Julian 🇦🇷

Hey @levelsio how's this going on?

@ankurnagpal Isn’t the job of VCs to spot these kind of behaviors? How could any reasonable investor allow this?

We need a word for a very specific type of founder fraud that's slowly starting to pop up: Startup raises a lot of money far ahead of their valuation Founders effectively "give up" but keep paying themselves generously with the cash raised versus returning money to investors

@girdley absolutely

Lots of talk about networking lately, so my best advice on this topic is: The best "networking" is building and doing great things. Greatness attracts greatness.

@BigJohn043 wise move

I tell sellers that I can get a deal done in 45 days if they quickly respond to all data requests and quickly turn legal documents. And that is true. It is also true that I have never had a founder / family owned business quickly respond to data requests and quickly turn legal documents. They just aren't set up to do it. So I generally am happy to sign up a shorter exclusivity period with an option to extend because I know that they will struggle to respond and it will just get extended.

There are two kinds of people in this world, those who say FIN-ance and those who say FYE-nance.. pick your side

@patrickdichter What actually triggered them to look out for help? I feel most of the times people can just live with the mess and having clean books is just a nice to have..

Now he’ll be able to see recurring vs project clients, how much he’s actually making per client and how efficient each department is, how much he’s actually making can pay himself, have automated payment reminders for clients, and be able to do tax planning.

“My financials are probably a C- because I just click whatever buttons Quickbooks suggests.” This $3M revenue agency clients books were actually a D- because revenue was grossly overstated, no clear picture of who owed him money, no actionable data or margin clarity on his P&L, and a balance sheet that didn’t tell the health of the business.

@cliftonsellers Make more money

You got 5 words Sell me your service

@ankurnagpal I don't get why people keep on comparing market cap with GDP.. I just don't get it

Crazy stat of the day: Nvidia’s market cap is now greater than the GDP of every country in the world except US and China Totally normal

@Davidjpark96 @markgoodhead Open for work here!

@markgoodhead teach me your ways pretty much have always been let down by agencies or outsourcing 🥲

every 6 months i feel like i have to learn an entirely new skillset i really liked this aspect for the first ~5 years, but the latest few cycles have been challenging nowadays i have to get a better grasp on things completely outside of my wheel house (accounting, legal, tax, and/or compliance aspects of running a company) i hope this is a temporary lull and the future points i get to allocate in my skill tree are more interesting when in these times, it's tempting to ignore the boring aspects of the business and double down on what's most exciting personally, but i've hired well for these exciting parts of the business so it's best to just let those people cook for example, it'd be super fun to spend 8 hours/day scheming with my ugc guy, but the truth is he can figure out 90%+ of the problems himself in this sense, the founder always gets the distillation of the worst, existential, and/or first of it's kind problems that no one else can solve in each section of the business it is a part of the job i have a love/hate relationship with (but still mostly love) i'm curious what the next stage of learnings will be but i hope it's more on the growth side!

@andrew_sova_ This is awesome. It's exactly the plan I'm trying to execute my self as well. Keep it up and best of luck!

Officially left BCG so now I can post more freely! I engage a little on here, but not many people know my background, so here it is: I’m co-founding a holding company with a BCG alum & Army vet to buy small industrial services and niche manufacturing firms, with the intention of holding them indefinitely. Our simple thesis: build great workplaces, make disciplined purchases (hard to kill, reason to exist, <5x earnings), and deliver strong returns for investors. About my journey: Grew up dirt poor in a SoCal ag town with my single mom, who juggled multiple jobs. Sports got me out of our studio apartment. Worked hard, football landed me at a top liberal arts college, which was a lucky break in hindsight. Always loved numbers and problem-solving, read The Intelligent Investor, and got inoculated with value investing (it just made sense) Started as an M&A analyst at a boutique I-bank, passed CFA exams, then joined a special situations private credit fund lending to small businesses ($5-100M revenue). Fell in love with the small business space and dreamed of buying and running one myself. Went to Berkeley Haas for my MBA, focusing on marketing, sales, and analytics to round out my finance background. Joined BCG for exposure to big companies, hairy problems, and sharp people. Worked in PE diligence and marketing/sales/pricing. Loved the work, not the hierarchy. Met my co-founder, got married (not to my cofounder ha), made a plan, and now we’re executing on it. Excited for the next step in this journey and more updates to come (very soon)!

@BoringBiz_ Honestly, it makes a lot of sense..

BREAKING: JP Morgan is considering cutting junior investment banking roles and outsourcing them to India

@_donazoff @BoringBiz_ 100%

@BoringBiz_ Buenos Aires the financial hub of Latin America?

Never thought you could condense so much wisdom in 17 minutes.. had to watch it multiple times.

Pitching a finance product with a macbook 🤦🏻‍♂️

@Kaizen_Investor This is super useful, thanks. Definitely some room for LNG providers out there!

@GetFinanceRight Here you go, thanks for the request. x.com/Kaizen_Investo…

Narratives can change quickly. I took a look at the energy transition wave including: Wind, Green Hydrogen, Solar, Energy Storage, Nuclear, and Mixed Companies. The P/S ratio of these companies peaked in 2020. But to fully understand, we need to take a closer look. A thread

@Kaizen_Investor Cool thx

@GetFinanceRight There are no pure LNG players on the market. You get exposure to LNG by $SHEL, $XOM and $TTE. I did find some firms with indirect exposure to shipping and floating LNG. Will be an interesting add-on. Will take a look at them over the weekend & share. Thanks for the question.

@jackentr3 ah got it, makes sense... still a good deal, partial guarantees definitely better than full recourse

@GetFinanceRight Funny you say that, I just checked with someone on our team and we do have an individual partially personally guaranteeing the loan. But I don’t believe it’s like an SBA guarantee .

Today marks (approximately) one year since I joined a roll-up strategy in the financial service space. In 12 months we’ve grown from $2.8M to $8M in revenue, and from $1M to $2.9M in EBITDA. On top of that, we have another $4M revenue/$1.6M EBITDA in the pipeline. It’s been a wild experience. Roll-ups aren’t as simple as some make them sound, nor as terrible as others claim. The truth is somewhere in the middle. I’ve learned a ton about banking, being a strategic buyer, and what it takes to scale through acquisitions. Feel free to ask some questions. I want to debunk the myths 👇

@Kaizen_Investor Very interesting thread! Thanks for sharing! Do you have a view about gas? it's said to be the best transition energy...

We know the future will demand ever more energy, yet global warming limits how much oil we can still extract. Alternatives are growing, but can they meet the scale of need? Do we already have the answer—or will a new wave emerge in the near future? (not financial advise)

@jackentr3 That's lit! specially the no personal guarantee debt. Congrats again.

I got into this space when a business partner introduced me to an accounting firm owner pursuing a roll-up strategy who needed M&A advisory support. Since then, we’ve built on that model. We typically fund deals with a mix of cash, debt, and seller financing. Our lender provides about 60% LTV with no personal guarantees, and deal terms are usually 60–80% upfront with the rest tied to revenue and client retention. As for AI in accounting, I think it’s a bit overblown right now. It’s useful for workflow and organization, but it also makes very basic errors.