Steven Pesavento

Buying Real Estate & SMBs - Closed 200+ Deals || Real Estate Fund @ VonFinch || Investor Mindset Show Podcast || Investor. Speaker. Searcher ||

[Steven Pesavento @StevenPesavento]

@HealthcareREguy This is really great

[Steven Pesavento @StevenPesavento]

@sweatystartup Agreed. Red flag. Deal breaker.

[Steven Pesavento @StevenPesavento]

@KobeissiLetter @grok do you have this same data found back to 2001?

[Steven Pesavento @StevenPesavento]

Yeah it’s a serious challenge. We way undershoot what we believe we’ll hit and you’ll often hear from LPs that they are comparing your deal to another based on returns (apples to oranges without context). It’s challenge to overcome - however in the end it’s always better to be truly conservative.

[Steven Pesavento @StevenPesavento]

@awilkinson Would love to see a few examples of what cool stuff you’ve been building. @awilkinson

[Steven Pesavento @StevenPesavento]

Pretty strong case

[Chamath Palihapitiya @chamath]

The stock market is crashing! Trump has ruined everything! This is the end!

Or…to quote the great Dave Chapelle: “…and hear me out when I say this…you could shut the fuck up.”

The stock market has simply rung out Biden’s last gasp of free money before he lost the election. We are back to where we were a year ago.

[Steven Pesavento @StevenPesavento]

@Jason See this: https://t.co/AyeE0ZDTwr

[Bill Ackman @BillAckman]

An extremely insightful piece on tariffs and @realDonaldTrump’s strategy.

[Steven Pesavento @StevenPesavento]

@chernobelskiy It’s your reach… originally it was close people in the industry. Now that your reach is wider the trolls are attracted. Sad people act like that.

[Steven Pesavento @StevenPesavento]

Let it cook

[Anna Wong @AnnaEconomist]

Bessent got his wish.

[Steven Pesavento @StevenPesavento]

It’s always hard for me to remember most people are waiting for permission (15+ years as entrepreneur) when talking to my employeed friends.
I’m like dude just add value, make something happen your boss will be happy (not always true in reality 😂).
Old habits die hard. Keep after it ☺️

[Steven Pesavento @StevenPesavento]

@OneManLBO Totally true. Takes multiple channels.
I think that’s where people get it wrong with email… they fail to pick up the phone after they’ve softened the Beachs.

[Steven Pesavento @StevenPesavento]

@leveredvlad @OneManLBO Yeah that’s true.
But it’s infinitely cheaper than sending direct mail $0.50-$3++ per piece. Trade off is the response rate and open rate is higher on DM with good data. Especially when followed by well timed phone calls.

[Steven Pesavento @StevenPesavento]

@ElonMuskAOC ☺️

[Steven Pesavento @StevenPesavento]

@theficouple If net worth… all those levels are broke.

[Steven Pesavento @StevenPesavento]

@realEstateTrent Very well said. It’s something you hope you never face, but especially later in your career. PGs and debt can haunt you. Downside protection for the win.

[Steven Pesavento @StevenPesavento]

@chamath @SecScottBessent This was a great conversation. Thanks guys.

[Steven Pesavento @StevenPesavento]

There’s changes you could make that would cover the issues mentioned in the other comments (mainly min return). What I’ve found is people just prefer traditional structure (to pay fees/carry).

We thought about rolling out something with no fees… but have found LPs don’t get it (tested messaging without a launch).

A pref + 80/20 with fees/pref is like a preferred + 60/40 without fees. The first just looks/sounds better. Personally as a GP assuming I can cover team overhead I’d rather align interest with backend, then fee heavy.

I think with a hard pivot and education it could get done. Just creates another barrier with LPs. So likely not worth it.

[Steven Pesavento @StevenPesavento]

@bryan_johnson Been looking into this. Would be amazing to have certified options in Denver.

[Steven Pesavento @StevenPesavento]

@TannerBuilds Looks like a quick weekend no permit job 😂