LPWhisperer

News & Insights for RE LPs

Uncovering GP nonsense

Sharing insider information & rumors (with disclaimers)

Investigating GPs for LPs

[LPWhisperer @LPWhisperer]

This is the beginning of the conversation that Chris Powers and Scott Everett are referring to as extortion.

They hired someone most likely to pretend he and his brother are LPs in Chris’ Fort Capital.

I offered a service that would include consulting and providing extra docs

[LPWhisperer @LPWhisperer]

@thecolbymeyer @MichaelWSpike So Cage is a certified flight instructor... you learn something new on the internet every day lol.

[LPWhisperer @LPWhisperer]

Codie Sanchez is an entertainer who made up her past. Her story is embellished and / or totally false.

There is nothing real in anything she says.

Relying on her to teach your about the true cash cost of buying a business in like learning to fly from Nicholas Cage (iykyk).

[Jamie Odegaard @JamesOdegaard]

This seller financing mysticism has to go

[LPWhisperer @LPWhisperer]

@TheReal50972902 @NeoFAF We buy businesses on today's metrics, not on what can be. And paying 9 times EBIDTA for a commodified agency service is 3 times *crazy*.

[LPWhisperer @LPWhisperer]

Marshall's secret weapon was finding 3 jabronis, namely Nick Huber, Shaan Puri and Sieva Kozinsky, who paid 9x EBIDTA for a business type that regularly trades at 3.5-4.5x EBIDTA.

They paid $52,000,000 for a business that did $6M in EBIDTA where they should have paid $20M max.

[LPWhisperer @LPWhisperer]

@TheReal50972902 @NeoFAF They sold a company on future revenues? hahahahaha

So a buyer paid for the work they'd do for the first 1-2 years lol. That's not real.

[LPWhisperer @LPWhisperer]

@FilmUpdates Finally a casting couch that isn’t black leather.

[LPWhisperer @LPWhisperer]

The only business saying more cringe than "Founder Mode" is "In the arena trying stuff."

[LPWhisperer @LPWhisperer]

@mrfboyer When I find the $6M in writing I’ll tag you

[LPWhisperer @LPWhisperer]

@mrfboyer That’s what they said publicly (I’ll tag you if I find it again, but yes the founder said it was that I believe). They ran FB ads like crazy if I’m not mistaken and used affiliates like Nick for years.

[LPWhisperer @LPWhisperer]

@Tahersavliwala No way!

[LPWhisperer @LPWhisperer]

Scott Everett casually comitting a felony by blackmailing me saying "either give me the login to your account by EOD or I will file criminal charges against you" (who he thinks is Kostecki but is ofc not).

This is textbook blackmail and it's in writing smh.

[LPWhisperer @LPWhisperer]

@randolphkwatson That’s a small part of it and that’s crazy all together.

Why would I give him my account?

He could say stop doing what your doing but not give me your account. Can I tell him to give me his house or I’ll tell his kids’ teachers he’s paying their mom to sleep with him? (I’m not

[LPWhisperer @LPWhisperer]

@legal_entities “Hand over your LPW account by day’s end or I’ll file criminal charges”. Your not THIS stupid, right?

[LPWhisperer @LPWhisperer]

@randolphkwatson "If you don't give me the account."

[LPWhisperer @LPWhisperer]

@SuperBadGPT @darrenmarble I'm talking about a significant company / business. Viewweb sold for less than $50mm in Yahoo stock so he made maybe $30M. That's not enough to be a master of the VC universe. He is now worth $2.5 billion because of the mastermind.

[LPWhisperer @LPWhisperer]

Paul Graham's, the Founder Mode guy, only real accomplishment is building a paid mastermind group.

Just in case you think listening to him about politics, building large companies and anything else really makes sense.

[LPWhisperer @LPWhisperer]

@At50w50882 He's in crisis mode.

[LPWhisperer @LPWhisperer]

@ContrarianSaver I don't know about this.

[LPWhisperer @LPWhisperer]

Real estate sponsors when they return 40% of your initial capital after 7 years because they're pivoting to DTC, crypto or media.

[Jared Orkin @OrkinJared]

I’ll give you one guess…

https://t.co/zNdxrBf8QR for more details

[Jared Orkin @OrkinJared]

At AMZ Innovate this October 29-30th in NYC, @BYahalom , President of @trueclassictees , will be leading an interactive session that goes beyond the typical keynote.

Get ready to dive deep into Ben’s firsthand strategies for product innovation, distribution, and marketing.

[LPWhisperer @LPWhisperer]

@zebulgar Same but for 25

[Jason Mikula @mikulaja]

Founder Mode vs. LPs waiting for their returns (did I do this right?)
https://t.co/EKJOpBREHt