Reza Jafer

Tracking the wrong YouTube metric can send your channel in the wrong direction. If you figure out what you want to build first, the right metric becomes obvious.

@GrantHensel If you have a single SPV for your LPs on the cap table, is the SBA looking through that to each LP?

🚨 Did the SBA just slam the door on investor equity in self-funded search? They seem to be applying a “one strike and you’re out" rule to minority investors. WHAT HAPPENED: Historically, anyone who personally guaranteed an SBA loan and became delinquent or in default was barred from getting another SBA loan. This makes sense. But now, it seems like the SBA has expanded that rule to ALSO cover minority investors (who are not signing the personal guarantee and do not have any operational control). This is not a change the SBA has publicly announced. We found out about it the hard way on a recent deal when the SBA told the bank that 100% of beneficial owners cannot be people who participated in past SBA-backed deals that have gone into delinquency or default. We had to remove two small investors from our fund to get the deal done. This is apparently related to an ETRAN update, in which the system no longer distinguishes between the majority owner/operator/guarantor and minority investors when applying the eligibility rules. The rule appears to be: If you invest $1 into an SBA-backed acquisition, and that deal goes bad, you can never participate in an SBA transaction again. Ever. This is true even if you're an LP in a fund investing in SBA deals, and one of their SBA investments goes belly up. (Needless to say: Entrepreneurial Capital LPs, we are pausing SBA investments while we work to get more clarity here; fortunately our non-SBA pipeline is robust) WHAT IT MEANS IF THIS IS TRUE: Minority investing in SBA deals becomes much more difficult. The risk for an investor is dramatically higher than before. And even those investors willing to take the risk are apparently banned for life once a single deal goes bad. The SBA deals with the most outside equity are the larger transactions, businesses with $1m+ of EBITDA. If this is true, competition for those businesses will likely decrease, because SBA debt will effectively only be usable by people with enough money to do the entire equity injection themselves. That means a smaller buyer pool, and lower multiples. (Favoring well-capitalized buyers at the expense of those with less personal capital) MY QUESTION: Is this what others are seeing, or is there a bigger picture here?

X - your ability to connect ppl is 👌 so here it goes: We’re diving deep into the M/E/S engineering space and looking to speak with operators/advisors/people knowledgeable about the space and open to a 30 min chat. If anyone comes to mind please tag or DM :)!

@walls_jason1 @mcuban Love this story! AI is the equalizer now

Yesterday Mark Cuban reposted my work, DM'd me, and told me to keep telling my story. So here it is. I'm a Master Electrician. IBEW Local 369. 15 years pulling wire in Kentucky. Zero coding background. I didn't go to Stanford. I went to trade school. Every week I'd show up to a home where someone just bought a Tesla or a Rivian. And every time, someone had already told them they needed a $3,000-$5,000 panel upgrade to install a charger. 70% of the time? They didn't need it. The math is in the NEC — Section 220.82. Load calculations. But nobody was doing them for homeowners. Electricians upsell. Dealers don't know. And the homeowner just pays. I got angry enough to build something about it. I found @claudeai. No coding experience. I just started talking to it like I'd explain a job to an apprentice. "Here's how load calcs work. Here's the NEC code. Now help me build a tool that does this." 6 months later — @ChargeRight is live. Real software. Stripe payments. PDF reports. NEC 220.82 calculations automated. $12.99 instead of a $500 truck roll. I'm still pulling wire. I still take service calls. I wake up at 5:05 AM for work. But something shifted. Yesterday @vivilinsv published my story as Claude Builder Spotlight #1. Mark Cuban saw it. The Claude community showed up. And for the first time, I felt like this thing I built in my kitchen might actually matter. I'm not a tech founder. I'm a dad who wants to coach little league and be home for dinner. I just happened to build something that helps people. If you're in the trades and thinking about using AI — do it. The barrier isn't technical skill. It's believing you're allowed to try. EVchargeright.com

@amanmathur_ Yes

I should tweet more

@stephenolmon @polsia What have been your top 3 use cases?

Try @polsia please Wow

@indexsy META

REPEAT AFTER ME OpenClaw can manage Meta ads better than 99% of agencies Hook it to your ad account and it: → Monitors campaigns 24/7 and flags what's bleeding budget → Kills underperforming ads before they drain your wallet → Scales winning creatives automatically → Reports performance in plain English — no dashboard needed Your AI agent just became your media buyer. RIP AGENCIES Comment "META" + bookmark this → I'll DM you the free setup guide (must be following)

@paulswaney3 @chicfryrice Link to source?

@chicfryrice They are shooting women In the streets for revealing their hair If we don’t, no one else will

Can I get a clear answer on this…why are we involved with the Iran stuff at all???

@PEoperator @SimonJalbert on LinkedIn

What are the best resources or accounts to help me learn what a company can do with Claude?

@stephenolmon Plan D intact!

Got invited to interview for an entry level job at a defense contractor today Still got it!

@BigJohn043 $50M is so far away tho 😭🥴

Owning any small business is not a passive investment. And by small I mean at least <$20M of EBITDA and maybe up to $50M.

Ran to a convenience store last night for my kids’ lunches. After paying, a person in need approached asking for money or food. We filled a basket together, I paid, we parted. Can’t tell you how ridiculous I felt holding coconut water

@thesamparr When are you going to tell @ShaanVP about 1. 😂

Two things I think we should discourage: 1. online gambling...sports and predictive markets (or how ever they wanna rebrand it). 2. selling stock picking newsletters. yeah, there are a FEW ballers who do it and maybe it can be neat. But its generally pretty dumb. its nuts how many young men i know are addicted to this online gambling. huge!

@PrivatEquityGuy Lee is such a good follow on LinkedIn too! Distribution as a lever is definitely part of PE 2.0. Figuring out my voice online still but that’s the goal for ‘26. Great summary!

It just takes reading the comments where people who buy companies say they’re really leaning into their experience as operators and providing guidance, playbooks, knowledge sharing, and some shared services to help their portfolio companies gain operational leverage. This approach helps differentiate them as buyers and preserves what’s valuable about the companies they buy (their culture, autonomy, focus on client work, and experience).

many such cases

@JeremyDeMello @patrick_oshag @bendingspoons The pod was excellent! Never heard of @bendingspoons and now I want to emulate them lol

@patrick_oshag @bendingspoons @rezajafer I think you’ll find this interesting

Luca Ferrari is the co-founder and CEO of @bendingspoons, one of the most fascinating companies in Europe and just became Italy's first decacorn. He describes it as 25% private equity firm and 75% technology company. They fully acquire and rebuild digital companies like Evernote, Vimeo, and most recently AOL. @luke10ferrari shares exactly how the Bending Spoons playbook works — how they find great businesses, improve every core function, and finance them with both debt and equity to own and operate forever. We also talk about his obsession with attracting and developing exceptional talent and why he's determined to build a generational company in Europe. Enjoy! Timestamps 0:00 Intro 0:30 What is Bending Spoons? 4:30 Why Europe Lacks Trillion-Dollar Companies 7:25 The First Test: From Failure to Founding 10:52 The McKinsey Years & Funding Co-founders 13:24 The Strategic Insight: Why M&A Over Building 16:13 Structural Advantages of the Platform Model 21:00 Talent as the Ultimate Edge 22:50 Rejecting Consensus 26:28 Early Days: From $10K to Billions 30:52 The Evernote Transformation 36:17 Pricing Power & Monetization Sophistication 40:32 Valuation & Deal Discipline 44:52 Financing Strategy 1:01:47 No Variable Pay: A Contrarian Approach 1:04:14 Areas of Dissatisfaction & Regulatory Frustration 1:09:25 Raising Europe's Largest Private Debt Round 1:13:28 AI's Impact on Software Businesses 1:17:26 Building Culture: State of the Spoon & Retreats 1:20:20 Why There Aren't More Bending Spoons 1:23:35 The Kindest Thing

@BuySellSMB 🚀 clearly

@TihoBrkan Did you listed to the @AcquiredFM pod recently?

All of a sudden, everybody has become an Alphabet $GOOGL bull. Three quarters ago, you couldn't find a person to buy its shares. It's incredible to watch in real time, as our largest holding is now rising parabolically.

@jxbusiness Sign of a good party

@bearlyai @TrungTPhan Finally!

LinkedIn released a new AI-powered people search tool. Traditional search targets exact names, locations, companies and jobs. Now, users can do descriptive queries: “Northwestern alums who work in entertainment marketing” or “Who can help me understand the US visa system?”