Jason Harinstein

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Jason Harinstein

Jason Harinstein

@jharinstein

Dad to 3 XXs. CFO at Collectors. Former Flatiron Health, GRPN and GOOG. Yankees and Devils. NU.

Katılım Eylül 2008
371 Takip Edilen1K Takipçiler
davidlee
davidlee@davidlee·
Pride only hurts, it never helps. -Marcellus Wallace "We make them in charge. My teams have to work for them, which makes them really unhappy. And not many of them like it. But I'm like, look, these guys went out there, raised money, kicked your ass in your category, and you want them to work for you? That makes no sense to me. You're going to work for them. Learn from them."
TBPN@tbpn

"I don't think many tech companies execute M&A well." Palo Alto Networks CEO @nikesharora breaks down his strategy for successful M&A: "Purchase price is an irrelevant artifact. If it's going to work, it's going to work phenomenally well, or you're going to screw it up. It's not what you paid, it's what you're able to do with it." "You could say that Instagram was expensive, or YouTube was expensive, or DoubleClick was expensive. They all worked perfectly. AOL Time Warner is a different story. So it boils down to how you execute past the price you pay for it." "In tech, when you buy a company, you buy a team, you buy an existing product, and you buy a roadmap for the future. The question is: can you deliver on that roadmap? Can you accelerate that roadmap? Does it work?" "We sign a term sheet, and we ask the founders to sit with our team and redesign the product roadmap so we like it and they like it. And if they don't agree with our expectations and we don't agree with theirs, we don't buy the company." "We make them in charge. My teams have to work for them, which makes them really unhappy. And not many of them like it. But I'm like, look, these guys went out there, raised money, kicked your ass in your category, and you want them to work for you? That makes no sense to me. You're going to work for them. Learn from them." "So our job is to enable these people. We look at them and say, whatever your business plan was when you were a small private company, find me a business plan that's twice as assertive and bold as the one you had then." "We've built a phenomenal system to take them to market. I have 3,000 people in the field... 3,000 people go out there and see 10,000 customers. So that's where the secret sauce kicks in." "We've bought 34 companies so far. I think our hit rate on things that have worked is over 70%."

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Darren Rovell
Darren Rovell@darrenrovell·
Line to welcome back Jack!
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Jason Harinstein
Jason Harinstein@jharinstein·
@darrenrovell Someone just needs to keep Jack away from the knives tonight celebratory dinner
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Darren Rovell
Darren Rovell@darrenrovell·
That’s the best Jack Hughes interview he’s ever given — as the teeth are falling out of his face.
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Benny Johnson
Benny Johnson@bennyjohnson·
This is the best post-game interview in the history of sports. 24 year-old Jack Hughes from Florida, who scored the game winning golden goal against Canada for Team USA: “This is about our country. I love the USA. I’m proud of Team America…” 🇺🇸
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The Hockey News
The Hockey News@TheHockeyNews·
Jack Hughes: the first player in hockey history to have a Bar Mitzvah and a Golden Goal! Pretty cool!
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davidlee
davidlee@davidlee·
I've been around a lot of elite athletes (kind of a lie) but there's something special about a professional hockey player: They're all Jason Statham types. 6'+, 200 lbs+ of pure granite, speed, power and not afraid to fight. @markmessier is the archetype. Baddest man on the planet
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Jason Harinstein
Jason Harinstein@jharinstein·
@ryancohen This is why I personally buy stock in companies where I’ve joined the board.
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Ryan Cohen
Ryan Cohen@ryancohen·
The Hollow Men American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider. By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants. These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition. In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken. Today, we have severed that link. We have rigged the game so that heads, the Insider wins; tails, the shareholder loses. If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived. This looting starts in the boardroom. We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year. Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor. And for what? Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love. They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders. And what happens when these boards hire executives who also have no personal capital at risk? We get the Delegation Economy. When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know. This is not management. It is intellectual money laundering. They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake. While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us. If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag. The time for polite governance is over. If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.
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Jeff 🔴⚫️🔴
Jeff 🔴⚫️🔴@JMC9787·
The Devils absolutely suck and it’s inexcusable. At this point, I don’t care who is moved. Nico, Jack, Timo, Bratt - I really don’t care. The team is so horribly broken. They say, “Don’t throw the baby out with the bath water.” But I don’t know which is which. So toss it all.
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Colin Hudson
Colin Hudson@BeckettGMColin·
Hi everyone, I'm Colin Hudson, the newest General Manager of Beckett. I spent the past 3+ years at Collectors, and am excited about playing a role in writing the next chapter of the Beckett story. I want to engage with the collector community here and get your perspective around how we can improve Beckett's suite of services (and yes, we are focused on improving those turnaround times ASAP!)
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JP Gambatese
JP Gambatese@jp_gambatese·
Call me an optimist, outrageous, an idiot — whatever. I still think the #NJDevils are a playoff team when it’s said and done. Has this been a brutal, brutal stretch of hockey? Certainly. Are there many issues to fix? Undeniably. The process has *mostly* been there.
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