Ben Carpel

Successful exit to an $18bn PE firm. Now building 2 more software cos. Follow for 10 yrs of entrepreneurial learnings. Previously $3bn invested in HF/PE career.

[Ben Carpel @CarpelDiem]

@aifutureproof Incredible shots ! And on film. Beautiful photography sir.

[Ben Carpel @CarpelDiem]

@MatznerJon A beaut. Serendipity babyyy. HNY brother!

[Ben Carpel @CarpelDiem]

@OneManLBO I had a similar background as you and when I did it, it became one of the more defining moves of my life. The path you’re taking is absolutely worth it, and you’ll knock it out of the park. Best of luck and see you around !

[Ben Carpel @CarpelDiem]

@braden_live @bentigg @stevanslusher ... and last but not least, congrats and thank you for your service!

[Ben Carpel @CarpelDiem]

@braden_live @bentigg @stevanslusher ... on 2nd Q) I guess the ol' "it depends". Yes, sometimes insufficient. *Can be* sufficient if GP doesn't have $, but they REALLY have to have a lot to lose post-close. Cash $ contributed by GP is a real signaling effect re: skin in game. This space but other asset classes too

[Ben Carpel @CarpelDiem]

@bentigg @stevanslusher @braden_live ...obviously as you well know, some of those deals get done and they clear the market (BUT with LPs not really knowing they, the LP, could do much better). To many others who *otherwise would invest*, the ask is a red flag on GP as soon as they see it. Agree? Thoughts? <end>

[Ben Carpel @CarpelDiem]

@bentigg @stevanslusher @braden_live ...so we're seeing too many GPs do this "step up" (implicitly or explicitly) to try to own 70-80%+ of common with no/minimal skin in game, but it ignores the debt, which LP payment streams are also affected by (again, conflates the EVs, as another reply below mentions) (con't)...

[Ben Carpel @CarpelDiem]

@abbasjessa @REconveneLA @CaseyMericle @RussellLowery10 @davidclarkmoore @codylittlewood @tommywarboys @jdmiser Right back at you Abbas, and same to the rest of you!

[Ben Carpel @CarpelDiem]

@NowackKatarzyna Check out @NorthmanTrader and @DiMartinoBooth , as some favorites plus probably a bunch more I’m forgetting. Maybe @themarketear for data updates. Enjoy and have a good day!

[Ben Carpel @CarpelDiem]

@nathanfielder Thank you sir. Please see IG DM for a nice one (had a Q on that for you). Also big merch order coming for you too.

[Ben Carpel @CarpelDiem]

@ArifHasanNFL @LukeBraunNFL Ahh yes these ones from your articles. Thanks guys! 🏈💜💛

[Ben Carpel @CarpelDiem]

@geniuslink Thanks guys. Would love to learn more about your product (incl Choice Pages) and have a few specific questions. Which would be the best email?

[Ben Carpel @CarpelDiem]

@nathanferickson Agreed. And then one wonders if they drop to $100-$110 like some equity research has pegged? Wild times.

[Ben Carpel @CarpelDiem]

@jburnmurdoch rolling avg

[Ben Carpel @CarpelDiem]

@MatthewLevyCFA @rjgcoach @leadlagreport Not flattening (yet) :( as that chart looks like a log scale. See daily data today 4/6/20 - on a linear scale still skyrocketing unfortunately :-/

[Ben Carpel @CarpelDiem]

@NBandujo @korlando2251 Look at how page 11 (No) and page 8 (example 2) (Yes) contradict. Of course this is happening rn ha

[Ben Carpel @CarpelDiem]

@isdtaxlaw @TaxHacker Look at Page 8, Example 2 tho - ICs are included here - believe as of 4/2/20 evening it still counts, which is what guidance seemed to be earlier this wk #taxtwitter