Will vd Byl
297 posts
Josh booked 140 meetings in 6 weeks
He must be onto something...
Join 10,000 others:
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Traditional search funds: not talked on Twitter because the conversations & deals are happening at top universities across the country and not in public
Traditional search funds are generally very different from self-funded (SBA) acquisition deals...biggest difference to highlight is the business type. A lot of traditional search are SaaS & high quality biz services/healthcare. These types of companies are usually too expensive for self funded search entrepreneur. You're also using OPM so you can pay a lot higher multiple, use less debt. Can compete with lower market private equity in terms of valuation & size. You get to play with the big dogs day 1.
Cash flow is a low relative priority...compounding is what traditional searchers & investors focus on. Aggressive compounding: big payday 5-8 years from now. 25% top line growth YoY, buying on an EBITDA multiple and selling on a revenue multiple
Entry multiples are materially higher 6.5-7x+ EBITDA. Revenue quality is higher. They've hit the size threshold & have a bit more structure than self funded deals.
I love traditional search. Exceptional model for investors and entrepreneurs alike. I have exposure to traditional search by investing in a well known fund. Will continue to allocate dollars to funds who can attract the best talent.
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Twitter makes buying a "small sweaty" business look easy.
Buying one might be, but running one isn’t.
Here are 10 times I got kicked in the nuts in SMB.
(Add yours to the bottom, and let's have this be a reference for first time buyers):
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After spending 500+ hours on ChatGPT,
I can share 1 Ultimate Prompt Engineering Secret with you.
Yes, for Free.
You don't need any more prompt templates after this one!
So here it is!
1st Step:
Give it a role. "You are Spartacus, a pro copywriter,"
2nd Step:
Define its job "Your job is to write copy for online media brands"
Third step:
Give ChatGPT the control: "Now ask me all the questions that you need to know to write a perfect copy that'd align with my brand."
**What you did here is rather than you figuring out the perfect prompt and context, you asked ChatGPT to do the hard work. Now it will give you 8-10 Questions, answer them in detail. By doing so, you are giving ChatGPT some data to be trained on. That's the trick.
Now, to make it even better do this.
4th step:
Define input: "Users will ask you to write copy for their business, brand, or anything else. It's your job to ask questions first to clarify the task and then implement the copywriting process. "
Step 5:
Define output: "You need to write in ______ style, start with the headline as a hook, write only ______ words per copy, make the copy persuasive, and use simple language"
Step 6:
Share 3-5 examples of inputs and outputs.
That's it. Your ultimate prompt is ready.
Here's how it looks.
1. Role
2. Job
3. Paste all question answers as context
4. Define input
5. Define output
6. Share 3-5 examples
Now you'll get 50x better results.
80% of AI tools are built on this prompting technique.
Thank me later.
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“How do you know a business is operating at a high level?”
These are the things I look for.
My 19 traits of top 1% performing businesses:
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It's the end for web designers, RIP.
Nope, Framer AI made them more powerful.
With the right prompt, you can have a fully responsive website in minutes.
Create stunning websites with Framer AI with this prompt cheat sheet (examples with website)
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16 questions to ask when buying a business:
1. What problem is the business solving?
2. What’s real cash flow (EBITDA less maintenance capex)?
3. How durable is the cash flow?
4. Would I enjoy and be proud of owning it for ten years?
5. Does it check all my deal criteria requirements?
6. Does the owner’s selling ‘story’ make sense?
7. How strong is the team ex seller?
8. Is the seller irreplaceable?
9. Customer risk / concentration?
10. Supplier risk / concentration?
11. Industry tailwinds or headwinds?
12. What do google reviews / third parties say about the company?
13. Does my valuation & structure meet the seller’s expectations?
14. Who do I know that owns, operates, or invests in a similar company?
15. What way can I connect personally with the owner?
16. Anything weird about the business?
Anything else??
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Some red flags to look out for when analysing balance sheets and income statements as well as some generally signs of a problematic management team👇
Dr Ola Brown@NaijaFlyingDr
You can start teaching your kids how to manage money early. How to explain EBITDA to your children👇
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Ok, here is the thread! 🧵
How did I send 34,000 emails and buy one business?
It took a long time, but in the end, I bought a great business that had >200 employees.
Bookmark if you are searching for a business to buy!
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Stop downloading chatGPT prompt guides.
Master chatGPT by actually using it.
Follow these 5 steps to make chatGPT 100x more valuable for any topic:
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Considering buying a business?
It can go VERY wrong.
And put you in the poor house.
I studied over 1,000 businesses for sale in 2022.
The 11 biggest traps for you to avoid:
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I learn much better with diagrams than with a long text.
If you're like me, this short guide is for you.
Draw diagrams for any subject using AI:
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Stop waiting to build your website.
AI can build it for you in less than 60 seconds.
Here's how to use AI to create a stunning website in a blink of an eye:
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Andrej Karpathy is a legendary AI researcher who helped start OpenAI.
He recently gave a talk on how to craft great GPT prompts that almost everyone missed.
I watched the 40 min talk - here's @karpathy's top 5 tips to make AI work better for you:
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Completed 2 weeks with a continuous glucose monitor (CGM) and figured I'd share the results/conclusions.
While nothing is surprising, here are 5 takeaways that have helped me change patterns of eating and exercise:
Hope something in here might help you.
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A guide on mastering ChatGPT for any topic
The 5 steps to make ChatGPT 100x more valuable
1/ Create a Persona: Before diving into any topic, establish the desired style, tone, and expertise for your AI writing partner.
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