1/5 Who is @CoromandelCap? An asset-based lender (e.g. royalties, crypto, unsecured/secured consumer/business, SaaS, etc.) providing lines of credit to fintech/specialty finance Co's that've raised a Seed to Series B. If there is an asset to attach to and value, we can fund it!
Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren
She must be so proud to add another casket to her achievements.
Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30+ smaller airports lose service.
JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes.
The combined company would have held 9% of the US market against a Big 4 that already owned 80%.
For anyone who understands numbers: 9% isnât a monopoly against 80%.
Warren said no.
She wrote letters. She pressured Buttigieg. Bidenâs DOJ sued. A federal judge killed the deal in January 2024.
Her argument: the merger would cost consumers $1 billion a year.
Now look at her collateral damage she dusts under the rug.
510 pilots gone in the months after. 1,800 flight attendants furloughed in December.
14,000 jobs in 2023. 7,500 last week. Zero tonight.
And thatâs just the people in Spirit uniforms.
Catering goes. Fuel guys go. Baggage crews, gate agents, airport coffee shops, hotels and rental cars in 70 cities Spirit flew to. Every airline job carries 3 more on its back.
40,000 people out of work because of one womanâs moronic crusade against the market.
And the math ainât mathing.
Spirit abandoned 90 routes during the death spiral. Fares on those routes are up 14% on average. Oakland to Newark: $135 to $288. Fort Myers to San Juan: $92 to $219. Kansas City to Newark up 66%.
Thatâs reality. Not some BS number from a âstudy.â
So @SenWarren tell me how this saves the consumer money?
Cheap carriers in a market drop fares 21% across the board. Southwest did this in the 90s and saved Americans $68 BILLION over 20 years.
Warren killed it. Thatâs what moronic politicians led by socialism do.
Then with her own blind arrogance, she tweeted Spiritâs collapse is âa Biden win for flyers.â
A win.
14,000 people are reading termination letters tonight.
And sheâs taking credit.
This is socialism in 2026.
A senator whoâs never made payroll thinks she knows how to run a market better than the people who own and work in the company.
She saved you a billion on imaginary paper.
She cost you ten times that in real life.
She didnât protect consumers from anything.
14,000+ will go from working to welfare.
She will make sure to blame billionaires, hardworking tax payers, AI, capitalism and whatever monster they will make up tomorrow hiding under your bed.
Higher taxes. Fewer jobs. More expensive everything.
She called it a win. I hope you enjoy winning.
Veteran buried his eldest and itâs not looking good for his two others.
Posting for any connections, help that can be made while they fight for time.
How @elonmusk thinks about money:
âElon would always be at work on Sunday, and we had some chats where he laid out his philosophy.
He would say that everything we did was a function of our burn rate and that we were burning through a hundred thousand dollars per day.
It was this very entrepreneurial, Silicon Valley way of thinking that none of the aerospace engineers in Los Angeles were dialed into.
Sometimes he wouldnât let you buy a part for $2,000 because he expected you to find it cheaper or invent something cheaper.
Other times, he wouldnât flinch at renting a plane for $90,000 to get something to Kwaj because it saved an entire workday, so it was worth it.
He would place this urgency that he expected the revenue in ten years to be ten million dollars a day and that every day we were slower to achieve our goals was a day of missing out on that money.â
âThe future belongs to the consistent. Not the talented. Not the lucky.
But the ones who show up, even when it is hard. Show up. Effort does not betray you.â
You have more influence than you think. Are you stewarding it?
Most people are waiting for a bigger platform before they start being intentional about their influence. But the truth is you already have one.
In your home, your workplace, your relationships. The question was never whether you have influence.
It's whether you're being a good steward of what you've already been given.
âA shark in a fish tank will grow 8 inches, but in the ocean, that same shark would grow over 8 feet.â
Environment can stunt you.
You probably know you can be bigger than your current tank.
Look around and position for growth...
Fear doesn't shrink when you wait it out. It grows. Every time I've walked towards the thing that scared me, it got smaller. Every time I avoided it, it grew bigger. Move towards it. Even an inch at a time.
A friend of mine used to say: âShow up on time, with a good attitude, and do what you said youâd do. Thatâs it. Thatâs 90% of winning in life." The older I get, the more I realize just how right he was.
Cliffwater is a $33B fund invested in 50+ other funds that are all gating simultaneously.
$4.6B in unfunded commitments. 14% redemption requests. S&P negative outlook.
âIt all works great when no one wants their money back.â
@geswolfcrest@ADHD_Capital Nah, pretty common to have the ability to cross trade with old LPs with new LPs or use excess bank leverage to give liquidity to old LPs, but IMO using a self-liquidating share class is the most prudent thing to do & what we manage investors expectations to as a baseline