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In this session, I coached two women who were in very different places but wrestling with the same kind of emotional weight.One had left an abusive marriage and found herself in a new relationship with someone who shows up for her in all the ways she used to crave.And yet, the rage is still there. The grief is still there.The other is still in her marriage with a good man, but the spark is gone.She's trying to force herself to feel something that just isn't there anymore.What I shared with both of them is this: healing doesn't come from finally getting what you always wanted.It comes from doing the work to come home to yourself. That's the only place your power lives.Struggling to decide whether to stay or go in your marriage and you're serious about finding that answer? Book a Truth & Clarity Session with a member of my team. We'll discuss where you are in your marriage and explore if there's a fit for you and I to work together so you can make - and execute - the RIGHT decision for YOU and your marriage.
Here are the three big things to know this hour— Number One— The runaway leader in the polls to lead New York City is Zohran—he has a 19 point lead over the former Mayor—and it looks like a communist will soon take over—and when he does—that will be great for conservatives— Number Two— Zelenskyy is not on the guest list for the upcoming Alaskan Summit between President Trump and Vladimir Putin—and he is throwing an absolute fit over the snub— Number Three— Today marks the start of something special I'm going to call “Gruber's Most Wanted” A comprehensive case against some of the worst of the worst in D.C. – the career criminals – politicians who have done this nation dirty, ignored the folks, lined their pockets and screwed the nation—they are the ones that need to pay the piper –
This week, as Magda and Lindsay talk all about the book relationships they weren't ready to end…so instead, they're adding on their own theories on what happens after the last page. Listen in as they offer their thoughts on how their favorite characters are doing. Email us! Literally Books Website Literally Books Instagram Magda's Instagram Lindsay's Instagram Literally Books YouTube Literally Books TikTok Books mentioned in the episode: “The Hunger Games“ by Suzanne Collins “The Orc at the Office“ by Kate Prior “The Irresistible Urge to Fall for Your Enemy“ by Brigitte Knightley “Girl on Girl“ by Sophie Gilbert “Bridgerton“ by Julia Quinn “Bel Canto“ by Ann Patchett “Great Big Beautiful Life“ by Emily Henry “Margo's Got Money Troubles“ by Rufi Thorpe “Tomorrow and Tomorrow and Tomorrow“ by Gabrielle Zevin “Demon Copperhead“b y Barbara Kingsolver “Project Hail Mary“ by Andy Weir “Foundation“ by Isaac Asimov Intro & Outro Song: "Would it Kill You," courtesy of The Solder Thread
Twenty-six high-ranking drug cartel figures who were in Mexico, are now in the United States. AP correspondent Donna Warder reports.
Hey Everyone! Wanted to post a little update here. We're not going to be releasing an episode this week, but we'll try to have one out to you next week. Andy is recovering from surgery (everything went great), but he needs to heal up! Thanks for understanding!
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Welcome back to another episode of Creator Science. This is part two of our July edition of Ask Creator Science. I asked for your questions about your business or mine on all of our different social platforms. Here in part two, we're going to answer all of the LinkedIn questions. We had several dozen, so I'm going to get through as many as I possibly can. They are insightful, they're quirky, they're into the nitty gritty, and I'm excited to share all of those answers with you. Full transcript and show notes #267: When to use low-ticket offers, refund policies, how much I earned in the last 12 months, and my 5-year vision [Ask CS Pt. 1] *** TIMESTAMPS 00:00 Optimizing LinkedIn Posts for Success 08:58 From Freelance to Productization 15:23 Evolving from Content to Business 19:52 Identify and Build Signature Product 23:54 Reflective Business Planning Insights 30:47 Content Investment Strategy Concerns 36:17 Boosting Podcast Retention with Titles 40:34 AI's Impact on Creative Process 44:28 Reluctance to Clone for Chat 50:28 Creating Niche Interest Communities 56:55 Exploring Solo Content for Growth 01:02:31 AI-Proofing: Prioritize Exclusivity and Community 01:06:07 Balancing Work, Exercise, and Social Media *** RECOMMENDED NEXT EPISODE → #267: When to use low-ticket offers, refund policies, how much I earned in the last 12 months, and my 5-year vision [Ask CS Pt. 1] → #260: Detailed Breakdown: Our First Offline Event (And What We'll Do Differently Next Time) → #192: I coached Ali Abdaal on building a membership. → #188: Richard van der Blom – How the man behind the LinkedIn Algorithm Report uses LinkedIn. *** ASK CREATOR SCIENCE → Submit your question here *** WHEN YOU'RE READY
Title: How Survive When Real Estate Deals Fail with Ruben Kanya Summary: In this conversation, Seth Bradley, a securities attorney and real estate investor, discusses the complexities of capital raising, the importance of experimentation in finding one's niche, and the critical role of networking and trust in the investment landscape. He shares insights from his journey in real estate and tech, emphasizing the need for grit and public speaking skills to succeed in capital raising. The discussion also highlights the challenges of the first capital raise and the lessons learned along the way. In this conversation, the speakers delve into the multifaceted benefits of hosting a podcast, emphasizing the importance of listening and connection. They explore the intricacies of capital raising in real estate, discussing the significance of grit, networking, and leveraging other people's money. The dialogue also covers compliance with securities laws, compensation structures in syndication, and the emerging trend of fund to fund structures. Tribevest is introduced as a solution for simplifying fund management and ensuring compliance in capital raising efforts. Links to listen and subscribe: https://podcasts.apple.com/ph/podcast/raising-capital-the-right-way-compliance-funds-and/id1341895972?i=1000688593916 Links to watch and subscribe: https://www.youtube.com/watch?v=UyF9Z72m2R0 Bullet Point Highlights: You need a license to raise capital legally. Experimenting with different models helps identify what works for you. Building authority and trust is essential in capital raising. Networking with high net worth individuals is crucial. The first capital raise is often the hardest. Grit and determination are key to success in entrepreneurship. Public speaking skills can enhance your ability to communicate effectively. Learning from clients can provide valuable insights for your own journey. You can leverage your existing skills to add value in capital raises. Building a strong network can facilitate easier capital raising. Having a podcast enhances listening skills and fosters connections. Capital raising requires grit, a strong network, and resources. Leveraging other people's money accelerates business growth. Compliance with securities laws is crucial in capital raising. Compensation structures in syndication vary based on deal size and type. Fund to fund structures are becoming more prevalent in real estate. Effective communication is key to successful networking. Tribevest simplifies the process of raising capital compliantly. Understanding the legalities of capital raising is essential for success. Building a community can expedite personal and professional growth. Transcript: Ruben Kanya (00:00.142) whole idea here is you're actually not allowed to raise capital without a license. So just like being a doctor or a dentist or an attorney, you have to have a license to be able to raise capital and it's called a broker dealer or potentially an RIA, registered investment advisor. So if you're not one of those people, if you don't have a license, you need to have an exemption from having that license. if it's your, this is speaking in generalities, but if it's your own deal, if it's your own fund, If it's your own syndication, if you're the one buying the property, that's an exemption. You're exempted. You can raise capital for your own deal and that's okay. And that's kind of the co-GP concept that we talk about sometimes. I actually don't like to say co-GP because to me it's a fallacy. There's no such thing as a co-GP. You're either a GP and an active partner. Who's this? you're an entrepreneur? you're a real estate investor? you're trying to learn from those who did it? Well, come into the lab then. Put your white coat on, gloves on, notepad, and let's go, Joe. Experiment nation this episode was a really fun one with Seth Bradley who is a fun manager Invest in entrepreneurs. He's an attorney he as a startup founders of software as a service and Really what I loved about What he's built is Everything that he's built, it's vertically integrated, which I love, but he really embodies the principles of experimenting. Right. And what I mean by that is he has tried multiple models in real estate, which allowed him to get exposure, which I think is really important when I talk about having a well-rounded experiment in your lab, LabAK being your life, so that you can at least identify (Seth Bradley) (02:10.529) what you like, what you don't like, what gives you return on energy, what drains you. I think those are all important things for us to then be able to niche down. A lot of times we talk about niching down, but we haven't even gotten a taste of what's on the menu to even understand what it is that we want to niche down in. And so part of what I created here at Experimentation in the lab is to bring you folks who can present the menu of the different options that there is in not only real estate, but in business and even career to then give you that exposure so that you can then get a taste even from this show and then implement it yourself and maybe try one or two or three experiments or four or five. How many it takes for you to feel like this is the thing. This is the thing that I'm going to hold on to and grasp to and go all in on. Right. And that's what we did. And keep in mind that life has seasons. A lot of us can do something and it could be four seasons. Your season could be five years, 10 years, 15, but I do believe in the compound effect. his journey, Seth's journey, he was able to get his first duplex, then quads, then small multifamilies and big multifamily units. And the next thing you know, he's doing $120 million a deal just in 2022 alone, right? In one year. But with that, one thing I wanted to highlight, so one thing is the experiment, different exposures, AKA building blocks towards the very thing that he's doing now. But the other thing is being able to get a free, or I should say, get a paid internship. And that's through servicing your clients, learning from them, and then taking a page from their book. He was an attorney that was putting down together his SEC deals of syndications, capital raising, and then he learned from his clients because he had full transparency. Sometimes, often we're in a position where the proof of concept is right in front of us, but we don't grab it by the horns. We just see it for what it is, just clocking and clocking out. No matter what job you have, there's an opportunity for you to actually take lessons, systems, SOPs, structure, any skillset to take it to the next level for your own endeavors. (Seth Bradley) (04:38.252) And what I mean by that is I was a realtor and I was a realtor for the investor. understood how investors, underwrote their deals. And that was my win for me to hone my craft in real estate, underwriting deals, pulling comps, walking properties, understanding value at all. That was when I was the realtor for the investor. You can still look it up on bigger pockets. You can still see my page. That's what I was doing. I was helping investors invest until I then became an investor myself. And in this case, he was an ICC attorney providing these, you know, going through the process of doing syndications, fund to fund, et cetera. And then he learned and he said, not only do I have a practice that does it, but I can also be on the other side of that transaction. So don't you ever forget the importance of being on the other side of the transaction in whatever service that you offer, even if it's just call it. You work in hospitality at a restaurant to make ends meet. There's a system, there's a SOP, there's a checklist. There's something in there that is a proof of concept that you can then take and implement somewhere in your business. And the universe will tell you its secrets if you listen. The clues are all around us. Last but not least, I love our conversation around being an authority, building a brand. Essentially, that's what capital raising is and he talked about three pillars. I don't want to talk about he said money Right is one heart of the center trust in your network, right? Your network is you gotta have a big network He talks about having a platform like this where I think everybody should have a podcast because you get the interview you get to learn the skills of communication listening, etc but most importantly you foster relationship while on the air and then It builds trust to whoever's listening. I'm sure that if you're listening right now and you and I wanted to go into a deal together, there's some form of trust. If this is not your, your first episode. So there's that, right? We talked about having a meetup, restarting our meetups. That's key. Connecting people, they trust in you. Being an authoritative figure, trust. They can't flow you if they don't know you. So stop being cute and stop hiding and put yourself out there. Right? Money. Money follows all of the above network and trust. (Seth Bradley) (07:00.408) people who have money in your network will make it easier than those who are in your network who are broke. So surround yourself with people who have money, not just because they have money, but of course it can help you tremendously if you're trying to raise capital. And there's something that goes about saying with people who have money, it's not that they're better or anything, but there is a level of opulence and abundance. And I think there should be a good balance. But certainly if you're trying to raise money with people who don't have money and you're in a circle, people don't know how many doesn't mean to say that you can't uplift them when you have an opportunity, but it's going to be hard to raise capital from people who don't have capital. Right. So that's one thing to keep in mind. Money trust network and being an authority. You can build an authority from home in the lab, in a studio, in person. And you don't always have to be an expert in something else. Sometimes you can actually have authority within your own circle. If you're a dentist and you're trying to raise capital with other dentists, they trust you. You have authority maybe in your current marketplace, you're a manager of some kind or you're a lead or you're just someone that people really trust. You have that authority. You have trust already with like-minded people in your circle. So this was a great one. He brought a lot of core values home. And that's what I love about the show. It's every time you listen or anytime you interview someone who's had done some amazing leaps and experiments in their own lab, there's always some consistent clues that kind of bring to the surface and maybe it just, I'm aware of them, but if not, my goal is to extract that and make them aware for you. So I trust that you're going to get a lot from this episode without further ado, Seth Bradley in the lab, y'all. Experimentation, what's going on? Your host Ruben here. Today I have the pleasure of connecting with a gentleman that we connected with, had some mutual connections. And I was like, I didn't want to let the serendipity go to waste because I saw there was a mutual beneficial component to the lab, as I always say. And I always think you're as good as your tools, you're as good as your resources. And so I'm really happy to have the gentleman here step into the lab with us to give us insight. And I also love the (Seth Bradley) (09:21.39) I'll call it a vertical integration I think and maybe Seth will keep me honest here, but without further ado I want to welcome Seth Bradley. How's it my man? Welcome to the lab brother Going great, man. Ruben, really appreciate you having me on. Thanks for having me in the lab. Absolutely, man. I should so listen if I'm curious so Seth because you know, we we start to talk a little bit and I was a car We're getting to the weeds of things. I want to make sure I hit this record button, but I'm just a curious guy and I'm so curious that if I'm at a real estate conference and you and I sit next to each other and I say hey I'm Ruben Seth. Nice to meet you. You know, what do you do for a living? What do you lead with because you have a very interesting background? So I want to we're gonna reverse engineer, but I'm so curious as to at the time that we're recording this, what do you lead with if you don't know what my interests are, you don't know where I'm coming from, I could be an investor, I could be interested in putting my money to work, what do you lead with? I'm just so curious. I love that question, man, because sometimes I have a hard time answering it. It's an easy question to answer for most people, but for me, I have to think about it for a second. But typically I'll lead with I'm a securities attorney, specifically a real estate securities attorney. So if you're raising capital for real estate from passive investors, I'm your guy. can help you put together your fund or your syndication compliantly and secondarily, or, you know, one B I'll call it a tech founder. So involved in a few tech startups as well. (Seth Bradley) (10:48.238) That's awesome. Then that opens up the window because I see her tech founder and then I securities attorney. Is that that accurate? Yep, nailed it. securities attorney. would you do you happen to do you still do I mean, of course, you've been involved in raising capital yourself, which is what I want to lead with next. But are you actively investing? And if you are, what is the model? Is it more investing in the startup? Or is it more investing in actual capitals? I should say social capital relationships, or even you know what, maybe it's some form of real estate, what is your current I guess, investing season for lack of better words. Yeah, it's all across the board, man. mean, everything that you mentioned, I mean, just quickly, I started in real estate in 2013. House hacked into a duplex did kind of the bigger pockets podcast. Listen to that. Red Rich Dad, Poor Dad, you know, the typical journey you take and house hacked into a duplex and started buying bigger and bigger properties got to the point where, you know, I wanted to get into syndications and funds and start raising capital. So I started actually investing passively into real estate first and I got my feet wet. Ruben Kanya (12:01.55) figured out what that investor journey looked like. And then I started raising capital myself from my own syndications where potentially I could be just a capital partner or also an operator. So I raised a good amount of capital from 2019 to 2023, I would say, before the interest rates started to spike. And then we slowed down a bit, but we still own a good amount of that real estate and just put it in perspective. We bought about $120 million with the real estate in 2022 alone. And now I'm kind of involved with a handful of tech startups where I'm also in that same capacity where I'm raising capital or helping the CEO raise capital for seed rounds for these startups. Okay, very interesting. So I'm glad let's go to the very beginning because you talked about bigger pockets with shout out to bigger pockets, right? Because that's or did you say bigger pockets? I did hear you say that. Okay, cool. had a mutual kind of, know, I was planning my seeds. I think that they did an amazing job, of course, like minded investors together. 2013 get a duplex. I'm sure one thing I'm curious about and you know, someone else might be listening is, you know, what point now every everyone's situation is different with that said, but at what point did you start to think, okay, it's time to bring in some outside capital and, I'm going to lead with you. It seems that you strike me as a guy who does things strategically. enlighten me a little bit as to get the duplex. Was there another lever that was pulled to get the next property before you start to raise capital? Or is that right away, right into, okay, now it's time to raise capital. Cause duplex going to take me so far. Tell me about that journey. Ruben Kanya (13:43.732) No, I mean, that journey was, you know, a lot of different types of things. mean, I've wholesaled, I've fixed and flipped single family properties. We were doing that in Cleveland for a while. Then we kind of moved on to multifamily, you know, smaller multifamilies up to four units, which is still residential, but then up to, you know, like 16 units, those sorts of things. Then we started getting to where, you know, capital starts getting constrained, your own capital, or if you're doing like a JV, starts getting constrained. But I was fortunate enough that my legal practice, which also started in 2013, was highly related to what I was doing. So as a real estate attorney, my real estate clients were raising capital for their real estate deals. So then I got into securities law. So I saw how they were raising capital. Then I started helping them raise capital from the legal side. And then I started raising, and then I realized that, hey, if we want to go bigger, I've got to be more like my clients who are buying, you know, 50, $100 million properties. How do we do that? Well, like they do it. They need to raise capital from either passive investors or from, larger investors like family offices and places like that. So I knew that that was the pathway. So I was fortunate enough to kind of have that perspective shown to me by my clients and they kind of showed me the blueprint. Hey, this is how you need to do it. Now, a lot of other attorneys see that same blueprint and they don't really have that entrepreneurial mindset. So they're kind of just like that service oriented, Hey, let's do what I'm doing. And I'm just going to help. But I have an entrepreneurial mindset. I I'm like, I want to do that. I want to buy that property. I want to run that business. I want to scale it. like anything else, though, I still had a little bit of reservation, I would say. So I decided to invest passively first just to get my feet wet, just to see what that investor experience was like. And then once I did that a few times, I really got into the active side and dove right in. Oh man, I love so many elements of that. Let's unpack the experiment phase, right? Because that's what I truly believe in. I'm curious to what your thoughts are on this, right? Before I even preface by saying this, I think, and this is just a thought, could be wrong. I'm experimenting life as it is. But when you ask someone, hey, what do you want to do for a living? Right? It's like, well, I don't know. I haven't been exposed to enough. (Seth Bradley) (16:03.116) Right. But then when you start experimenting with a lot of different things, then you can niche down because you've been exposed to like this that I don't like, et cetera. And there's a second leg to that, but I want to touch on that for a second because you said you did wholesale fixing flips, then you need small multifamily. What do you think you were able to gain from that? My personally, when I see that, I see, well, you were able you were able to get insight, but Again, maybe you see things differently. Maybe it's like you needed to do those things and you thought it was true. And then you were led down one path and led to another. What do you take from that? Were you experimenting or was it more or less of the natural progression of events and what you thought was going to be your end all be all ended up progressing into a new ideal. Tell me about that experience. Yeah, I mean, I think it was an experiment. It was me trying. I knew I wanted to be in real estate. I love real estate. I've always been drawn to it. It's just been an interesting thing for me and interesting subject. I remember when I was in undergrad and I couldn't afford to buy any kind of real estate or didn't have a job at all. And I was trying to figure out, well, man, how can I buy like these townhouses that I'm living in and rent those out? Like, I remember just being interested from the get go. So I knew I wanted to be in it, but it was certainly an experiment to see. how to break into the market, how to scale a business. Because once you got into a duplex and your house hacked and bought a few other single family properties, it was like, okay, well, we can continue to do this, but I'm always looking again to scale. And to do that, a lot of times you do need to bring in other people's money to be able to fund that scale. But not always. mean, I think it would be a better pathway, honestly, if you can scale without other people's money, because then you can own 100 % of it. But a lot more difficult to do. So if you want to... you want to grow with scale fast, typically it's with other people's money. And again, luckily I was already in a profession that gave me that experience to be able to see that pathway and be able to execute on (Seth Bradley) (18:02.35) Now tell me that's a great insight or at least a transition point there, Seth, because we, know, in our professions, we spend a lot of time, but not a lot of folks spend the time to have the lens of an entrepreneur to say, hey, maybe I can actually take a page from their book. Right. Because I think it's interesting that it's we all are entrepreneurs. Right. So we go into business ourselves to run away from maybe possibly corporate. Some people. And then we build our own companies. We install systems, we invest in resources. And then it's like, we turn into the thing that we were maybe running away from, but there's a lesson that we get to build it our way and have maybe learned lessons from these big corporations. In your end, it reminds me a little bit of me because I again, certainly not an attorney by any means. And I won't compare being a realtor to an attorney, but you are servicing clients and you get to at least, at least get nuggets from their journey and then say, Hey, why don't, why don't I take a page from their book? Can you talk to us about that? Because I think honestly, it's an unkept almost secret and not even talked about enough where it's like, Hey, you're taking this opportunity right now to get to understand the playbook, see how they've done it, learn from their mistakes, right? Right. Through service and while getting paid. And then you're like, okay, now I'm going to do it for me. So Do you see it that way as well? was it kind of, know, or did you strategically go into it thinking that you do that? Or it was kind of like, you know what? This is kind of cool. Let me try it myself. Yeah, I mean, and Ruben, hats off to you, man, because a lot of realtors and brokers, they're around real estate every single day. That is literally their business. They have access to deals before other people. They get to see things that other people don't get to see. They get to see the transactions. They get to see how they change hands. And as you know, most of them don't invest in real estate. like, you even own your own house? Do you own any investment properties in... Ruben Kanya (20:11.918) 90 % of them don't, right? Unless it's, well, maybe their own house, but that's probably it. They don't invest. And it's crazy to think about that when they're around that all the time. And it's the same thing with attorneys, right? Like, know, they're, whether there's somebody like me, there's real estate or securities, and they have clients that are, that are buying large properties and raising capital, or it's, you know, some other practice like and A where they're combining companies and building companies and things like that. I think that there's a certain entrepreneurial DNA that's in some of us and it's not in others. And that's okay. Like some people thrive in an office atmosphere or thrive in a W-2 type of atmosphere. And a lot of times I don't even like to disrupt that. Like people, you know, are comfortable there. They like the steady paycheck and that's okay. And I think the vast majority of people do want that and they do like that. They like the predictability of it. But some of us out there, like me and you, I believe are, you know, we just, We're not a fit for that. Like we need to build. I think that's the key is, is the build, right? Cause you were talking about, you know, we start putting all the systems and the processes and the things into place to ultimately end up in the, the same machine that we didn't want to work for. But I don't think that's the piece that's important. The piece is important is that that climb the build, we want to build like we were builders. love to build. Yeah. Have you ever had a conversation, with maybe your associates on? I don't know if this is a hypocritical question, because I don't know if I could answer this. But I'm curious, have you had a conversation with another attorney? Like, hey, you see this all the time. Have ever thought of doing it yourself? What's the mindset behind? Have you had that conversation? And have you had around those? Yeah, just curious. Yeah, I definitely, I definitely have. think, you know, at least specifically with the attorney industry or with that profession, we are, we're trained to look at risk. We're trained to evaluate liability. We are trained to be conservative in nature. and that is totally different than when you're an entrepreneur and you're out there building a business and you're, don't know what tomorrow is going to bring. And there's going to be a problem that pops up today that you didn't expect. Ruben Kanya (22:30.01) And you don't know if you're going to be able to pay payroll and all these different things that come up as an entrepreneur, as a business builder, that's totally a different mindset than it is that attorneys are trained for. So I think that's definitely a separation. like, you know, I have a lot of investors that are attorneys. That was, that's who my investor base is. Typically it's other attorneys. A lot of other capital raisers don't go after attorneys because they are paying the ass. We ask a lot of questions. Like I said, we are risk averse. Like, you know, we're not the ideal. person or people to raise from. I'm gonna predict my money isn't really the case. with a cold on the page. 137 second paragraph line four. What does that mean? Why is that? And, know, that's the kind of stuff you have to deal with. But, you know, they do make a good amount of money. So there's a, you know, there's a push, there's a give take there. But, you know, I think that that's, I have identified that with conversations with my investors and obviously my prior colleagues. I mean, that in itself is, is a big difference. It's a big difference. We're just as attorneys, we're just trained to find and look at risk and think about all the bad things that can happen. And man, when you're building a business, when you're growing out on your own and you say, I'm done with my W-2, I don't want that paycheck anymore. That's a lot of risk, right? Or at least it's a lot of risk to a person that thinks that way. I actually don't think that way. I think it's more risky to be have one income stream and be a W-2, but that's certainly not the way that they typically look at it. (Seth Bradley) (24:02.306) Yeah, no, it's interesting what you're saying. But I'm also curious though, that if they are also investing, because it sounds like you've also worked with some associates, or at least your investors have come from the same cloth, it sounds like they might be, instead of again, raising the capital like you are, high risk, high leverage, they're willing to put their money to work. Do you find that And I guess maybe that's it. Do you find that that kind of archetype is finding that to be of a less riskier approach versus flipping versus doing it themselves? Or do you find that it's more of time constraint thing? it's like, listen, I got the money. You mentioned it. I have a high net worth. I'm an accredited investor. Let me just do it with someone who's an expert. What have you seen since you've been on both sides, and especially as a fundraiser? Yeah, I think it's that investor profile. You know, these are folks that make a lot of money from their W-2. They have no time on their hands because their W-2 is so demanding. then any time they have outside of that, it's got to be spent with family. So they really just don't have any time, but they do have capital. So it's just that investor profile that you're dealing with with attorneys and some of the similar, you know, with doctors and dentists and engineers and people like that. Same thing. You know, they're highly paid professionals. You know, they went to school for a long time. They make a lot of money, but they don't have any time. And unless they really want to venture out and say, okay, I want to raise capital or, or, I don't know, you have to figure out a way to carve out more time because they certainly don't have it. I know when I worked in big law firms and I'm trying to bill 2000 hours a year, I don't have time to, you know, invest actively. In fact, I actually got fired from my big law job, my last one, because of that, because I'm raising capital and doing real estate deals. and starting businesses and guess what? You don't have time to do that if you're working at a demanding job, whether that's as an attorney or Dr. Dennis, whoever that might be. So I think it just comes down to that profile and do you have time? Do you have capital? And then whatever one you have a surplus of, that's probably where you're going to fit into the asset. So you can invest if you have capital and no time. Ruben Kanya (26:26.126) You need to find something a little bit more passive and that comes through like funds and syndications and things like that. All right. So that's very helpful and I think very interesting because you've seen both sides. You not only were on the other side, but you've also been the capital raiser and then you've also yourself invested passively. Tell me about the first deal that if you recall, at least the like kind deal when you raised capital, who did you go to? Did you start with your client base? Did you start with friends and family? And then maybe we can even get into the granularity. I know there's different non-accredited, accredited 506V versus 506C. There's a lot of different kind of foundational pillars. But talk to us about what your first deal was like, if you recall some of the numbers and what kind of asset type and then who you actually pulled in. So people can start thinking of actually what's possible when we talk about capital. you know, in fundraising, we think of it as this big thing, but people like you and me can actually start initiating these kinds of transactions. Talk to us about your first one. Yeah, man, I mean, don't remember the actual specifics, but it was like 100 because there's around 150 unit multifamily something like that was your first That was the first raise it was the first raise but I was brought I I wasn't the primary operating partner I brought in as a capital raiser that sort of thing and also providing some legal services as well. Um, but I was (Seth Bradley) (27:48.078) That was your first race. (Seth Bradley) (28:01.422) Hold on. That's interesting. Now you kind of you're kind of double. Is that is that how you got your general partner essentially? Were you a general partner on that? Or were you tell us about that? Because from what I understand, you can correct me if I'm wrong here. You're the expert. You can bring in different subject matter expertise to the table to value your I guess your position and a capital raise. Maybe one is investor relations, one, et cetera. Did you from what I understand, bacon? some of your services and as a GP or is that, what did you? Yeah, for sure. Yeah. I was a general partner on that deal, baking in some of my legal services as well. Started leveraging my skillset that's super valuable. Obviously, it's applicable to these capital raises. I can help you raise capital and also be the securities attorney and also potentially the real estate attorney as well on the deal. So lots of different ways that I can get in there and provide value to the active partnership. But yeah, I I was tasked with raising, you know, half a million dollars. I didn't hit it. I hit way under. I think I might've raised like a couple hundred thousand dollars. And I was pretty happy that I even hit that because it's the first time. I'm, and I'll tell you what, man, like capital raising is hard. Like I think that, you know, you see all these masterminds out there and these coaching programs and things and they're teaching how to raise capital and some are great. And I'm actually in a couple of them. but they are, you know, they, have to sell you on that. easy, right? They have to sell you on, Hey, I'll give you the systems, the processes and boom, you're going to be able to raise a million dollars easily. It's not that easy. unless you already have a built in network of high net worth individuals, that's where you'll find success. Or maybe you have a platform like yours where you can access a lot of people that you already have a relationship with and you'll like, and trust you that love what you're doing. And they're like, man, if he's investing in this, it must be good. So that those people, like you, and then also people that are. Ruben Kanya (29:59.426) we tend to see a lot of doctors and dentists that are very successful right out of the gate. Cause guess what? They work with other doctors and dentists who already trust them, who have money, who already trust them. So they do great. and then others, like me are probably somewhere in the middle, right? We we've got a base of investors that are like attorneys, which seem like they'd be great because they have money, but guess what? They're a pain in the ass. So there's, there's a little bit of give take there. and then you have other folks who, you know, maybe they're a school teacher or something like that where their colleagues maybe don't have a ton of money to invest and they have to follow just like, you know, follow the processes, the systems and the marketing funnels and those things and rely really heavily on that. And typically it doesn't go that well. It doesn't on the first one. You've really got to be scrappy. Like you've got to get in there. You've got to literally make a list of a hundred people that you know, that might want to invest right. type it up, go systematically through that list, and you've gotta break out of your shell and not be afraid to just reach out to these people, no shame, get your pitch together and just do it. And it feels awkward and you don't wanna do it and you feel like a salesperson, but you've gotta do it. You've gotta break through those reservations and make it happen because that first raise is a bear. You've gotta just be. You've got to be scrappy and you've got to do whatever it takes and 10x whatever you think is going to take. Experiment nation, you've heard me talk about how multiple investors across the nation are landing these lucrative midterm rental insurance contracts by making these small tweaks on the branding and marketing side, especially if you're an existing short-term rental operator, there is a quick and easy shift that you can make with the ride guide in place. And because we've launched a two-day bootcamp, (Seth Bradley) (31:59.278) that not everyone could attend in real time, I've put together a recording where you can get all the materials and all the guides to focus on rebranding either your short term rental business or your current midterm rental business so that you can actually have the insurance companies reach out to you. And then day two is if you want to actually play offense, how you can reach out to them by listing on the right platforms, et cetera. If you're looking to get this MTR bootcamp so that you can start optimizing and you can start receiving these lucrative contracts that again, provide less headaches, less turnovers, unlike the Airbnb space, you can start receiving inquiries today by having the right guide in place. So please go to experimentrealestate.com for slash MTR bootcamp or click the link in the bio to make sure you get your hands on the and midterm rental insurance bootcamp to fast track your way into landing these lucrative insurance contracts the exact same ways multiple investors have taken advantage of this unknown and untapped niche within the midterm rental umbrella. Wow, so I'm a systems guy and as you're speaking, I'm taking notes here guys. I heard three key pillars and feel free to add to them because I wanna hear. kind of the downfall of some of what folks are coaching. I heard one is money, number two is trust, and number three is network. And I like how you highlighted those because I hear, well, if you have a network and you can get access and you have a large pool, then there's probably people who are gonna have money in there. Then if you have what I'm hearing is authority, trust, AKA I'm a doctor, you're a doctor, we speak the same language. And by the way, guess what? Third pillar, we all have money. So that's kind of like the sweet, sounds like that's the sweet spot. MTN money trust and network. What did I miss? Ruben Kanya (34:03.89) You nailed it, man. That's it. That's kind of the big level, the high level things that you need. I mean, you need that authority or you need to be able to show that you know what you're doing, that you know what you talk about and what you're talking about, that sort of thing. And then obviously that network, you either have to develop that through your W-2 that you already have or however it might be, or maybe you have a platform, right? Like maybe you have a platform like a podcast or an investor group. or an in-person meetup. We don't do those as much as we used to before COVID, but that used to be a huge thing. Like I were on a real estate meetup in San Diego County or something like that. And it goes, that used to go really, really well for people to be able to raise capital. So yeah, you gotta have that platform. Network. I know, right, Networking lunch. You should bring that back. There's something about because there's something about this, right? This is cool. Like, what a time to be alive where you and I can connect in the flesh. But I want to echo what you just said. Because I'm kind of speaking to myself as a reminder, Ruben, you got to get these meetups going again. We used to do a meetup in New York and Atlanta. And just the relationships that happen in the room and you're being the super connector is so powerful. I wouldn't get cute and just, you know, this is great that you and I can connect while you're in San Diego and I'm here in Boston, but it's not, or it's and, I think we should, I think we should bring it back. Cause I could tell it may a super charismatic dude, great energy. you know, obviously you're authoritative figure and I feel like, I think, it will only service more. never seen. (Seth Bradley) (35:41.87) to have these in there's something about in person. So yeah, I'm just I'm preaching to the choir, but I'm also like, hey, accountability, I'm gonna check up on you. gotta do the same. You gotta appreciate it. Tell me sure man. And it's great. Like when we meet on something like this and we have some interactions on social media and then we get on each other's podcast, you know, get to know each other. And then when you meet in person, you're like, this is awesome. You already feel like you know the person. So technology is a great and right. Another and yeah. Yeah, don't sleep on that fit that in person. We need more of that if anything. And people are, you know what, people I think are actually searching for it with all this technology. So good reminder for the both of us and whoever who's listening. I want to touch on something that you said, Seth. You mentioned, because I like learning from those who either have failed or made mistakes because can expedite our learning process. So you said, First deal typically, uh first one doesn't go well, uh, it's a bear but then you also mentioned that uh, you know Some some mastermind programs, right and there's a lot out there good and bad and some are better than others. Uh, some of them, you know I see I guess uh, maybe Don't um, I should say, um, maybe they fall a little short of helping you get to your first link. What's missing? What's the missing link? We talk about money, trust and network, but like if I wanted to nail it the first time the right way without, and I wanted to learn from someone like you from, your mistakes or from someone else's mistakes or from, know, those masterminds that are just falling short, what is a, is, is it a foundational or at least insight or lesson learn or thing I should keep top of mind in addition to the money, trust and network that would maybe put me in a (Seth Bradley) (37:40.024) position not to have the first one be so challenging. Yeah, I mean, to be honest with you, I think it's going to be challenging no matter what. I mean, I think what I was going to say is actually grit, right? You have to have grit. So I think it kind of it's a counterbalance here where you have a mastermind or coaching program or a class or something like that that you're selling to somebody. And the only way somebody is going to buy it is if you say, hey, buy this or come join me in this group and I'll make it easy for you to do what you want to do. Like that's the selling point. You have to say that it's going to be easy to get them to pay you to do it. But the problem is once they're in, you realize it's not easy. So, you know, People sell the promise, not the process. That's right. That's right. So, you know, I think maybe I don't know if there's any way around that. Like you certainly can't sell it is going to be hard and be like, Hey, well, if you buy my $20,000 program, you're probably not going to make it. So you can, if you want, you know, it's just not, it's not going to work. So I don't know if that's going to change, but I would say maybe once you get into that program, then you preach that, look, I can give you the systems, I can give you the processes. I can even teach you the compliance and I can hook you up with all my different, you know, my network and Ruben Kanya (38:59.21) hook you up with my securities attorney and my CPA and my funnel builder and those sorts of things. But at the end of the day, really emphasize that it's going to be work. You have to not only implement the systems, but you're going to have to scrap. Just like building any business, capital raising is a hard business and you're going to have to do things that are going to make you uncomfortable. And if you don't go all in, you're not going to make it. That's all there is. It's just like any business. or even a piece of a business. So me and my wife own a few gyms together and like sometimes we'll implement like you know, a promotion or something. Right. And if we half asset, it doesn't work. It just doesn't. It simply does not work. You have to have full buy-in. You have to believe in it yourself and you have to get your teammates and your employees to believe in it or they won't or they won't grow in the same direction as you. You've got to be all in just like with any business or it's not going to work. love that. That's a good one. The belief system is certainly a big one. And I'm sure it comes off across, especially in this space of capital raising, you people want to know that, do you believe in what you're saying, right? Just as much as you believe in yourself. That's interesting. So Tactically, was talking to this gentleman yesterday at the gym, speaking of the gym, a young guy, a hustler, you know, making some good money. And we were kind of talking about, you know, journey, you know, part of the journey is, you know, acquiring skill sets and honing your and sharpening the axe, for lack of a better word. And so I'm curious, you know, And I'm going to stick to my pillager because that's a reference point for me. But if I'm thinking of, what is one skill? Not saying for this is the end all be all by any means, just curses. If I was to focus and truly get really, really good at one skill and, can she not just achieve mastery in it? Is it fostering relationships, remembering Seth's birthday, what he does? Is it being able to really get (Seth Bradley) (41:17.998) great at communication and putting together a pitch deck, just to get a little bit more granular of like, what skillsets should I be thinking of, of honing, flexing that muscle and or which skill sets would actually give me an advantage in this space to really double down on? What would you say to that? I'll just lean on what I personally did. And I think that that's public speaking. So it's a lot, it's something that people hate, right? Like most people hate it. There's a small percentage of people that love it. Not very many. Most people say it's their biggest fear. Certainly my biggest fear was public speaking. so I had to overcome that. I realized that in order to be the person that I wanted to be, I needed to overcome that fear. I needed to get good at what I was not good at. And that was certainly it. And I'll tell you what. doing what we're doing now helped me. So I launched a podcast. It helps a lot. You get used to talking, you get used to conversating with people and you being the center of attention and focusing your thoughts and putting them into the words that you want to say. And it, it really helped. And I think that that goes from the top down. So even if you, you know, public speaking, you're thinking about, you know, being on stage and giving a presentation, that sort of thing. Just gonna say. Ruben Kanya (42:34.914) but it trickles down all the way to networking conversations, to having a phone call with an investor. Like it just improves your conversation skills and your communication skills that you have, whether you're on stage, whether you're on a podcast or whether you're on a phone call or a face-to-face meeting with an investor, it trickles all the way down. I love this conversation so much and Seth, you have your own podcast as well. Why don't you plug it in for a second. Sure, it's called the Passive Income Attorney podcast, but I will say that I'm rebranding to Raise the Bar Radio. Obviously a homage to raising capital and being an attorney. Right. No, the reason I bring that is I couldn't, I just want to echo that, that, everything is, is, is a, is a building block, right? I think what's fascinating about having your own show, right? Seth is, you know, that when someone is talking, traditionally, or if you're not well trained, you're already thinking the next thing to say, not really hearing the person. This skillset right here, but we're doing, which I love so much, you know, forces you to be a better listener. You know be able to collect information Digest it analyze it and then respond to it. I've always said I think having a show a podcast is one of the ultimate hacks because of the the the There's just so many multiple benefits associated with it. I'm curious. Do you see it that way too? Or is it just me? Ruben Kanya (44:06.798) just 100 % man 100 % you heard me man like that it's a game changer I mean there's that's to me the number one thing but also you you just get to make connections too right like you get to have guests that you have to have a reason to have somebody on your show that maybe you wouldn't get to talk to for whatever reason or and you get to cross paths with people and you get to say you get to share this experience like we're always gonna have this experience I know when I meet up with people in real life maybe five years later, like at a networking event, I'm like, my gosh, you remember we were I was on your podcast four years ago or whatever. And it's just like, you know, it's like we're high school buddies or something. you know, You know, that's so funny you say that Seth, because I was at a conference and I've seen this dude and it had been so long. He's awesome. And I blanked on his name and I was like, but I like, hadn't seen me yet. So I just went to my episode, scrolled them like that's right. Cause I couldn't put it together. I'm like, why am I playing on it? And we hit it off. went to lunch together. Like it was just awesome. But it's to your point, it's, it's sharing an experience one. It's learning how to communicate, learning how to listen, and then being able to... That's why I actually like being on this side more, because I get to ask you questions. It's having a master class. I'm learning so much right now, and then I get to share with my audience. It's like, Roman, that was just a great interview. like, dude, I self-interest. I selfishly was just as hyped. I'm so glad you got value out of it. So that's awesome, Seth. Let me ask you. So, know, biggest... You talked about the capital raising, challenging, having grit, needing grit, having a network, having money, having relationships. On the other side of this is, ah, this isn't for me. Do you have a message for those folks who are saying, you know, if you're an advocating for it and obviously you have a service around it, you've done it yourself. Sure. It's not for everybody. (Seth Bradley) (46:14.178) Right, but for someone out there who's not thinking this right like I think I was in a meetup There was a gentleman out like 300 something units like single-family homes. I think I think you did it the old-fashioned way old gentleman I'm like, yeah, I'm like damn. what is it? What message you have to like share as far as I? Like pulling on levers, right? That's why a lot of us get into real estate levers being anyone resources capital social capital, etc Can you? Just give us your take on this lever and the power it has. And if someone's not thinking of this, the power it can have. I you mentioned 120 million in 2022. Like help us understand and grasp that for someone who's thinking still like, oh, I'm going to just refinance. I'm going to flip this home and I'm going to OPM. How important is that? It's so important. Like I said, it's scale, right? It's scale and speed. And that applies to any business that you're trying to scale. It's speed. Like, can you get there on your own or maybe finding one partner at a time? A lot of times that's where you start. Like if you're fixing and flipping homes, you get to a max and you're like, I'm going to bring in, you know, Joe Shimo or my brother-in-law and they're going to fund this one deal. And you're doing one house at a time, or maybe you're doing two houses and you're doing three, but that takes time. I mean, it just takes a lot of time to get there. So you're just going to be going like this. Maybe you're going to keep improving and then you're going to have one bad deal and it'll be chopped back down a little bit and they're to keep going. But with other people's money, you go like this, like that you get vertical and you can get, and you can just get economies of scale. can, again, just go with speed and that's what matters in business. Now, maybe that's not for everyone. I do get that. Like, I think if you would have asked me a few years ago, I would have said, this is the only way. Like this is the only way you have to do it. I don't know if it's necessarily for everyone, but if you do want to get to that next level and you want to get there fast, like you want to achieve it soon, then other people's money is where it's at. Like you have to use it like gasoline on a fire. (Seth Bradley) (48:21.678) Tell us about the, I recently heard Alex Formozzi say this, and I think he was talking about how people need to realize that a piece of a watermelon is always gonna be greater than a large grass, like grapes or something like that. I was like, oh, that's a very interesting analogy. Can you break down maybe just for us who are not familiar with the split? when you're raising capital and you have other people's money in play and you know a lot of people talk about assets under management here and there millions here and there but help us understand like what's what's the what's the ratio you helped a lot of clients if someone's a GP on a hundred million dollar deal or a ten million dollar deal how much are they actually taking home right like how much do I make because you know you see a lot even on social like I think that's very interesting for us because you know, we got into the space and we're super lean, but at the same time our margins are ridiculous and it's not about how many doors someone how much profit we make per each, you know, property with all these insurance companies who are paying us like five X what you would traditionally pay. So it's never been about a door contest for us, but that's very prevalent in the industry. Like, we got assets on a management, you know, 20 million here, 120 million. But how much would one. for someone who's listening, or maybe you're not thinking, said pour gasoline on it, how much am I actually taking home, let's say on a $100 million raise, or on a 20 million, 10 million? What's the good ratio? Like what am I making? And then what's the upside of that? And why is it beneficial for me to really pay attention to this? Especially if I am for profit and money driven, and I understand the opportunity that might be at stake here. For sure, man. And you're kind of opening up a can of worms, right? So we'll see where we take this. the general idea here is you're actually not allowed to raise capital without a license. So just like being a doctor or a dentist or an attorney, you have to have a license to be able to raise capital. And it's called a broker dealer or potentially an RIA, a registered investment advisor. So if you're not one of those people, if you don't have a license, you need to have an exemption from having Ruben Kanya (50:41.814) that license. Now, if it's your, this is speaking in generalities, but if it's your own deal, if it's your own fund, if it's your own syndication, if you're the one buying the property, that's an exemption. You're exempted. You can raise capital for your own deal and that's okay. And that's kind of the co-GP concept that we talk about sometimes. I actually don't like to say co-GP because to me it's a fallacy. There's no such thing as a co-GP. You're either a GP and an active partner. or you're not. And what's a co GP. So we call co GPS or the way that the industry tends to frame them as kind of these small capital raisers, right, these small capital raisers that come in and raise a little bit of capital, and they don't participate in the deal in any other way. So they don't provide any services, they don't do any of I got got I got rich friends Right you call me you say Ruben. Can you code GP this? know you can probably bring us an extra 50 million to the table Co GP or you're saying is actually not kosher It depends. So it all depends on how you structure that deal. So if you're bringing a large amount of capital and you're only bringing capital, what you're going to want to do is negotiate managerial or voting rights within that legal entity that you're partnering with. So maybe they're the operating partner and you're the capital partner. And that's okay. So long as you as the capital partner have some sort of like meaningful voting and managerial rights. So that's kind of what private equity does, right? They come in, they raise capital. And that's all they do is provide capital. But guess what? In those legal documents, if something goes wrong, let's say with the property or whatever the asset is, they have takeover rights. They can come in and manage the property and take over the asset management if they want to. Those rights are baked into the legal documentation. And that's what makes it okay, because they are an active partner because they have those managerial and or voting rights. But when you come in as a, let's say a smaller partner, and all you're doing is bringing in capital, Ruben Kanya (52:41.1) and you're not doing anything else. So you haven't negotiated any meaningful rights to make decisions or to manage. you don't actually manage the asset. You don't actually attend the meetings. You don't do anything except, here's my 500,000 bucks from my investors. And then you walk away. That's actually not legal. And a lot of people call that the Code GP model. But actually, you're either an active partner in the deal or you're not. Would it change Seth if I, it sounds like what you're saying is I'm bringing 500K and then I'm just leaving. I'm just like, here you go. Here's, I'm just hooking you up. Would that change if I put my own money into the deal? Now I'm an LP or no, there's more complicated. Now you're, yeah, now you're an LP because it's your money. So you're just an investor. Right. you're saying I could, yeah. So you're saying the difference between the example you just gave is the fact that that person never had money in, they just brought money in. That's none of their own money. And then they didn't do anything. You're saying that's a red flag for lack of better words, if they don't have the proper, I guess, voting rights, manager rights, et cetera. Is that an accurate recap? Yeah, I can use my own capital. I can put my own half a million dollars into somebody's deal and be a passive investor. And that's okay. I'm not raising capital. That's my capital. But if I said, okay, here's $250,000 from my mom and $50,000 from Rubin and another $100,000 from this person and that person. And I put it in a LLC or I just bring them into the deal. Then that is raising capital. You're raising capital from other people. And that's, that's the difference there. (Seth Bradley) (54:14.254) Yeah, so it's almost like you could be stacking, you know, people are a bunch of people are recruiting for the fund, but those folks are not on there as investors. It's aggregated funds, essentially, which could create a problem, right? Is that what you're saying? Yeah. Okay. Yeah. Very interesting. I never even thought of that case study. Yeah. Yeah, I didn't even ask your question though, which was how much money can you make? Right? So typically, typically, and again, we're putting securities laws aside here. We're just talking about kind of industry norms, we'll call it. Maybe 30 % or so is put aside for the capital raising. So 30 % of the GP. let's say there's a syndication where you do a 70 30 split, 70 % goes to the investors, 30 % goes to the general partners. Well, If you bring in, let's say, 100 % of the equity, you bring in all of it, then you'll probably be allocated about 30 % of the general partnership. So 30 % of the 30 % in that example. So you get 9 % of the deal. What did you mean by 100 % of the equity amount following? So if you had to raise, let's say you're closing on a $10 million property and you need to raise $4 million to close it, or let's say the down payment plus capital improvements, something like that, and you bring in the full $4 million, you brought in 100 % of the equity needed to close the deal. Ruben Kanya (55:38.574) Yep. And then overall, so and then what has happened now? So what's going on now or what's happened over the last couple of years is that there have been some very well-known syndicators in the space get investigated by the SEC and people have said, all right, well, now we need to figure out a different way to raise capital, compliantly. Right. And the answer is actually always been out there, but it's had some difficulties and that's a fund to fund. So people out there, they've heard of a fund to fund. This is more a more prominent way, a more compliant way to raise capital nowadays. But I'll tell you what, comparing it to the CoGP model, it's more complicated. It costs more money and it's just a lot more work for you as the capital aggregator or the fundraiser. So people have avoided it because they've just done the CoGP model because it's easier. But now that the CoGP model isn't as available, people are still doing it, but people are kind of shying away from it because of the the investigations that went on. Fund to Fund has become a lot more prominent and you have companies like Tribe Best who I'm chief legal officer for, full disclosure. We put together a Fund to Fund product where we make it cheaper, easier, more compliant, and you can just do it very easily and within five business days because we do everything for you. So instead of you having to find a securities attorney and a CPA, open a business banking account, file your LLC, Walk your investors through the signing ceremony and get them to wire your funds. We call that herding the cats. Do all these things and put your cap table together, do your distributions, all those things that you'd normally have to do. Tribe Best does. And we do it for a very low price in comparison to what I would charge you if you came to me as a law client. Interesting so I like how you just covered the foundation there. Let's go back to the 10 million dollar example, right? Yeah, you put in equity is you said so this is me saying Equity to close is 4 million. And so I'm bringing in 4 million just so I'm clear is do I have and this is my assumption that a Lot of syndicators are also raising the capital for that 4 million. Is that not correct? Ruben Kanya (57:55.032) Typically, yes. Okay, so then you're saying, just want to make sure I understand all the different use cases. So I could be 4 million and then the Delta, I can either traditional lending and or have my investors cover the Delta, which would be the 6 million. Is that accurate? Yeah, I mean you can find however you need to fill in that the debt the equity stack Well wouldn't be the equity stack the full capital stack. Yeah Typical though, it more typical that if I'm the GP to $10 million asset that I'm actually going to raise, I don't know, $3.5 million and put 500K on my own money? Is that more typical than I'm... I would say that is typical. Yep. That is more typical. would say prime example idea, $10 million property, get a $6 million, maybe a little bit more, $6, $7 million loan. And then you raise three or $4 million, whether that's from passive investors or whether that's your own capital that you put in, or maybe you bring in fund to fund investors. (Seth Bradley) (59:02.478) Okay, so that's where I wanted to ask the question, fund to fund. Tell me how that's different than the, bring in 3.5, I bring in 500K to the table, I raised 3.5, now I have a $4 million down payment, we borrow $6 million on debt. Tell me how the fund to fund is different than that approach. Sure. So that deal that you just described, we like to call that when we're talking it with respect to fund to funds, the target deal. So that's the target deal. Like that's the entity and the structure that's buying the asset. So they're buying this $10 million asset. We're actually at the fund to fund level, one level down from there. So we create our own legal structure, our own LLC, and you have your own manager, a fund manager who brings in their own passive investors and they put them in that fund to fund legal entity. And then the fund of fund legal entity actually invests into the target deal. So they come into the target deal as basically a big passive investor. let's say they aggregate a half a million dollars where typically, you know, the average investor might be $50,000. So these are bigger investors. It's just one big investor to the lead sponsor or the target deal, but it's really, yeah, it's really another fund is what it is. So it's a fund of a fund or a fund of a syndication. That is so interesting. so you're saying that is becoming more prevalent. You fund a fund. I mean, I would imagine that's where not to get so far off topic, but that's where a lot of big companies who are deploying their excess capital or investing in. I I guess it's in multiple portfolios, right? Investing, right? mean, there's commercial, there's insurance. I mean, there's so many different things you can invest your money into. Yes. (Seth Bradley) (01:00:46.656) Is that all fun to fun families essentially? For sure. For sure. Yeah. You know, you can call it a fund. There's different kinds of fund to funds. Fund funds aren't new. They've just been deployed in a different way recently or more prominently or more often, which is this kind of this I'll call it. We like to call it an SPV fund to fund single purpose vehicle fund to fund. Now other people will call it that same thing and mean something different, but the way that we mean it is that we create this fund to fund entity. And it's a single purpose vehicle, meaning it's created only to invest in one deal. So that $10 million multifamily deal, we create a fund of an SPV fund of fund only to invest in that one
He was terminated for open violation of Liberty University's doctrinal statement and now alleges “sex discrimination.” Constitutional expert, lawyer, author, pastor, and founder of Liberty Counsel Mat Staver discusses the important topics of the day with co-hosts and guests that impact life, liberty, and family. To stay informed and get involved, visit LC.org.
In this compelling episode of the Inspiring Leadership Podcast, we speak with Chris Piehota, a retired FBI executive who spent nearly 25 years leading high-stakes global security operations at the highest levels of U.S. law enforcement and intelligence.As one of only eight senior executives in the FBI, Chris led complex national security programs and oversaw cutting-edge technical operations — often under intense pressure and scrutiny. Today, through his firm YF5 Solutions, LLC, he brings that same strategic mindset and calm leadership to organizations worldwide, helping them strengthen performance, leadership, and long-term success.With a doctorate in Human Performance Improvement, Chris shares powerful insights on navigating risk, leading through crisis, and building resilient teams — whether in national security or in the corporate boardroom.
Twin Flame Fast Track Program (Reunite With Your Twin Flame The EASY Way) - https://twinflameguides.com/twin-flame-fast-track/ [Video]We're twin flames in union, and have been together for several years. We share our experiences and advice about the twin flame journey on this channel. #TwinFlames #TwinFlame #Soulmate
Here's your chance to represent California and Nevada ranchers in guiding how beef checkoff dollars are put to work.
On Nick Ferrari at Breakfast: The government announce a £100m boost to technical colleges to assist development of the construction industry. Nick speaks with Skills Minister, Baroness Jacqui Smith Shopkeepers have been told not to put 'wanted' posters up as it could breach data protection laws. All this and more on Nick Ferrari: The Whole Show
A call to action for our Chattanooga P1's Open Phones brings us Anonymous, who's Ronnie the swinger's girlfriend, and she's got some things to clear up about Ronnie's call last week
In this week's Thinking Tackle Podcast Uncut, we're joined by Tom Stokes – fresh from one of the biggest achievements of his angling career, landing The Lord of the Manor, the Big Fully. Stokes talks to Tom Dove, Damian Clarke and Adam Reed about his planning, preparation, and mindset behind targeting such a special fish in a limited window of time. From picking the perfect moon phases to making the most of having a lake to himself, Tom reveals how he stacked the odds in his favour and turned opportunity into success. We also cover: The latest Spooner's 50 winners – including some truly incredible massive carp How Moon Phases Influence Big Fish Captures - Tom Stokes is a big believer. Spot finding, baiting strategy, and reading the water when targeting individual fish Behind-the-scenes of Underwater filming with both Toms talking about the NEW Underwater 2 Part Films (Out Now)
For her entire life, Grace Hussar has been an overthinker. No matter how much she wanted to be in the moment, she always felt as if she was just outside it. But when she took up endurance running, she realized something: Extreme pain turned her thoughts off. She wanted more of that feeling — more pain and less overthinking. As a mother of two with a happy partnership and a career in finance, what she explored next surprised her.On this week's episode of “Modern Love,” Hussar talks about her essay, “The Kind of Pain I Wanted.” Hussar shares the story of how she discovered that rope play and kink were the keys to newfound presence and pleasure in her life.Find new episodes of Modern Love every Wednesday. Follow the show wherever you get your podcasts: Apple Podcasts | Spotify | Amazon Music | YouTube |iHeartRadio Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
Still A Part of Us: A podcast about stillbirth and infant loss
Karina talks with Winter about the birth, life, and death of her daughter Chelsea. Chelsea was born at 36 weeks and lived for 19 day. The cause of death was not apparent at first. After getting second opinions from other doctors, Karina was able to understand that her daughter's brain hadn't developed properly in the corpus callosum and that was ultimately what lead to Chelsea's death. DONATE $5 (aka "buy us a coffee/hot cocoa") to support the continued production of these stories. We appreciate all the help toward production and hosting costs. Or if you want to purchase an "Always a Part of Us" Legacy Gift for $20, you'll be providing to one of these families that shares their story, full transcriptions, mp3s, and mp4s of the recordings of their baby's birth story and advice episodes for their family history records. You will also get a shout-out on an upcoming episode. Thank you! Donate: https://ko-fi.com/stillapartofus SUBSCRIBE to our YouTube channel for more birth stories from families who have experienced a stillbirth or infant loss. We're grateful that you're part of our community! https://www.youtube.com/stillapartofus SUBSCRIBE to our podcast Still A Part of Us, wherever you find podcasts. Links (some of these links are affiliate links, which means we may get a small commission off your purchase, at no extra cost to you): Website: http://stillapartofus.com/ Grief Support Groups: https://nationalshare.org/ Mom Music: "Flickering Flame" by Josh Woodward. Free download: http://joshwoodward.com/ #stillbirthstory #stillborn #stillbornstory #birthstory #infantloss #infantdeath #babydeath #stillmychild #podcast #birthstories #babyloss #mybabydied #bereavedmother #bereavedfather #infantlossawareness #dadsgrievetoo #mamasgrief #pals #childloss #lifeafterloss #saytheirnames #babylossawareness #breakingthesilence #grievingmom #grievingdad #bereavedparents #pregnancyandinfantlossawarenessmonth
Thank you for listening! Connect with us online! Facebook: https://www.facebook.com/RiversidePeoria Instagram: https://www.instagram.com/riversidepeoria YouTube: https://www.youtube.com/@riverside_peoria
The U.S. Customs and Border Protection started using canine drug detection dogs in 1986 after a sharp rise in the number of illegal alien apprehensions and narcotics seizures. Today, these dogs continue to be recognized for helping to seize large amounts of illegal drugs being smuggled over the border each year. When these hero dogs are ready to retire, a new home needs to be found and one organization is dedicated to finding them one. Fox's Tonya J. Powers speaks with Robert Misseri, co-founder of 'Paws of War', a nonprofit charitable organization that assists military members and their pets, who shares the story of hero service dog 'Milan', the impact he had and how pairing dogs with veterans helps change lives. To donate or help support Milan visit https://pawsofwar.org/?form=MilanRetirement or to help support their other missions, visit its site at http://pawsofwar.org. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices
The U.S. Customs and Border Protection started using canine drug detection dogs in 1986 after a sharp rise in the number of illegal alien apprehensions and narcotics seizures. Today, these dogs continue to be recognized for helping to seize large amounts of illegal drugs being smuggled over the border each year. When these hero dogs are ready to retire, a new home needs to be found and one organization is dedicated to finding them one. Fox's Tonya J. Powers speaks with Robert Misseri, co-founder of 'Paws of War', a nonprofit charitable organization that assists military members and their pets, who shares the story of hero service dog 'Milan', the impact he had and how pairing dogs with veterans helps change lives. To donate or help support Milan visit https://pawsofwar.org/?form=MilanRetirement or to help support their other missions, visit its site at http://pawsofwar.org. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices
The U.S. Customs and Border Protection started using canine drug detection dogs in 1986 after a sharp rise in the number of illegal alien apprehensions and narcotics seizures. Today, these dogs continue to be recognized for helping to seize large amounts of illegal drugs being smuggled over the border each year. When these hero dogs are ready to retire, a new home needs to be found and one organization is dedicated to finding them one. Fox's Tonya J. Powers speaks with Robert Misseri, co-founder of 'Paws of War', a nonprofit charitable organization that assists military members and their pets, who shares the story of hero service dog 'Milan', the impact he had and how pairing dogs with veterans helps change lives. To donate or help support Milan visit https://pawsofwar.org/?form=MilanRetirement or to help support their other missions, visit its site at http://pawsofwar.org. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices
I want to help you get what you truly want. But first, ask yourself these questions—honestly. Your answers could change your life.We live in a world drowning in distractions—social media, endless scrolling, artificial validation. But beneath the noise:Can you still enjoy your life?Do you have the courage to live without compromise?Can you speak your truth—even to your boss, spouse, or family—when something isn't right?Does your job still fulfill you, or just fund your existence?Are you surrounded by people you love and who uplift you?Have you maintained your standards, or did life wear you down?Do you ever pause to reflect, or are you too busy distracting yourself?Are your relationships mutual—do you give and receive support?Can you pursue your desires without harming others?We rarely check in with ourselves until something breaks—our health, our relationships, our happiness. The Dalai Lama once said:"People only think about their bodies when they're already sick."The same applies to our lives. Prevention is the best doctor.A Mirror from KrabiI live in paradise—Krabi, Thailand—yet I watch tourists obsess over their phones, staging "perfect" photos to prove they're happy online. Posting has replaced feeling.Can you relate?When was the last time you sat quietly—no phone, no distractions—and asked: "Am I on track?"This isn't judgment. It's a wake-up call. Your life is happening now.My Video: Did You Get What You Wanted? https://youtu.be/Kie-Asz67m8My Audio: https://divinesuccess.net/wp-content/uploads/2021/Podcast4/Did-You-Get-What-You-Wanted.mp3
For more coverage on the issues that matter to you, download the WMAL app, visit WMAL.com or tune in live on WMAL-FM 105.9 from 9:00am-12:00pm Monday-Friday To join the conversation, check us out on X @WMAL and @ChrisPlanteShow Learn more about your ad choices. Visit podcastchoices.com/adchoices
One of our most anticipated films of the year is finally here as we are thrilled to be reviewing Weapons in this film study episode. Don't worry. No spoilers for the first half, not even any hints… and then you can enjoy our plot reactions in the 2nd half to discuss what it all means after our spoiler warning. NON-SPOILER REVIEW OF WEAPONS: Vowing to be extra careful about spoilers this episode - 2:17 Behind the Scenes, Critical Reception & Box Office Notes - 4:29 The Plot Premise, Our Theater Going Experiences & Non-Spoiler Script Thoughts - 9:09 Review of the Performances - 19:04 Review of the Production Values - 22:29 Oscar Lens - 25:39 SPOILER WARNING - 30:42 SPOILER FILLED REVIEW OF WEAPONS: First we gotta talk about that SNL Sketch w/ Neil Diamond and the Rock as Bigfoot - 31:21 Act I Thoughts - 34:43 How things ratchet up - 39:33 The Rules of the World - 41:57 Hurtling towards a showdown - 46:55 That Ending - 52:13 A discussion of the Themes - 1:00:26 A Few Worst Scenes - 1:06:14 Final Grades, Final Thoughts - 1:08:22 OUTRO: If you enjoyed our film study on Weapons, please make sure to Like & Subscribe, Rate & Review, and help us spread the word about our podcast in a positive way. As always, we thank you for doing so, and please let us know your thoughts, comments, questions or concerns re: Weapons. https://linktr.ee/mikemikeandoscar
Anthony Richardson may practice tomorrow, which will reconfigure the QB competition again! Experience matters, and Richardson learned a lesson last night. Help Wanted: Cornerback with NFL experience, speed, larceny in heart, and comfortable in close proximity with other very fast men required! Contact Chris Ballard - all inquiries welcome! Sophie Cunningham might be the next Pat McAfee if she spends an hour with a media coach to cure verbal tics! Here is the link for the only autobiography ever published without praise for its author: https://www.amazon.com/Oops-Art-Learning-Mistakes-Adventures/dp/173420740X Contest rules: https://kentsterling.com/2025/07/03/rule-for-kent-sterling-conest/
Al wanted the Mets to be no-hit To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Stupid News 8-7-2025 6am …That's not the Package she wanted to see from the Amazon Driver …It was just a little fire on the front door …A Creepy Place
This conversation with the Chaneys is truly eye opening! We tackle the dark side of the music industry, sexual immorality, false churches and more. Stay Connected with Stephon & Christina ChaneyStephon and Christina Chaney are faith leaders with a heart for people and a passion for purpose. They're planting Activate Church, launching September 7, 2025, in Alpharetta, GA. Follow their journey, music, and ministry below!Follow them on Instagram:Stephon: @stephon.chaneyChristina: @christina_chaneyListen to Christina's new single “The Light”Watch now on YouTube: • Christina Chaney - The Light (Official Mus... Activate Church is launching September 7, 2025!Follow their journey: @activate.thechurchThe Azonwus:Become a member Join this channel to get access to perks: / @weneed2talktv Financially Support this Podcast:$TheAzonwusPayPal: https://www.paypal.com/donate/?hosted...Submit Your Story for a chance to feature - Email short video to: TheAzonwus@gmail.comSocial media: Wordsbyezekiel Thisisglory Weneed2talkexpSign up for The Azonwus relationship coaching waitlist:Listen to all podcast episodes:Spotify: https://open.spotify.com/show/0TKwMpq...Apple: https://podcasts.apple.com/us/podcast...Book Us for an Event: http://www.wordsbyezekiel.com/bookeze...Merch: Shop — WORDS BY EZEKIELThe Azonwus Books: The Whole Woman https://a.co/d/jioxLDuThe Whole Man https://a.co/d/ejIGSqI
For her entire life, Grace Hussar has been an overthinker. No matter how much she wanted to be in the moment, she always felt as if she was just outside it. But when she took up endurance running, she realized something: Extreme pain turned her thoughts off. She wanted more of that feeling — more pain and less overthinking. As a mother of two with a happy partnership and a career in finance, what she explored next surprised her.On this week's episode of “Modern Love,” Hussar talks about her essay, “The Kind of Pain I Wanted.” Hussar shares the story of how she discovered that rope play and kink were the keys to newfound presence and pleasure in her life.Here's how to submit a Modern Love essay to The New York Times.Here's how to submit a Tiny Love Story. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
-Judge Andrew Napolitano discusses the subpoenas handed down by House regarding late financier Jeffrey Epstein. [National Report] -Newsmax's Carl Higbie says the Epstein probe is taking too long. [Carl Higbie Frontline] -Rep. Byron Donalds examines the subpoenas of Clinton and Obama officials. [American Agenda] -TX Gov. Greg Abbott calls out the AWOL Democrats. [Chris Salcedo Show] -Mike Rowe discusses President Trump's economic strategy. [Rob Schmitt Tonight] Listen to Newsmax LIVE and see our entire podcast lineup at http://Newsmax.com/Listen Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at http://NewsmaxPlus.com Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : http://nws.mx/shop Follow NEWSMAX on Social Media: -Facebook: http://nws.mx/FB -X/Twitter: http://nws.mx/twitter -Instagram: http://nws.mx/IG -YouTube: https://youtube.com/NewsmaxTV -Rumble: https://rumble.com/c/NewsmaxTV -TRUTH Social: https://truthsocial.com/@NEWSMAX -GETTR: https://gettr.com/user/newsmax -Threads: http://threads.net/@NEWSMAX -Telegram: http://t.me/newsmax -BlueSky: https://bsky.app/profile/newsmax.com -Parler: http://app.parler.com/newsmax Learn more about your ad choices. Visit megaphone.fm/adchoices
Join Brian and Mike Cohn as they unpack the five essential pillars that take Agile from “just the motions” to meaningful, measurable impact. Plus, get a behind-the-scenes look at their revamped course built for real team transformation. Overview In this episode of the Agile Mentors Podcast, Brian is joined by longtime collaborator and Agile thought leader Mike Cohn for a deep dive into what really makes Agile stick. They explore the five foundational pillars—mindset, practices, roles, teamwork, and support beyond the team—and share stories of what happens when teams get them wrong (like obsessing over story point math or demoing a copyright update in a sprint review). Along the way, they introduce the newly available Working on a Scrum Team public course and explain why it’s designed for entire teams, not just isolated roles. Whether you're new to Agile or knee-deep in transformation, this episode will help you rethink how to build an Agile approach that actually works. References and resources mentioned in the show: Mike Cohn #80: From Struggling to Success: Reviving Agile Teams with Mike Cohn Scrum Team Roles and Responsibilities Working on a Scrum Team Course Mountain Goat Software Certified Scrum and Agile Training Schedule Subscribe to the Agile Mentors Podcast Want to get involved? This show is designed for you, and we’d love your input. Enjoyed what you heard today? Please leave a rating and a review. It really helps, and we read every single one. Got an Agile subject you’d like us to discuss or a question that needs an answer? Share your thoughts with us at podcast@mountaingoatsoftware.com This episode’s presenters are: Brian Milner is SVP of coaching and training at Mountain Goat Software. He's passionate about making a difference in people's day-to-day work, influenced by his own experience of transitioning to Scrum and seeing improvements in work/life balance, honesty, respect, and the quality of work. Mike Cohn, CEO of Mountain Goat Software, is a passionate advocate for agile methodologies. Co-founder of Agile Alliance and Scrum Alliance, he thrives on helping companies succeed with Agile and witnessing its transformative impact on individuals' careers. Mike resides in Northern Idaho with his family, two Havanese dogs, and an impressive hot sauce collection. Auto-generated Transcript: Brian Milner (00:00) Welcome in, Agile Mentors. We're back for another episode of the Agile Mentors podcast. Thanks for joining us. I'm with you, as always, Brian Milner. And today, I have the one and only Mike Cohn back with us. Welcome in, Mike. Mike (00:12) Thanks, Brian. Good to be here. Brian Milner (00:14) Always happy to have Mike on the show and really appreciate Mike making time to come on. Wanted to have Mike on because there's some things Mike's been talking about recently that are really interesting and people have been asking a little bit about this and I thought maybe it'd be just a good opportunity to talk through some of the stuff that Mike's been writing about. I know you spent, Mike, a lot of time helping teams to not just do Agile but to really get solid results from it. to see impact from it. And I know the topic you've been talking about recently is sort of these five pillars of supporting real agile improvements, the mindset, practices, roles, teamwork, and support beyond the team. So I thought maybe we could just dig in and drive through those and maybe learn a little bit about those as we go. Obviously also to talk a little bit about the exciting new course that's being launched here, the working on a Scrum team course, because I know that was originally just for private classes, right? And now it's being open to the public. Mike (01:23) Yeah, we've done working on a Scrum team as a private class for probably 20 plus years. It's been kind of our main offering to private clients. But we're hearing from a lot of people that they have one team and they can't really get a private class approved with the budget and such. So what we're doing is going ahead and making that course available as a public course. So two people from your company, five people from another company all in the same class the way we've done our certified courses for decades. And so we're going to start offering this as a public course. And the exciting thing there is that it's really meant to be a team-based class, where things like Scrum Master training, great class, but it's really meant for the Scrum Master, right? And working on a Scrum team is really designed, and you and I helped you and I design this course together, but it's designed to be something that is a whole team training, right? So good for anybody on a team. Brian Milner (02:16) Yeah, yeah, it's been really great teaching those in the private classes and I'm excited to think about the public being able to come in and take that now. Let's talk a little bit about these pillars and, I think people are gonna be really intrigued by the concept here. The first one is mindset, I think, and just wanna start there and say, what does it actually mean to... think Agile and what is the found, why is that kind of the foundation for successful transformations? Mike (02:43) Remember the kind of the early days of agile and there was a lot of conversation about could you be agile without understanding the principles, right? If you just did the practices, were you agile? Other people were saying, no, you have to start with the principles, right? And so do you start with principles? Do you start with practices? And I remember these early debates and they often devolved into a discussion of the karate kid movie, right? Remember that one, right? And, you know, can you just wax on? Brian Milner (03:12) Ha Mike (03:12) for long enough, just do the practices. And then all of a sudden, your karate instructor or your agile coach is, OK, you're agile. And it's like, wait, all I know how to do is wax a car, right? And so there were these discussions about practices versus principles. And I was kind of always on the side where you better understand the principles to do this. Just knowing the practices, waxing on all day, is kind of just going through the motions. And so you have to understand the principles. And the idea that I wanted was that if a team truly understood all of the principles underneath Agile, I don't just mean just the manifesto, but all the principles that are there from Lean, from Kanban, from everything, that if you really understood those, you'd kind of invent the practices, right? You do those and you go eventually to go, hey, we should probably meet every day. Or hey, if we tested first, that might be a really good thing. Brian Milner (03:57) Yeah. Mike (04:05) So you'd invent the practices if you really had that type of agile mindset. And so for me, when we're working with organizations to get them truly agile, and I don't mean like more agile than less agile, but agile in a way that's going to stick, you got to change mindsets, right? You've got to do more than just the wax on. So people have to get the mindset. Brian Milner (04:27) Yeah, I love that. I know that I've experienced some things in the course of working with people that's it's sort of like you, if you're not on the same page with the principles, then you start to talk through the practices and you run up against a problem. And really what you find out the core of it was, well, we weren't aligned on really the principle behind this. So why would I want the practices then, right? ⁓ Mike (04:49) Yeah. Well, that's where you also end up then with a lot of team debates about things, right? Because you're arguing about the practice. if you'll say you and I are arguing about the benefit of some practice, if we agree on the principle, we might just have different views on it. But deep down, we'll probably agree on some practice, or we might find an alternative one. But if you don't agree on the principles, you end up with a lot more of these kind of annoying. mean, team debates are great. I mean, I love. Brian Milner (04:54) Yeah. Mike (05:12) you know, having a team debate, arguing stuff like that, but not about pointless things, right? And not without some sort of foundation. They just kind of get in the way. It's just frustrating for everybody. Brian Milner (05:21) Yeah. Well, I'm kind of curious, what kind of signs or signals do you think teams should look out for to kind of clue in and let them know that what might actually be going on here is more of a mindset issue? Mike (05:36) think sometimes it's when you hear the appeal to authority, right? Somebody says, you know, well, we got to do it this way because the scrum guide says, right? Or the one that annoys me is we have to do it this way because Mike Cohn says, ⁓ you know, that was like, no, I, somewhere else also said, think, right? Don't just, you know, don't just, you know, blindly do story points or something. Cause I say they're a good thing. I want you to think too. Brian Milner (05:50) You You Mike (06:01) And so I think that kind of appeal to authority when teams are debating things. It's where we also see teams who think they're agile because they do a set of practices. We use a particular agile tool, so we must be agile. We do daily meetings. We must be agile. And those are not the things that make you agile. Those are artifacts of being agile. If you're agile, you're going to meet a lot. You're not going meet a lot, but you're going to talk a lot. Um, and so those are the artifacts of behaving in an agile way. And so I want to understand why we're doing those things. So I look for those kind of appeals to authority. Um, you know, emphasis on that type of stuff in an argument talking about how this is the right way saying there's only one right way to do something. Brian Milner (06:49) Yeah, yeah, that's great. How does working on the Scrum team deal with this? How does that address it? Mike (06:55) Well, one of the things we do, it was actually one of my favorite exercises. We do this exercise at the start of the class where we ask people to kind of map out how the organization talks about certain adsel principles and then how does the organization behave. And so for example, if a company says, people are our greatest asset, and then they treat people like dirt, we've got this kind of problem between what we say and what we do. And so I like to kind of map this out. And so we do this with the principles in the Agile Manifesto. And once we map those out and we start to see things that we say we value, but we don't behave that way, really helps us understand if we've really embraced that mindset. Or are we just doing things because an Agile coach told us to, or a boss told us to, or we did it that way in our prior company. Those are all bad reasons to do something. Brian Milner (07:48) Y eah. So this is great. So I agree. The mindset's really foundational. And there is this symbiotic relationship between mindset and practices, which came first and which comes first, as we talked about. I know a lot of teams get stuck doing Agile, though, in really only name only. So when we talk about practices, what makes the difference between going through the motions? Mike (08:00) Mm-hmm. Brian Milner (08:11) and actually doing things that work. Mike (08:13) Well, practices is kind of our second pillar, right? You have to have the mindset, right? But you also have to have the practices that come from having that mindset. so, again, I try to think of that team on a desert island, right? And they're isolated from the world. They've never talked to anybody, but they have an agile mindset. What practices are they going to invent, right? And I think those are kind of the core practices. We see a lot of problems with as an example, teams that misunderstand sprint planning. And I know when I first started teaching about sprint planning, I'd have a slide up there to have a picture of a sprint backlog. And the sprint backlog listed tasks like code this, design this, test this. And then there were estimates next to code this. It's going to take four hours testing. It's going to take three. And so we were able see all these numbers and think the point of a sprint planning was these numbers. And Even in the early days of this, I was always saying, no, it's not about those numbers. It's about deciding what product backlog items you can pick. if taking a, I don't even want to call it an estimate, but taking a wild guess about, it probably can take four hours to code. If that helps you decide how many backlog items you can commit to, great, put those numbers up there. But it was never about the numbers. And it's one of the most common problems that I see with teams in sprint planning is they get obsessed with How many hours did we bring in? How many points did we bring in? And I remember one team I worked with where we did sprint planning. Having those estimates were helpful for them on their sprint back. They were helping. And we finished the meeting. And we're using Google Sheets in a meeting to do this. We've got a row with the estimates in there. And as we start to wind down the meeting, I deleted that column that they'd spent so much time talking about. They're all kind of pissed off at me. Why'd you delete that? We spent all this time talking about it. I said, because we got the benefit, right? You got the benefit of those numbers. The benefit isn't a week from now remembering that you said five hours, because it's going to take what it takes. The benefit was the discussion that it led to of can we take more or are we already full? So I see teams get obsessed with that. This is one example, but that's one of the problems with sprint planning as a practice. Brian Milner (10:25) Yeah. Yeah. I think you're absolutely right. And that's one of the things I know I've talked about with people going through the course is sort of understanding the purpose behind the things. Just going back to, know, harkening back to what you said about, don't just do it because someone told you, you know, understand why the purpose behind it. And, know, otherwise we, I'm sure we've all had that experience before where someone just tells you to do something and says, you know, why? Cause I told you so, you know, that, that doesn't, that's not very convincing. Mike (10:52) Thanks, Mom. Brian Milner (10:53) Right, right, thanks mom. Yeah, not very convincing, but it's much more convincing when they can tell you, well, no, you do this because this is what we're trying to do. And I think you're right, that makes all the difference there. ⁓ Mike (11:05) It just, don't know anybody that responds well to being told what to do, right? My instant reaction is no, right? mean, you it could be, you know, a really, you it could be a really good thing. Eat more vegetables, you spend more time outside. No, right? Don't tell me what to do. So. Brian Milner (11:09) Right. Right. Yeah. It's almost like our default response is no until you convince me. Are there other common practices? We talked about sprint planning. Are there other kind of practices you see teams struggle with? Mike (11:28) Yeah, yeah, for a lot of people. think a huge one is product backlog refinement. I don't know what a better word would be than refinement. refinement is about making the backlog better. It's not about making it perfect. And I see teams that get stuck on backlog refinement and feel like they have to resolve every open issue, that everything has to be tiny and answered and buttoned up before we can start a sprint. And that's not the case. For me, the goal in refinement is to make sure things are small enough and sufficiently well understood. I don't want to bring in a backlog that's bigger than my velocity. If our velocity is 25, I don't want bring in a 50-point story. how about the problems of a 50-point story anyway? But I don't want to bring in some massive epic like that into a sprint. And so refinement is about making it small, making sure it's sufficiently well understood. Sufficiently well understood, not perfectly. And so Brian Milner (12:18) Yeah. Mike (12:28) The problem is these teams, and I know you've seen this, but teams who get in there, want to resolve every open issue. It's like, no, we can resolve that during the sprint. If we think about the goal and planning to make sure we know what to bring into the sprint, not too much, not too little, we're fine just enough that you're at that point. Is the button blue or red? Who cares? If it's a log in story, we're going to lock people out after some number of failed attempts. Who cares how many? Figure that out during the sprint. If it's five or three or eight, who cares? Figure that out later. So I think refinements won. Another big one would be reviews, ⁓ where sometimes teams demo too much in a sprint review. And they feel like they have to justify their existence, show everything you did during the sprint. And the most egregious example of that was this was a handful of years ago. But I literally remember a team showing Brian Milner (12:58) Yeah. Yeah. Mike (13:18) how they had updated the copyright notice on the footer of the web page, know, copyright, you know, whatever year our company, right? And it's like, my God, you didn't need to show that to stakeholders, right? We all either know there's a copyright notice on the bottom of the web page or we've seen one before. I don't need you to bring it up and scroll down to it. Now only took 15 seconds of the meeting, but that was 15 seconds of people's lives. They were never going to get back. you know, show stuff that you need feedback on, right? If you'd... Brian Milner (13:41) Right. Mike (13:45) You fixed a bug and you fixed it only way it could be fixed. Mention it perhaps, but you don't need to show it, right? Brian Milner (13:51) Yeah, yeah, know teams I've been on often it's just it's suffice it to have a list sometimes and just say here's a list of things if you want to know more about these come talk to us but we're move on to the stuff you care about. Mike (14:02) Yeah, I always have like a will show, will not show list. you know, I often, if I'm writing the meetup present, that'll put that up on Zoom or, you know, show it on a screen if we're in person. And often somebody wants to see something that's on the will not show list. Or they just want me to describe what bug was that again? What was that? You know, and I'll explain it really quickly. But if nobody wants to see it, don't bother showing it. So. Brian Milner (14:26) Yeah, I know we talk about these scrum practices quite a bit in the working on the scrum team class, but if someone signed up to take this class, what can they expect to hear or what can they expect to learn about these practices in the course? Mike (14:39) Well, I think one of the things that you and I did together in creating the newest version of the course was to look at what do you actually need to practice doing, and it's feasible to practice doing in a classroom setting, versus what should you just kind of talk through. And not everything needs to be practiced to get the hang of it, right? Everybody in the world has taken something big and split it up into smaller things before, right? I need to make. spaghetti dinner tonight. What do need to buy? Right? OK. Well, that's that's that's test decomposition by noodles, by sauce, by tomatoes. Let's make it from scratch. Right. By some garlic. Right. So everybody in the world has done decomposition. We've broken a big thing into small things. And I remember, you know, iterating over I'm still on sprint planning, I guess. But I remember iterating over exercises in sprint planning and in courses over the decades by now. And I would have one where you're planning a party for your kid, break it down into tasks. It's like, nobody learns anything from this. And so that's one where I'd rather say, OK, this problem occurs in sprint planning. How could you solve it? Other things like, let's say, splitting user stories or splitting job stories, that's a skill worth practicing together, getting feedback on. And so those type of things we try to practice in the course. other things we just talk about. mean, I'm curious on your thoughts on that. What do you think about some things being worth practicing, some things worth being better talked about? Brian Milner (16:01) Yeah, I agree. I agree fully. it's, it's, you know, there's some things, it's kind of like what you said before, there's some things that's not worth spending the time on, and it's better to just have a discussion and move on. Mike (16:13) Yeah. Yeah. I guess that's one of the things we always talked about. We always talked about return on investment of the exercise. What's the return on the exercise? And if you're going to have a one hour exercise, cool. One hour exercise. But it better have a pretty healthy return because that's a lot of time in class. And so what's the return on exercise? Is this worth a practice? Is it worth just a discussion? And if we can discuss two hard problems and give people advice on two common problems, they're probably going to face. Brian Milner (16:21) Yeah. Mike (16:41) Might be better than spending 20 minutes practicing something that they've probably done before. Brian Milner (16:45) Yeah, I completely agree. Let's move to the third pillar then, because I know this is a big one, just thinking and talking about the roles. And just as far as communication issues are concerned, even outside of Scrum, I know that's part of the big problem with teams and organizations just not being clearly defined about who does what and who's responsible for each thing. So those misunderstandings are really common failure points. ⁓ Mike (17:09) Mm-hmm. Brian Milner (17:10) How do you see teams getting that wrong and how's that derailing a Scrum team? Mike (17:15) Well, think we see it all the time on Scrum teams between Scrum Master and Product Owner and even the development team, right? Who does what? I was responding to some comments on LinkedIn this morning on some post I'd made last week and somebody had some comments. And it had to do with whether the Scrum Master or Product Owner does something. And it was interesting because in the comments on that post, I... I don't remember which one it was, but I shared a certain perspective. I feel pretty strongly that I have it right. I mean, I this is how we do it. But there were other people saying the opposite, right? And so, you know, these are people that are probably fairly experienced with Scrum, if they're following me on LinkedIn and feel comfortable commenting on a post, probably feel comfortable with it. And so there's a lot of confusion about what role does what thing. And I don't think this is something where the Scrum guy is going to have the answers for you. I think it's, I mean, you can look at the Scrum guy, oh, this. Here's my starting point answer, but we always want to play to people's strengths, right? And if you've got a scrum master who's got a lot of skill in one area, maybe they shift a little work from the PO to themselves, right? With the PO's permission, right? And the opposite, right? Between maybe PO and team. So it's fine to have default starting positions on who does what, but you always want to play to people's strengths. So I think PO scrum master, I think we see it with project managers and scrum masters, roll confusion on those type of roles as well. Brian Milner (18:38) Yeah, completely agree. A lot of those roles that are not named Scrum team roles and how they interact with the team, that's often a source of confusion as well. What are maybe some signs or symptoms that teams might be having confusion or problems in this area that maybe they don't even recognize or realize they're having an issue with roles? Mike (18:59) Any sort of conflicts, right? You know, you and I arguing over which one of us should do something. The other one would be kind of the opposite, which would be like a dropped ball. I was watching some YouTube video. I love baseball. I was watching some YouTube video the other day of like missed catches or something like that. And some team hit a baseball way up in the air and it was landing near three players, right? Three players are all looking at it. Brian Milner (19:12) You Mike (19:23) One guy waves the other two off, he's going to catch the ball and he must have been blinded by the sun because he's like six feet from the ball when it lands on the ground, right? And, you know, if we have a responsibility to catch the ball, run this meeting, right, right the backlog, the kids dropped, right? And so I think either arguing over who does something, two of us trying to do the same thing or neither of us doing it. I don't mean trying to get out of the work, right? All three players have been happy to catch the ball, but I think you've got it. You think I've got it, right? Those type of things are pretty good signs. think getting clarity around these roles can really optimize how a team works. And I think a really key thing here is that it changes over time. So I'll go back to my example of maybe the Scrubmaster has some skills that can help the product owner early on. Because maybe the product owner is new to the company. The product owner doesn't know the product as well. So they might rely on the Scrubmaster for guidance on things. Well, a year from now, we might shift responsibilities a little bit because now the PO is the expert on all things related to the product. So it's not like we want to establish clarity on roles one time and leave it forever. It's going to change. We get a new tester on the team, things might change. Product owner moves. It's going to change again. So we need to realize these responsibilities are dynamic. Brian Milner (20:39) Yeah, that's a great point. Your point about baseball just made me think about how, when you watch any youth sport in the world, when you go watch your kids play a sport, what's the one thing you always hear people scream from the sideline? Talk to each other. Call the ball. Well, that too. That too. Ump your blind. Those kinds of things. Well, let's talk a little bit about Mike (20:52) I thought you were going say, put my kid in. Brian Milner (21:00) I know this course addresses the roles and how would you say this course really helps address that issue of role confusion? Mike (21:07) think a big part of it is that we designed it to be for everybody on the team, right? Suppose you send a scrum master to a class, and it's a great class. Scrum master is going to back to the certain set of impressions about their role. Product owner goes to an equally good class about the product. They might have different impressions. Even if they took the course from the same instructor, they're hearing it a little differently. They're hearing it through their filters, right? And so when they're in a course together, there's more opportunities to clarify their understanding about those things, especially in the classes designed as we did with this one to bring out some of those differences. So I think the course helps with that. we've also designed it to mention the rules we haven't talked about, like managers and things like that. Brian Milner (21:53) Yeah, yeah, I think those are so important. And there's a lot of great discussions that come out when we have those topics. ⁓ Let's talk about the fourth pillar then, teamwork, because this, I think, builds really well on what we just talked about. And the idea that there's actually, Scrum is a team sport. ⁓ So beyond just normal human personality conflict type issues, what do you see that gets in the way of teams actually Mike (21:58) Mm-hmm. Mm-hmm. Brian Milner (22:18) working as a team. Mike (22:19) think ego is probably one, right? I can do everything better, just leave me alone. There's an old book that says basically, beware of a lone developer in a room, right? You know, it was referring to the developer who wants to close their door and say, I'll it done in a month, trust me, right? And one of the companies I worked with, and this one's going back like 15 years ago, but it was a really good story. Brian Milner (22:36) Yeah. Mike (22:43) is they would literally grab one unit of work. Each person on the team would grab a unit of work and take anywhere from three to 12 months to do the thing. So they were big things, but the person would do everything on it. They'd coded, tested everything. And the organization was putting out very little because of this. When they moved to Scrum in the first year, by their estimate, they said they delivered 540 % more work. over five times the amount of new features delivered. And that was through the collaboration, through the short iterations, those type of things. But it was about getting people to collaborate more. So I think there's huge opportunities to do that. One of the problems I see is when we don't overlap work. If we think about that organization I just described, you grab your thing, you're done in six months. I grab mine, I'm done in seven months. If we'd work together on those things, what's not make us any faster? No faster. But you and I could have worked on your one thing and been done in three months. OK, we're delivering value in three months, right? And so one of the things I look for a lot is how much teams are overlapping work, right? And if we're not overlapping work, there's huge opportunities to improve at that. I'll a little example of this. One of my favorite restaurants is, I don't know, barely call it a restaurant. It's a fast food deli. It's called Jimmy John's. Have you been to Jimmy John's, Yeah. Yeah, there's one near my house where I can go there and the wine will be out the door. Right. And you know, normally you see a wine out the door and it's like, crap, I'm going somewhere else. Right. These guys are so fast. They're so fast. When I get to the front, I place my order. I play this little game of can I fill up my cup? You know, I get an iced tea and they give me an empty cup and can I go fill up ice and put the tea in before they hand me my sandwich? And it's about 50-50. Right. It doesn't take long to fill up your iced tea. But the way they do that is the overlap work. As soon as I order my Italian club sandwich, somebody's already got the bread open, somebody's got a slab of meat they're ready to drop on there, somebody else has their hands over the vegetables and they're dropping the vegetables on there, and then a fourth person wraps it up. And so like four or five people touch my sandwich. Hopefully their hands are clean, but four or five people touch my sandwich as opposed to like most delis where I go and it's like you watch one person plod along making the sandwich, right? Overlap work is huge. Brian Milner (25:07) Yeah. Yeah, this episode sponsored by, no, just kidding. Use code Mike Cohn when you go to, no, just kidding. Yeah, I agree. And yeah, yeah, I'm familiar with Jimmy John's. Probably too familiar. ⁓ Yes, yeah, no, that's, I think that's part of their shtick is that they're, you know, they're known for being fast. So yeah. Mike (25:10) You Is yours just as fast? Yeah. Yeah. They call it Freaky Fast. They actually have a competition. I've seen YouTube videos of this where they get like the best teams at various restaurants race, right? And so they have like the Jimmy John sandwich making Olympics or something, but it's a skill. Brian Milner (25:36) wow, wow, yeah. You should pair that up with the hot dog eating challenge in some way and see if we could have a team sport going there. ⁓ Mike (25:48) Well, that's a good point because think about the hot dog eating. That's one guy, right? That's Joey Chesnett shoving hot dogs down. The Jimmy Johns is a team. They get the best crew at a restaurant and it's a team, right? How fast can the team go? Not how fast can one guy make a sandwich, right? Brian Milner (25:51) Yeah. Yeah, yeah. That's awesome. So what are some tips? What are some ways that you can really unite a team, especially those new teams? Because that's the fascination point for me is, how do you take this group of humans that really don't know each other and haven't worked together in the past and unite them together and have them gel as a team? How do you do that? Mike (26:21) I'll give you a couple. One, I think having really crisp sprint goals helps. So we all know exactly what we're trying to get done in the sprint. We don't lose sight of that because sometimes in the middle of a sprint, you lose sight of it. And you get myopic and you just focus on a list of tasks. And I'm going to say that it's probably similar to the team doing sprint planning and just getting them assessed with the numbers. It's not about the numbers. It's not about the tasks. It's about the backlog items that lead to some goal. So crisp sprint goals help. That's a hard phrase. Crisp Sprinkles helps. The other one I'd say is having a shared vision about where you're headed over a little bit longer term. Probably the biggest change to the Scrum Guide ever that I've liked is the inclusion of a product goal. And that was something I'd been talking about forever. mean, literally since I started doing Scrum was that sprinkles are great, but they're pretty short, right? You want to have something bigger. Brian Milner (26:52) It is. Mike (27:14) And so I like having product goals that are a few months out there. And one of the things I like doing for product goals is have teams do something like write a press release that describes their goal or create a vision in some way, write a review that you want to see come out on the App Store, Play Store, and a magazine. And one of my clients made software and they were reviewed by a major magazine and they were given an editor's choice runner up award. And they actually estimated that being runners up for that was probably worth about $10 million. First place, first time was worth about $10 million a year to them. And so they decided to get serious about this and they wrote a review. Their scrum master, she was actually combo scrum master product owner, Erin. She had the team write a review and she said, let's go earn this review. And I literally remember the email I got from her three months later. It was because it was Halloween night. I just like, you know, brought in the candy from outdoors. We're done trick or treating. And I checked my email. I a three word email from her from Erin. said we did it. And the magazine had let her know, hey, we're reviewing you. be out on, you know, like Tuesday's edition. And the review had quotes in there that were from their vision review, right? The things that they had wanted to achieve. Brian Milner (28:22) Ha ha. Mike (28:35) And that team had just really jelled around that and just became so much more productive and collaborated so much better because of that shared vision. Brian Milner (28:43) Yeah, that's amazing. getting back to the course then, I know in the course we're trying to kind of some of those collaboration muscles. What are some of the ways that the course helps to build that? Mike (28:56) think one of the key things that we're doing, and I'm excited about this, is that we're, you know, we of course use Zoom breakout rooms, right? You you go talk about this, we'll see you in eight minutes or something like that. And for this course, we're doing something where a group of three or more, when they register, can have a private breakout room. And this to me is exciting because people get the benefit of having a private breakout room. They can have sensitive discussions if they want. They can talk very specifically about. you know, what do we do about our jerk product owner? mean, whatever it is, right? You know, they can talk about their specific issues, yet have the context of a broader class. Because I think in one of the benefits of any public class is hearing how other teams are doing things. And sometimes that's because you get a good advice, you know, how did you solve that problem? We have that problem. Other times, it's just feeling that you're not alone in the world. they've got that problem too, right? And they don't have any solution for me, but I know I'm not alone in the world with this. And so I like these private breakout rooms for three or more. I think it's a novel thing we're doing with this class. And it's with the intent of combining the best of both worlds of private and public training for this. I'd the other thing is probably consistency, having everybody on the team hear the same message, having those discussions with an experienced instructor like you or me in the room to provide guidance when they have questions. know, go back to the role clarity, right? You know, they can talk about it and they're there. Then they're back in the main room with you or me and we can kind of answer questions. So I think that consistency will be huge as well. Brian Milner (30:25) Yeah, yeah, I love that idea of the private private breakout rooms that that's that's gonna be huge for a lot of people I know. ⁓ Mike (30:31) I'm excited to try it with this. This will be the first classes we do that for. I'm excited about it. Brian Milner (30:36) Yeah, yeah. Well, let's bring it home then and talk about the fifth pillar because the fifth pillar is really interesting as well. It talks about support beyond the team and teams can only do so much. Every team struggles when they're not supported well. And there's lots of studies that show leadership support is one of the biggest hurdles or obstacles to the adoption. Mike (30:46) Mm-hmm. Brian Milner (30:59) What does that support look like from outside the team and how can a team influence that? Mike (31:06) Yeah, if you're trying to be agile and your HR group has quarterly reviews of personnel that are all based on individual performance and has nothing to do about teamwork in there, it's going to be hard to focus on collaboration. So we have to kind of fix these issues. I think what we have to do here is to have team members educate those outside the organization. And we have information that we share about, you here's how to talk to a boss that's maybe mandating deadlines, things like that. And so we try to coach people through having some of those challenging conversations. And one of things I want teams to do is kind of become an example of what good agile looks like. And if you have a team that's excelling with agile and they're doing it from a kind of principles first, that mindset first approach. You're going to see other groups look at that and let's say the marketing group. They're going to look at that go, hey, that's an interesting way to work. I wonder how we could do that, right? And it's going look different for a marketing group than a tech team. the mindset is going to be the same. Principles will still be the same. And so when we get teams to do really well with this, other parts of the organization start to get interested. And then they stop being as much in our way. Brian Milner (32:20) Yeah. I know one of the most important aspects here and that we talk about is, is that you don't need to, to wait, right? If you're the team level, you don't have to just sit around and wait for the organization to make changes. you, you have opportunities to make changes as well. So how does that happen? How's the team change, you know, bring about those changes that, improve the agile process, the results. Mike (32:42) I think that's by being the example so that people see it. I think it's by having those conversations. You know, one of the things that we'll get is, you know, it's so common is the product owner that wants to change their mind all the time. I was reading something, I guess this is in our Agile mentors community, I think is where it was, but it was about the, you know, the product owner who said his favorite thing about Agile is that he can reprioritize every week. ⁓ And it's like, you can, you know. Brian Milner (33:05) Hmm. Yeah Mike (33:10) I'm not sure it's good. And I think about that, a team gets momentum, right? And you're working on a certain feature. Next sprint, it would be nice to work in that same area of this system, right? Your head's there. Just kind of keep going a little bit. And I've often described this as like, let's say you're working on three backlog items that are in a certain area of this system. Let's make it concrete. Let's say it's the spell checker in Microsoft Office, right? And you do three backlog items related to the spell checker this sprint. Next sprint, maybe your top priority is not more spell checker stuff, but maybe items, I don't know, 25, 26, and 27 on the backlog are still in the spell checker. You know what? It might be better to do those. There are probably two or three sprints away. Let's bring them into this sprint. Just get them done while my head's into spell checking. And so getting product owners or stakeholders to stop doing that, one of the ways that I like to talk about doing that is using an example of ordering a meal at a restaurant. I can order, let's say, the chicken entree. And then as the waiter is taking the orders around the table, I change from chicken, no, bring me the fish. Not a big deal. The waiter is going to cross off chicken and write down fish. If the waiter goes away, brings me back my salad, and I change my mind then, I say, hey, bring me the fish. Might not be a big deal. It's going to be a big deal if I've already taken three bites of the chicken. right? Or if he brings me the chicken. So yeah, we can change our mind, but there's a cost, right? And we want to educate stakeholders about that cost. They don't overdo it. Brian Milner (34:31) Yeah. Yeah. Well, speaking of the leaders and the organization, managers, leaders, do you think this course is appropriate for managers and leaders to attend as well? you feel like they might need to in order to really have this be an impact? Mike (34:55) Yeah, that's a good question. Is it appropriate? Yeah, I think it's appropriate. When we do this privately, we've had plenty of leaders and managers attend. I think it's great. I don't think that's required because they're not on the Scrum team. You said the name of the course is working on a Scrum team. And so they're not on the Scrum team. They benefit by knowing more how their Scrum team works. But I think what we found is that having just a key subset of people who hear the same message work through the training together, and then go back to the organization. That's enough to bring the passion, conviction, and skills that we want. So we don't truly need leaders. They're great. I would never talk a leader out of going, but I wouldn't. If I were a team and I could take the class this month or with my leader next month, I would just get the class done, right? And educate the leader afterwards. Brian Milner (35:41) Yeah. Yeah, yeah, I think that's a good plan. All right, well then we've made our way through the five pillars and for people who have come this far with us and are at this point, if they're listening and they're recognizing some of these problems we've been talking about, what would you recommend to them as next steps here? Mike (35:49) if Well, take a look at our website. If you go to mountaingoatsoftware.com. And then I think there's a courses link on the top. You can go up there and find the link to this course. It's an exciting one that we're doing. I've literally been teaching this, I think the first time I taught a class called Working on a Scrum Team was 2003 or 2004. it's a time tested course. You and I kind of redesigned it a couple of months ago to make it appropriate for public. or little better just in general and more appropriate for public. But it's a time-tested course that's now designed to be available for public settings instead of, you know, have to have 25 people or something. Brian Milner (36:36) Yeah, yeah, that's really exciting. I can't wait to see kind of how people are in, you know, react and interact in the course to some of these concepts and ideas. And we'll, we'll of course link to all these things that we've talked about in our show notes and make it easy for everyone to find the course listing and, and, you know, where the dates and everything that we're going to offer them. So make sure to check that out. Mike, thanks so much for coming on. This has been really enlightening and I appreciate you making time for it. Mike (37:01) Of course, thanks for having me, Brian. Always a pleasure.
The governor of Texas is demanding Democratic lawmakers return to the state. Will the FBI become involved? Plus: Republicans in Congress put the spotlight on Bill and Hillary Clinton over the Epstein scandal. Also on today's show: The damning new findings in the Titan submersible implosion ... Diddy's lawyers say he deserves a pardon ... 80 years since the unleashing of the atomic bomb, how safe are we now from the threat of nuclear war? Learn more about your ad choices. Visit podcastchoices.com/adchoices
Send us a textAngelica Cheri swung by Playwright's Spotlight after leaving the rehearsals of her Broadway play Wanted only to jump into the rehearsals for the West Coast Premiere of her play Burta Burta. She was wiling to share her insights of the craft. We delve into the rehearsal process, approaching rewrites and the importance of dramatic truth, finding opportunities and landing an agent, changes to pieces from a thesis to premieres to publication. We also touch on the trick of raising stakes, the structure of a song in musical theatre, magical realism and laying breadcrumbs, achieving foreshadowing, playwriting vs musical theatre, and how analytics can rename a play. We wrap it up discussing the struggles with the business of playwriting as well as with the craft itself, the differences between structure vs form, approaching character and the math in human emotion, and, finally, creative license. It's a talk chock full of nuggets of theatrical knowledge that I took a lot from. Enjoy.For tickets to the West Coast premiere of her play Berta Berta that which runs through August 25th at the Echo Theater Company in Los Angeles, visit https://www.echotheatercompany.com/berta-berta.Angelica Chéri is a playwright, bookwriter, lyricist, screenwriter and poet. Her plays include Phenomenal Woman, Maya Angelou; The Seeds of Abraham; The Sting of White Roses; Crowndation; and The Wiring & the Switches. She and collaborator Ross Baum received the Richard Rodgers Award for their musical Wanted (formerly titled Gun & Powder), which is heading to Broadway next season. She received her BA in Theater from UCLA, MFA in Playwriting from Columbia University and MFA in Musical Theater Writing from NYU.To watch the video format of this episode, visit https://youtu.be/ul3ThJixBRkLinks to resources mentioned in this episode - Playwright's Bill of Rights - https://www.dramatistsguild.com/rightsThe Richard Rogers Award - https://www.artsandletters.org/rodgers-awardThe O'Neill - https://www.theoneill.org/monte-cristo-awardNational Alliance for Musical Theatre - https://namt.orgCleveland Arts Prize - https://clevelandartsprize.orgTheatrical Works Worldwide - https://www.theatricalrights.comWebsite and Socials for Angelica Cheri -www.angelicacheri.comIG - @angleicacheriFB - https://www.facebook.com/angelicacheriWebsites and socials for James Elden, Punk Monkey Productions and Playwright's SpotlightPunk Monkey Productions - www.punkmonkeyproductions.comPLAY Noir -www.playnoir.comPLAY Noir Anthology –www.punkmonkeyproductions.com/contact.htmlJames Elden -Twitter - @jameseldensauerIG - @alakardrakeFB - fb.com/jameseldensauerPunk Monkey Productions and PLAY Noir - Twitter - @punkmonkeyprods - @playnoirla IG - @punkmonkeyprods - @playnoir_la FB - fb.com/playnoir - fb.com/punkmonkeyproductionsPlaywright's Spotlight -Twitter - @wrightlightpod IG - @playwrights_spotlightPlaywriting services through LACPFest - www.lacpfest.comSupport the show
This week on The WatchTower Film Podcast, we're officially launching The Brow Month—our deep dive into the wild, legendary world of Martin Scorsese. And there's no better place to start than Goodfellas—the mob movie that redefined the genre (and the tracking shot).We break down the film's electric style, unforgettable characters, cocaine-fueled chaos, and why Scorsese's fingerprints are all over modern cinema. From freeze frames to mob betrayals, it's fast, funny, brutal, and endlessly rewatchable.Just don't ask how many takes the Copacabana shot took. We're talkin' here.
In this shocking true crime story, fugitive Austin Robert Drummond — also reported as Andrew Drummond in early media confusion — is on the run after allegedly murdering four family members in cold blood in Tiptonville, Tennessee. Welcome to Surviving The Suvivor, the show that brings you the #BestGuests in all of #TrueCrime. In this STS episode, Host Joel Waldmans brings us up to date on this active true crime case as it unfolds. The victims have been identified as 28‑year‑old James M. Wilson, 20‑year‑old Adrianna Williams, 15‑year‑old Braydon Williams, and 38‑year‑old Cortney Rose, all relatives of a 7‑month‑old girl miraculously found abandoned and unharmed. Drummond is wanted on four counts of first‑degree murder, aggravated kidnapping, and firearm possession. Authorities warn he is armed and extremely dangerous, with his abandoned car located near Jackson, TN, and a $15,000 reward posted for information. Police are asking anyone who sees this man to be careful and to call police immediately.More of STS:Links: Https://linktr.ee/stspodcastGet Joel's Book: Https://amzn.to/48GwbLxSTS Merch: Https://www.bonfire.com/store/sts-store/Support the show on Patreon: https://www.patreon.com/SurvivingTheSurvivorCatch us live on YouTube: Surviving The Survivor: #BestGuests in True Crime - YouTubeVenmo Donations: @STSPodcast or Https://www.venmo.com/stspodcast
Do you lie awake at night, feeling that nagging urge to throw in the towel even though your business is thriving? Many women entrepreneurs hit their revenue goals, have adoring clients, or finally upgraded their systems. Yet, they still fantasize about walking away for something simpler, like becoming an employee again or living in the Swiss Alps as a dog walker. However, what looks like craziness or ungratefulness on the surface is just a sign of a much-needed internal shift. In this episode of She Thinks Big, you'll learn why you feel like shutting your business down even when everything looks perfect on the surface. I'll teach you why burnout isn't from your efforts, why success can feel like a trap, and the crucial role of your mindset, self-talk, and support system in sustaining your entrepreneurial journey with renewed energy, power, and purpose.1:20 - Why you're not crazy or ungrateful if you want to quit or burn it down4:24 - Why it's about your brain, not your business being broken6:52 - Why mindset is a daily recalibration, not a bubble bath10:18 - Why you need new self-talk, not a new strategy (with a personal example)16:24 - Why who you surround yourself with matters more than you think20:35 - Take five minutes to answer these four questions Mentioned In I Built the Business I Wanted, So Why Do I Feel Like Quitting?She Thinks Big by Andrea LiebrossAndrea's LinksBook a Call With AndreaAndrea on LinkedIn, Instagram, and FacebookYou don't need is another endless list of ideas or tools or generic advice, what you do need is personalized clarity. Well, good news. I've created something just for you, my brand-new quiz called, Are You Ready to Scale Big? Pinpoint exactly where you are in your entrepreneurial journey and get the customized guidance you need to unlock your next big step at andrealiebross.com/quiz.
Tom Korski Managing editor Blacklock's Reporter joins Alex Pierson to discuss: Canadian Postal Workers shot down the Canada Post's latest proposal, offering hikes of about 13 per cent over four years and restructuring to add part-time workers to the deal. 68.5% of members voted against the deal. 30% Wanted a deal. https://www.blacklocks.ca/were-watching-says-hajdu/ The Commons transport committee has summoned all confidential records detailing $1.1 billion in federal financing to buy Chinese-made vessels for B C Ferry Services Inc. “We can stop this loan,” https://www.blacklocks.ca/mps-demand-china-contract/ A lawyer at the Department of Finance is the first federal employee to withdraw tweets under a new Treasury Board policy prohibiting vulgar and partisan social media posts. He tweeted 9 to 10 times in a typical workday including messages ridiculing Conservatives and profane posts like one that boasted: “The nice thing about being in government is being able to introduce laws that allow you to f—k up without people being able to sue you for it. https://www.blacklocks.ca/twitter-code-hits-first-staffer/ The federal prison system now has more employees than inmates, according to Correctional Service figures. It follows a finding by the Correctional Investigator that Canada has one of the costliest prison systems in the world. The “more than 20,000 employees” outnumber 14,837 inmates in 43 federal penitentiaries, figures showed. https://www.blacklocks.ca/staffers-outnumber-inmates/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dozens of Democratic lawmakers are wanted by police in Texas. They're vowing to fight fire with fire after fleeing their home state. Plus, Israel's prime minister wants to go all-in on the Gaza strip, but wouldn't that put the hostages at risk? Also on today's show: What's going on with Marjorie Taylor Greene? The MAGA firebrand could be going rogue on the Republican party. And fed-up constituents face lawmakers in a town hall, demanding answers on everything from the Epstein files to the big, beautiful bill. Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this episode of Empowered with Gina, Gina Zapanta sits down with Margherita Giubilei — a driven, resilient, and inspiring attorney at Alder Law whose journey from a small town in Italy to the courtrooms of Los Angeles is anything but ordinary.At 19, Margherita left behind comfort, family, and everything familiar to chase a dream across the world. With no connections, limited English, and nothing but grit, she carved a path for herself — first as a collegiate athlete, then as a law student, and now as a rising trial lawyer in one of California's top plaintiff firms.Gina and Margherita dive deep into what it really takes to build a life on your terms: sacrifice, self-belief, and an unshakable vision. They explore the cultural and emotional weight of leaving family behind, the fear and freedom of motherhood, and the power of doing the scary thing anyway.Margherita's story will challenge you to stop waiting for the “right time” and start betting on yourself. Because the life you want? It's waiting on the other side of your comfort zone.
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A scuplture called “The Scroll” once had a prominent spot in downtown Minneapolis. It stood in front of the old central library for more than 4 decades. Alicia Eler, the Minnesota Star Tribune's visual art reporter and critic, joins host Erica Pearson to tell the story of how the sculpture narrowly missed ending up in a scrap heap when the library building was demolished to make way for a new one.
We always learn lessons from Hill Notes!
Join the gang this week as we discuss the #SydneySweeney #AmericanEagle controversy, the #ShannonSharpe lawsuit, some SPORTS TALK, the new #Spiderman movie/#MCU, bisexual helicopters, and much more this week on #TheHangoverPodcast
Hello our regular listeners it's time for a new format. This month we start with our first episode covering a Doctor. The way this worked I found a guest to join me, This month it is Rob Brown from Nostalgia Tours. Then we pick either a Doctor or a Season. Then randomly pick the Doctor or the Season. So our first selection is Peter Calpaldi - The 12th Doctor 2014-2017 - 3 Seasons -35 Stories - 40 Episodes Companions - Clara Oswald - Jenna Coleman, Bill Potts- Pearl Mackie, and Nardole - Matt Lewis Please check out Rod's podcast Nostalgia Tours https://podcasts.apple.com/gb/podcast/nostalgia-tours/id1793987131 Logo by Melvin Pena Original Logo by Victoria Wheeler
Bid on Draft-A-Thon items here! https://tiltify.com/@cbs-sports/fft-draftathon-2025 Vote for Fantasy Football Today in the "Sports" category: https://podcastawards.com/app/signup We're breaking down the latest headlines, including Travis Hunter's (3:00) plan to play every snap, Sean Payton calling (4:20) R.J. Harvey “exceptional,” and what a split workload means for Aaron Jones (7:06) and Jordan Mason. Then it's the main event: our “Most Wanted” lists — the players Dave, Heath, and Jamey are targeting in every draft. Dave's (13:30) eyeing Christian McCaffrey (13:37), Nico Collins (16:40), Bucky Irving (19:10), and more. Heath (25:00) is all-in on De'Von Achane (25:16), D'Andre Swift (27:33), Justin Fields (32:27), and others. Jamey's (34:00) list includes Drake Maye (34:10), Jordan Mason (34:35), and David Njoku (39:15). We wrap up with (41:15) #AskFFT, answering your best fantasy football questions. Fantasy Football Today is available for free on the Audacy app as well as Apple Podcasts, Spotify and wherever else you listen to podcasts Watch FFT on YouTube https://www.youtube.com/fantasyfootballtoday Shop our store: shop.cbssports.com/fantasy SUBSCRIBE to FFT Dynasty on Apple: https://podcasts.apple.com/us/podcast/fantasy-football-today-dynasty/id1696679179 FOLLOW FFT Dynasty on Spotify: https://open.spotify.com/show/2aHlmMJw1m8FareKybdNfG?si=8487e2f9611b4438&nd=1 SUBSCRIBE to FFT DFS on Apple: https://podcasts.apple.com/us/podcast/fantasy-football-today-dfs/id1579415837 FOLLOW FFT DFS on Spotify: https://open.spotify.com/show/5zU7pBvGK3KPhfb69Q1hNr?si=1c5030a3b1a64be2 Follow our FFT team on Twitter: @FFToday, @AdamAizer, @JameyEisenberg, @daverichard, @heathcummingssr Follow the brand new FFT TikTok account: https://www.tiktok.com/@fftoday Join our Facebook group https://www.facebook.com/groups/FantasyFootballToday/ Sign up for the FFT newsletter https://www.cbssports.com/newsletter To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
The most radical piece of legislation in the 20th century was Louisiana Governor Huey Long’s “Share Our Wealth Plan,” a bold proposal to confiscate individual fortunes exceeding $1 million to fund healthcare, free college education, and a guaranteed minimum income for families struggling through the Great Depression—a plan so radical it sparked theories that his 1935 assassination was orchestrated to silence his challenge to the economic elite. From his early days as a plain-speaking lawyer to his transformative tenure as governor and U.S. senator, Long’s media mastery, colorful antics—like coaching LSU football from the sidelines and delivering drunken speeches—and relentless fight against oligarchies cemented his reputation as the greatest politician of the 20th century. His influence on Roosevelt’s New Deal and parallels to modern figures like Donal Trump and Bernike Sanders reveal a recurring pattern of populist fervor in American politics. Join Scott as he discusses these themes with Thomas E. Patterson, author of “American Populist: Huey Long of Louisiana, to uncover how Long’s vision continues to resonate today.”See omnystudio.com/listener for privacy information.
INTRO (00:23): Kathleen opens the show drinking a Swarm Golden Ale from Exile Brewing Company. She shares her sentiments over the passing of Ozzy Osbourne, reminiscing how excited she was to see his Blizzard of Oz tour in St. Louis when she was a teenager. TOUR NEWS: See Kathleen live on her “Day Drinking Tour.” COURT NEWS (20:51): Kathleen shares news announcing that Stevie Nicks is re-releasing the Buckingham Nicks album, and Snoop Dogg released a new album. TASTING MENU (3:47): Kathleen samples Town House Everything Pita Chips, and Doritos Twisted Queso chips. UPDATES (25:54): Kathleen shares updates on “Chimp Crazy's” Tonia Haddix recent arrest, the last Sear's store in the US is closing, and Prince Harry offers his diary to the Royal family. HOLY SHIT THEY FOUND IT (40:05): Kathleen reveals that a 50,000 year old extinct lion was found in Siberian permafrost, and a 3-year-old boy discovers a $4M 16th century gold pendant in the UK. FRONT PAGE PUB NEWS (48:30): Kathleen shares articles on Pope Leo extending his summer vacation, the Vatican is soliciting hot priest influencers to connect with young Catholics, Augusta's Hooters location is permanently closed, full-time cheetah monitors are being hired in Mozambique, wealthy Telluride residents fight over 14 parking spots, Canada has been named the most loved country in the world, hordes of tarantulas are coming to the Southwest, and Pope Leo extends his vacation. TOURONS (43:02): Kathleen reports on a man in the Philippines attempting to take a selfie in an alligator pond, and a car carrying 5 people runs off the road and into a hot Yellowstone geyser. SAINT OF THE WEEK (1:16:25): Kathleen reads about St. Ignatius of Loyola. WHAT ARE WE WATCHING (14:35): Kathleen recommends watching documentary “God Bless Ozzy Osbourne” on Prime Video, and “Being Evel,” the Evel Knievel documentary on Amazon Prime Video. FEEL GOOD STORY (1:15:15): Kathleen reads highlights of Colorado's construction of the “world's largest” wildlife overpass on I-25 between Denver and Colorado Springs.