now, thinking back, I should have, if anything, I wish I bought more.   Keith Weinhold  24:50   Gosh, I just love that Josh, that seminal $231cash flow from that first property, and how you rationalize that that could buy you in and out. Meal every single day, all month. If that's what you wanted to do with that first one, that's terrific. And yes, markets change. There's more inventory available now than there was in 2020, and 2021, mortgage rates are surely higher. You don't have as much competition. You might even get a concession or two when you buy since it's a more balanced market today than it was about four years ago, for sure. So every market cycle is different. When you realize you're paid five ways at the same time, there's always one side to play or the other. There's always so many variables that you get to deal with there. Have you had any certain issues with property management, or do you have any mindset about using a property manager remotely. I assume you're using remote management for these turnkey type properties. Is that right?   100% I've actually never physically seen any of my properties. Yeah, what you say is the best, essentially, your team that manages your property is the most important by far. Right? Right now, here's the thing, issues are going to come up. Regardless of what happens. There's always going to be something that breaks. Eventually, there's always going to be vacancy. Eventually there can be natural disasters, something's always going to come up. And the thing is, you can't get angry about the things that you can't control. If there is a vacancy that you know you vetted the tenant properly, and there was nothing to do if there is a natural disaster or if something does break down in your property that you couldn't have expected coming or that wasn't your fault. The biggest thing is, you can't get angry with it. You just have to know that you can deal with it properly, and having a professional team on the other side saying, Hey, we're going to handle it. This is an issue. Here's how much it's going to cost. We got a couple of you know quotes. Please approve one when you get a chance, and knowing that the other side will be able to execute on that and to do it for you, and that you don't have to fly out wherever you own your property and do it yourself physically, or have to call around and find a contractor to do it, it's a huge peace of mind, and having a property manager and a team that you can trust just makes it work. If I couldn't get a property manager that I trusted, I wouldn't own the property in the first place. It's just too much work.   I am the same way. I also have not seen the majority of the properties I own. I've never seen them physically, in person, yeah, having a professional property manager, they provide a buffer, and they help keep this investment unemotional for you. And Mistakes happen when people get overly emotional about their properties. Some people are reluctant to hire a property manager, Josh because they don't want to pay the eight to 10% property management fee, which can actually be a little bit more than that effectively with leasing fees. But people feel that way, as oftentimes they're confining and limiting their search to their own local market, which probably isn't investor advantage. So they don't have enough of a cushion in their pro forma, in their profit and loss statement to pay for a property manager. But when you buy in those investor advantage places where you get that high ratio of rent income to purchase price. There you have the allowance to pay for the manager too,    Speaker 2  28:06   100% and luckily, because I have my foundation of real estate from listen to your podcast, I never even look at a deal without factoring in the fact that there will be management. I have never, ever even possibly considered self managing. It just makes no sense. I'd rather, let's just say it's 10% and a month's worth of lease, which is a little bit on the higher end in terms of management fees, right? Even if I were to do I would factor that in 100% of the time if the deal doesn't work, if it doesn't cash flow, if it doesn't, you know, appreciate a certain amount, if it isn't in my ballpark, with the management fees taken out, that's not even the deal that I'm looking at. It's just too expensive.   Keith Weinhold  28:47   Yeah, that's a great way to think about it, keep it unemotional and make it all relatively passive. I self managed for the first six or seven years of my real estate investing career, but that's because I was only investing in my own local market, and I was thinking small, and I didn't learn about finding the best investor advantaged places nationwide. Well, just as we wind down here, is there any last thing that you'd like to let the audience know or to tell us, I know before we recorded, you had talked about how really, your Daydream is more realistic than you think, and the motivation behind getting started. What do you want to leave with? Josh?   Speaker 2  29:22   You say it after every podcast. Don't quit your Daydream. I've been hearing that for eight years now at this point, and it really is, I don't have a day job. I pretty much only work when I feel like it. The majority of what I've lived off of is the income properties that I've bought and the lifestyle that I've crafted. It's so freeing. No one's telling you what to do. You don't have to go somewhere every day. You can spend time doing what you want. When I first quit my day job, and, you know, went into this semi retirement, I'm not gonna lie, I play video games eight hours a day for months, or maybe a month or two. I don't know if that's the most productive. It. But the fact that I could do that, I could obsess on crazy hobbies for a while was crazy. But one of the most important things to me of being able to reach this point in my life is I'm starting to get a little bit older. I am able to spend time with my family. I am able to spend time with my grandparents, and, you know, just like on a Tuesday or like on a Wednesday, just when nothing's really going on. Just being able to stop by and say hi to my family and spend time with them is something that I'm so blessed to be able to have, and not many people can do. And then the last thing I'd like to say on that is just, there's very small things in the world that a lot of people don't get a notice. Because I feel like everyone's in a rush all the time, and a lot of people are. You know, if you're working 40 hours a week, nine to five, you know, nine to six, there's not much time. But the other day, I was taking a small hike, and I saw a group of lizards. I thought they were cool, so I looked at the lizards. I spent maybe 15 minutes watching the lizards. I wasn't in a rush, you know, I could just enjoy the small things in life, and that's one of the best things in the world to just have that sense of not being in a rush. And I feel like investing in real estate and having that passive income and having that level of freedom. To me, that's what my Daydream is. There's nothing better to me.   Keith Weinhold  31:14   the simple pleasures about not having your time so confined that you could enjoy looking at lizards for 15 minutes. I love the small stuff like that. And does this mean Josh? I mean with five rental properties that you only need to work part time rather than full time, because usually five properties don't allow someone to completely leave the workforce.   Josh Fang  31:32   No, not at all. I definitely do things on the side. I still do loans for friends and family. I do some other stuff on the side, but it's more of that my basic needs are met for the most part.   Keith Weinhold  31:43   That's terrific. You've got more latitude to live and having a life of options Trumps having a life of obligations 100% Well, hey, it's been great hearing your story. Josh, loved having you here on the show you're listening to get rich education. We got to know listener. Guest, Josh Fang more, and we come back with another listener guest, profile, I'm your host, Keith Weinhold.    The same place where I get my own mortgage loans is where you can get yours. Ridge lending group  NMLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com.    You know what's crazy your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866.   Jim Rickards  33:49   this is Arthur Jim Rickards. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  34:05   our next listener guest has an uncanny amount of similarities with me, like me, he was a geography major in college. He had humble beginnings in upstate New York, not far from where I grew up, in upstate Pennsylvania. He's a huge believer in real estate pays five ways, and he loves world travel. His first job out of college was, in fact, traveling the world, playing basketball against the Harlem Globetrotters. We sure don't have that pro basketball part in common. He owns dozens of units across seven states today. He's listened to GRE for six or seven years, and he was a corporate guy living in California who thought the book Rich Dad, Poor Dad was fiction, until he experienced the rapid appreciation of he and his wife's first primary residence. And after that appreciation, he knew he had to acquire more real estate. Prices were too high in California relative to rent, so he. Went out of state, and he had just one property for five years to learn that was pretty similar to me as well. And then he saw tremendous opportunity after the GFC hit in 2008 and that really put him on a path through experience the five ways real estate pays over time, and he became convinced that there's not a better risk adjusted business model that's easily accessible to the average person. Hey, welcome to GRE Nate O'Neil   Nate O'Neil  35:25   Keith, it's great to be here. I've been, as you mentioned, a long time. Listener. Really appreciate the content that you put out, and excited to be on the show   Keith Weinhold  35:32   and you're no longer playing like zero defense basketball against the Harlem Globetrotters. You work in the solar industry now. I know that you sell to single family rental REITs. That's really interesting. And one thing that real estate investing lets people do is think differently about their w2 jobs. So tell us about how that manifests with you. Nate,   Nate O'Neil  35:56   growing up, you know, the first 25 years of my life, 24 years or so, my identity was wrapped up as an athlete, and, you know, something I could really get excited about eventually, that had to come to an end, and started working in the corporate world. So did that for a little while, and got going. It really, you know, didn't resonate with me that much. But, you know, I had a wife, and I had some kids on the way, so had to keep grinding it out. And, you know, as I did that, I discovered real estate, and what really helped me with that was I saw the corporate world began to be a vehicle to grow my real estate portfolio, right? Instead of it being the desk jockey in the cubicle, my corporate job was okay, this is the way for me to raise capital and get the best loans to build a real estate portfolio so, and it's ironic, because as that kind of evolved, I gained, you know, more appreciation for the corporate job, and it didn't, it wasn't so burdensome. And I know there's probably a lot of people out there right that feel that way about their job, but you can probably do a mindset shift and say, hey, you know, this can serve me in other ways and it not be such a grind.   Keith Weinhold  37:03   That's a great way to think about it. While you have that job, it sure is an asset in helping you qualify for loans. Right before I quit my job, I made sure I qualified for as many loans as I could, because I sure would have had a hard time getting them immediately after leaving my job, before I built income or build up passively from something else. It's funny, when you're in the corporate world, you're in this context of normalcy. So many people that you know are working. You're around your coworkers all day. They're working, and if it's something you're not passionate about, yeah, you still don't question it, because it takes on that context for normalcy. But once you leave your job, it feels bizarre that anyone would ever show up and spend five of their seven days and most of the waking hours of those days doing something that they're not passionate about. Now maybe you are passionate about what you do. That's where the mindset that I think through there, but that's a good way to help a person feel a little bit better showing up at their job, even if it is a soul sucking job. Nate. So talk to us about this more with this sort of power of purpose that you had, and when you are working your day job, you probably do some living below your means in the short term, but a lot of people just do that decade after decade and grind it out. So how do you think about that with the mindset in this sort of capital formation stage, in order to acquire more property while you're working?   Nate O'Neil  38:29   Like I said, it was an opportunity that the job became an opportunity to fuel the real estate business, which, as you mentioned, I saw that opportunity in 2009 right when prices were low, when interest rates were low, when there was a bunch of nice new foreclosures on the market, I saw the it created a sense of urgency in me, right? So I was like, All right, let's go to work, because the work's going to drive that capital, and the capital is going to allow us to acquire more and more of this real estate, which is, again, something I was passionate about, because we had this just that one rental for that five year period, I saw the power of what it can do over the long term. And when you have that purpose and that clarity, then all the minor stuff that you can get wrapped around and can kind of slow you down, really doesn't matter you have that big vision and that big goal that you're going after that really kind of drives you    Keith Weinhold  39:20   now, before we got started today, I learned that you have a few ways of thinking about how real estate investors can have their cake and eat it too, more tactically. Here tell us about that. And of course, what is the point of having cake if you can't eat it?    Nate O'Neil  39:33   Yeah, for sure, worked in some different industries and some different companies, and seen a lot of different business models. I've never found anything where you can have kind of both sides of the cookie here, or hack cake eat it too. You can depreciate an appreciating asset. The government allows you to depreciate homes, right? Which gives you a nice tax benefit. The money that I make that my corporate job is taxed at a much higher rate than my real estate income, but yet the asset actually appreciates. Dollars. So you depreciate an appreciating asset. I think people underestimate the power of the 30 year mortgage, right? You can lock in an interest rate today for 30 years, and if interest rates go up, you did a great job. You locked in a great, great rate. If interest rates go down, you're a champion. If you just refinance, when you do a 30 year fixed rate mortgage, the lender is committing to you for three decades, but you don't have to commit to them. So again, have your cake and eat it, too. And then you know the whole return on amortization that you talk about, Keith, yeah, when you get to borrow money that you don't have to pay back, in essence, right? The resident that's in your home is paying that money back. So people think about they hate getting bills in the mail. I actually love getting my mortgage statements in the mail. Every month I go through this little ritual, I look at it, and my process is, wow, how much was that principle paid down? Right? I didn't pay it back, right? The rent payment paid it back. So what other scenario can you borrow money that, quote, unquote, someone else is paying back on your behalf,   Keith Weinhold  41:02   that ROA, that return on amortization, also known as principal pay down. Where, yes, you get that statement every month, and you get to see how much a stranger paid down for your property. It's basically a stranger every month is faithfully funding an illiquid savings account for you,   Speaker 3  41:22   it's just incredible. And then the final way I kind of think about having your cake and eating it too, is, is this HELOC strategy. So over time, as you build equity in your portfolio, you can take out a home equity line of credit, right? And the beauty of a line of credit is you open it up and you don't have to make any payments if you don't use the money. But when there's an opportunity, you can pound for that opportunity. And this is what we did in 2020 and 2021 we acquired some new construction fourplexes with HELOCs. And when in using the HELOC strategy, you're able to use every single dollar to keep the balance low. And what it does is it creates this virtuous cycle of increasing cash flow, because it's a line of credit, and you pay off against that, that line of credit, if you need the money back for an emergency, or if a better opportunity comes up, then you basically just pull more off that line of credit. But if you don't have that opportunity of that emergency, then your money is fully working to keep that payment low, which increases your cash flow, and again, it creates that virtuous cycle of of increasing cash flow, which you can use to pay down the HELOC. Even more   Keith Weinhold  42:29   I see no downsides to getting a HELOC to getting a line of credit against your existing primary residence or your rental properties, whatever they are. It's like this flexible credit card where you're drawing on it with your property as collateral, and it's at lower interest rates than a credit card is going to be. And you also have interest only flexibility, meaning even if you draw against it, and you do have a balance and you need to make a payment, therefore you can pay as little as only the interest portion if you want to. In fact, when I bought my first fourplex in order to fund my second fourplex, I took a HELOC second mortgage off of that first one. Love the HELOC really can't think of any downsides with at least having it there. And then it's up to you as to whether you want to draw against it or not. Absolutely talk to us more about you're another out of state investor based in high cost California. There. It sounds unusual to lay people, but here we are as successful investors owning these properties, typically that we have never seen out of state. Are you in that category as well? And talk to us more about the out of state investing experience   Speaker 3  43:40   I've only ever seen one of the units that I own, the rental units that I own, and I actually think it's a huge advantage, because if you're seeing them driving by them all the time, there's probably little nits that you could point out, and, you know, you get some kind of emotional attachment to them. The way I look at it, it's two things. Number one, it's the spreadsheet behind it, right? What are the numbers behind it? What is my mortgage payment? Is there Hoa, taxes, insurance, all that stuff, and what is my rent? And obviously, I'm all about cash flow, so that rent payment has to cover all the expenses with a little extra. The second piece of it behind the spreadsheet is the person managing it right? And I've been very fortunate over my years of investing to find some really quality property managers who I know I can trust. So, you know, absolutely, I mean, developed an ability to hire the right people to manage the property, and they handle just about everything, and I just need to be there, available for them if they have questions for me or decisions I need to make. Fully trust them. I have only ever seen one of the units that I own, and you know, never really planned to go out and visit them.   Keith Weinhold  44:44   You do like to travel, but just not necessarily to your 200k turnkey single family home in the Midwest, in the south, not where you want to stay. There are some advantages and some disadvantages of owning rental properties, say, four blocks from your home. One of the distinct disadvantages is, yeah, you might get that emotional attachment to it. You might get bogged down in inconsequential things. You might drive by and see that the hedge needs a trim. How much of a problem is that really?   Nate O'Neil  45:14   Exactly it, as long as the spreadsheet behind it is spitting out the right numbers, and you have someone that you can trust that can handle anything that that's major, or any tenant issues that's all that's really relevant.   Keith Weinhold  45:26   Has our investment coaching helped inform you at all? Helped you find properties or give you inside information or access to deals or other support?    Nate O'Neil  45:35   Yeah, I have had a conversation with Naresh. One of your investment counselors doesn't, haven't necessarily acted upon that. But, you know, I can say over the, you know, six to seven years that I've been listening to your podcast just understanding kind of the macroeconomic guests that you bring on in the markets that we believe, you know, are good for investing. Like that, information has been extremely valuable to me over the years.    Keith Weinhold  45:57   Our coaches are really deal scouts here in today's market. For example, things are just so much different than they were during the 2008 GFC years. There are always deals in every cycle. You typically just need to shift and find out where those opportunities are. Are there any specific niches or opportunities that you're exploiting today in this particular cycle? Nate   Nate O'Neil  46:19   yeah. So it's really interesting, and I've been spoiled, right in terms of the times when I did a lot of my acquisition back in 2008 we knew it was good, but looking back, you realize just how good it was at that time, and frankly, now is very challenging, right? I mean, affordability is the worst that's been in 40 years. Yeah, right. So you have to be really creative. You know, one of the things that I did recently was I learned how to do a loan acquisition. So assuming a loan can be very helpful, right where you're not dealing with today's interest rates, you can get yesterday's interest rates on a property. So that's been one thing, and one thing I continue to look at. I also believe that I've been focused on single family in some four plexes. I'm looking at smaller multifamily because what I've learned is there's opportunity when there's debt disruption, right? The great financial crisis happened because there were atrocious lending standards leading up to that time, right? So that opened up a window of opportunity. That opportunity is closed. Acquired some fourplexes in 20 and 21 when interest rates were unbelievably low, right? Basically, the Fed funds rate was basically zero. That kind of unique debt situation allowed me to acquire there and now, right? Since 2022 interest rates spiked so quickly, the way I think about it is the debt disruption period, there's probably some acquisitions that happened with, you know, three to five year short term loans that are going to be coming due, and those acquisition are facing payments that are going to double. So there could be some motivated sellers, not in the single family right, where you have 30 year fixed rate or 15 year fixed rate, but in those small, multi family loans, where they have those short term variable rate debts. So that's kind of how I'm thinking right now.   Keith Weinhold  48:05   That's perceptive. It's something I brought up on the show a month or more ago where apartment buildings have got to bottom out at some point those being sensitive to those shorter term interest rates. Well, Nate, this has really been helpful. You've given our audience quite a few things to think about. Is there any last thing that you'd like the audience to know?   Speaker 3  48:25    We talked a little bit about purpose, like that's very important. There is no better way, in my opinion, to build wealth for the average person, no more predictable way risk adjusted, to build wealth for the average person. You know, for the listeners out there. It's great that you're consuming this content, and if you can find a purpose behind it, then it'll help. And the other thing is, get clarity, right? There's a lot of different things you can do within real estate investing, but get clarity on what works for you. And the way to do that, frankly, is just kind of sit and think, I think, you know, especially in today's day and age, there's so many stimulus coming at us, from social media to everything that there's a risk of not being able to get clear. One of the big things that helped me during that, that period of, you know, 2009 to 2015 when we started to scale, was I was very clear about what we wanted. I had a buy box that was, you know, homes built this millennium B grade neighborhoods, cash flowed $300 or more with no more than 25% down in markets with population growth, job growth and favorable rent to price ratios. And when I was able to communicate with the agents and property managers, I was very clear on what we wanted to do. They had clarity on what they needed to do to help us scale so purpose and clarity.   Keith Weinhold  49:41   That's great guidance a specific Buy Box. Yes, focus is harder to find, and it's really important today. It's amazing. Nate, how much work I get done when my phone is one room away, over on the charger. It's incredible how that works. Well, it's been good to get your insight, and it's been good to talk to a guy. That might know the capital of Argentina much like I know a fellow geography guy and real estate investor. Yeah. I really want to thank you for sharing your insight with the audience today.    Nate O'Neil  50:11   Nate, I hope it's valuable for you in the audience.   Keith Weinhold  50:20   Oh yeah, good, relatable material this week, the first guest, Josh, also talked about how he took out a low interest rate car loan. So he held onto those funds rather than handing them over to an auto dealer, stayed liquid and used it for income property, creating a yield for himself that beat the car loan interest rate pretty smart. And before you do that, you do want to be sure that you've got enough liquidity to serve as debt. And then Nate the second one, the more experienced investor, reminding us that deals are not as good as they were coming off the global financial crisis. And he's right, but I still don't know of a better risk adjusted return today, like me, they both use professional property management. I mean, you do have the option of self managing your property remotely that you get from GRE marketplace. But of all the things in the world that you can learn about, even all the things in real estate investing that you can learn about, is self managing really what you want to spend your finite resource of time learning about. Even if you've got good tenants, you're bringing more intrusion and interruption into your life. Property managers don't just protect your asset, they protect your time. Big thanks to GRE listeners, Josh Fang and Nate O'Neil today until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 4  51:50   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  52:14   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre to 66866, while it's on your mind, take a moment to do it right now. Text, gre to 66866   The preceding program was brought to you by your home for wealth, building, get rich, education.com.    

Want to scale your business? Get the Side Hustler's AI Prompt Database: https://clickhubspot.com/kvw Episode 721: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about a billionaire's recipe for happiness, Shaan's stock picks, plus the new mayor of NY. — Show Notes: (0:00) Billionaire recipe for happiness (5:12) Shaan gives a talk at Berkeley (12:01) Steve Ballmer on Acquired (17:02) Gary V is bullish on everything (26:28) The new mayor of NY (35:45) Multilingual politicians (38:43) Vibe voting (41:20) Idea: "The President" (45:58) Businesses w/ 50X potential (49:07) Shaan's first 6 stocks — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — 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 • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Send us a textApple celebrates 20 years of podcasting with a list of 20 influential shows that shaped the medium across four eras, highlighting podcasts that pushed boundaries and set standards for creativity and storytelling.Check out 20 Podcasts We Love by Apple Podcasts, and find out why they made the list!• 2005-2010 pioneering era includes 99% Invisible, This American Life, and Love + Radio• 2011-2015 podcasting boom features Serial, Song Exploder, Mystery Show and Acquired• 2016-2020 includes mainstream hits like The Daily and Call Her Daddy• 2021-2025 showcases expert-led content like Huberman Lab and narrative journalism like Sweet BobbyText us your tips for finding guests and making sure they're a good fit for your podcast, and we'll share them on the next episode!Contact Buzzcast Send us a text message Tweet us at @buzzcastpodcast, @albanbrooke, @kfinn, and @JordanPods Thanks for listening and Keep Podcasting!

Utah Mammoth GM Bill Armstrong

Anna and Raven went viral on social media @AnnaAndRaven! They tried out the trend of stopping a timer at 4 seconds without looking at it! In the video, Anna counts in “Mississippi's” but find out what other countries count in to represent a second! Anna and Raven speak with Helaina Danetta Rivers, Henri Daniel Lispare Rivers IV and Henniyah Danella Rivers and their parents Karen and Henri as they share their Helluva Story! These triplets all earned their Eagle Scout Status and now they are hoping to compete in the Olympics! Check out this remarkable story! Owning Airbnb properties is the new way to make money and it's something that AI can't take over! Anna and Raven want to know what your Airbnb story is! Amy Corbett and her husband are Airbnb owners of over 45 properties! She shares the crazy things that have happened in the properties, who knew you could redecorate an Airbnb while staying there! You can find her at https://allbelong.directstays.com/!  Are you up to date on this week's biggest news story? Anna and Raven will get you caught up on the trending news stories including a rap video that NYC mayor primary created for Grandmas a few years ago, Katy Perry and Orlando Bloom ending their relationship! Anna and Raven asked for a mannequin for a firework safety lesson and had an overwhelming response! Anna lists three news stories that seem almost out of this world, and Raven can only pick and hear about one! Nancy Sevich and her husband own and manage Airbnb's property that has taught that sometimes you have to bend the rules for guests! Rachel and Kevin are dating and moving in together. Money is tight. She casually mentioned that her ex-boyfriend, who has been her ex for almost two years, borrowed $2500 from her to pay his back taxes. He had sworn he would pay her back, but they broke up shortly afterwards and she never got the cash. Kevin says that's wrong, and she should reach out to him to get the money back. It's not like he's a bad guy, he probably just feels weird since she broke up with him. Rachel says that she knows that she broke his heart and says to let it live in the past and call it a small financial loss. It's Redemption Week! Karin and Lance have the chance to win $1300! All they have to do is answer more pop culture questions than Raven in Can't Beat Raven!

Nick Fraunfelder is the Owner and CEO of Sure Oak, a leading SEO agency helping B2B and tech brands grow through search. Since acquiring Sure Oak in 2023, he has led the agency's expansion into AI-powered search optimization. With over 20 years of experience in digital marketing, private equity, and technology, Nick co-founded Paulus Capital, which helped launch notable restaurants like Superica and The Optimist. In this episode… Acquiring a business through a self-funded search can offer greater autonomy and alignment with personal values but also presents unique challenges. What did a former investor learn when he walked away from traditional search funds to acquire and lead a marketing agency? Owner and CEO of Sure Oak, Nick Fraunfelder, talks about how he launched a self-funded search for a digital marketing agency. With host Todd Taskey, Nick shares the realities of sourcing and funding his acquisition, the lessons from his early career ventures, and how he shifted his leadership focus from metrics to people.

Dr. Ryan van Cleave is the author of over 100 books for children and adults, editorial director of Bushel & Peck Publishers, college professor and head program (Ringling), writing coach, ghostwriter, poet and more. In our wonderful conversation we celebrate his picture book The Witness Trees: Historic Moments and the Trees Who Watched Them Happen (Bushel & Peck, 2023), and discuss the original initiative "Acquired", a hands-on conference for aspiring authors. Ryan shares the goals of the conference and his tips for authors who want to create books that stand a chance of publication by traditional houses. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Dr. Ryan van Cleave is the author of over 100 books for children and adults, editorial director of Bushel & Peck Publishers, college professor and head program (Ringling), writing coach, ghostwriter, poet and more. In our wonderful conversation we celebrate his picture book The Witness Trees: Historic Moments and the Trees Who Watched Them Happen (Bushel & Peck, 2023), and discuss the original initiative "Acquired", a hands-on conference for aspiring authors. Ryan shares the goals of the conference and his tips for authors who want to create books that stand a chance of publication by traditional houses. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kreepy Kramer is at it again...

Beyond the Resume Podcast with Sheri Thompson (Stumbling into Real Estate Executive)

Hail to the king. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Learn more at TheCityLife.org

The South African government - under land redistribution - has acquired about 2.5 million hectares of land that has not yet been transferred. That is the figure given by Wandile Sihlobo, the Chief Economist of the Agricultural Business Chamber of South Africa, in this interview with BizNews. “That is in the government land holding account, as I speak with you. That land has not been transferred to Black South Africans with title deeds.” Sihlobo also releases the 2nd Quarter results of the Agribusiness Confidence Index that show there is still optimism in the South African agricultural sector.: https://www.agbiz.co.za/article/agbiz-idc-agribusiness-confidence-index-declines-mildly-in-q2-2025-498 He further debunks some of the myths and misconceptions around land reform and Expropriation Without Compensation (EWC). He comments on China planning to lower tariffs on a range of goods from African countries, and outlines ways to diversify export markets. Meanwhile, he is highly optimistic about the future of farming: “While some have portrayed the South African agricultural sector in the past few days and months as a sector that is under siege, it actually is not under siege…If anything, it is actually thriving… We are talking about a sector that has more than doubled in value and in volume terms since 1994.” Shilobo is the author of three books, “The Uncomfortable Truth About South Africa's Agriculture (2025)”, “A Country of Two Agricultures: The Disparities, The Challenges, The Solutions (2023)” and “Finding Common Ground: Land, Equity and Agriculture (2020)”.

The Savannah Bananas have created a whole new sport. It's baseball, but it's not. It's fast-paced, exciting, and incredibly entertaining. For example, if you're batting, and you step out of the batter's box... it's a strike. If you bunt, you're out. If a fan catches a foul ball… you're also out. Games are capped at two hours with no exceptions. It's sacrilegious to traditional baseball fans everywhere. But it's hard to argue with their numbers: they have 3.2 million fans on a waiting list to see them and have been selling out 80,000-seat football stadiums over the past few months!Today, we sit down with Jesse Cole, founder of the Savannah Bananas and creator of Banana Ball. We unpack the whole story, staring with a failing college summer league team, an air mattress, and a $30 weekly grocery budget. But these days... it's safe to say that Jesse and his wife don't have to sleep on an air mattress anymore! And they have built the business in their own way, fully under their control, and uniquely “fans first”. They have a unique all-in ticketing model, where your game ticket gets you full access to food along with your seat. There are no ads or sponsorships. There are no ticket fees or middlemen. And in fact, Jesse and crew will even pay the sales tax on your ticket for you! Jesse is just totally obsessed with delighting fans, controlling the end-to-end experience, and thinking long term… even if it means leaving (a lot) of money on the table today.This may be our most fun ACQ2 (or Acquired!) episode ever. Enjoy!Sponsors:Plaid: https://plaid.com

In this newscast, I look at the recent locally acquired malaria cases reported in North Queensland, Australia.

Clare County Council is being urged to set about acquiring a disused piece of land in Ennis with a view to turning it into a playground or leisure area. Fianna Fáil Councillor Pat Daly has identified an overgrown vacant site located behind St Joseph's Hospital in the centre of the Crescent estate. Ennis Municipal District says the site in question isn't in Council ownership but it can "investigate the ownership issue further with a view to legally acquiring" it if there is sufficient interest. Councillor Daly says there's scope for an amenity that would be of great benefit to residents.

Support: http://podcastage.com/support Topics discussed: Beyerdynamic being acquired by Cosonics, me frying a second Universal Audio Interface in 24 hours, using an RME Audio Interface, and other stuff too. Subscribe to the full audio podcast at http://www.bandrewsays.com Gear Used This Episode (Affiliate Links):Neumann U87 Ai: https://geni.us/u87aikit RME Baby Face Pro: out of production As an affiliate I earn from qualifying purchases.  Ask Questions: https://www.askbandrew.com Merch: https://www.podcastage.com/store Discord: http://www.podcastage.com/discord 00:00 - Intro 00:22 - Beyerdynamic Acquired by Cosonic Yahoo Finance Article: https://finance.yahoo.com/news/spoke-beyerdynamic-companys-acquisition-confirmed-155532941.html StereoNet Article: https://stereonet.com/news/beyerdynamic-sold-to-chinese-oem-specialist-cosonic 08:49 - I Fried a Second Univeral Audio Interface! 13:54 - Switching to an RME Audio Interface - My New Audio Interface Setup 18:05 - WYHTS: Other UA Interface Failures 22:16 - WYHTS: This Podcast has NO INFORMATION 24:50  - Value for Value 28:57 - Conclusion / Outro

Inside INdiana Business Radio for the afternoon of June 13, 2025. Slate Auto gains a key approval for its planned EV manufacturing plant in Kosciusko County. Plus, a New Albany tech startup gets acquired, and Vincennes University approves a tuition freeze and job cuts. Get the latest business news from throughout the state at InsideINdianaBusiness.com.

What does it take to scale from zero to over $52 million in self-storage assets in just six years? In this insightful episode, Joe Downs reveals how he raised $15 million and built a portfolio of over 20 self-storage facilities by mastering off-market deals, partnering strategically, and adapting to market conditions. He breaks down his transition from multifamily to self-storage, explains how he built a vertically integrated team from scratch, and shares the exact steps that helped him launch and scale a real estate investment company while still working his W2 job. If you're an investor looking to break into self-storage—or scale fast—Joe's story is a must-listen. 5 Key Takeaways from Joe Downs' Episode:From Multifamily to Storage: Joe started in multifamily but found more scalability, deal flow, and operational control in self-storage.Off-Market Deal Mastery: Nearly all 20+ facilities were sourced off-market, using direct mail, broker relationships, and seller outreach.Built a Vertically Integrated Team: Joe hired third-party management initially but quickly transitioned to a fully integrated in-house team across operations, construction, and marketing.Raised $15M with Limited Prior Experience: By building trust, showing transparency, and proving capability, Joe successfully raised millions—even before having a massive track record.Balanced Scaling While Employed: Joe built the business part-time at first, making strategic hires and systemizing early so he could transition out of his W2 and into full-time investing.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

What happens when two friends decide to learn about successful acquisitions and accidentally create one of the world's most popular business podcasts? Meet Ben Gilbert, co-founder and co-host of Acquired, the show that transforms company histories into captivating 4-hour audio experiences.With millions of listeners worldwide, Acquired has become the Harvard Business School case study of the podcasting world. In this episode, discover the intensive research process behind each episode (totaling 300 hours of work), why being contrarian AND right matters in business, and how two people can become temporary experts on everything from semiconductors to luxury handbags. Ben also reveals what it takes to build an audience through pure word-of-mouth growth over a decade.Whether you're an entrepreneur, podcaster, or simply fascinated by great companies, this conversation will change how you think about storytelling, business strategy, and the power of deep research.---Guy Kawasaki is on a mission to make you remarkable. His Remarkable People podcast features interviews with remarkable people such as Jane Goodall, Marc Benioff, Woz, Kristi Yamaguchi, and Bob Cialdini. Every episode will make you more remarkable.With his decades of experience in Silicon Valley as a Venture Capitalist and advisor to the top entrepreneurs in the world, Guy's questions come from a place of curiosity and passion for technology, start-ups, entrepreneurship, and marketing. If you love society and culture, documentaries, and business podcasts, take a second to follow Remarkable People.Listeners of the Remarkable People podcast will learn from some of the most successful people in the world with practical tips and inspiring stories that will help you be more remarkable.Episodes of Remarkable People organized by topic: https://bit.ly/rptopologyListen to Remarkable People here: **https://podcasts.apple.com/us/podcast/guy-kawasakis-remarkable-people/id1483081827**Like this show? Please leave us a review -- even one sentence helps! Consider including your Twitter handle so we can thank you personally!Thank you for your support; it helps the show!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fundraising in 2025 isn't business as usual. James Varela, Partner at Rede Partners and Head of MENA, joins us to break down what it really takes to raise capital from LPs—especially in the Middle East. We talk DPI pressure, LP targeting, co-investments, how to build credibility in emerging markets, and the biggest mistake GPs still make when pitching. Whether you're struggling or oversubscribed, this one's for you.[00:00] Intro to James Varela and focus on capital raising in the Middle East.[00:30] James' 15+ years in capital raising across PE, infra, credit, and real estate.[01:26] Fundraising remains tough—macroeconomics and low DPI are key issues.[02:21] LPs cautious; focus shifting to GP quality and DPI visibility.[03:13] GPs turning to NAV lending and creative liquidity tools.[04:05] 66% of LPs now cite DPI as their top investment metric.[04:31] Strong fundraises begin 12 months out—prep is everything.[05:00] Nail your equity story—what sets you apart?[05:26] Focus on LPs where your strategy fits—don't spray and pray.[05:55] Transparency and respect matter more than past returns.[06:26] GPs often fail to systematize and name their edge.[07:25] LPs want proof—not theory—of execution and outcomes.[08:24] Plan 2–3 years out for Middle East fundraising; co-invests are key.[08:55] Content > presence—show up with something to say.[09:52] LPs want honest differentiation, not polished fluff.[10:51] Share what went wrong and what changed—credibility counts.[11:44] Most firms struggle from poor positioning, not poor product.[12:14] Systems reduce risk, especially for global firms.[13:37] Frameworks matter—manage what's out of your control.[14:07] Even top performers can fail at storytelling.[15:02] Reframing the narrative can unlock overlooked value.[16:26] Fundraising is marketing—Rory Sutherland's Alchemy cited.[17:22] Iteration is painful but critical—change takes work.[18:20] LPs care about the future, not just past returns.[19:09] Big firms re-entering mid and small-cap to chase alpha.[19:37] Middle East mistakes: wrong timing, same pitch, poor targeting.[20:34] Use portfolio milestones as conversation openers.[21:04] GCC LPs want both long-term trust and large co-invests.[21:59] Vision and culture alignment matter just as much.[22:29] Targeting is everything—don't chase irrelevant LPs.[22:59] LPs prefer North America, large GPs, proven track records.[23:57] Specialization and sector depth are rising priorities.[24:55] AI and tech are hot in the UAE—substance still matters.[25:54] Growing appetite for GP stakes from Middle East LPs.[26:21] Europe gaining ground as LPs move down-market.[27:14] Top reads: Alchemy, Acquired, Diary of a CEO, Tools of Titans, Atomic Habits.[29:05] Final thoughts: fundraising is either brutal—or it's fine. Nothing in between.Connect with James Varela on LinkedIn. Thanks for tuning in.Subscribe for more episodes on  iTunes & SpotifyGot feedback or questions? Email Alex at alex.rawlings@raw-selection.com. Until next time—keep smashing it!Raw Selection partners with Private Equity firms and their portfolio com

Cats outta the bag… we have stakes in 3 ecommerce brands and we're going to share everything on our journey to $1M/mo with them. In this episode, we share WHY we picked them and the first things we did. For two of them, we're five months into partnership and they've already grown revenue 395% collectively.If you want the scoop on what we looked for, what we did first, and what we're doing next, listen to this episode!Mentioned Resources:CEO DashboardThe Freedom Business ModelCheck out their links below:Pacific Hound - Bringing the outdoors in with handcrafted and carefully curated dog gear.The Quirky Mouse - Seriously Deep Cut DisneyRight Wing Naturals - Superior American Soap, Handcrafted For Men. -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-► Visit Our Website For Training and Resources ► Leave Us An Honest Rating, Email An Image Of Your Rating To team@theecommercealley.com, We'll Send You A $10 Amazon Gift Card As An Appreciation Gift!► Learn About Our Mentorship Program For Ecom Brands Making Over $10k/month► Follow Josh on social media: YouTube | Instagram | Facebook | TikTok |

Firms are the means of economic progress. India's micro, small and medium enterprises have been hobbled for decades, and flounder even today. Sudhir Sarnobat and Narendra Shenoy join Amit Varma in episode 419 of The Seen and the Unseen to discuss this landscape -- and Sudhir's brilliant new venture that aims to tackle this. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Sudhir Sarnobat on Twitter and LinkedIn. 2. Naren Shenoy on Twitter, Instagram and Blogspot. 3. How Frameworks — Sudhir Sarnobat's new venture. 4. Narendra Shenoy and Mr Narendra Shenoy — Episode 250 of The Seen and the Unseen. 5. Sudhir Sarnobat Works to Understand the World -- Episode 350 of The Seen and the Unseen. 6. We Are All Amits From Africa — Episode 343 of The Seen and the Unseen (w Krish Ashok and Naren Shenoy). 7. You're Ugly and You're Hairy and You're Covered in Shit but You're Mine and I Love You -- Episode 362 of The Seen and the Unseen (w Krish Ashok and Naren Shenoy). 8. The Teaching Learning Community. 9. Ascent Foundation. 10. The Beauty of Finance -- Episode 21 of Everything is Everything. 11. Other episodes of Everything is Everything on firms: 1, 2, 3, 4. 12. The Incredible Insights of Timur Kuran -- Episode 349 of The Seen and the Unseen. 13. Restaurant Regulations in India — Episode 18 of The Seen and the Unseen (w Madhu Menon). 14. Restart -- Mihir Sharma. 15. Backstage — Montek Singh Ahluwalia. 16. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 17. The Devil's Dictionary -- Ambrose Bierce. 18. The Bad and Complex Tax -- Episode 74 of The Seen and the Unseen (w Shruti Rajagopalan). 19. They Stole a Bridge. They Stole a Pond -- Amit Varma. 20. Bihar real estate brokers build illegal bridge on river. 21. The Globalisation Episode -- Episode 95 of Everything is Everything. 22. Is Globalization Doomed? -- Episode 96 of Everything is Everything 23. The Brave New Future of Electricity -- Episode 40 of Everything is Everything. 24. The Case for Nuclear Electricity -- Episode 78 of Everything is Everything. 25. अंतू बरवा -- Pu La Deshpande. 26. Testaments Betrayed -- Milan Kundera. 27. The Double ‘Thank You' Moment — John Stossel. 28. Marginal Revolution University. 29. The Bankable Wisdom of Harsh Vardhan — Episode 352 of The Seen and the Unseen. 30. Regrets for my Old Dressing Gown -- Denis Diderot. 31. Good to Great -- Jim Collins. 32. Economics in One Lesson -- Henry Hazlitt. 33. The Goal -- Eliyahu Goldratt. 34. The Toyota Way -- Jeffrey Liker. 35. Start With Why -- Simon Sinek. 36. The Lean Startup -- Eric Reis. 37. The Hard Thing About Hard Things -- Ben Horowitz. 38. Romancing the Balance Sheet -- Anil Lamba. 39. Connect the Dots -- Rashmi Bansal. 40. Zero to One -- Peter Thiel. 41. Acquired, Lenny's Podcast, EconTalk, Work Life, Rethinking, The Knowledge Project, How I Built This, Everything is Everything, HBR Podcast, Ideacast, Deep Questions. 42. How Family Firms Evolve -- Episode 34 of Everything is Everything. 43. Can We Build Switzerland in India? -- Episode 58 of Everything is Everything. 44. Dwarkesh Patel and Hannah Fry. 45. Habuild. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Amit Varma and Ajay Shah have launched a new course called Life Lessons, which aims to be a launchpad towards learning essential life skills all of you need. For more details, and to sign up, click here. Amit and Ajay also bring out a weekly YouTube show, Everything is Everything. Have you watched it yet? You must! And have you read Amit's newsletter? Subscribe right away to The India Uncut Newsletter! It's free! Also check out Amit's online course, The Art of Clear Writing. Episode art: ‘Battleground' by Simahina.

Today on Sed Contra, the Sacra Doctrina Project's Joey Belleza is joined by Alexander Masir, for a discussion of the solemnity of Corpus Christi.Be sure to follow the Sacra Doctrina Project on Facebook and Twitter as well.Music attribution: "Bach - Brandenburg Concerto No 3, 3 allegro" by Advent Chamber Orchestra. Acquired here. Edited for length. Used under Attribution-Share Alike 3.0 United States License. 

Is it true that founders should still own 50% of a company after a Series A fundraising round? Is 10% ownership at IPO a win or a loss? This episode delves into the topic of dilution, breaking down how much of your company you should sell at each stage, how to approach employee and advisor equity, and what employees should know about equity before taking a job. To answer these questions is Peter Walker, Head of Insights at Carta, and someone with a strong read on where the private tech market is headed. He and CJ also discuss when the best time to join a startup is and which cities outside of New York and San Francisco are desirable for people in this space. Peter shares insight into the state of the markets in 2025: What is happening with bridge rounds and down rounds, the odds of making it from seed to Series A, and the most telling statistic: AI funding.—LINKS:Peter Walker on LinkedIn: https://www.linkedin.com/in/peterjameswalker/Carta: https://carta.com/Carta's Founder Ownership Report 2025: https://carta.com/data/founder-ownership/Carta's published data reports: carta.com/dataCJ on X (@cjgustafson222): https://x.com/cjgustafson222Mostly metrics: http://mostlymetrics.com—TIMESTAMPS:(00:00) Preview and Intro(02:33) Sponsor – Pulley | Tropic | NetSuite(07:17) Head of Insights at Carta(09:32) The Users of Carta(12:20) Multiplayer Finance and Serving Both Sides(16:24) Sponsor – Planful | Tabs | Rippling Spend(20:15) Dilution: How Much Ownership You Should Give Up at Each Stage(23:02) What SAFEs Are(24:31) The Median Amount of Ownership for a Founding Team After the Series A(26:21) Should You Still Own 50% of the Company After Series A(27:18) Is 10% Ownership for a Founder at IPO Normal?(30:41) The Other Form of Dilution: Employee Equity Grants(34:25) What Employees Should Know About Equity Before Taking a Job(37:51) Why Equity Is Not Money(38:54) ISOs Versus RSUs(40:43) The Best and Worst Risk-Adjusted Time To Join a Startup(44:48) Remuneration by Location in Private Tech(47:39) Equity Comp by Location(48:43) Advisor Equity by Stage(51:28) Bridge Rounds Versus Down Rounds in the Last 6–12 Months(55:36) Survival Rates From Seed to Series A to Series B(57:36) The Best Time of Year To Fundraise(59:05) The Typical Age of a Startup When It's Acquired or It Exits(01:03:19) The State of the Market in 2025: AI Funding(01:06:18) Wrap—SPONSORS:Pulley is the cap table management platform built for CFOs and finance leaders who need reliable, audit-ready data and intuitive workflows, without the hidden fees or unreliable support. Switch in as little as 5 days and get 25% off your first year: pulley.com/mostlymetrics.Tropic is an intelligent spend management solution that consolidates your spend data and processes into one unified offering, enabling insights and decisive action. Take control of your spend with intelligent spend management at tropicapp.io/mostlymetrics.NetSuite is an AI-powered business management suite, encompassing ERP/Financials, CRM, and ecommerce for more than 41,000 customers. If you're looking for an ERP, head to https://netsuite.com/metrics and get the CFO's Guide to AI and Machine Learning.Planful's financial planning software can transform your FP&A function. Built for speed, accuracy, and confidence, you'll be planning your way to success and have time left over to actually put it to work. Find out more at www.planful.com/metrics.Tabs is a platform that brings all of your revenue-facing data and workflows - billing, AR, payments, rev rec, and reporting - onto a single system so you can automate and be more flexible. Find out more at: tabs.inc/metrics.Rippling Spend is a spend management software that gives you complete visibility and automated policy controls across every type of spend, saving you time and money. Get a demo to see how much time your org would save at rippling.com/metrics.#dilution #equity #stateofthemarket #privatetech #carta Get full access to Mostly metrics at www.mostlymetrics.com/subscribe

Arman Oganesian is one of the owners of a fast casual restaurant chain, Dave's Hot Chicken, focusing on Nashville-style hot chicken. What started in a parking lot in 2017 with 3 friends and only $900, just got acquired for $1Billion! In just 2 years, they formed an agreement with investor, Bill Phelps, former CEO of Wetzel's Pretzel and movie producer John Davis. Later, celebrity investors such as Drake and Samuel L Jackson jumped on board and have currently expanded to 1000 franchises. Dave's Hot Chicken is your modern day American Dream. Arman tells us their story and how they tipped over the bell curve.

If your car needs fixing, you might go to the end of Hudson Street for help. Now you have two more reasons to venture down on the "shores" of Route 50-- Vintage Vibe Finds and Artfully Acquired! Allison and Matt operate two vintage shops under one roof that it chock full of some of the coolest stuff around! Silver jewelry, vintage coiture, furniture, art, lamps, knick-knacks, and more await you in this small, locally owned shop. But I will caution you, spend some time and look around because there is a lot to see in this finely curated experience!  Have a listen--then go check them out! LINKS: Vintage Vibe Finds (Website) Vintage Vibe Finds (Facebook) Vintage Vibe Finds (Instagram) Artfully Acquired (Website) Artfully Acquired (Facebook) Artfully Acquired (Instagram)

In this power-packed episode of The Willpower Podcast, we sit down with Pennsylvania-based real estate investor Michael Kearse, who has cracked the code on creative deal-making. Michael shares his unique strategy for finding off-market deals and how he's leveraged seller financing to scale quickly—acquiring over 100 doors and raising more than $4 million in private capital along the way.Whether you're a beginner trying to break into the market or a seasoned investor looking for innovative tactics, Michael's approach to building wealth without relying on traditional bank loans will challenge and inspire you.Tune in to learn:How Michael sources deals that others overlookHis step-by-step process for structuring seller-financed dealsHow he builds trust and raises millions in private capitalThe mindset shifts that helped him scale rapidly

It's This Week in Bourbon for May 23rd. Scotch producer Loch Lomond Group has made its first move into American whiskey with the purchase of New York Distilling Co., ORCA golf has a new bourbon inspired golf bag line, and Milam & Greene Whiskey introduce The Answer.Show Notes: Loch Lomond Group acquires New York Distilling Co., entering American whiskey market. Council of Whiskey Masters welcomes 16 new members, including four Masters of Bourbon. BMW Car Club of America announces "Rendezvous – The Bourbon Trail 2025" in Louisville, June 12-15. ORCA GOLF launches Bourbon Collection golf bags in "Old Oak," "Tawny," and "Burnt Amber" hues, starting at $275. Hard Truth Distilling Co. partners with World Food Championships for "Charred Truth" Live Fire Invitational, June 27-28. New Riff Distilling releases First Decade Kentucky Straight Bourbon and Rye, 10-year-old, 120.5 proof, $90. Frank August releases Small Batch Kentucky Straight Rye Whiskey, 10-15 barrels per batch, $69.99-$74.99. Woodford Reserve releases Tawny Port Finish in Distillery Series, 90.4 proof, $65 for 375ml. Rebel Bourbon and Childress Vineyards release Rebel 100 Cabernet Franc Barrel Finish, 100 proof, $39.99. Milam & Greene Whiskey introduces "The Answer" Straight Bourbon, a two-bottle set comparing Kentucky and Texas aging, $150. Support this podcast on Patreon Learn more about your ad choices. Visit megaphone.fm/adchoices

OpenAI acquired Jony Ive's 55-person product-development startup for $6.5 billion, Google introduced a tool designed to identify content generated by its AI models, and Signal added a Screen Security feature to its Windows app. MP3 Please SUBSCRIBE HERE for free or get DTNS Live ad-free. A special thanks to all our supporters–without you, none ofContinue reading "OpenAI Acquired Jony Ive's 55-Person Product-Development Startup For $6.5 Billion – DTH"

What does it take to raise $3 million in a single day—without paid ads or a giant team? In this electrifying episode of the Hero Capital Show, Nate Lambert shares how he went from flipping single-family homes to raising over $23 million and acquiring $67M+ in multifamily and land development assets—all while juggling life as a single dad of five. Nate breaks down his full capital-raising system, including how he used 12 virtual assistants, AI tools, and social media to fill a webinar that generated 33 soft commits from 72 attendees. From building investor trust to running a pitch night that converts, this episode is a masterclass in massive action, authentic storytelling, and scaling smart with systems. If you're an investor or entrepreneur ready to raise big in today's market, don't miss this playbook. 5 Key Takeaways to learn from this episode:Start With Intention: Nate's vision boards, affirmations, and public goal setting created urgency, direction, and action—turning a tax crisis into a $25M acquisition push.Power of Personal Branding: His “Active Life, Passive Income” podcast and omnichannel content helped convert followers into investors—without violating 506(b) rules.Leverage Tech + Team: By deploying 12 specialized VAs and AI workflows, Nate scaled investor outreach, content creation, and follow-up with precision.Educational Events Win Trust: He built long-term investor relationships through years of coaching, workshops, and online events—making his pitch night a natural close.Authenticity Sells: Rather than hiding risks, Nate openly discussed the market, his challenges, and how he rebounded—creating credibility and connection that converted.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

Joined this episode by the one and only Jason Joannides! I was excited for the conversation and it did not disappoint. We talked about acquired structures, setting them on fire and the challenges involved when training in them.  We also got to dive into aspects of truck culture and how to build it (try not to eat the crayons) and of course... all the awesome questions that the audience threw our way!  

It's This Week in Bourbon for May 16th, Old Elk has been acquired by Middle West Spirits, Bardstown Bourbon Co has named a Master Blender, and Blue Run releases the Blue Run Flight SeriesShow Notes: Old Elk acquired by Middle West Spirits; tasting room closed. Oregon ethics panel rejects Pappy Van Winkle scandal fine. InvestBev invests eight-figure sum in Registered Distillery One. Smoke & Oak book explores bourbon and cigar history, pairings, out May 28. Lofted Spirits elevates Dan Callaway to Master Blender. Knob Creek Single Barrel Select now cask strength, Bourbon & Rye, $69.99 SRP. Hard Truth releases American Odd Sweet Mash Bourbon, 100 proof, $69.99. Blue Run Spirits releases Flight Series III "micro batch" whiskeys, $124.99 SRP each. Support this podcast on Patreon Learn more about your ad choices. Visit megaphone.fm/adchoices

On Thursday, Coinbase announced its acquisition of Deribit in a $2.9 billion deal, the largest merger in the crypto industry to date. In this episode, Owen Lau, executive director and senior analyst at Oppenheimer, delves into why Deribit was such a coveted prize, what this deal means for the global derivatives landscape, and how Coinbase is using its position as a public company to cement its dominance. Plus: The importance of Coinbase paying mostly in stock and barely touching its cash How the derivatives market dwarfs spot trading, and is only getting bigger What this means for CME and smaller crypto exchanges And how Base, Coinbase's L2, fits into the long game Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! FalconX Bitkey: Use code UNCHAINED for 20% off Mantle Guest Owen Lau, Executive Director and Senior Analyst at Oppenheimer Timestamps: