chrisgd

I love these stories from Private Equity. There is a real business here where you probably could have used less leverage to acquire Little Gym and run the business profitability but your IRRs are too low if you do that and can’t raise the next fund. The last 5 years and maybe the last 15 have been really weird for investors / sellers overall.

If someone has a massive black market operation, why would they give up any control at all?

Private equity generally buys EBITDa positive businesses from each other and founders. Highly unlikely PE marks many investments to 0, rather just less than purchase price.

I hired an executive coach who previously did exactly what I did. She helped me get rid of imposter syndrome and focus on what I was good at and how to sell that. I would do it again in heartbeat

I would also note that it was supposedly the son of a TPG partner(one of the largest private equity firms in the world) who spearheaded the Goldman Sachs analyst revolt mentioned in the article

I am in the finance industry and at the very least, they seem to understand that harder work should result in higher rewards (cash comp). For a lot of these startups or more standard work environments, the ask seems to be to work harder with little visibility into how it helps the worker. Ultimately, there will be turbulence but I think it is moving towards more equality and less economic inequality. Which I think is great. This thread from antiwork on reddit was pretty insightful

https://www.reddit.com/r/antiwork/comments/1000wnk/profits_m...

Love the story, can’t help but feel it is a little too early to judge a success.

I believe it though and because it is hard, it is unlikely to repeat in other industries. I love my job, but the amount of time for me personally to provide discovery is hard. Need total buy in from an organization and it seems like something on the verge of bankruptcy is the best place to see it happen.

To be fair, I didn’t read the full post-Morten. Once I saw decentralized I started to tune out then saw the reference to bit-torrent and it brought back memories of Napster and limewire, etc. curious how we got from decentralized music services where everyone has a copy to Bitcoin and NFTs. A topic for another day but am I off base to think we went off the rails quickly in the world of decentralization

I received a turbografx16 handheld around 1991 for Xmas. It had a tv tuner and I had two games. I loved it but the battery life was so short I barely ever used it. To this day, I wish I had more patience and interest

That’s a good thought. I wonder if there is an aggressive us attorney that could tie the forwarders to the scam with some kind of RICO charges.

(My entire understanding of law comes from law and order so take what i said with a grain of salt)

Bezos read my email as a prime member. Think the chances of this getting you blackballed from work is low and the upside is there. Nothing left to lose in my opinion

Go scorched earth. Email Bezos, Jaffy, etc. tell them the situation and ask for additional compensation.

I think all current assets would equate to being able to sell in 12 months. S

I would think the 13F filing is the numbers you are looking for. Almost every SPAC that deSPAC’d (acquired a private company) is below the $10 mark that all SPACs close deals at, so even if this was the full list, it looks like they lost almost half, I would wager it is much more now.

Edit: here is most recent.

https://www.sec.gov/Archives/edgar/data/1321655/000095012322...

We don’t know that. We sometimes see small trades post IPO 100% higher than the IPO price but rarely would an investment bank turn down more money to give a better deal to a client. If there were 15 investors offering $100M at one time, they are going to be firm on the price they pay. A trade of 100 shares post IPO is not relevant. In fact, we did a bunch of SPACs because they offered better “price discovery” and we are seeing the results.

Sounds like an overly pessimistic view. You IPO to allow early investors to exit and raise capital to expand. There are a lot of very successful IPOs from before 2020 and some of those that went public in the last two years will be ok

But you would still say that a company went public vis SPAC IPO.

Literally, in the next line of the article > Many companies that went public in the surge of mergers involving SPACs, or special-purpose acquisition companies, also are faring poorly.

How does one learn “production code” outside of industry? Are there examples of programs that do something with production code?

So crazy reading this and thinking how wrong some of the theories then were. Makes me wonder what todays theories are that people will look back and scoff.

Side note, also makes me miss playing drug wars on the TI calculators back in the day

Curious what a credit card chargeback would accomplish, I have had mixed results with that

It’s older, but I read The Wonder by Emma Donoghue. The movie just came out on Netflix too so the timing was great. She wrote Room previously and really enjoyed it

This is awesome. Would be amazing for a tutorial as well. I can code(defined loosely) in python, but seems like this would accelerate learning a new language significantly.

You have a vote

I don’t think that is true at all. There is economic value in a piece of equity in google. The price someone is willing to pay for it changes frequently.

Crypto is closer to art than anything else. I get less value from a rothko than someone else may

Not sure I agree

I read a transcript of an endocrinologist suggesting intermittent fasting (don’t eat after 6 and wait as long as you can before your first meal - start with 10am and keep pushing back as long as you can). Then eat only veggies for your first meal, then veggies and a deck of cards serving of meat for dinner.

Honestly, it sounds very difficult, but the doctor seemed very confident that this works. I have started trying this (not T2, but need to lose weight)

Anecdotally, a lot of people have suggested keto and low-carb diets having been successful for them.

The source was Tegus (https://www.tegus.com/) which my company had a free trial.

What are the odds some of the really smart programmers on this site can figure out how to mod/jailbreak this themselves?

That’s too bad, I have never used them