I thought it was a catch because, beyond getting both feet down, he then steps out of bounds, and IMO the play is over once he makes the additional move out of bounds. But who knows these days
@RobReichJr Super depressing. Truly the best browser ever. I tried Dia, it does not hold a candle to Arc.
Now I have to decide.....Dia or back to Chrome. What will you do?
Watching the @barstoolsports golf invitational. This is incredible tv, with every player mic’d up and a camera crew with each group.
This setup would make the PGA tour must-watch for a much broader/newer audience.
In twenty years, we will look back at short form video the way our generation looks at tobacco from the 80s/90s. Don’t forget, smoking inside a restaurant was a normal thing.
the older i get, the more convinced i am that short form video & social media like insta have absolutely cooked american society to a burnt crisp.
e.g. if you take a healthy normal person & have them listen to alex cooper for like 10 seconds, i’m pretty sure they’d get to brain aneurysm territory relatively quickly but yet millions & millions hang on her every word. her content makes andrew tate look like a disney prince.
absolutely remarkable.
I’ve never met a buyer (in the LMM space) that wanted the earnout to be missed. It is much better, for all parties, if the earnout is achieved.
Re: your list
Here are a few more…..
1. Require monthly financials by x date ea month for prior month
2. Require notification if financials are changed / adjusted post x date of each month/quarter, any adjustment above Y needs approval (inv adjustments, etc)
3. Require earn out tracker monthly (or quarterly)
4. If the company has a board, request observer seat (low probability you get this but….) or at least each board deck
5. Agree on everything up front!
The town I grew up in has a high Mormon population (church owns hundreds of thousands of acres and large ranch operation) and I will +1 this guys comment.
Incredibly kind and generous folks. I’d have to think long and hard to find one that wasn’t a good dude (if possible). Then or now.
@guessworkinvest Tech sales guys have ~30% lower tickets [depending on trade] and much lower close rates than normal sales people.
If you are going to have tech-led sales, need to really protect against the floor.
Call me tomorrow if want to get into weeds.
Everyone who keeps replying something about owner dependency needs to put the bottle down and get real.
I don’t care what level of business you buy—the owner SHOULD be involved.
…and not to get it twisted…
In every business I’ve been an owner/CEO of, I’ve been EXTREMELY involved.
When we were selling the landscaping company, a Principal at the investment bank (big dog) told me at a dinner in NY…
“You know a lot more about the business than I expected” [in a positive way].
My response? “That’s my fucking job.”
@roblabonne When your core customers are only available on nights/weekends and you must charge a very high rate and have very low expenses. The higher the rate you charge, the more competition you allow in via other sports/entertainment/not participating, etc.