Claude Lemieux was one of the best playoff players of all time. The players with more playoff goals than his 80 -- Gretzky, Messier, Kurri, Brett Hull, Anderson, Bossy, Sakic, Maurice Richard. That's it.
Probably should be in the Hall of Fame.
Like most pro athletes, hockey players get paid by the game. They play all over the country, but about half of their games are on home ice. Here's the kicker: they pay taxes based on where they play.
California game? Based on minimum salary, they'll pay 10.3% or more per game.
That's real money, and it's hard to imagine players haven't caught on.
The last two Stanley Cup champions? No state income tax. Four of the last five Stanley Cup champions? From states with zero income tax.
Have other leagues not figured this out? How long until they do?
Anybody surprised that the best NHL teams today are in markets like Florida, Nevada, and Texas? Some residents have never seen ice outside of the freezer.
These three states have something in common, and it might be the best predictor of sports team success from now on. 🧵
A profitable company pays an average salary that lands in the top 10% of U.S. earners. Sounds to me like they’re creating good jobs and a return.
The mentality that there’s something inherently wrong with this is a big part of why so many companies fail.
Wait so...
$200k profit on $20mm ARR
73 employees avg'ing $154k salary. CEO @ $300k/yr
Over $11 million a year paid out in salaries.
$544 customer LTV.
Cost to serve a customer has to be minimal (it's a social media scheduler ffs) and unlike 15 yrs ago, this could prob be built by 2 cracked devs and a designer in a few weeks.
SEVENTY-THREE EMPLOYEES.
I dunno man...
UCC filings are a legal instrument lenders use to claim rights to certain assets if a debt isn't paid. Lenders often stick these in the fine print, and businesses might not even know they're there.
So the only paths forward are either to go deeper in the merchant cash advance black hole, or pay down the whole MCA at once (losing out on the time you had to make the money sort of worth it)
would you believe me if I told you that one of the most predatory lenders for online businesses is..... @Shopify
The fees seem reasonable (they’re not), but it's the UCC filing that hurts. Read on: