Rish

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Rish

Rish

@mrfundible

Raised 200M capital for startups @scalekitcapital @geniecreditai https://t.co/q2yzrLgOC2

Palo Alto, CA Katılım Ağustos 2024
78 Takip Edilen43 Takipçiler
Rish
Rish@mrfundible·
What’s better starting a business or acquiring a business?
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Cole Grinde
Cole Grinde@GrindeOptions·
We need more highly intelligent and highly innovative entrepreneurs to create in the USA now more than ever. Who is going to create the next $AAPL? Who is going to create the next $TSLA? Who is going to create the next $SPCX? Who is going to create the next $NVDA? Who is going to create the next $WMT? Who is going to create the next $PLTR? Who is going to create the next $AMZN? Who is going to create the next $RKLB? Who is going to create the next $META? Who is going to create the next $MSFT? Who is going to create the next $GOOGL? Who is going to create the next $JPM? Who is going to create the next $HOOD? Who is going to create the next $AMD? Who is going to create the next $MNST? Who is going to create the next $CAT? Who is going to create the next $WM?
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Rish
Rish@mrfundible·
Are you bootstrapping or raising capital ?
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Rish
Rish@mrfundible·
Are you building from scratch or acquiring existing businesses ?
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Thomas Trimoreau
Thomas Trimoreau@TTrimoreau·
Are you building something people actually want ?
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Rish
Rish@mrfundible·
If I lost everything tomorrow & had to start over with $1,000... I wouldn’t day trade. I wouldn’t start an AI agency. I wouldn't invest in the stock market. Id deposit 1k to borrow 10k I’d use 10k to borrow 100k And I’ll use 100k to buy a $1M business
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Rish
Rish@mrfundible·
@Codie_Sanchez Boring businesses are hard to manage Buy Ai softwares with 0% business credit
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Codie Sanchez
Codie Sanchez@Codie_Sanchez·
A reminder that no matter what you're going through today... Millions of our veterans died so you could persevere through it. Keep going... may this Memorial Day remind you how far you've actually come.
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Rish
Rish@mrfundible·
@benkellyone Boring businesses are hard to manage Buy Ai softwares with business credit at 0%
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Ben Kelly
Ben Kelly@benkellyone·
My honest definition of "making it": Waking up without an alarm. Saying no to things that don't matter. Being present at dinner without a phone. Not flinching when something breaks. Knowing your family is taken care of if something happens to you. Wealth isn’t a number. It's a feeling.
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Rish
Rish@mrfundible·
I bought a $300,000 business with a business credit card at 0% Not a loan Not investors Not an SBA application that takes 6 months and still says no A credit card Here’s exactly how it paid itself off in 14 months Most people think credit cards are for groceries and airline miles Business credit cards are a completely different instrument 0% APR for 12 to 18 months $50,000 to $100,000 limits per card No collateral required No equity given up Approved in days not months Stack 3 to 4 of them in the right sequence and you have $200,000 to $300,000 ready to deploy The acquisition Found a SaaS tool on Flippa doing $18,000 a month in recurring revenue 86% profit margin Fully automated One founder built it, got bored, listed it for 18x monthly profit Purchase price: $324,000 The funding stack Chase Ink Business Unlimited: $85,000 at 0% Chase Ink Business Cash: $90,000 at 0% Amex Blue Business Plus: $75,000 at 0% US Bank Business Platinum: $74,000 at 0% Total: $324,000 Sequenced across bureaus so each bank saw a clean file One morning The closing Wired funds through Melio to the seller 2.9% processing fee — $9,396 total Only real money out of pocket Day one the business was already generating $18,000 a month The payoff math Monthly revenue: $18,000 Card minimums on $324,000: $6,500 Net profit month one: $11,500 Every month the business paid the cards and handed me the difference Month 14: cards paid off in full from business cash flow I now own a $324,000 asset free and clear Total personal capital invested: $9,396 Comment “Buy” and I’ll show you exactly how we build the funding stack and find the deal
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Rish
Rish@mrfundible·
@benkellyone These are all heavy managed businesses I’d recommend buying Ai softwares Just put in an LOI for a software that makes 10k/m with less than 2% churn
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Ben Kelly
Ben Kelly@benkellyone·
Industries that existed before you were born (& will exist long after you retire): • Plumbing • Electrical services • HVAC • Pest control • Waste management • Commercial cleaning • Accounting • Funeral services Not glamorous. Not viral… But not going anywhere.
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Rish
Rish@mrfundible·
Reality is you can’t You still need initial down payment Finding investors/credit sponsors and giving up equity is redundant Raise capital through credit stacking and use the downpaynent to close on SBA ( simple)
Rish@mrfundible

@benkellyone Reality is you can’t You still need initial down payment Finding investors/credit sponsors and giving up equity is redundant Raise capital through credit stacking and use the downpaynent to close on SBA ( simple)

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Rish
Rish@mrfundible·
@benkellyone Reality is you can’t You still need initial down payment Finding investors/credit sponsors and giving up equity is redundant Raise capital through credit stacking and use the downpaynent to close on SBA ( simple)
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Ben Kelly
Ben Kelly@benkellyone·
If you want to learn exactly how you can purchase your first small business with little to no money down... DM me "SMB" I'll take you through my step-by-step strategy to help you acquire a lucrative business.
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Ben Kelly
Ben Kelly@benkellyone·
I started with $5k and 0 experience. 7 years later: • 8 boring businesses • 20 hours a week • $900k/year I love this game.
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Rish
Rish@mrfundible·
POV : Raising $1M looks like through credit stacking
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Rish
Rish@mrfundible·
@hthieblot You’ll never go broke if you get addicted to raising capital through banks
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Hubert Thieblot
Hubert Thieblot@hthieblot·
Please get addicted to talking to your customers as a founder
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Rish
Rish@mrfundible·
You’ll never go broke if you get addicted to raising capital through banks
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Rish
Rish@mrfundible·
@1Umairshaikh Biggest lie in startup You can launch without money
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Umair Shaikh
Umair Shaikh@1Umairshaikh·
The biggest lie in startups: “Once this launches, things will calm down.”
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Rish
Rish@mrfundible·
@benkellyone It took me 30 days to buy an Amazon business using credit stacking Now that business produces 65k/month
Rish tweet media
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Rish
Rish@mrfundible·
@hunterjisaacson Use the banks money to buy business instead of trading time for money
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Hunter J. Isaacson
Hunter J. Isaacson@hunterjisaacson·
Once you have enough money invested to live off the gains and never touch the principal You’re free Until then, back to work
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Rish
Rish@mrfundible·
How to raise 500k without giving up equity ? Me : Credit stacking
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