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@themichelinmin

restaurant and tech cfo

Katılım Nisan 2020
678 Takip Edilen3K Takipçiler
Min
Min@themichelinmin·
our consumer product @SnappStats has taken a life of its own, and reminds me of a scene from Two for the Money where instead of Matthew McConaughey's Brandon Lang is now Snapp AI. truly an interesting situation of how the product was developed to the outcome.
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Josh Delander
Josh Delander@Josh_Delander·
Virginia Tech is hiring a Director of Front Office Analytics and Strategy. “This role will lead the integration of data science and artificial intelligence…providing actionable insights that directly impact financial strategy and competitive advantage.”
Josh Delander@Josh_Delander

I’ve been telling anyone who will listen that AI is coming to college athletics. The ROI is real. So many potential use-cases. @vibr_ai_tion is leading that charge for athletic departments.

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Min@themichelinmin·
@_robyn_smith i own a few! neighborhood, live sushi; medium, okane. i also have one that breaks the bank also
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robyn
robyn@_robyn_smith·
What's the best omakase in sf that doesn't break the bank please it's an emergency!!!
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Min@themichelinmin·
@SMorrison_ Completely. We have a bookkeeping firm to help athletes manage this if any are interested. Ex-JPM banker, CFO and family office owner.
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Scott Morrison, CFP®
Scott Morrison, CFP®@SMorrison_·
$1,200,000. College Athlete. 1099 Income. Here’s what nobody tells NIL athletes pulling real money: The moment your first revenue share or NIL check cleared, you became a small business owner. The IRS doesn’t care that you’re a student-athlete in college. They don’t care that your earning window might be just a few years. They want their cut. Today. Here’s what we did to keep serious money in his pocket instead of sending a check to Uncle Sam: 1️⃣ LLC taxed as an S-Corp Put him on his own payroll and paid him a reasonable salary. The rest? Taken available as distributions. Stops 15.3% self-employment tax from gutting every endorsement check. → Saves tens of thousands of dollars. 2️⃣ Maximize business deductions Training. Recovery. Content production. Travel. Equipment. Agent and legal fees. Home office. The real cost of running a 7-figure brand, finally run through the entity. → Saves tens of thousands of dollars. 3️⃣ Solo 401(k) $24,500 employee + $47,500 employer = $72,000 deferred for retirement. At age 20 with 45 years of compounding ahead, that single contribution can grow to millions of tax free money. And we plan to do this every year that we’re earning 1099 income. → Saves roughly $26,000 per year. 4️⃣ Pass-Through Entity Elective Tax State tax paid at the entity level. Sidesteps the federal SALT cap. → Saves about $30,000 5️⃣ Backdoor Roth IRA $7,500 in. Tax-free growth for life. At 20 years old, this is the highest-leverage account he’ll ever own. 6️⃣ Donor Advised Fund / his own Private Non-Profit Builds a giving legacy. Aligns with his personal brand. Generates real federal deductions. → Saves $15,000–$40,000+, depending on giving level Total tax savings for 2026: $150,000+ This is what we do. Same story every time with NIL athletes earning 6 and 7 figures: → Treating the income like an allowance → Spending before structuring → Trusting the same tax preparer their family used for W-2 income their whole life You’re not a college kid with a side hustle. You’re the CEO of a 7-figure personal brand. Your team should look like one. 📍 If you want to see where you stand with your money, take our Moment Money Quiz and find out in two minutes 👇
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Min@themichelinmin·
@clharrington024 sigh, this is why AI will have a tough time. you need just good accounting people to understand what's important versus not.
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Christine
Christine@clharrington024·
My husband worked in D1 athletics when we were first married and one of the most insane stories of bureaucracy run amok is as follows: My husband was in charge of booking the rooms and meals on away trips for the MBB team. The team would use the hotel ballroom to watch film the night before the game and they would pay for “snacks” at night for the team. Often this would be charged as $25-30 per person for an ice cream sundae bar or similar. Well, the university tells everyone to find ways to save money. So my husband determines an easy way is to stop buying the ice cream sundae package and instead just buy some ice cream from the local grocery store. He does this on a few trips. A few weeks later he gets called into accounting and grilled because the receipts for the grocery store ice cream don’t itemize per ice cream bar. “How do we know how many they are getting?” My husband was baffled, who freaking cares how many ice cream bars they are getting, we are saving money. Nope. The accounting dept just wanted clean line items - one charge per person. My husband went back to charging the university for the ice cream bar at the hotel and no one ever complained or questioned. And this is why universities are broke and why I never donate any money.
KC NoDak Brim 🇺🇸@brim006

What radicalized you?   For me, it happened back in my freshman year of high school in the early 2000s. The head coach of our hockey team believed in getting the team home to our own beds after road games no matter what instead of staying in hotels. Hotels were a distraction. With no hotel costs, he wanted to use the money to upgrade our road meals. Nothing fancy, just basic meat and potatoes type places like Cracker Barrel or Perkins instead of cold Little Caesars on a dark January bus ride home across rural North Dakota. The athletic director and superintendent shut the idea down and basically just absorbed the savings from his no hotel policy into the athletics budget. So after that our coach, the other assistants, the parents, and us players started fundraising in the off‑season in hopes to get better meals on the road. The first year went great. We raised a ton and were easily able to have nicer sit down meals on every single trip. We all sat together at big tables, had actual food choices, ate healthier and built even more camaraderie. It was fantastic all around. But then other sports teams and parents caught wind. It was seen as unfair. The AD, principal, and superintendent demanded we stop, in order to keep things “equal” across all sports at our public school. They even tried to force our coach to hand over the privately raised money so it could be redistributed. Thankfully, our coach was an old‑school Canadian ex‑pro hockey player who didn’t take shit from anyone, and told them to F off, and we continued with our meatloaf road meals as planned. The principal and AD eventually backed off, but the superintendent had a vendetta against our team and probably mostly just our coach so he never stopped. He even went as low as instructing bus drivers not to take us to the restaurants we’d planned for on the road. Our coach always overrode it, once even driving the bus himself since he had the license from coaching cross‑country. Over the next few years we continued the fundraising for better meals. Some of the other teams, and other parents continued to badger the supt., our coach and even sometime us players about it instead of just joining us in fundraising. Watching peers and especially some of our own “leaders” work so hard to sabotage a positive thing for us was eye opening and really stuck with us. It gave us an early look at how petty and nefarious and systems and people can be, even at the local level. And honestly, in the end, all it did was radicalize about 30 teenage hockey players for the rest of their lives who walked away believing “equality” was the dirtiest word in the English language. 😂

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Min@themichelinmin·
There are only two majorly investable segments right now. - HALO (heavy assets, low obsolescence) industries which require a human component in order to make it special. Restaurants, sporting events, service industries. The value will grow immensely as these experiences will not be able to be replicated by AI as the magic won't be there. - AI technology is coming, and it is changing the landscape everyday. As the tools and technology become more powerful, people's experience, taste and ability to drive big moves will be the main critical part of driving impact versus the execution of a task list. Sports was viewed by technology investors as a difficult place to invest in. Historically, investors were spurned by slow sales cycles, limited budgets and scalability. This same approach was told when I wanted to leave my tech banking career to follow a restaurant career. "Restaurants always lose money...they have a high failure rate...etc." Yes, these industries might not be easy, but running any type of business is hard. It's just do you have a competitive advantage? We will find out!
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Min@themichelinmin·
there is not enough compute for demand. just like old data center scenario for cloud, build and build, although the main delta is the way workflow is changing and not just network architecture.
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Min@themichelinmin·
I don't understand if people understand cash flow from other businesses being able to fund compute capex. Who can beat $goog?
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Min@themichelinmin·
@Codie_Sanchez i completely agree, although that's the reason why some layoffs already occurred
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Codie Sanchez
Codie Sanchez@Codie_Sanchez·
Prediction: We will start to see “AI layoffs” as token spend becomes a significant line item on a P&L.
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Min@themichelinmin·
How hard is it to win a Michelin star? In the US, there are currently 278 Michelin-starred restaurants, which is about 0.037% of all US restaurants, fewer than 4 in every 10,000 restaurants. To just be in the Guide as a recommended or listing, the odds are 0.2% of global restaurants are mentioned in the guide. To win against all odds and to have five restaurants across three restaurant groups (Yeobo Darling Restaurant, Itria Restaurant Group, Niku, Prelude and Omakase), it takes great partnership, but also a conviction to what you are trying to deliver on. The belief that your product will connect with the customer in the way that it is desired. It's the ultimate challenge of entrepreneurship, but the best part of the space is that it is so tangible and you can feel the moments you are delivering on.
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Min@themichelinmin·
Sports is in the hospitality business and its labor numbers are exploding. Add that to all of the other services that are increasing and you really have a situation where the current fan base might be unable to add more dollars to make up the deficit. As a result, sports teams need more fans.
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Brooke LeBlanc
Brooke LeBlanc@brookeleblanc·
best dinner I’ve had in sf — Izzy’s in the Marina. didn’t realize how much of a foodie I’ve become living in nyc the past 7 years.
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Min@themichelinmin·
I was headed back into retirement after opening Yeobo Darling Restaurant last year. That project took two years of planning and construction and if it luckily went well, I had already begun the process of winding things down professionally. But a moment last year taught me life is short, and the time is now. As someone who helps create moments for others, whether at the restaurants or for sports, I wasn’t ready to give up creating moments yet for myself. It’s been an exciting ride and there was reprioritization involved, but life isn’t about the final dish at the table, it’s about the process of building everything to that moment. Hope to see everyone along that journey and adventure.
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Katie Mishra // Khosla Ventures
Katie Mishra // Khosla Ventures@katieruthmishra·
growing up I learned a lot about poker and a lot about life from @WSOP champ @phil_hellmuth. co-hosted a 50-person tournament with him last week hmu if you wanna join my may game, or if you want phil as an investor! he's a v active & fun angel 😇
Katie Mishra // Khosla Ventures tweet mediaKatie Mishra // Khosla Ventures tweet media
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Alex Tomala
Alex Tomala@a__tomala·
@themichelinmin @SarahAllali7 @TarlonKhoubyari tbf, i haven't seen any info about it and i think many celiacs tend to be paranoid about restaurants that don't have a preexisting reputation for being good at preventing cross contamination
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Tarlon
Tarlon@TarlonKhoubyari·
short list of the best places to host a dinner in sf: - arcana - lazy bear - the progress - foreign cinema - la mar - penny roma - flour + water (mission) - piccino (presidio) - dalida - park tavern
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Min@themichelinmin·
@alexisohanian Hey! Love this thesis and completely agree. We are trying to bring AI to the sports world and are backed by speedrun, would your sports properties be interested in connecting?
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Alexis Ohanian 🗽
Alexis Ohanian 🗽@alexisohanian·
Women's sports now officially "institutional-grade investment category." Morgan Lewis published a formal investment brief calling women's sports a maturing asset class w structural long-term tailwinds. Revenues, media rights, + franchise expansion fees all climbing. Proj. 250% market growth.
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