Founder + CEO @ Second Star Ventures
ex @dlyharvest ๐ฅ @glossier ๐
Fan of the @mets โพ๏ธ,
the @phish from vermont โญ๏ธ
and @goosetheband โ๏ธ
7 stats proving that The Silver Tsunami will hit the entire economy:
- By 2035, ~6 million SMBs will face ownership transitions
- Up to $5 trillion in enterprise value is at stake
- 92% of SMB exits happen through closure
- Only 5% are completed as sales
- 3% are transferred to new owners
- Nearly 80% of projected exits are businesses valued under $2M - too small for private equity, too large for most individual investors
- Small businesses account for 99% of all US companies and employ nearly half the nation's workforce
I really hope @StevenACohen2 is listening here. I get why last year went down the way it did. The market, the decline in production (despite the big HR). But things are different now, and Pete deserves to be a Met for life. Bring him home.
Trump is reportedly trying to kill an explosive Wall Street Journal story about his relationship with Jeffrey Epstein. Totally innocent behavior, nothing suspicious there!