Everyone has a plan… until they meet @MikeTyson.
Our final challenge, it’s David vs. Goliath. Iron Mike goes head-to-head with our founders.
June 24, 2 PM PST. LIVE from Las Vegas, streaming on 𝕏. The moment the world can invest!
Be first in line: https://t.co/WOh11tLUwE
From house fires to boardrooms, @JesseTinsley’s rise is anything but ordinary. We take him sky high in NYC & face to face with his past in Ep. 3 as he tackles a gauntlet: @nano_nuclear’s Jay Yu, NYCFC’s CEO, a polygraph, and more.
Join for early access: https://t.co/Mjqnixo4Tx
The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M
He has “no income right now” and is “looking for internships”...
@vhmth has a wild post-exit story. we talked about it on Moneywise:
-Turned down $60M in retention bonuses that would've vested over 4 years
-Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking.
-He had a post go viral about his identity crisis after selling (1.5m views)
So I asked about his money situation now:
-Monthly spend: $25K (with $12K on NYC rent)
-Net worth allocation: 50% cash, 30% equities, 20% bonds/other
-Most expensive post-exit purchase: iPad
Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer
(can you imagine the founder of a billion-dollar company being your intern?)
On the pod he explains why he’s betting his future on physical products instead of software and investing…
The full episode is live now. Check it out.
Betting lines for the next owner of TikTok.
From 0% a week ago to ~18% and now leading the betting odds.
I really like our chances. Especially with a few HUGE announcements coming next week.
Really excited to announce our acquisition of @bountyjobs!!
BountyJobs was one of the first places I did contingent search when I first started my career and I'm thrilled to bring them into the @RecruiterDotCom portfolio of companies.
Bounty's contingent workforce solutions combined with our offerings of EOR, Payroll and Temp software solutions gives our shared customers the first end to end global VMS for companies of all sizes.
Welcome to the team to all of the employees, customers and Recruiting firms that support BountyJobs I look forward to working with you. ♥️
A 🤯🤯🤯 episode.
Organic growth is great, but if you want to grow through M&A while beating almost every PE firm in deal competition. Learn from Jesse.
He became so good at it that he built the company to $200mm
- 8 acquisitions and counting
- 100% bootstrapped
- Being just 35; hungrier than ever
A couple of notes:
(1) I am a forced entrepreneur, I dropped out of school and then I couldn't find a job so I was forced to start my first company Job Mobz.
(2) Entrepreneurs sell and give up too quickly; had I sold too early I would never have built a $200M company.
(3) Recruiting companies must transform into SaaS companies or they will be replaced.
(4) We've helped build teams for Coinbase, 23andME, Stellar, and Scale AI when they were very small companies.
(5) The way you get big WHALE-like clients: figure out what their problem is. Then do an insane amount of research and sort it out for them. No one does this and you can stand out very easily.
(6) Being in one industry for 10+ years gives you insane “market knowledge” that allows you to acquire companies many times cheaper than newer competitors and private equity firms that “know” less about the industry.
(7) We're having a huge pipeline because of a great reputation in space – the niche focus has been incredibly beneficial.
(8) You can make your business 2x as valuable by reviewing your contracts and making sure you're pricing correctly.
(9) You can't just work 40 hours a week and win.
I hope you enjoy listening as much as I enjoyed talking to @JesseTinsley
Wow
Build a holding company where founders and great operators want to stay and build a great future together.
That's the secret to winning.
Letting founders go is a losing strategy.
As is retaining unmotivated founders.
*Major Merger News*
The merger of Job Mobz and Flawless Recruit creates a power house in the talent acquisition industry that offers significant benefits to its clients.
7 reasons why you should reach out to me or @JesseTinsley with hiring needs
(thread)
I appreciate all the interest in Recruiting companies wanting to be acquired.
A few big upcoming announcements.
First a quick post...
I will write a longer thread about how we think through and acquire these businesses since a few people have been aggressively fishing for information.
I'd prefer to not waste anyone's time and be radically transparent.
Our advantage is operating Recruiting services businesses better than 99% of operators.
The acquisition playbook we run is straightforward but the execution is not.
The biggest risk in most acquisitions is earn-out and we've mitigated that risk for founders whether they want to join our team or go start their next venture.
If you're interested DM me or email me anytime.