Gus Young

163 posts

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Gus Young

Gus Young

@bgusyoung

LMM M&A and former pro hockey player.

Encinitas, CA Katılım Şubat 2011
547 Takip Edilen630 Takipçiler
Gus Young retweetledi
Yale Men's Hockey
Yale Men's Hockey@YaleMHockey·
Jeff Hamilton '01 Named Malcolm G. Chace Head Coach of Men’s Hockey 🔗 Read ➡️ t.ly/7qs5n | #ThisIsYale
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Gus Young
Gus Young@bgusyoung·
@JoshInEncinitas This is right near me… and not the only one like this nearby (as you know)
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Jon Matzner
Jon Matzner@MatznerJon·
@RyanDanz We’re neighbors I thought this blue dot was me :)
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Tony Androckitis*
Tony Androckitis*@TonyAndrock·
"If we strike, we’re kicked out of our apartments the next day & they’re calling up players from the SPHL. If we don't strike as one, we're selfish assholes to the rest of the league." As @ECHL players sit at home, the holiday break will be spent stressing about uncertainty.
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Yale Athletics
Yale Athletics@YaleAthletics·
Keith Allain ’80 Announces Retirement After Historic Career With Yale Men’s Hockey 🔗 Read ➡️t.ly/ESI8u
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ECAC Hockey
ECAC Hockey@ecachockey·
On this day in 2013 @yalemhockey took home their first national championship against #ECACHockey rival Quinnipiac! The Bulldogs defeated the Bobcats 4-0 in Pittsburgh! #ECACHockey
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Gus Young
Gus Young@bgusyoung·
@BulldogBane @SFR_Investor I mean… I’m all for this but weren’t these same border ‘enhancements’ announced months ago (Mexico in April 24 and Canada in Dec 24) and this isn’t anything incremental? Or am I missing something? Did he move up timelines for this to be completed?
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Smart Tech Biz
Smart Tech Biz@BulldogBane·
@SFR_Investor The left is about to piss themselves. How can you hate this? This is action on items everyone wants. This is negotiation. This is 3D chess and left still playing checkers
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Jon Terry
Jon Terry@leankitjon·
This is extremely true in Europe. It isn’t nearly so true in the US. For all our very real problems with immigrations we are lucky in that the bulk of our migrants have come from much more culturally aligned countries and even those who aren’t tended to be of a higher caliber because the journey is longer. We’re not getting mass low skill Afghan, Libyan, and Senegalese migration like Europe. By comparison our predominately Mexican low skill migrants are model citizens
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Gus Young
Gus Young@bgusyoung·
@boomerton35 @paulswaney3 It passed congress like 352-65 and Supreme Court upheld 9-0… when have we even had that bi-partisan support recent years!? Don’t think this is about 1st amendment rights. The app itself is pretty anti-1st amendment given censorship of CCP…
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Mctight (banned again)
Mctight (banned again)@boomerton35·
@paulswaney3 Terrible take It’s more about government censorship of the internet. We’ve seen the government pressure domestic companies with vaccine pressure, election interference and probably other areas we aren’t aware of. Patriot act 2.0, it won’t end with TikTok
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Gus Young
Gus Young@bgusyoung·
@BulldogBane @moseskagan Totally fair! But not sure mean is much better? school sizes are small (a problem itself), so a few rich kids will skew more than median + over 50% are on aid (Princeton is 70+%!). Also ibankers are heavy athletes who are more likely are on aid (i think).
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Smart Tech Biz
Smart Tech Biz@BulldogBane·
Interesting certainly but not sure it's correlated to this data set. The median income numbers are heavily skewed by the financial aid metric. I would be interested in the mean and a related sample size of those that went through the "top school" system that didn't have financial resources and those that did and how their paths were similar or different. It's my assumption that almost all financial success is some calculation of effort, intelligence, and natural tendencies multiplied by network effect. The latter being the biggest factor promoting higher education but also for people born into success who benefit from that network their entire lives. Not casting judgement either way, just trying to separate sample data sets and correlations.
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Moses Kagan
Moses Kagan@moseskagan·
All of my richest acquaintances (none of whom had a huge exit, which is sort of like lightning striking): 1. Attended elite universities, then 2. Spent their early-to-mid 20s grinding at the big investment banks, then 3. Left, either to join smaller, more meritocratic orgs (like hedge funds or private equity) or to start their own Is this still the best risk-adjusted path?
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Gus Young
Gus Young@bgusyoung·
@BulldogBane @moseskagan median household income of Ivy parents is ~150k - 200k (obv. this is only subset of ‘elite’ schools). When considering correlation b/n IQ & Income (to a point), it’s really not that outrageous. There are obviously exceptions, but ‘top’ schools also have best financial aid support
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Smart Tech Biz
Smart Tech Biz@BulldogBane·
Honest question: How many of them had at least a decent financial head start from their parents or family? Trying to determine causation vs correlation. Often people that can attend Elite University also had financial resources to do so and an appropriate financial upbringing. This would dilute the described path to success a bit since the experiment is a bit tainted due to narrow sample.
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Gus Young
Gus Young@bgusyoung·
@BigJohn043 @ClintFiore Second this. While not a totally differentiated data point (also PE), we buy sub $1M a decent amount and would never do deposit.
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John Caple
John Caple@BigJohn043·
Maybe. But as I have said other times we buy a lot of sub $1M EBITDA businesses as add-ons. So I think we know the Main Street space as well. I do think there may be a difference between PE buyers with experience who the sellers knows are serious versus searchers or less sophisticated buyers...
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Gus Young
Gus Young@bgusyoung·
@paulswaney3 Consistently the #1 piece of feedback I find myself giving juniors
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Kaustubh Deo - Guesswork Investing
Kaustubh Deo - Guesswork Investing@guessworkinvest·
My favorite EBITDA addback is still the small business that deducted the owner's kids' private school tuition expenses.
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Gus Young
Gus Young@bgusyoung·
@stephenolmon @JamesonCamp Fully agree. There is a threshold of scale and size of company/processes that - once met - AI drives definite ROI. But, below that threshold, there are rarely legacy systems/workflows/processes to optimize + the few in place at $5M are rarely the same ones needed at larger size.
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Stephen Olmon
Stephen Olmon@stephenolmon·
@JamesonCamp Agree - but don’t agree the $5m SMB is the right ICP This will crush way more in mid market
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James Camp 🛠,🛠
James Camp 🛠,🛠@JamesonCamp·
I think there is a huge opportunity to build a managed services business that manages AI Many businesses could crush opex with AI but they will need oversight They will need someone to implement, upgrade, and manage This would be super fun to build with someone
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Brandon Dixon
Brandon Dixon@brandonadixon·
@irentdumpsters I think the dream scenario is high margin business like your agency with high capex business for tax purposes. For sweeping 15-20% and is pretty common once you get over 1 mil in revenue. I’ve seen up to 30% margins tho.
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Brandon Dixon
Brandon Dixon@brandonadixon·
The hardest decisions early on have been around growth. When do I add another truck? Used or new? We’ve bought 4 trucks in the last 12 months. 2 were from auction for cheap. 1 already needs to be replaced. The other 2 we bought were 2014 (low miles and hours) and a 2024. I don’t love the monthly payments but the reliability has been huge as demand has increased. I’m looking for truck #5 now. Apparently November-February is slow season but demand has continued to increase. Back to the new vs. used dilemma
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John Caple
John Caple@BigJohn043·
Tech generally won't fix a broken process. Although if you adopt the core processes in the tech rather than trying to make it fit your current process you will have more success. Tech isn't easy, but it is pretty straight forward. And tech in a $5M EBITDA business is totally different than large billion $ businesses.
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John Caple
John Caple@BigJohn043·
I can't tell you how much I disagree with this. We put new tech into almost every business we buy. Cloud based ERP, CRM, HRIS, etc. For smaller businesses they aren't that hard to do. It does take some time to train the team on how to use them. You have to make sure they are implemented properly. And it usually takes about a year to really see the benefit. But it works almost every time.
Jonathan Slonim@JonathanSlonim

For the PE bros out there: "we'll just upgrade the tech" is rarely the right answer and never easy. 1) Whatever tech the team has, they have figured out how to make it work for years 2) When you replace systems, it's hard to transfer all the old data. You could lose valuable information 3) Even if the system is incredible, it's not much good if the team operating the business day to day doesn't know how to use it. No one cares how easy it is to make your weekly dashboard if they don't know what orders they have to ship tomorrow. I've been part of successful and failed technology transformations as a consultant and as an investor. It's sometimes necessary and beneficial, but never easy.

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Keşfet

@iamelicloutier @JoshInEncinitas @MatznerJon @ECHL @yalemhockey @BulldogBane @leankitjon @eyeslasho