Blvd Equity @BlvdEquity - Twitter Profile

Suggestion: Focus hiring on people who are actually interested in the company's vision or long-term goals and not just the dude bros and HR girls from Harvard and all the other schools that have destroyed their prestige and reputation. Where’s the story now of hiring a guy who walks in off the street and cares? Oh, it doesn’t exist because people like you propped up BS pedigree over actual motivated and results-oriented individuals rather than prioritizing impressive academic titles or credentials. Over time, operational teams can expand with high-cost roles that add limited value—especially in support functions like HR and compliance. Valuing employees who take ownership and deliver makes a bigger difference than layering on bureaucracy. Many companies should be rethinking this approach to control costs and improve culture. Why not lead the way?

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Blvd Equity

@BlvdEquity

3 months ago

@BoucherNicolas Vault

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@BlvdEquity

3 months ago

@JesseBWatters https://t.co/dZsWnpIeNj

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@BlvdEquity

5 months ago

@Mark_Sisson @robbwolf I enjoyed his theories on the economics of extreme events. Fascinating.

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@BlvdEquity

5 months ago

@Mark_Sisson You're describing my wife and I live on the SS of Chicago.

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@BlvdEquity

6 months ago

@briantownley @Hillsdale @A_B_Russell How did they get in? It seems very difficult.

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Farzad 🇺🇸 🇮🇷

@farzyness

6 months ago

Absolute must read. If you’re a doer, and are comfortable with risk, there’s no better time in the entire history of humanity to be alive than right now.

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@BlvdEquity

6 months ago

@JoePompliano It's an example of why yield is more important than Return of Capital (ROC). Perpetual yield and permanent capital is the way...

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Bill Ackman

@BillAckman

6 months ago

.@elonmusk, what if we took @SpaceX public by merging it with Pershing Square SPARC Holdings, Ltd. (SPARC) a new form of acquisition company that was approved by the @SECGov. We could distribute SPARC special purpose acquisition rights (SPARs) to @Tesla shareholders so that all Tesla shareholders would have the right to invest in the SpaceX IPO, or they could choose to sell their SPARs to someone else. This would reward loyal Tesla shareholders with the opportunity to invest in SpaceX (or with cash for their SPARs), while totally democratizing the IPO process. In addition to receiving common stock in SpaceX, exercising SPAR holders would also receive Pershing Square SPARC Holdings II SPARs, which we could use to take @xai public at the time of your choosing. Pershing Square would due diligence on behalf of all shareholders and would commit $4 billion of capital to the IPO at a fixed price per share. SPARC has no underwriting fees, founder stock or shareholder warrants, and we would waive our right to receive SPARC sponsor warrants. The result would be an IPO without any underwriting fees or dilutive securities issued. @SpaceX would go public with a 100% common stock capital structure and it would not incur any transaction costs other than modest legal fees which SPARC would pay from its cash on hand. We could raise whatever amount of capital you would like by adjusting the exercise price of the SPARs. Assuming we issue 0.5 SPARs for each share of Tesla, there would be 1.723 billion SPARs outstanding including the 61.1 million SPARs that are already outstanding. Since one SPAR would be exercisable for two shares of SpaceX, the SPARs would be exercisable for 3.446 billion total SpaceX shares. So, if we set the SPAR exercise price at $11.03, SpaceX would raise $42.0 billion, $38 billion from the exercise of SPARs and $4 billion from Pershing Square, or if we set the SPAR exercise price at $42.0, SpaceX would raise $148.7 billion, $144.7 billion from the SPAR exercise and $4 billion from us. SPARC is indifferent to how much of the shares are primary versus secondary shares giving the company maximum flexibility. We could do due diligence and enter into a definitive agreement committing to the transaction within 45 days, at which point it would be certain that SpaceX would go public at a fixed valuation subject only to SEC approval of the merger proxy/registration statement. Our commitment to the transaction would not be subject to market conditions. We could start work right away and announce the transaction by mid- February. It only seems appropriate that the most innovative and efficient rocket company in the world should go public in the most innovative, efficient, and fairest-to-Tesla-shareholders manner possible. To Mars and beyond! What do you say?

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@BlvdEquity

6 months ago

@JackCarrUSA Watched it 100 times.

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SMB Attorney

@SMB_Attorney

7 months ago

Not too long ago, one of our private equity clients bought an automotive care center as a tuck-in deal doing $500K EBITDA for $600K. Total purchase price was about $2.4M, and roughly $1M of that was the real estate. At closing, they turned around and sold the real estate to a REIT for $1.8M, creating an $800K gain. Net result: they effectively paid $600K for a business doing around $500K in EBITDA. Because of the roll-up and multiple expansion, that $500K of SDE was worth about 8x inside the platform. So they bought a $500K SDE business for $600K, and it slotted into a platform where it was worth roughly $4M on their model. This is the power of a sale-leaseback. Two big caveats: you’ll likely owe capital gains on the excess, and you need to be sure the business can actually afford the new lease payments. Plenty of big names have gotten this wrong, including the PE fund that acquired Red Lobster.

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SMB Attorney

@SMB_Attorney

7 months ago

The best kept secret in M&A: The sale-leaseback

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