Shawn Fateh

Being me

[Shawn Fateh @ShawnFateh]

@ericmreiner @rabois He’s the GOAT

[Shawn Fateh @ShawnFateh]

@bchesky @JSchwarz9 Pls be true!

[Shawn Fateh @ShawnFateh]

@JesseTinsley Yeah rollups are fine. That’s all we do. We don’t pretend we’re building a tech company

[Shawn Fateh @ShawnFateh]

As someone that does this- seeing a lot of behavior akin to 2021 - à la Thrasio and junky EBITDA with little durability.

raise money on pre money valuations instead of fund carry . Won’t judge if you want to put a tech enabled valuation around that. Founders may make out like bandits saying “AI. Seen how that works before.

[Shawn Fateh @ShawnFateh]

@drewfallon12 I was a biglaw attorney for five years. 9-9-6 is extraordinarily simple

[Shawn Fateh @ShawnFateh]

@hkarthik Not untrue. You can have both. Make sure you’re strategically aligned and work hard on executing that strategy.

[Shawn Fateh @ShawnFateh]

@nico_laqua I don’t really get how people are debating this. It works for some and not for others. This is a silly debate.

[Shawn Fateh @ShawnFateh]

@rabois @loganbrown799 Hah!

[Shawn Fateh @ShawnFateh]

@rabois @loganbrown799 We’re forgetting Cooley

[Shawn Fateh @ShawnFateh]

@rabois lol

[Shawn Fateh @ShawnFateh]

How to find operator candidates for a PE platform:

1. Who just retired from the public comp in your space?
2. Who just sold their company to that public comp?
3. Who ran the last PE platform that exited?
4. Who's on LinkedIn as "advisor" or "consultant"?

That last one is code for "I'm available and waiting for the right call."

The best operators aren't job hunting. They're sitting by the phone.

[Shawn Fateh @ShawnFateh]

@edwardlando What’s the business / category

[Shawn Fateh @ShawnFateh]

@gustaf Lol

[Shawn Fateh @ShawnFateh]

I want milt initiation fee waived @BillAckman

[Bill Ackman @BillAckman]

My physical therapist opened a superb gym in a beautiful and intimate space in a great location at 32 East 57th Street next to Atria.

The concept integrates physical therapy with weight training, cardio, sauna, steam, cold plunge, sensory deprivation, VO2 max and all the other testing you need to determine your base line fitness and monitor your progress thereafter as well as much more.

Vosk has the best equipment I have ever seen in any gym and extremely experienced trainers and physical therapists.

It is a great place for serious athletes and those interested in longevity or just getting in great shape.

While it is a high end gym, the price is fair when you consider the cost of the 96 training and/or physical therapy sessions included in your annual membership.

The integration of physical therapy and training yields much better and safer outcomes. I have also found my training consistency is much greater since I prepaid for the sessions.

If you want to learn more, go to https://t.co/uSNNsjiK6Z or email Vitaly who founded Vosk at [email protected].

The first 40 members who mention this @X post will have their initiation fees waived. Membership is limited to ensure a great experience.

[Shawn Fateh @ShawnFateh]

The math on industrial roll-ups is stupid simple:

Buy at 5x EBITDA.
Normalize owner comp.
Cross-sell across the portfolio.
Centralize back office.
Exit at 15-18x as a platform.

That's 3-4x your money on multiple arbitrage alone. Before organic growth.

The hard part is finding 15 owners who sell to you instead of the other 4 firms calling them.

[Shawn Fateh @ShawnFateh]

@davidsenra Amazing interview

[Shawn Fateh @ShawnFateh]

@RandianCapital lol no. This is a signal to focus on hardware- the exact opposite strategy he should be doing

[Shawn Fateh @ShawnFateh]

@scottastevenson Hence why I left biglaw

[Shawn Fateh @ShawnFateh]

@mattepstein @paulswaney3 @brookeleblanc lol i actually cracked up out loud