Podcasts about valuations

Alex Bouaziz is the Co-Founder and CEO @ Deel, the $17BN global payroll juggernaut that just last week announced their latest $300M fundraise led by Ribbit, a16z and Coatue. Deel has been on the most insane journey, they do $1BN+ in ARR, they just had their first $100M revenue month and they have been profitable for over 3 years.  AGENDA: 03:38 Announcing $300M Fundraise at a $17BN Valuation 06:24 Rippling vs Deel: WTF is Going On? Where is the Lawsuit?  14:01 Why 1-1s Are BS and Leaders Should Stop Doing Them 17:31 Do Rich Leaders Make Better Leaders 28:33 Biggest Lesson from Ben Horowitz? Why Most CMOs Are Bad? 34:48 Lessons from Nik @ Revolut and Why Companies Need to Make Their Own Software 42:23 Deel's Acquisition Playbook: Lessons from 13 Acquisitions 45:17 How to Price Acquisitions? How to Align Incentives with Founders? 55:45 Deel is Profitable and Growing Fast: When is the IPO? 01:01:35 Best Acquisition Ever + Worst Ever: What Did We Learn?  

Welcome to another thought-provoking episode of Build a Better Agency! This week, host Drew McLellan welcomes Ben Gaddis—former agency owner, seasoned operator, and now private equity investor—to give you an insider's view of what makes an agency truly valuable in today's changing landscape. Drawing on his unique journey from building and selling his own highly successful agency to investing in others, Ben shares a holistic, 360-degree perspective on agency growth, acquisition, and evolving business models. In their honest discussion, Drew and Ben explore how the definition of agency “success” has shifted from hiring more staff to focusing on lean, highly efficient delivery and organic account growth. Ben discusses the increasing importance of productization, technology, and leveraging global resources, while still maintaining creativity and strategic value. You'll learn why being intentionally smaller can offer you bigger opportunities, how to balance artisanal creativity with scalable systems, and the dangers of being stuck in the “dangerous middle” of agency offerings. The conversation also tackles practical strategies for driving organic revenue, such as implementing account growth systems, setting clear client expansion targets, and leveraging tech to empower senior talent. Ben offers a candid investor's perspective on what he looks for in a potential acquisition—including founder vision, unique positioning, and the ability to scale beyond the owner. The episode rounds out with actionable advice on hiring for strategy, pricing for value, and pushing past limiting beliefs that hold many agencies back from real growth.   If you're an agency leader contemplating the future—be it refining your business model, growing more profitably, or exploring eventual exit options—you'll find this episode packed with strategic insights and hard-earned lessons from both sides of the deal. Get ready to rethink how you scale, sell, and position your agency for what's next!   A big thank you to our podcast's presenting sponsor, White Label IQ. They're an amazing resource for agencies who want to outsource their design, dev, or PPC work at wholesale prices. Check out their special offer (10 free hours!) for podcast listeners here. What You Will Learn in This Episode: The evolving definition of agency value and what buyers are really seeking   The impact of technology and AI on agency models and service delivery Choosing between productized “factory” models vs. bespoke creative shops The critical role of organic growth and client retention in increasing agency value Leveraging operating systems and account plans to systematically grow existing accounts How right-sizing and hybrid staffing models can drive profitability The importance of founder vision and clear differentiation for long-term success

This episode explores the current mania gripping the metals sector, featuring Paul Gurney of Beacon Securities, discussing everything from gold and silver to copper and Rare Earths. The conversation addresses the challenge of managing investment portfolios during high-momentum boom cycles, noting the painful, quick corrections that follow rising sentiment and the propensity of investors to "buy the dip".Shifting focus to industrial commodities, the discussion examines the tight copper market, highlighting significant supply destruction and the fact that long-life assets are old and difficult—costing over $12 billion—to replace. Finally, Paul identifies lithium as an "off the radar" opportunity that could get tight quickly, arguing that the market may soon mirror the successful capital raises and subsequent re-rating recently seen among gold explorers.This episode of Mining Stock Daily is brought to you by... Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠revival-dash-gold.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vizsla Silver is focused on becoming one of the world's largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠https://vizslasilvercorp.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equinoxgold.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com

Selling a family business is a unique challenge that can present unexpected hurdles. This episode reveals the complexities you'll face and gives you actionable advice on how to handle them. You'll learn how to navigate family disagreements, plan for your legacy, and prepare for a successful sale that satisfies all involved. View the complete show notes for this episode. Want To Learn More? Business Exit Plan & Strategy Checklist | A Complete Guide Tips on Preparing Your Business for Sale Selling a Business: A High-Level Overview Additional Resources: Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

On the latest news and notes edition of the Mortcast Jeff talks about how Major League Baseball ratings are doing great right now, the reason for it, and why the NBA should be encouraged. Also Jeff talks about the Denver Nuggets team valuation via Sportico and finally Brian Windhorst's article about the NBA chasing that Middle East money. Enjoy the show! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this Company episode of The Synopsis we talk about APi Global, a high quality B2B service provider that specializes in fire safety and other important business service verticals. The company has been undergoing a transition by eschewing one-off construction projects and moving to more recurring and higher margin service revenue. In this episode we draw from our 61-page research report on APi Global to cover everything from their involvement with legendary investor Martin Franklin and the business transformation to the many types of services they offer and the large competition set they face. We hope you enjoy!  **Learn more about our 61-page report here** For full access to all of our in-depth research reports, become a Speedwell Member here.  If you need help getting Speedwell Research to become an approved research vendor, so you can expense your subscription, please email info@speedwellresearch.com  *~*~*~* -*-*-*-*-*-*-*-*-*-*- Show Notes ~Section 1: Business History~ (0:00)  — Intro (6:22)  — Martin Franklin and The History of APi Group (13:12)  — Leading With Inspections (24:16)  — Smaller Project Focus and M&A (28:18)  — Chubb Acquisition and Improving Service Mix ~Section 2: Business Background~ (34:40)  — Revenue Segment Breakdown (42:15)  — The Shift to Recurring Revenues (45:50)  — Profitability ~Section 3: Industry and Competition~ (48:00)  — Industry and T.A.M (50:31)  — Competition and Competitive Advantages (1:05:00)  — APi Group Model and Industry Dynamics ~Section 4: Capital Allocation, Risk, and Valuation~ (1:26:05)  — Capital Allocation, FCF Conversion, and ROIC (1:34:35)  — Preferred Shares and Insider Ownership (1:36:06)  — Reverse DCF Valuation  (1:38:20)  — Risks (1:41:50)  — Outro -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!   Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording contributors had a position in APG. Furthermore, accounts contributors advise on also may have  a position in APG. This may change without notice. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/

Scott and Eben speak with Kurt Badenhausen, Sportico's valuations guru, about his latest NBA rankings. They discuss the business of the Warriors, Clippers and Knicks; the NBA's international opportunity; a shift towards an NFL-style model; the economics of new arenas; and more. 1:00 – Kurt's opening takes 6:00 – International opportunity 6:57 – The China question 17:57 – Scott prediction 19:46 – Clippers 24:40 – Thunder 28:57 – Start of the rapid fires… 32:37 – Who is more superlative? 33:24 – The “classic question” Learn more about your ad choices. Visit megaphone.fm/adchoices

Your Bar's True Worth Might Surprise YouMost bar owners think their place is worth more than it really is until they see what buyers actually pay.The truth? Your bar's value isn't based on how much you've poured into the buildout or how great your vibe is. It's based on what someone's willing to write a check for.In this episode, we are going to break down exactly how bars are valued using EBITDA, revenue, and asset-based methods and what separates the ones worth two times earnings from the ones that sell for four times.Whether you're planning to sell or just want to grow a stronger business, this is your roadmap to building a bar that's ready for anything, investors, buyers, or the next chapter.What You'll Learn

First impressions happen fast—and they stick. In this episode of Behind The Numbers With Dave Bookbinder, Dave talks with Sylvie DiGiusto, international keynote speaker and author of The Image of Leadership, about how leaders can shape powerful first impressions and build lasting influence. Sylvie breaks down her A-B-C-D-E framework—Appearance, Behavior, Communication, Digital footprint, and Environment—and explains how each element contributes to your executive presence. She also shares how she's using 3D immersive holographic technology to deliver presentations that leave a lasting impact. You'll hear practical strategies for: Understanding how unconscious bias affects first impressions Elevating your executive presence both online and offline Projecting confidence authentically, even if you're an introvert Bouncing back from a poor first impression Choosing a single “anchor word” that defines your personal brand Key takeaway: Be intentional about how you show up, prove your authenticity through consistent actions, and leverage what makes you unique. To see Sylvie's holographic presentations and learn more about her work, check her out online. Subscribe to Behind The Numbers With Dave Bookbinder on your favorite podcast platform so you never miss an episode. If you enjoyed this conversation, please share it with your network and leave a review—it helps more business owners and advisors discover the show!   About Our Guest: International keynote speaker Sylvie di Giusto, CSP, brings decades of corporate expertise from Europe to every presentation.As a management consultant for Fortune 100 companies, the former head of a management academy and innovation hub,and Chief of Staff for the Human Resources Officer at Europe's largest retail and tourism group, Sylvie implemented online and in-person training programs, pioneered cutting-edge leadership development initiatives, and led group-wide human resources strategies. With two decades of working at the crossroads of business operations, strategy, and performance, She is the author of more than a dozen books, including The Image of Leadership and Discover Your Fair Advantage, as well asthe creator of the online learning lab How You Impress.By leveraging her five cornerstones of intentional decision-making—visual, behavioral, verbal, digital, and social intelligence—Sylvie transforms her audiences' decision-making skills, empowering them to excel as leaders, drive sales success, and enhance their organization's brand reputation. Whether through her signature interactive keynotes or her groundbreaking 3D holographic flagship presentations, Sylvie combines research-driven insights, captivating storytelling, and cutting-edge technology to take audiences on a thought-provoking journey through the brain and mind—from the unconscious to theconscious—and ultimately to the heights of personal, professional, and organizational success. Website: www.sylviedigiusto.com   About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.    Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.    He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.”   Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.  

In this episode, the team breaks down the decision every IT services leader wrestles with: Grow, Buy, or Grow to Sell. You'll hear where firms typically hit operational ceilings, why acquisitions amplify your go-to-market (for better or worse), and what it takes to be truly “ready to sell.” We cover the cash and capability requirements behind each path, common traps (buying to fix sales, serial deals without integration, ignoring working capital), and a simple framework to choose based on time horizon, risk tolerance, and valuation goals. Whether you're building toward a premium exit or debating your next add-on, you'll walk away with practical steps to drive multiple expansion now.Three paths, three realitiesGrow (organic): sharpen ICP, offers, pricing power, utilization, and pipeline discipline.Buy (inorganic): clear thesis, cultural fit, day-0/30/90 integration plan, and post-close GTM.Grow to sell: clean financials/QofE-ready, recurring mix, concentration reduction, leadership bench.Decision drivers: time horizon, leadership bandwidth, cost of capital, integration capacity, risk profile.Valuation levers: recurring revenue %, margin quality, growth durability (Rule of 40/45), customer concentration, integration track record.Common pitfalls: buying to “fix” sales, underestimating change management and working capital, skipping playbooks.Playbooks that travel: discovery→close process, delivery runbook, ICP x offer matrix, integration day-0/30/90, KPI cadence.Outcome framing: optionality done right = two good outcomes (keep growing or transact at a premium).Thinking about building, buying, or prepping for exit? Revenue Rocket has led hundreds of IT services transactions and integrations. If you're weighing the path (or want a sanity check on the math) let's talk: info@revenuerocket.com KEY TAKEAWAYSAcquisitions magnify GTM—they don't fix it.Operational maturity decides whether you stall at ceilings or scale past them.If premium exit is the goal, optimize recurring mix, margins, and concentration now.Model post-close working capital and integration costs, not just purchase price.“Grow to sell” is a discipline game: clean books, durable pipeline, and leadership redundancy. RELATED EPISODESQuestions to Ask before you Consider an M&A initiative. Listen now >>All Roads Lead to M&A. Listen now >>Episode 90: Selling in vs Selling Out. Listen now >>Episode XX: Rule of 45. Listen now >> Listen to Shoot the Moon on Apple Podcasts or Spotify.Buy, sell, or grow your tech-enabled services firm with Revenue Rocket.

Barry McDonald, of McDonald property and O'Shea O'Toole Waterford

In this episode, CJ sits down with Joe Floyd, General Partner at Emergence Capital, for a candid conversation about the venture landscape reshaped by AI. They unpack how acqui-hires are rewriting the social contract between founders and investors, why AI engineers are commanding “boy band money,” and how SaaS playbooks are being torn up and rebuilt in real time. Joe explains the economics of AI-native startups — from circular capital flows to model-provider costs — and explores whether the next trillion-dollar private company could come from this new wave. Along the way, they discuss valuation frenzy, headcount discipline, and why curiosity might be the most valuable skill in tech today.—LINKS:Joe Floyd on LinkedIn: https://www.linkedin.com/in/joefloyd/HarbourVest Partners: https://www.emcap.com/CJ on X (@cjgustafson222): https://x.com/cjgustafson222Mostly metrics: https://www.mostlymetrics.comRELATED EPISODES:Why Fundraising Has Slowed Down: Insights from Emergence Capital's Benchmarking Report: From Credit Karma to Notion: CFO Rama Katkar on Leading Finance Through Every Growth Stage:—TIMESTAMPS:(00:00:00) Preview and Intro(00:00:54) Opening and Episode Overview(00:02:53) Sponsor – RightRev | Tipalti | Aleph(00:07:07) Back to the Office and Startup Pace in San Francisco(00:08:40) AI Tooling Experiments and the Risk of Short-Term Hype(00:10:19) Building Stickier AI Products and Competing in Crowded Markets(00:12:27) SaaS Moats, Product-Market Fit, and the AI Shift(00:14:00) How Productivity Platforms Use AI To Stay Sticky(00:15:58) Continuous Authentication and the Next Wave of Security Tech(00:16:36) Sponsor – Rillet | Fidelity Private Shares | Mercury(00:19:54) Acqui-Hires, the Social Contract, and the War for AI Talent(00:22:42) Stock-Based Comp and the Economics of Attracting Engineers(00:24:39) The New Go-to-Market Playbook and Curiosity as a Superpower(00:27:59) AI's Impact on Sales, Forecasting, and Buyer Behavior(00:29:11) Coding Agents, Headcount Reduction, and the Future of Engineering(00:32:21) Building Defensible IP and Competing in the LLM Ecosystem(00:34:34) AI ROI, Payback Periods, and the Search for Efficiency(00:37:17) Valuations, Fund Cycles, and the Venture Market Reset(00:40:20) The Circular Flow of AI Capital and Infrastructure Overbuild(00:45:37) AI Pricing Models, Platform Wars, and Open Source Futures(00:50:02) The Race to the First $1 Trillion Private Company(00:51:09) Credits and Outro—SPONSORS:Fidelity Private Shares is the all-in-one equity management platform that keeps your cap table clean, your data room organized, and your equity story clear—so you never risk losing a fundraising round over messy records. Schedule a demo at https://www.fidelityprivateshares.com and mention Mostly Metrics to get 20% off.Mercury is business banking built for builders, giving founders and finance pros a financial stack that actually works together. From sending wires to tracking balances and approving payments, Mercury makes it simple to scale without friction. Join the 200,000+ entrepreneurs who trust Mercury and apply online in minutes at https://www.mercury.comRightRev automates the revenue recognition process from end to end, gives you real-time insights, and ensures ASC 606 / IFRS 15 compliance—all while closing books faster. For RevRec that auditors actually trust, visit https://www.rightrev.com and schedule a demo.Tipalti automates the entire payables process—from onboarding suppliers to executing global payouts—helping finance teams save time, eliminate costly errors, and scale confidently across 200+ countries and 120 currencies. More than 5,000 businesses already trust Tipalti to manage payments with built-in security and tax compliance. Visit https://www.tipalti.com/runthenumbers to learn more.Aleph automates 90% of manual, error-prone busywork, so you can focus on the strategic work you were hired to do. Minimize busywork and maximize impact with the power of a web app, the flexibility of spreadsheets, and the magic of AI. Get a personalised demo at https://www.getaleph.com/runRillet is the AI-native ERP modern finance teams are switching to because it's faster, simpler, and 100% built for how teams operate today. See how fast your team can move. Book a demo at https://www.rillet.com/metrics#RunTheNumbersPodcast #VentureCapital #ArtificialIntelligence #StartupStrategy #FutureOfWork This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

Chris Kaminski and Hao Dang discuss the recent Fermi IPO, the implications of AI on the market, and the current state of the housing market. They explore the potential risks and opportunities presented by the AI bubble, the impact of Fed policies on the economy, and the challenges facing first-time homebuyers. The discussion also touches on corporate strategies in the face of economic uncertainty and the evolving landscape of technology investments.We discuss:➡️Fermi's IPO performance raises questions about market valuations.➡️The AI bubble presents both opportunities and risks for investors.➡️Fed policies are crucial in shaping economic stability and growth.➡️The housing market faces significant challenges due to high mortgage rates.➡️Corporate strategies are adapting to changing economic conditions.➡️Investors need to be cautious about valuations in a bubble.➡️AI's revenue model is heavily reliant on consumer subscriptions.➡️The housing market's affordability crisis is worsening for first-time buyers.➡️Market dynamics are influenced by corporate spending and investment strategies.➡️The tech sector's growth is not uniform, with some companies thriving while others struggle.To learn more about us or stay in the loop, visit www.consiliowealth.comDo you work at Microsoft, Amazon, Meta, or Google? Check out our free benefits guidesSubmit a question to team@consiliowealth.comwww.consiliowealth.com/disclosures 

In today's episode of 15 Minutes of Finance, we break down the latest market news and what investors should really watch for beneath the headlines. We dive into the forward price-to-earnings (P/E) ratio, Explaining how current P/E is used to value stocks and why it can sometimes paint a misleading picture. James also tackles common misconceptions about valuation, including why a “high” P/E doesn't always mean a stock is overvalued. Whether you're a long term investor or just trying to understand how Wall Street prices stocks, this episode gives you clear, no-jargon insight into today's markets and what it all means for your portfolio.Minor correction Costco trades at a 49 Forward P/E and Nvidia at a 30 Forward P/E

Does Net Revenue Retention (NRR) really move your company's valuation multiple? Absolutely — and the difference can be worth tens of millions of dollars. In episode #319, Ben Murray breaks down new data from Meritech Capital and Benchmarkit.ai to show exactly how changes in your NRR directly impact your revenue multiple and SaaS valuation. You'll also learn why ACV segmentation matters when benchmarking NRR and Gross Revenue Retention (GRR), and how top-performing SaaS companies are using retention metrics to drive investor confidence and higher valuations. What You'll Learn The link between NRR and valuation multiples — a 7-point jump in NRR can double your multiple. How a $5M ARR company can see a $25M valuation swing from retention improvements. The latest SaaS benchmarks from Ray Rike (Benchmarkit.ai) for NRR and GRR. Why you must benchmark NRR by ACV, not company size or industry averages Why investors prioritize retention when evaluating durability, efficiency, and predictability of revenue. Why It Matters For SaaS Founders: NRR improvements can directly increase your exit or fundraising valuation. For CFOs & Finance Leaders: Retention trends reveal the sustainability of your revenue model and influence your ARR growth forecast. For Investors: High NRR signals strong customer economics, pricing power, and efficient growth. For Operators: Knowing your NRR by ACV cohort allows smarter resource allocation and customer success planning. Resources Mentioned The SaaS CFO Academy: https://www.thesaasacademy.com/#section-1744932157830 Quote from Ben “A 5X difference in valuation multiple can come down to just a few points in your net revenue retention. That's the power of strong SaaS metrics.”

Warren Pies joins Excess Returns to discuss why he believes we've entered a “Debasement Regime,” what that means for investors, and how it differs from the post-GFC deflationary era. He explains the psychology behind this shift, how it's changing market behavior, and what it means for asset allocation, gold, bonds, small caps, and the Federal Reserve. This conversation covers macro strategy, portfolio construction, and how investors can adapt to a world focused on protecting purchasing power rather than principal.Main topics covered• The shift from deflation to debasement and what defines this new regime• Why protecting purchasing power is replacing the fear of losing principal• Fiscal policy, deficits, and how politics drive the debasement dynamic• The cyclical vs. secular forces shaping markets today• Labor market analysis and the idea of “malignant stasis”• How bonds fit in a debasement era and when they hedge equities again• Valuations, bubbles, and why Warren sees room for the S&P 500 to rise further• Gold as the key debasement asset and how to manage the trend• Portfolio construction in a 60/40-is-dead world• AI, productivity, and the longer-term implications for growth and inflation• What could ultimately break the debasement regimeTimestamps00:00 Debasement vs. deflation and the new investor mindset07:40 Fiscal deficits, policy shortcuts, and the debasement channel10:25 Reacceleration or illusion: the cyclical economic outlook16:42 The labor market's “malignant stasis” and what it signals21:17 How Warren values bonds and equities in this environment29:34 Bond vigilantes and the likelihood of a true bond revolt34:00 Valuations, bubbles, and the path to S&P 7,00038:27 Why small caps remain a short against large caps41:37 Value stocks, energy, and timing hard asset rotations45:08 Gold's breakout and how to manage the position50:00 Portfolio construction in a debasement era54:32 AI's potential to reshape productivity and demographics57:13 What could end the debasement regime59:46 Managing risk with technicals and conviction with fundamentals

This week, the Dental Amigos welcome Joe McGonigal, dental industry veteran, sell-side advisor, and Partner at DDSmatch. With over 20 years of experience, Joe specializes in guiding dentists through successful practice transitions across the Mid-Atlantic region. In this episode, Joe shares his journey from broker newcomer to trusted advisor, and dives into the evolving landscape of dental practice valuations, the impact of DSOs, and the critical role of clean data and strategic guidance in closing high-stakes transitions. To learn more about Joe McGonigal and DDSmatch, visit ddsmatch.com or reach out to him directly at jmcgonigal@ddsmatch.com. Listeners who want to reach Paul can do so at Paul@DentalNachos.com and those who want to reach Rob can do so at Rob@RMontgomery-law.com.

Send us a textInvest in pre-IPO stocks with AG Dillon & Co. Contact aaron.dillon@agdillon.com to learn more. Financial advisors only.00:08 - xAI $20B GPU Financing Structure Nears Close01:42 - Reflection AI Raises $2B Round Builds Open-Source Frontier Lab02:37 - n8n $180M Series C Drives 7x Valuation Jump to $2.5B03:26 - Base Power $1B Raise Targets 200k Home Batteries by 202704:13 - ICE Takes Polymarket Stake as Prediction Volume +700% YTD05:01 - Cerebras $1.1B Series G at $8.1B Valuation Ahead of IPO05:51 - BVNK Acquired by Coinbase-Mastercard06:41 - OpenAI ChatGPT Go Expands to 16 Asian Markets07:31 - OpenAI $18B AMD GPU Deal Diversifies Beyond Nvidia08:19 - OpenAI Sora 2 Hits 30M Users in Week One08:57 - OpenAI Instant Checkout Allows eCommerce in ChatGPT09:47 - OpenAI AgentKit Launch Accelerates AI Agent Economy10:30 - Google Gemini Enterprise Targets Copilot's 15M Seats11:12 - SpaceX | Starlink Revenue +40%, 120 Launches in 2025

AGENDA:  03:29 OpenAI and AMD's Major Partnership 07:35 Microsoft Have F***** Up the OpenAI Partnership  17:08 OpenAI's Developer Day Announcements 20:45 Why VC is the Most Forgiving Asset Class on Price and Valuation 29:10 What Does it Take to IPO in 2025: Why Snyk Will Not IPO 42:30 Four Strategies Companies Need to Take to Own Their Own Destiny 49:31 Vercel Raises $300M at $9BN: Suicide Round or Strategic 55:39 Does King Making Really Work in Venture Capital: Legora vs Harvey 01:08:11 Chamath Raises Latest SPAC: SPACs are Back 01:10:56 Polymarket Raises $2BN at a $9BN Valuation 01:14:53 Quick Fire Questions and Wrap-Up  

In this episode of the Revenue Builders Podcast, our hosts John Kaplan and John McMahon welcome back J. Douglas Holladay, Founder & CEO at PathNorth, to discuss his book, 'Rethinking Success' focusing on the chapter on gratitude. Doug shares his insights on the profound impact of gratitude on personal and professional life. The conversation delves into the science behind gratitude, practical steps to incorporate it into daily routines, and its influence on emotional well-being. The episode also highlights personal anecdotes, the importance of naming and confronting one's inner demons, and how leaders can foster a positive work environment through appreciation. The discussion emphasizes that gratitude is a muscle that can be developed and a practice that transforms lives.ADDITIONAL RESOURCESConnect with J. Douglas Holladay.LinkedIn: https://www.linkedin.com/in/dougholladay/Explore Force Management's Free SKO Planning Resources: https://hubs.li/Q03K94cs0Read the Guide on Six Critical Priorities for Revenue Leadership in 2026: https://hubs.li/Q03JN74V0Watch Force Management's Panel Discussion on Growth, Valuation and Execution: https://bit.ly/4p6kyGSEnjoying the podcast? Sign up to receive new episodes straight to your inbox: https://hubs.li/Q02R10xN0HERE ARE SOME KEY SECTIONS TO CHECK OUT[00:03:30] Diving into 'Rethinking Success'[00:03:53] The Power of Gratitude[00:13:05] Practical Gratitude Practices[00:25:55] Embracing Solitude and Reflection[00:34:24] Facing Life's Challenges Head-On[00:35:02] The Power of Naming Your Demons[00:36:28] Owning and Sharing Your Story[00:38:31] Teaching Bravery and Authenticity at Georgetown[00:44:30] The Impact of Gratitude Letters[00:53:40] The Importance of Positive Reinforcement[01:04:13] Practicing Gratitude in Everyday LifeHIGHLIGHT QUOTES[00:04:42] “The more of an effort you make to feel gratitude one day, the more feeling will come to you spontaneously in the future.”[00:07:47] “Gratitude is the one emotion that cannot share space with anything else in the brain at the same time.”[00:09:33] “Nobody changes through an argument. It's more how you penetrate the emotions.”[00:10:48] “Trouble is the stuff of life. We're always going to be navigating trouble, but gratitude is one of the tools to get in a good space.”[00:39:40] “You can't be a great leader if you haven't understood and owned your story.”[00:55:00] “For every negative interaction you have, it takes five positives to overcome it.”[01:06:00] “Gratitude is a way of living that has a massive return, but it's a practice, not an event or a feeling.”[00:45:30] “To be nobody but yourself in a world that's trying every day to make you something other than yourself is the bravest thing you can do.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Most people think valuations come down to simple formulas: EBITDA multiples, discounted cash flows, and comps. The reality in aerospace and defense is far more complex.  That's the reason so many owners and even investors misunderstand how acquisitions actually work in this industry. The truth is, not every buyer values the same business the same way. A small private buyer focuses on what they can finance. A mid-sized family-owned firm is driven by IRR and payback ratios.  Large public companies move based on stock price and accretion. And private equity? Despite having the cash, they often find themselves at a disadvantage, outbid, or outmaneuvered by buyers who can leverage existing capacity, sales teams, and operating talent. That's also why talent is one of the most overlooked yet critical pieces of any deal. The quality of management, the depth of customer relationships, and even succession planning can add or strip away millions from a sale price. In this episode, sell-side banker Bill Alderman returns for his quarterly M&A check-in. We break down the five buyer mindsets that actually drive valuation, and how management succession becomes the most valuable “intellectual property” in a deal. You'll also learn: The five buyer archetypes, and how each one calculates value differently Why “financeability” sets the floor and “EPS accretion” sets the ceiling The critical role of management teams and succession planning in deal pricing How strategic buyers use capacity, salesforce, and cost absorption to outbid private equity Why valuation isn't just math, it's psychology, timing, and leverage What today's seller-friendly market means for owners looking to exit in the next 12–24 months   Guest Bio William H. Alderman (Bill) is the Founding Partner of Alderman & Company. Bill is an M&A specialist in the middle market of the aerospace and defense industry with over $2 billion in mergers and acquisition-related transactions to his name. Prior to founding Alderman & Company in 2001, Bill worked for 15 years on Wall Street and in the Aerospace & Defense Industry, principally on M&A transactions in the middle market. His employers included BT Securities, Fieldstone, and General Electric. Bill is a Securities Principal registered with the Financial Industry Regulatory Authority (“FINRA”) and has four securities industry licenses (Series 7, 24, 63, and 65). Bill is a commercial pilot and owns and operates a Cirrus SR22. URL Link: https://www.aldermanco.com/ LinkedIn - William Alderman https://www.linkedin.com/in/williamalderman/   About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years' experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women's Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

Discover if stocks are in a bubble. Are you on track for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters!  INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any recurring fees. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning.  SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.  #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)

Don't let integration problems shrink your payout. This episode guide you through merger integration, revealing how preparing before closing is the secret to a smooth, profitable exit. Learn to proactively shape the transition, de-risk the deal for buyers, and ensure your team stays focused to maximize your sale value. View the complete show notes for this episode. Want To Learn More? The M&A Training & Transition Period M&A Guide | The 4 Types of Buyers of Businesses Informing & Retaining Employees When Selling a Business Additional Resources: Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

How do you cut through distraction and reclaim your focus in today's always-on world? In this episode of Behind The Numbers With Dave Bookbinder, bestselling author and TEDx speaker Greg Bennick shares seven powerful strategies from his new book Reclaim the Moment. Greg and I explore practical ways to sharpen focus, manage pressure, and create deeper connections—including: Why “keeping your eyes on the knife” helps you stay aligned with your most critical work Quick techniques to center yourself before high-stakes moments Why success can feel scarier than failure—and how to move past it The role of kindness, laughter, and relationships in building a more meaningful life and career Greg also shares stories from his early days as a teenage performer and offers actionable advice you can use immediately to boost productivity and fulfillment - both at work and beyond. Learn more about Greg and his work at gregbennick.com.----more---- About Our Guest: Greg Bennick knows about focus. Though reading about his life, you wouldn't know that. He is a best-selling author, a keynote thought leader, a noted rare coin researcher, a TEDx speaker and speaking coach, a humanitarian philanthropist, and an influencer devoted to transforming the world by inspiring personal and social change. For the last three decades he has traveled the world listening to people and what they most want and need. He's come to realize that people want to matter. They want to feel that they are valued and significant contributors to a meaningful idea or vision. They want to be engaged and to feel inspired. If you can capture that in them, it is like high octane fuel for teamwork. When Greg traces back his own focus journey, he realizes that one moment, seeing a juggling ball flying aloft at twelve years old, changed everything for him. In the moment, he decided that he wanted to learn to juggle, but while learning to juggle changed his life, it wasn't until much later that he realized that it wasn't the juggling ball that was meaningful nearly as much as it was the FOCUS on the juggling ball that was meaningful. That differentiation transformed his life. Greg's new book Reclaim the Moment: 7 Strategies to Build a Better Now is an exploration of how to get back on track when we've been thrown off course by the world. About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.    Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.  He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.” Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.

In this episode of the InsuranceAUM.com podcast, host Stewart Foley, CFA, speaks with Carrie Mears, Chief Investment Specialist at the Iowa Department of Insurance and Financial Services. Carrie offers a rare regulatory perspective on how insurance investment oversight is evolving—touching on key topics like NAIC reforms, the restructuring of the Valuation of Securities Task Force, and the growing influence of private credit on insurer portfolios.   The conversation dives into the challenges of transparency, capital treatment, and risk assessment in today's complex investment landscape. Carrie also shares insights from her roles at both the NAIC and the IAIS, offering a global lens on regulatory frameworks and their implications for CIOs, portfolio managers, and other insurance investment professionals. It's an informative, accessible episode filled with practical insights for anyone navigating the intersection of regulation and insurance asset management.

What do a $500B AI valuation, mid‑match game ads, and a driverless traffic stop have in common? They all expose the gap between shiny innovation and the infrastructure, policy, and psychology that actually make tech work—or break trust.We open with OpenAI's eye‑popping valuation and go beneath the headline to the parts no press release glamorizes: data centers, power, cooling, fiber, and GPU supply. With partners like Nvidia, Oracle, and Microsoft shaping access, we unpack why AI will likely consolidate around a few players and what that means for startups burning cash on compute. From there, we challenge the classic “my phone is listening” myth. Instagram's chief says no, and we explain why your ads still feel psychic: cross‑app tracking, pixels, cookies, SDKs, and identity graphs that stitch your behavior together better than a hot mic ever could.Snapchat's move to charge for Memories over 5 GB hits a nerve. We talk about the end of “free forever,” how to export your data cleanly, and why local storage and physical media are making a quiet comeback as people hedge against shifting terms. Then the wild card: a free, ad‑supported tier for cloud gaming. We explore how interrupting live sessions could nudge upgrades—or kill trust—and what smart implementations might look like if Microsoft wants to keep gamers loyal. A quick detour into our favorite segment, Two Truths and a Lie, proves once again that “too dumb to be real” is no longer a safe bet.The Tech Fail may be the most telling: California police stop a Waymo for an illegal U‑turn and have no one to ticket. It's funny, but it's a governance problem—who's liable when there's no driver? We argue for clear frameworks before edge cases become norms. And for sports fans, we dig into automated ball‑strike challenges moving toward the majors, weighing precision against the theater of human officiating, and drawing parallels to football's quiet shift away from chains to computer measurement.Along the way, Mike breaks down how modern marketing leans on cognitive biases more than secret microphones, and we wrap with a blind bourbon upset that proves labels fool palates as easily as hype fools markets. If you care about AI, privacy, gaming, autonomy, or the future of sports tech, this one's packed.If you enjoyed this, follow and subscribe, share it with a friend, and leave a quick review—what shift are you most ready for: fewer AI players, fewer ads, or fewer bad calls?Support the show

Sports Geek Rapid Rundown is a daily sports business podcast curated by Sports Geek Reads. We publish it on Sports Geek twice per week. In this episode: Today's episode covers the NBA's Australian expansion efforts and revolutionary AI analytics partnership, OpenAI's massive $500 billion valuation milestone, MLB's record-breaking viewership success, and concerning gambling industry practices around stolen funds - all curated by Sports Geek Reads. Subscribe at https://sportsgeekhq.com/rapidrundown

Cem Karsan joins Alan Dunne to chart a market running on more than just momentum. Beneath the surface: a structural liquidity engine, political incentives aligned with asset reflation, and a surge in non-correlated flows reshaping risk itself. As institutions scramble to catch up and volatility begins to rise with price, Cem draws on lessons from the late 90s to explain why the real story is not about valuation - but positioning. From AI's misunderstood impact to the growing role of options, gold, and crypto, this is a portrait of a regime defined not by fundamentals, but by reflex and constraint.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Alan on XEpisode TimeStamps: 00:23 - What has been on our radar recently?02:00 - Industry performance update03:07 - Are current valuations a sign of a bubble?12:13 - The importance of reflexivity18:59 - The move towards non correlation is upon us22:55 - What is driving up asset prices?26:34 - When will the supply/demand imbalance normalize?31:56 - Reaching an uncontrollable situation35:47 - What are markets showing us about options?39:38 - Precious metals is the place to be42:26 - Is AI actually the game changer that we all expect it to be?52:07 - Will better technology = better performance?56:03 - A timeline for possible

Police in Britain named Jihad al-Shamie, “a British citizen of Syrian descent”, as the suspected attacker in a car-ramming and stabbing at a synagogue in Manchester, an English city. Hosted on Acast. See acast.com/privacy for more information.

This week's blogpost - https://bahnsen.co/3VMFchP In this episode of 'Thoughts on Money Today,' Sean Latimer and Sean Ullrich discuss a recent article by Trevor and Blaine. They explore topics ranging from the Guinness Book of World Records to more serious financial concepts like abnormal returns, investing versus speculating, and the importance of a disciplined investment strategy. The hosts emphasize the significance of having a solid financial plan and understanding market cycles, especially as they relate to high-tech companies and the impact of AI. They also highlight the necessity of educating investors about realistic return expectations and the dangers of speculative investments. 00:00 Introduction and Welcome 00:41 Guinness World Records and Coin Flips 02:32 Understanding Abnormal Returns 03:04 Normal vs. Abnormal Returns 05:46 Investment Strategies: Speculation vs. Investment 06:28 Valuation and Market Cycles 08:22 Expectations and Realistic Returns 15:30 The Importance of a Solid Investment Plan 21:51 Closing Thoughts and Podcast Information Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com

Chris Wang previews potential new record highs at the market close in indices and gold. While the market seems to be shrugging off the government shutdown, he talks about the “shock and awe” tactics of the Trump administration and how this one could be different. Turning to AI, Chris discusses the staggering revenue targets OpenAI has set for itself and whether the sector is in a bubble.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

OpenAI's secondary share sales have pushed its valuation above $90 billion, edging past SpaceX, which now trades closer to $80 billion. This shift highlights the difference between AI's fast-scaling software revenue and the capital-heavy infrastructure of space launches. We break down how ChatGPT subscriptions, enterprise integrations, and Microsoft's backing helped OpenAI outpace SpaceX, and why investor appetite has moved from rockets to AI tools.https://wilwaldon.com

Stock market update for October 3, 2025. Follow us on Instagram ⁠⁠⁠⁠⁠⁠@therundowndaily⁠⁠⁠⁠⁠⁠This video is for informational purposes only and reflects the views of the host and guest, not Public Holdings or its subsidiaries. Mentions of assets are not recommendations. Investing involves risk, including loss. Past performance does not guarantee future results. For full disclosures, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Public.com/disclosures⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Plus: Samsung and SK Hynix strike an agreement with OpenAI for its Stargate project. And Tesla sales rise in the third quarter. Zoe Kuhlkin hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

On day two of the government shutdown, Carl Quintanilla, Courtney Reagan and Michael Santoli explored the S&P 500 and Nasdaq hitting new record highs. The tech sector surged to new all-time highs sparked by the AI trade -- in reaction to OpenAI's valuation jumping to $500 billion. Tesla shares in volatile trading after the EV maker posted record deliveries for the third quarter, while rival Rivian lowered its annual deliveries forecast. Also in focus: Government shutdown developments including the delay of jobless claims data  — and what Treasury Secretary Scott Bessent told CNBC about the potential impact of the shutdown on GDP, Berkshire Hathaway agrees to acquire Occidental Petroleum's chemicals unit for $9.7 billion in cash.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, the Hivemind team discusses their current market outlook as crypto starts to recover after a large leverage flush last week. We deep dive into why are SOL DAT volumes so low, the Plasma token launch, Tether's $500B valuation, the perp DEX wars & more. Enjoy! -- Follow Ceteris: ⁠https://x.com/ceterispar1bus⁠ Follow Duncan: https://x.com/FloodCapital Follow Yan: ⁠https://x.com/YanLiberman⁠ Follow Jose: ⁠https://x.com/ZeMariaMacedo⁠ Follow Empire: ⁠https://x.com/theempirepod⁠ -- Subscribe on YouTube: ⁠https://bit.ly/4jYEkBx⁠ Subscribe on Apple: ⁠https://bit.ly/3ECSmJ3⁠ Subscribe on Spotify: ⁠https://bit.ly/4hzy9lH⁠ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: ⁠https://blockworks.co/newsletter/⁠ -- Timestamps: (00:00) Introduction (01:25) State Of The Market (07:42) Why Are SOL DAT Volumes So Low? (12:24) Tether Raising $20B At A $500B Valuation (19:46) Stablecoin Chains (24:42) Flying Tulip's $200m Seed Round (28:20) What Is DoubleZero? (36:46) The Perp DEX Wars (40:37) Hyperliquid (52:16) Tokenization -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, the Hivemind team, and our guests may hold positions in the companies, funds, or projects discussed.

The government shutdown has silenced the Bureau of Labor Statistics, leaving investors without the monthly jobs report. But does Wall Street really need the BLS to keep moving? Lance Roberts & Michael Lebowitz explore what happens when government labor data goes missing, how traders adapt, and what alternative indicators might offer clues about the state of the economy. Lance and Mike also examine valuation metrics in the markets, and discuss claims that interest rates are still too high. Can the "AI Effect" sustaining markets and the economy continue into 2026? 0:19 - What the Economic Surprise Index is Saying 4:29 - Markets Hit All-time High. Again. 9:30 - When P/E Ratios are Elevated 12:25 - 1999 Valuations vs Now 13:52 - Is the AI Excitement Worth It? 17:47 - The Risk of Disappointment 21:57 - Government Shutdown Ramifications 24:03 - BLS vs ADP 27:31 - What JOLTS & IRS Data is Telling Us 33:44 - Stephen Miran - Are Rates Too High? 35:38 - The Fallacy of CPI 37:37 - Immigration Impact on Economic Growth 39:00 - The Natural Rate of Interest 41:26 - The Taylor Rule Explained 45:17 - Will AI Spending Be Able to Continue into 2026? 46:58 - The Resilience of the Market

In this episode of the Revenue Builders Podcast, our hosts John Kaplan and John McMahon are joined by Steve Garraty, a tech sales leader and author who shares his inspiring journey from a troubled teen diagnosed with cancer to a successful career in sales leadership. Steve delves into his incredible story of resilience, how he overcame a devastating cancer diagnosis at 18, and how this battle shaped his personal and professional life. Highlighting key themes of gratitude, empathy, and the power of positive thinking, Steve discusses the impact of cancer on his leadership style and offers valuable advice for those facing personal challenges. The conversation also touches on the importance of relationships and knowing one's story. Steve's newly released book, Greatfruit, captures these life-changing experiences and provides further insights into his journey.ADDITIONAL RESOURCESConnect with Steve Garraty: https://www.linkedin.com/in/stevegarratyGet Greatfruit at Barnes & Noble: https://www.barnesandnoble.com/w/greatfruit-steve-garraty/1147081359 Get Greatfruit on Amazon: https://a.co/d/2sWFNEwExplore Force Management's Free SKO Planning Resources: https://hubs.li/Q03K94cs0Read the Guide on Six Critical Priorities for Revenue Leadership in 2026: https://hubs.li/Q03JN74V0Watch Force Management's Panel Discussion on Growth, Valuation and Execution: https://bit.ly/4p6kyGSEnjoying the podcast? Sign up to receive new episodes straight to your inbox: https://hubs.li/Q02R10xN0HERE ARE SOME KEY SECTIONS TO CHECK OUT[00:01:13] Steve's Early Life and Cancer Diagnosis[00:01:39] The Battle with Cancer[00:02:02] Life After Cancer: Career and Family[00:03:04] Writing 'Great Fruit' and Reconnecting with John[00:08:08] Steve's Journey Through Chemotherapy[00:10:21] The Mental and Physical Toll of Cancer Treatment[00:22:08] Finding Blessings Amidst Tragedy[00:26:33] The Importance of Relationships and Leadership[00:34:49] The Brutal Interview Process[00:36:02] Revealing the Cancer Story[00:39:17] Writing the Book: A 37-Year Journey[00:46:58] Mindset and Health: The Power of Positive Thinking[00:54:19] Impact on Sales Career and Leadership[00:57:39] Advice for Overcoming Personal ChallengesHIGHLIGHT QUOTES[00:01:48] “He went from victim to Victor, from asking ‘Why me?' to ‘Why not me?'”[00:21:32] “Blessings can be found amidst the tragedies.”[00:25:11] “Every day is a gift.”[00:26:20] “You never know what people are going through—everybody's got a story.”[00:27:51] “The greatest sign of leadership is when your people don't need you anymore.”[01:00:48] “If you're going through something tough, the worst thing you can do is isolate.”[01:01:14] “Just show up. You don't have to say anything.”[00:27:09] “I want to help people achieve success—not for me, but for them.”[00:25:36] “Perspective is what turns adversity into a blessing.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The government shutdown has silenced the Bureau of Labor Statistics, leaving investors without the monthly jobs report. But does Wall Street really need the BLS to keep moving? Lance Roberts & Michael Lebowitz explore what happens when government labor data goes missing, how traders adapt, and what alternative indicators might offer clues about the state of the economy. Lance and Mike also examine valuation metrics in the markets, and discuss claims that interest rates are still too high. Can the "AI Effect" sustaining markets and the economy continue into 2026? 0:19 - What the Economic Surprise Index is Saying 4:29 - Markets Hit All-time High. Again. 9:30 - When P/E Ratios are Elevated 12:25 - 1999 Valuations vs Now 13:52 - Is the AI Excitement Worth It? 17:47 - The Risk of Disappointment 21:57 - Government Shutdown Ramifications 24:03 - BLS vs ADP 27:31 - What JOLTS & IRS Data is Telling Us 33:44 - Stephen Miran - Are Rates Too High? 35:38 - The Fallacy of CPI 37:37 - Immigration Impact on Economic Growth 39:00 - The Natural Rate of Interest 41:26 - The Taylor Rule Explained 45:17 - Will AI Spending Be Able to Continue into 2026? 46:58 - The Resilience of the Market

Scott and Eben are joined by Sportico valuations expert Kurt Badenhausen to talk about the NHL's rise, labor peace, new media deals, international opportunities and the marketability of the NHL's biggest stars. 1:10 – NHL vs. MLB and text message 5:06 – Let's talk Florida Panthers 9:15 – Local media disruption 12:35 – International opportunities 16:30 – Hockey culture shies away from marketing 19:30 – Who is the third most recognizable NHL player??? 27:49 –Quick talk about Arizona. Then, will the NHL return there?? Learn more about your ad choices. Visit megaphone.fm/adchoices

 This is Zack Fuss. Today, we are breaking down Exor. The origins of Exor date back to the end of the 19th century when Giovanni Agnelli founded the Auto Company Fiat. Over the company's 100-year-old history, a lot has changed. While some of the core assets remain the same today, Exor serves as an investment holding company. Its largest and most notable assets include Ferrari, CNH, Stellantis, Philips, and a number of other notable household-name companies.  I am joined by Krishna Mohanraj, a portfolio manager of the International Strategy at Diamond Hill. Today, Exor is led by John Elkann, the grandson of the late Giovanni Agnelli. Elkan was named heir of his grandfather at the age of 21, and has fostered and reshaped the business to what it is today. Please enjoy this Breakdown of Exor. For the full show notes, transcript, and links to the best content to learn more, check out the episode page⁠ here.⁠ —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit⁠ joincolossus.com/episodes⁠. Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠). Show Notes (00:00:00) Welcome to Business Breakdowns (00:03:29) The Fascinating History of Fiat (00:05:16) Leadership Through the Ages (00:07:29) Simplifying the Family's Assets (00:09:31) Current Holdings and Investments (00:11:13) John Elkan's Influence and Strategy (00:12:39) The Role of Sergio Marchionne (00:14:09) The Evolution of Exor's Portfolio (00:17:08) Key Listed Investments (00:23:29) Valuation and NAV Discount (00:27:44) Capital Allocation and Governance (00:28:48) Investment Approach and Financial Discipline (00:32:37) Exploring the Private Portfolio (00:36:25) The Partnery Transaction Case Study (00:39:03) Future Prospects and Strategic Sectors (00:46:21) Lessons from Following Exor

When a private equity firm buys your business, what happens if they don't want to sell it before their fund ends? This episode dives into continuation vehicles, a tool firms can use to extend their ownership of your company. We'll explore how firms might use this vehicle and how it could affect your post-sale life and earnout. View the complete show notes for this episode. Want To Learn More? M&A Guide | The 4 Types of Buyers of Businesses What Returns Do Private Equity Firms Really Generate? Deal Killers and Deal Makers: A Private Equity Perspective Additional Resources: Selling your business? Schedule a free consultation today. Sign up for an Assessment and Valuation of Your Business. Courses: The Art & Science of Selling a Business Download The Art of The Exit: The Complete Guide to Selling Your Business Download Acquired: The Art of Selling a Business With $10 Million to $100 Million in Revenue If you have any topic or guest suggestions, please email them to podcast@morganandwestfield.com.

How can HR drive profit instead of just managing processes? In this milestone episode (#300!) of Behind The Numbers With Dave Bookbinder, we explore how HR can become a strategic profit center rather than a cost center. Guest: Scott Rosen, CEO of the Rosen Group and author of Transforming Your HR Department into a Profit Center What you'll learn in this episode: Why CEOs must lead people and set the tone for culture Scott's six-step framework for transforming HR into a profit center How to approach strategic talent acquisition and employee engagement Ways to reduce turnover and its hidden costs The KPIs every organization should use to measure HR's impact Actionable next steps you can apply right now: Conduct an HR audit to uncover gaps and opportunities Train and reinforce expected behaviors across the organization Invest in HR capabilities that directly support business outcomes Scott also shares where you can find his book and resources to begin transforming HR in your organization. Subscribe to Behind The Numbers With Dave Bookbinder on your favorite podcast platform so you never miss an episode. If you enjoyed this conversation, please share it with your network and leave a review—it helps more business owners and advisors discover the show!   About Our Guest: Scott Rosen is the Founder & President, managing the Rosen Group since 1995. The Rosen Group has grown over the years into a leading staffing firm which specializes in HR. Scott's responsibilities include management, and oversight of sales, marketing, recruiting, finance and operations. Prior to starting his own company, Scott spent 20 years in corporate America. The first half of that time was in operations management with Prudential and Cigna and the second half of that time was in HR Management as a generalist with Reliance Insurance Company, Travelers Mortgage and GE Capital. Scott earned his Bachelor of Science in Business from Rider University.  www.rosengroup.com About the Host: Dave Bookbinder is known as an expert in business valuation and he is the person that business owners and entrepreneurs reach out to when they need to know what their most important assets are worth. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.    Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.    He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.”   Dave's book, A Valuation Toolbox for Business Owners and Their Advisors: Things Every Business Owner Should Know, was recognized as a top new release in Business and Valuation and is designed to provide practical insights and tools to help understand what really drives business value, how to prepare for an exit, and just make better decisions. He's also the host of the highly rated Behind The Numbers With Dave Bookbinder business podcast which is enjoyed in more than 100 countries.  

In this Pulse of the Practice conversation, Paul Miller unpacks why the best “tax planning season” is all year long—not just Q4. With many firm initiatives already targeting 2026, Paul shares how leading firms translate today's client conversations into concrete capacity, revenue, and staffing plans for the next 12–24 months.Key takeaways:Listen for life‑event signals. Clients rarely say “I need an exit plan.” They hint at transitions—succession, burnout, relocation, health, or market shifts. Train your team to hear those cues and start planning early.Valuation isn't a finish line; it's a starting point. Regularly benchmark the business so owners can align pricing, client mix, and structure with their eventual exit timeline.Make planning continuous. Replace last‑minute Q4 models with a cadence of mini‑check‑ins that combine numbers with narrative: goals for the next 1–5 years, risk tolerance, and capacity constraints—both client and firm‑side.Charge for strategy with confidence. Longstanding relationships don't make advisory “free.” Clarify scope, package outcomes (e.g., exit readiness, tax savings roadmap, sale prep), and communicate the value long before a transaction looms.Redesign roles for impact. Shift staff from “cranking numbers” to managing relationships and discovery. The result: better insights, earlier interventions, and more profitable engagements.Think 2026 now. If 75% of your big projects already point to 2026, formalize forecasts, staffing plans, and pricing updates today.Whether your clients are five years from a sale or just exploring growth options, this episode shows how to move from reactive calculations to proactive advisory—without awkward money talks.Timestamps00:00 Intro and why planning sneaks up on firms03:55 Why 2026 planning starts today06:45 Spotting exit triggers in normal conversations11:15 Numbers vs. life events: bringing both into planning16:15 Pricing advisory in long‑term relationships20:25 When to discuss valuation (and how often)24:20 Turning staff into relationship managersKeywords (primary/secondary/long‑tail) Primary: year‑round tax planning, advisory services for accounting firms, business valuation, exit planning, 2026 firm planning Secondary: CPA firm capacity planning, client discovery, pricing advisory, scope management, relationship management, revenue projections Long‑tail: how to price advisory for long‑term clients, signs a business is ready to sell, continuous tax planning vs Q4, training staff for client advisory, building a 2026 capacity plan

Today's show:What is “workslop”? And is it already slowing you down at the office?On a new This Week in Startups, we've got full co-host quorum with JCal, Alex, AND Lon tackling a meaty docket of news at the cross-section of tech, startups, and pop culture.For starters: A new Harvard/Stanford study suggests that AI isn't massively improving workplace efficiency because SOME workers aren't using it properly. Are low-quality, lazily-assembled AI outputs costing US enterprises millions in lost productivity? It's certainly possible based on these results.PLUS, why YouTube invited back all those banned creators… a deep-dive into CA's new social media law that's dividing tech and civil rights advocacy groups… what we can learn from Stripe's mega-share buyback… a look at what Polymarket's sharps think will happen with the US TikTok deal… and much more.Timestamps:(0:00) Intro. What will South Park have to say about prediction markets?(06:06) Alibaba's new AI model will turn you into any celebrity… can you still believe what you see?(09:49) Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist(11:03) Show Continues…(19:42) AWS Activate - AWS Activate helps startups bring their ideas to life. Apply to AWS Activate today to learn more. Visit https://www.aws.amazon.com/startups/credits(21:02) Is CA's new proposed law a boon for civil rights, or a weapon against free speech?(29:47) Northwest Registered Agent - Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!(32:21) Why YouTube invited banned creators back(41:24) What is Workslop? And is it costing companies MILLIONS?(48:42) PolyMarket asks… when will the US TikTok deal go down?(52:27) Would Jason invest in Tether?(01:01:29) Why Stripe is buying back so many shares… and what the future may hold.(01:12:16) Another Reddit Rapid Response: should startups do pilot programs?Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.comCheck out the TWIST500: https://www.twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcpFollow Lon:X: https://x.com/lonsFollow Alex:X: https://x.com/alexLinkedIn: ⁠https://www.linkedin.com/in/alexwilhelmFollow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanisThank you to our partners:Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twistAWS Activate - AWS Activate helps startups bring their ideas to life. Apply to AWS Activate today to learn more. Visit https://www.aws.amazon.com/startups/creditsNorthwest Registered Agent - Form your entire business identity in just 10 clicks and 10 minutes. Get more privacy, more options, and more done—visit https://www.northwestregisteredagent.com/twist today!Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarlandCheck out Jason's suite of newsletters: https://substack.com/@calacanisFollow TWiST:Twitter: https://twitter.com/TWiStartupsYouTube: https://www.youtube.com/thisweekinInstagram: https://www.instagram.com/thisweekinstartupsTikTok: https://www.tiktok.com/@thisweekinstartupsSubstack: https://twistartups.substack.comSubscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916

Tether is reportedly courting outside investors for the first time—at a staggering $500 billion valuation. In today's Breakdown, NLW digs into Bloomberg's report on Tether's $15–20 billion fundraise, why Cantor Fitzgerald is leading the deal, and what this unprecedented move could mean for crypto, stablecoins, and global finance. Plus, updates on CZ's venture fund and new SEC and CFTC regulatory initiatives. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Is AI a bubble? In this episode, I unpack a new five-gauge framework for understanding the biggest question in tech. Drawing on lessons from past manias – railways, telecoms, the dot-com boom – and grounding our analysis in fresh data, we examine economic strain, revenue growth, valuations, and the quality of capital fueling AI's ascent. This is our effort to cut through hype and fatalism to provide a clear dashboard: where today's AI build-out looks like a genuine boom, and where early warning signs of bubble dynamics may be emerging. Whether you're an investor, policymaker, or executive, this framework offers a disciplined way to navigate the noise.Jump to the best parts:(00:29) Echoes of the past (01:31) The 5 gauge framework (01:54) Gauge #1: Investment intensity(03:45) Gauge #2: Monetization level (04:48) Gauge #3: Revenue trajectory (06:23) Gauge #4: Valuation level(07:24) Gauge #5: Quality of capital (10:10) Overall assessmentProduced by EPIIPLUS1 and Supermix. Thanks to my team: Nathan Warren, Hannah Petrovic, Chantal Smith & Marija Gavrilov Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: NASA prepares to send astronauts around the moon as early as February. And tech stocks continue pulling back. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices