Jon Coon

@RoryTyer 1on1 w/ lead and manager separately. Then decide. Most likely will require being present for conversation led by lead with manager. You get benefit of validating managers soft skills and/or opportunities

Crew lead sends you (owner) a long text detailing frustrations with his manager. Normally you try to help people talk directly & only step in when that fails. He says he’s tried over & over and may leave because it’s not changing. You’re pretty sure his perspective is biased because of things you know about that he didn’t mention, and you have a lot of trust in his manager. Do you: - copy / paste the text to your manager & tell him to find a way to deal with it - tell the lead he needs to send that exact text to the manager by end of day so they can work it out, or you’ll send it yourself, and see what happens - meet 1 on 1 with the lead to better understand / document and then decide - sit down with the three of them, print out the text, work through it together - something else?

Mostly a fan of your writing. Your alarmists takes on this for clicks/views is not necessary. Painting the picture that the city has no cards and needs to fold to whatever the new owner wants is baloney. Would be shocked if it doesn’t end amicably with something local politicos can clam credit for. Again, sky may fall hot takes are disingenuous

I simply cannot stress this enough: Dundon is taking advantage of a process was set up to go this exact way.

Directionally right but think your reason is wrong. People aren’t going to leave CA or NY for these places because of generational wealth. Would argue opposite that certain cities and opps are explicitly in those places and TX. The people with meaningful wealth that are moving already captured it. The aren’t moving to it. It’s all cost of living and affordability for majority. Being able to buy a house and you own and support a family on decent salary doesn’t create generational wealth though > if that is really your main motivation in life (don’t think it is or should be for most) Starting a successful company, owning a company, or having a piece of a huge success in finance or startups (which will still likely come out of CA or NY) is what would create it and you certainly want to start your career in centers of capital and talent to have highest odds.

Not only retirees, but you’re going to see a mass exodus of young people (late 20’s/early 30’s) who are starting a family flee states like CA and NY for the sole reason that they will NEVER be able to build generational wealth there. Much better chance to do so in other states.

Portland Vietnamese food scene is awesome. So happy for the entrepreneurs getting love for their craft and delicious products. (Most recently paper bridge review by nytimes)

Many generations can say in hindsight but it’s truly going to be an amazing time to be alive over the next 10-50 years. The massive technological advances already in motion around: - Synthetic biology > for health and longevity - Space > exploration and discovery - Ai > expediting knowledge and speed to create + build - Energy > superpowering investments above 🤯

Only caught a few Ant Edwards interviews in passing but wow he’s the real deal when it comes to competition and radical accountability. Team wins and he’s just nit picking his errors (albeit coming back 2x as fast from serious bone bruise) Hope he can stay healthy and keep putting on a show.

@markbdelaney Wow so given the geo size then 100% have to consider. Can’t imagine there will be many opps (1/m at $750k+). I’m in a 2.5m geo and see 2-3/m brokered at $600k+ 21 months sounds loosely plausible with aggressive proprietary funnel and ebitda flex

@j_coon Was shooting for $750k + EBITDA (isn't everyone), but much more interested about getting in the game. Geo is ~100k Does not want to travel far. His family is setting down roots

Have a friend < 3 months into searching. Has a strong, off market lead, on a business with a retiring owner (70s), in his town. He also has 21 months of runway saved for his search. Problem: business is $200k SDE Offer or nah?

@TheSalonDon Curious how this came up in the first place? You prompted them because of ivf or they prompted you? We are not ivf but this topic never entered the conversation so assuming it has something to do with that scenario?

Went to another OBGYN Also said a large percentage of his patients stay on SSRIs Applauded us for not taking them but implied half his patients would go somewhere else if he was strict Seems like this doctor is a better option…

Probably an influence but don’t think that has changed much in last 10yrs. Think these three are more likely and ones you have opined on? 1. People (via social media) constantly comparing themselves to others and perception of falling behind (b/c there is real income stratification) where before people weren’t inundated in comparison feedback loops 2. Too much free time (b/c less families + ppl on phones > less social connection). If you are busy you don’t have time to ruminate on your sorrows. 3. Some meaningful % is not living better than their parents financially. Phones/tech/social media is a blessing and a curse

I continue to believe that a large segment is depressed because neither their minds nor bodies are wired for the jobs they spend ~8 hours a day performing… or the locations they currently live… but they believe they have no choice but to stay on the path due to societal myths they’ve learned and are afraid to unlearn.

Consistent cardio like running. But maybe some genetics too 38m here who used to do marathons and run 3-4x/wk at 3-12miles My rhr is never over 48 unless traveling or at altitude above 6k. Usually around 46 but if actively training long distance can be closer to baseline low 40s

Can someone much smarter than me explain how @jack's respiratory rate is roughly half the average adult? 50bpm RHR is low but not THAT low, like how is this possible

Good analogy from economist on Trump through the story of his ballroom Absolutely he is gifted at identifying and articulating problems. He has consistently demonstrated an inability to convert those observations to promised solutions and outcomes that benefit the citizens he is supposed to represent. The classic overpromising and under delivering. And unfortunately for America, perverted the ideals of the country by embracing graft and bootlicking to a level not seen in generations.

Maybe Katu has the wrong numbers? This article has more clarity: ‘The bill locks in $365 million of the $600 million estimated total cost of the project, to be paid for using revenue from income taxes on Blazers players and staff, as well as "jock tax" money from the salaries of visiting players and other performers who use the arena. The remaining $235 million will come from the city of Portland and Multnomah County’ rosegardenreport.com/moda-center-re…

Super confusing. Have you seen a simplified math equation for this? City contributes $400m State $365m County? Thought the total was $600m but sounds like it’s more like $1b for a renovation? That is a juicy budget going mostly to partially open up the building/create a view to the floor from the concourse? Pretty wild. Definitely a fan of keeping the team but there needs to be some clarity and a cap for taxpayers. It’s certainly not even close to dilapidated inside.

All on board. We simply cannot lose the blazers. It would be the death of the city. I mean that sincerely.

Sounds mostly spot on to me! 💯 Still opportunity but returns/outcomes should narrow > I’m not sure that is the main motivation for most ETA folks though (anyone not raising a fund or taking others money playing dif game) 1. For sure interest rates were RE driver and some learned + jumped ship. Podcasts\youtube spread message wide and now doing same for ETA > don’t follow BP implosion? 2. Judging my friend network vs broader communities I’m plugged into ETA never really jumped the shark (dif than real estate b/c some still talk about wanting to do). Buying a biz w/ leverage still a huge risk most all don’t even consider 3. Do not think it’s over by any stretch depending on motivations and income needs (eg: certain industry Rollups and moic returns may be fewer and far between). Even if we follow the other guys data still 25% of businesses need to transact due to aging out

I have this view that small business buying has overshot its "golden peak" moment, in a similar way that real estate investing overshot when we moved from the 2010s into the 2020s Both movements mirror each other: unlikely everyday hero (usually disillusioned W-2 worker) takes action and creates wealth Success stories soon get distributed via online forums, Twitter, and podcasts, leading to broad popular movement and media coverage This is exactly what happened with the rise of the Bigger Pockets podcast in the mid-2010s. And then it came to halt when interest rates rose in 2022. And my sense is that it hasn't come back. Post BP implosion, my sense is that a lot of the RE crowd moved on to SMB ETA. This was primarily because (1) the commonly cited, much more attractive 3X-5X multiples in SMB, and (2) the perceived faster wealth compounding vs. RE (related to 1, and arguably glossing over the much higher risk profile) And then ETA got (more) challenging in the 2024-2026 period. More competition, heightened seller expectations. The thing is, ETA results lag given a typical 5-10 year (?) ownership cycle, and they're nebulous. With real estate, I think the range of outcomes is more narrow (rents cluster around the market rate, you can only control opex this much). So feedback in SMB is delayed. And my sense is that popular perception of the space is still gleaming white hot. I don't know when popular momentum will slow down. To the extent X is a leading indicator, I've already noticed a drop off in SMB content on my timeline, but who knows if this is due to the ever-changing algo. I also don't know what asset class is the next "thing". We may have achieved high levels of efficiency. There's no obvious next frontier. To be clear: I still absolutely believe in this asset class. These thoughts are more of a commentary on "what's popular and hot with the mom and pop crowd right now". We all know that the true OG acquisition entrepreneurs and operators will be successful, no matter what's popular or hot with the crowd today. They have always been, and will always be. They'll find a way.

One of my closest outdoor hikes along a flowing creek. Never old

Born in Portland and love Oregon (current Wa resident). Unfortunately the state has trended towards very poor governance over the last 10-20 years. More about feel good policies than smart and sustainable. This story on Climate Protection Program is another huge red flag example. 1. Since gov couldn’t negotiate found work around 2. Work around is actually much more expensive and unique than any other states programs 3. Because the program wasn’t done by legislators the state doesn’t control where monies get directed 🤦🏻‍♂️ Oregon will turn things around but very likely needs new and concerted leadership to do so wweek.com/news/state/202…

@KGWStraightTalk @KGWNews thanks for reporting on the tsa pay issues. It’s frustrating you don’t spend any time explaining WHY this is happening. There are very specific reasons. Whether you agree or not with why it’s happening the reporting leaves way more questions when you don’t explain why (eg: congress control spending and tsa being a part of homeland security which includes other agencies like ice) Please do better if you are going to report on this important issue

Pretty pumped for the new ownership energy for my hometown team in Portland. Expect some ruffled feathers with internal folks adjusting to a new style but great signals 1. Big ambition 2. Fresh perspective w/ adjacent experience 3. Data driven management