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70% of second businesses fail after an exit. Anastasia Koroleva studied post exit founders for 13 years and came on Moneywise to explain why. Her exit: -Built a bootstrap company to a "nine-digit" exit (over $100M) -Lost half her net worth through divorce and "stupid mistakes" -Now worth high...

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Sam Parr

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42,820 Aufrufe • vor 1 Jahr •via X (Twitter)

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The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M He has “no income right now” and is “looking for internships”... Vinay Hiremath has a wild post-exit story. we talked about it on Moneywise: -Turned down $60M in retention bonuses that would've vested over 4 years -Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking. -He had a post go viral about his identity crisis after selling (1.5m views) So I asked about his money situation now: -Monthly spend: $25K (with $12K on NYC rent) -Net worth allocation: 50% cash, 30% equities, 20% bonds/other -Most expensive post-exit purchase: iPad Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer (can you imagine the founder of a billion-dollar company being your intern?) On the pod he explains why he’s betting his future on physical products instead of software and investing… The full episode is live now. Check it out.
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The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M He has “no income right now” and is “looking for internships”... Vinay Hiremath has a wild post-exit story. we talked about it on Moneywise: -Turned down $60M in retention bonuses that would've vested over 4 years -Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking. -He had a post go viral about his identity crisis after selling (1.5m views) So I asked about his money situation now: -Monthly spend: $25K (with $12K on NYC rent) -Net worth allocation: 50% cash, 30% equities, 20% bonds/other -Most expensive post-exit purchase: iPad Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer (can you imagine the founder of a billion-dollar company being your intern?) On the pod he explains why he’s betting his future on physical products instead of software and investing… The full episode is live now. Check it out.

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1,984,990 Aufrufe • vor 1 Jahr

Dan sold his company for $100M, but his net worth hasn't budged in 7 years. Why? He broke it down on Moneywise: -$20M net worth (same as when he exited in 2018) -$10M liquid, $10M illiquid -Spending $1M+ per year -Bought a $7.5M NYC apartment -Invested in 20+ startups (many struggling) -Blew $80k on NFTs that are now worthless He's doing this deliberately. His philosophy: "I don't need to just sit on this nut and wait for it to grow." Monthly budget: $40k Actual spend: $80-100k Most surprising part: For a guy who sold his company, got rich, and moved to Idaho, he's still searching for belonging. Says his identity crisis comes from: -Being adopted at 2 days old -Dad abandoning him at age 2 -Immigrating to US at age 8 not speaking English "I constantly searched for belonging. I didn't know where I belonged." His advice post-exit? Don't rush into angel investing. Park your money somewhere boring. But more importantly: "Spend money on something that can help you open your next chapter." Because a bank account full of millions won't fill what's actually missing. Episode is live, check it out.
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Dan sold his company for $100M, but his net worth hasn't budged in 7 years. Why? He broke it down on Moneywise: -$20M net worth (same as when he exited in 2018) -$10M liquid, $10M illiquid -Spending $1M+ per year -Bought a $7.5M NYC apartment -Invested in 20+ startups (many struggling) -Blew $80k on NFTs that are now worthless He's doing this deliberately. His philosophy: "I don't need to just sit on this nut and wait for it to grow." Monthly budget: $40k Actual spend: $80-100k Most surprising part: For a guy who sold his company, got rich, and moved to Idaho, he's still searching for belonging. Says his identity crisis comes from: -Being adopted at 2 days old -Dad abandoning him at age 2 -Immigrating to US at age 8 not speaking English "I constantly searched for belonging. I didn't know where I belonged." His advice post-exit? Don't rush into angel investing. Park your money somewhere boring. But more importantly: "Spend money on something that can help you open your next chapter." Because a bank account full of millions won't fill what's actually missing. Episode is live, check it out.

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My conversations with Frederik Brandis, one of the key minds and early investors behind Arsipa, which built a platform through 40 acquisitions and had a $150M exit to Warburg Pincus just three years after its founding. We discuss what separates AAA entrepreneurs from everyone else, why emotional intelligence matters more than pedigree, how Frederik evaluates founders before they've built anything and why buy-and-build remains one of the most attractive opportunities in investing. We also explore: - What makes an exceptional buy-and-build entrepreneur - The biggest misconceptions about roll-ups and ETA - Lessons from scaling through 40 acquisitions - When to sell - and why leaving value for the next owner matters Enjoy! Timestamps 0:00 The gap in private equity that led to Aven Capital Partners 6:04 What makes a true "AAA Entrepreneur" 9:00 How Frederik evaluates founders before they've built anything 13:34 Is now still the best time for buy-and-build? 16:43 The Arsipa story: from first investment to major exit 20:20 Why Frederik chose investing over becoming a searcher 23:39 Biggest lessons after watching 40 acquisitions 27:00 Holding periods, exits & leaving upside for the next owner 32:50 Designing businesses that private equity actually wants to buy 37:16 How young entrepreneurs earn credibility without pedigree 43:25 Why many searchers and roll-up founders fail 46:06 Frederik vision for building operating system for buy-and-build

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What is it like to grow up in one of the most talked about families in the world? Well, today’s guest is Ivanka Trump - someone who’s lived much of her life in the public eye, from childhood through business, and all the way to the White House. From a young age, her life was anything but normal. She grew up surrounded by media attention and moments that most people could never relate to. At just nine years old, she was dealing with reporters outside her school during her parents’ divorce - an experience she says shaped how she saw trust and the world around her. As she got older, that pressure didn’t go away. She built a career in real estate before stepping into government and working at the highest level during one of the most intense political periods in recent history. I found myself coming back to something we discussed around how living under that kind of scrutiny forces you to get really clear on who you are, because if you don’t, the world will define it for you. And a lot of this conversation comes back to that idea. Being intentional with your time and your decisions, and even what you allow into your mind, because without that, it’s very easy to get pulled in a direction that isn’t really yours. I wanted to know: - How do you grow up under constant public scrutiny? - What does pressure actually do to a person over time? - How do you know who to trust when you’re in the spotlight? - What is power really like behind closed doors? There’s a moment where she reflects on how, for a long time, protecting herself meant building walls and not trusting people, but over time she realised those same walls can stop you from having real connection. Let me know your thoughts after watching this one.
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What is it like to grow up in one of the most talked about families in the world? Well, today’s guest is Ivanka Trump - someone who’s lived much of her life in the public eye, from childhood through business, and all the way to the White House. From a young age, her life was anything but normal. She grew up surrounded by media attention and moments that most people could never relate to. At just nine years old, she was dealing with reporters outside her school during her parents’ divorce - an experience she says shaped how she saw trust and the world around her. As she got older, that pressure didn’t go away. She built a career in real estate before stepping into government and working at the highest level during one of the most intense political periods in recent history. I found myself coming back to something we discussed around how living under that kind of scrutiny forces you to get really clear on who you are, because if you don’t, the world will define it for you. And a lot of this conversation comes back to that idea. Being intentional with your time and your decisions, and even what you allow into your mind, because without that, it’s very easy to get pulled in a direction that isn’t really yours. I wanted to know: - How do you grow up under constant public scrutiny? - What does pressure actually do to a person over time? - How do you know who to trust when you’re in the spotlight? - What is power really like behind closed doors? There’s a moment where she reflects on how, for a long time, protecting herself meant building walls and not trusting people, but over time she realised those same walls can stop you from having real connection. Let me know your thoughts after watching this one.

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Today I walk with Ann Miura-Ko 🦖, co-founding partner of Floodgate. Ann has spent almost 18 years building Floodgate around a deliberately small, non-consensus fund model, made early bets on companies like Lyft and Taskrabbit, and teaches entrepreneurship at Stanford, and now she's watching AI rewrite the lean startup playbook in real time. She gets into the AI agent inside one portfolio company that quietly caught millions of dollars in missed credit, and why she believes not losing is not the same as winning. We get into: - Why she waited nearly 18 years to grow Floodgate's fund size, and how staying small means a $1 billion exit still moves the needle for her investors - Making debate opponents cry for a slice of pizza, and the permission that gave her to be disagreeable for the rest of her career - SmarterDx, the company she couldn't get other investors to take seriously at Series A, that went on to exit for over $1 billion - The math behind "founder friendly" investing, and why a $100M exit barely registers against a $1 billion fund So much more! (00:00) Ann Miura-Ko, Co-Founding Partner, Floodgate (01:35) Making debate opponents cry for a slice of pizza (05:41) Truth-seeking VS defending your ego (11:12) How Mike Maples treated her as an intellectual equal from day one (18:04) Being told she was "average" before finding her calling (26:07) How AI is rewriting the lean startup playbook (36:35) Floodgate's bet to stay small while other firms scale up (39:53) The AI agent that caught millions in missed credits (46:43) SmarterDx: the $1B exit no other investor wanted (48:49) The real math behind a "founder friendly" investor (53:55) Category design and why Lyft had to break the law to launch (1:08:39) The Toyota Corolla he drove for 25 years to buy her a piano (1:11:53) Being the only woman in her electrical engineering class (1:16:37) Turning 50 and her year of saying yes

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She thought she had finally met the one—right after a tough divorce, everything about him felt too perfect to question. He showed up consistently, treated her like a priority, connected with her kids… even her family approved. Then came the details that sounded straight out of a movie: a “trust fund,” wealthy parents, big career moves, and talk of building a house near her after just four months. It felt fast—but also… convincing. But something didn’t sit right. The stories. The speed. The way he kept mentioning money no one had even asked about. So she did something most people are too afraid to do—she reached out to his ex. And that’s when everything collapsed. The reply came back sharp, almost sarcastic: “But did you get the Porsche?” That one line told her everything. The lifestyle? The wealth? The image he built? It wasn’t what it seemed. Now she’s left replaying every moment, realizing the version of him she believed in never really existed. Sometimes the biggest red flag isn’t what someone hides, it’s what they go out of their way to show off. If someone came into your life moving this fast and talking big about money… would you believe it, or start digging before it’s too late?
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She thought she had finally met the one—right after a tough divorce, everything about him felt too perfect to question. He showed up consistently, treated her like a priority, connected with her kids… even her family approved. Then came the details that sounded straight out of a movie: a “trust fund,” wealthy parents, big career moves, and talk of building a house near her after just four months. It felt fast—but also… convincing. But something didn’t sit right. The stories. The speed. The way he kept mentioning money no one had even asked about. So she did something most people are too afraid to do—she reached out to his ex. And that’s when everything collapsed. The reply came back sharp, almost sarcastic: “But did you get the Porsche?” That one line told her everything. The lifestyle? The wealth? The image he built? It wasn’t what it seemed. Now she’s left replaying every moment, realizing the version of him she believed in never really existed. Sometimes the biggest red flag isn’t what someone hides, it’s what they go out of their way to show off. If someone came into your life moving this fast and talking big about money… would you believe it, or start digging before it’s too late?

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In 1980, a 22-year-old Michelle Pfeiffer walked onto The Tonight Show with Johnny Carson having never taken an acting class, never met anyone in the industry, and having found her agent through the Yellow Pages. She had been boxing groceries at Vons supermarket in Orange County. Then she got promoted to checker. "What am I doing here?" she asked herself. That question changed everything. It was her hairdresser who first planted the seed. He kept asking her why she wasn't pursuing acting. For a long time, she dismissed it. Fear of failure. What will people think? The usual voices that talk most of us out of the things we actually want. Then she stopped listening to them. "I said, 'What do you want to do?' And not what everybody else wants you to do. And acting was it." With no money, no contacts, and no roadmap, she did what any resourceful 22-year-old from Orange County would do. She opened the Yellow Pages and started calling agents. Her pitch to the first one she reached was almost absurdly direct: "This is what I want to do. I don't have any money to go through your school. I don't have any money to pay for pictures. I don't want to sign any contracts with you." She laughed recounting it to Carson, noting that somehow that call still worked. Within two years of that phone call, she was sitting across from Johnny Carson on national television, with two film credits to her name. She credited her naivety as a kind of protection. "I look back and I think it's been very fortunate because I was very naive and I could have been taken advantage of." The industry she walked into had a reputation for chewing up hopeful newcomers. She walked through it without knowing enough to be afraid of it. Her parents were worried. That was real. But the moment she showed them this was not a whim, that it was a genuine calling, the dynamic shifted completely. "I certainly had their support once they knew. I mean, this is really what I wanted to do. Once they knew that, I had their support 100%."
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In 1980, a 22-year-old Michelle Pfeiffer walked onto The Tonight Show with Johnny Carson having never taken an acting class, never met anyone in the industry, and having found her agent through the Yellow Pages. She had been boxing groceries at Vons supermarket in Orange County. Then she got promoted to checker. "What am I doing here?" she asked herself. That question changed everything. It was her hairdresser who first planted the seed. He kept asking her why she wasn't pursuing acting. For a long time, she dismissed it. Fear of failure. What will people think? The usual voices that talk most of us out of the things we actually want. Then she stopped listening to them. "I said, 'What do you want to do?' And not what everybody else wants you to do. And acting was it." With no money, no contacts, and no roadmap, she did what any resourceful 22-year-old from Orange County would do. She opened the Yellow Pages and started calling agents. Her pitch to the first one she reached was almost absurdly direct: "This is what I want to do. I don't have any money to go through your school. I don't have any money to pay for pictures. I don't want to sign any contracts with you." She laughed recounting it to Carson, noting that somehow that call still worked. Within two years of that phone call, she was sitting across from Johnny Carson on national television, with two film credits to her name. She credited her naivety as a kind of protection. "I look back and I think it's been very fortunate because I was very naive and I could have been taken advantage of." The industry she walked into had a reputation for chewing up hopeful newcomers. She walked through it without knowing enough to be afraid of it. Her parents were worried. That was real. But the moment she showed them this was not a whim, that it was a genuine calling, the dynamic shifted completely. "I certainly had their support once they knew. I mean, this is really what I wanted to do. Once they knew that, I had their support 100%."

History Nerd

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This week on Founder2Founder, Aaron sits down with Mena Maimone: Founder of Maimone Legal, the immigration firm she built with her mom after moving her own family from Ontario to South Florida nine years ago. Mena lived the process before she practiced it. That's where it started. The complication is that most firms treat immigration like paperwork. Mena treats it like what it actually is for the families going through it. In this episode, they unpack: Going through the immigration process with her own family and turning that into the foundation of the firm Building Maimone Legal from two people to a team of 20+ serving clients worldwide How content and international expos across Canada became the firm's core growth channel If you're a founder building a services business where empathy isn't marketing, this is what it looks like in practice. Live now wherever you get your podcasts.
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This week on Founder2Founder, Aaron sits down with Mena Maimone: Founder of Maimone Legal, the immigration firm she built with her mom after moving her own family from Ontario to South Florida nine years ago. Mena lived the process before she practiced it. That's where it started. The complication is that most firms treat immigration like paperwork. Mena treats it like what it actually is for the families going through it. In this episode, they unpack: Going through the immigration process with her own family and turning that into the foundation of the firm Building Maimone Legal from two people to a team of 20+ serving clients worldwide How content and international expos across Canada became the firm's core growth channel If you're a founder building a services business where empathy isn't marketing, this is what it looks like in practice. Live now wherever you get your podcasts.

The Founders Club

93,458 Aufrufe • vor 5 Monaten

Caller: Explains that she and her husband have a very high net worth, but their financial advisor is suggesting they take out a HELOC (Home Equity Line of Credit) on their paid-for vacation home to supplement their income because their assets are not liquid. Dave Ramsey: Asks what their net worth is. Caller: "About 40 million." Jade Warshaw: "Oh, my word." Dave: Expresses disbelief that they don't have enough income generated from a $40 million net worth. Caller: Explains that $30 million of their net worth is tied up in her husband's business (which is a near-billion-dollar company). However, they cannot access that money freely; withdrawals are completely at the discretion of the company's board of directors, which her husband does not sit on, despite being one of the owners. Dave: Points out that even with $30 million tied up, they still have $10 million remaining, and asks if any of it is creating income. Caller: Breaks down the remaining assets: $4 million is in retirement accounts, her husband currently makes about $400,000 a year, which is 100% commission-based. Dave: Questions why they even need extra money if they are already making $400,000 a year. Caller: Explains that her husband is 56 years old and, after 26 years of intense work, wants to step back, be more present with their homeschooled children, and enjoy their vacation home. They were planning to use the HELOC to fund this lifestyle transition.
3:19

Caller: Explains that she and her husband have a very high net worth, but their financial advisor is suggesting they take out a HELOC (Home Equity Line of Credit) on their paid-for vacation home to supplement their income because their assets are not liquid. Dave Ramsey: Asks what their net worth is. Caller: "About 40 million." Jade Warshaw: "Oh, my word." Dave: Expresses disbelief that they don't have enough income generated from a $40 million net worth. Caller: Explains that $30 million of their net worth is tied up in her husband's business (which is a near-billion-dollar company). However, they cannot access that money freely; withdrawals are completely at the discretion of the company's board of directors, which her husband does not sit on, despite being one of the owners. Dave: Points out that even with $30 million tied up, they still have $10 million remaining, and asks if any of it is creating income. Caller: Breaks down the remaining assets: $4 million is in retirement accounts, her husband currently makes about $400,000 a year, which is 100% commission-based. Dave: Questions why they even need extra money if they are already making $400,000 a year. Caller: Explains that her husband is 56 years old and, after 26 years of intense work, wants to step back, be more present with their homeschooled children, and enjoy their vacation home. They were planning to use the HELOC to fund this lifestyle transition.

Hecto Crypto | NetLink ⛓

136,291 Aufrufe • vor 3 Monaten

A woman won $127,000 at a casino she'd gambled at every week for eight years. As she celebrated with the dealer and the whole table, a pit boss pulled her aside and said she couldn't have the money. She'd technically been trespassing the entire time, and hadn't known it. – Denise Ezell, 65, had been a regular at MGM Grand Detroit for about eight years, gambling there weekly without a single issue. – On October 30, 2023, on what she described as her last bet of the night, she played a side bet at the progressive blackjack table and was dealt a four-card straight flush. – The dealer, the table, and everyone around her erupted, congratulating her on what turned out to be a $127,000 jackpot. – This won't happen with prediction markets – A pit boss then approached and asked for her ID, which she assumed was routine. – Minutes later, casino staff told her she couldn't be paid. She was, according to them, trespassing. – A prediction market doesn't work that way. There's no house, you're matched peer-to-peer, and your payout comes from the person who took the other side, not a company deciding whether to honor the number on your screen – The reasoning traced back to a single incident from 2015, when Ezell got into an argument with her cousin over shared betting money, and a security guard told her to leave for "panhandling." – She says she was never formally notified of any ban after that night, and continued gambling regularly at the same casino for the next eight years without incident. – "Do you think I would have gone down there and spent my money for eight years, knowing I was trespassing?" she asked reporters. – After months of trying to resolve it directly with MGM and the Michigan Gaming Control Board, she filed a federal lawsuit in June 2024, seeking the $127,000 jackpot plus an additional $75,000 in damages. She spent eight years and thousands of dollars as a welcomed regular. The one night she actually won big, the casino remembered a decade-old excuse it had never bothered to tell her about.
1:01

A woman won $127,000 at a casino she'd gambled at every week for eight years. As she celebrated with the dealer and the whole table, a pit boss pulled her aside and said she couldn't have the money. She'd technically been trespassing the entire time, and hadn't known it. – Denise Ezell, 65, had been a regular at MGM Grand Detroit for about eight years, gambling there weekly without a single issue. – On October 30, 2023, on what she described as her last bet of the night, she played a side bet at the progressive blackjack table and was dealt a four-card straight flush. – The dealer, the table, and everyone around her erupted, congratulating her on what turned out to be a $127,000 jackpot. – This won't happen with prediction markets – A pit boss then approached and asked for her ID, which she assumed was routine. – Minutes later, casino staff told her she couldn't be paid. She was, according to them, trespassing. – A prediction market doesn't work that way. There's no house, you're matched peer-to-peer, and your payout comes from the person who took the other side, not a company deciding whether to honor the number on your screen – The reasoning traced back to a single incident from 2015, when Ezell got into an argument with her cousin over shared betting money, and a security guard told her to leave for "panhandling." – She says she was never formally notified of any ban after that night, and continued gambling regularly at the same casino for the next eight years without incident. – "Do you think I would have gone down there and spent my money for eight years, knowing I was trespassing?" she asked reporters. – After months of trying to resolve it directly with MGM and the Michigan Gaming Control Board, she filed a federal lawsuit in June 2024, seeking the $127,000 jackpot plus an additional $75,000 in damages. She spent eight years and thousands of dollars as a welcomed regular. The one night she actually won big, the casino remembered a decade-old excuse it had never bothered to tell her about.

Aisar

3,542,012 Aufrufe • vor 2 Monaten

Taylor Holiday just sold Common Thread Collective to private equity after 12 years of building what became one of the most respected agencies (and personal brands) in the ecommerce space. But the path there was brutal. At one point, Taylor Holiday spent every day of Christmas break on the phone with the bank to try to avoid foreclosure. His lawyer even suggested he threaten Chapter 11 bankruptcy just to call the bank's bluff. The situation got so overwhelming that Taylor called one of his board members and said: "I think you should fire me. I think I've lost the emotional capacity to do this." That's the level of honesty and transparency you get in this conversation. We spent two hours breaking down the entire CTC journey... → The early equity mistakes that nearly killed partnerships → The brand aggregator experiment that failed → Why agencies are fundamentally better businesses than brands → Why equity is important, but giving it away for free destroys motivation And ultimately, how he pushed through adversity to rebuild CTC into a business with a sterling reputation for client services and a big exit. If you're interested in hearing a raw, unfiltered perspective on what's truly required to get one of those life-changing exits that make the headlines, this is for you. And if you're an agency owner or thinking about building a service business, this is required listening. It includes lessons that could save you years of frustration and pain. It just hit podcast feeds today. Check the replies for a direct link 👇
1:43

Taylor Holiday just sold Common Thread Collective to private equity after 12 years of building what became one of the most respected agencies (and personal brands) in the ecommerce space. But the path there was brutal. At one point, Taylor Holiday spent every day of Christmas break on the phone with the bank to try to avoid foreclosure. His lawyer even suggested he threaten Chapter 11 bankruptcy just to call the bank's bluff. The situation got so overwhelming that Taylor called one of his board members and said: "I think you should fire me. I think I've lost the emotional capacity to do this." That's the level of honesty and transparency you get in this conversation. We spent two hours breaking down the entire CTC journey... → The early equity mistakes that nearly killed partnerships → The brand aggregator experiment that failed → Why agencies are fundamentally better businesses than brands → Why equity is important, but giving it away for free destroys motivation And ultimately, how he pushed through adversity to rebuild CTC into a business with a sterling reputation for client services and a big exit. If you're interested in hearing a raw, unfiltered perspective on what's truly required to get one of those life-changing exits that make the headlines, this is for you. And if you're an agency owner or thinking about building a service business, this is required listening. It includes lessons that could save you years of frustration and pain. It just hit podcast feeds today. Check the replies for a direct link 👇

Andrew Faris

111,395 Aufrufe • vor 1 Jahr

WHISTLEBLOWERS GO MISSING OVERNIGHT Victoria Rixon Victoria Rixon gave the NHS @NHS 6.5 years as a midwife. Six and a half years of labour wards run on 2 staff instead of the number that keeps people alive. She watched colleagues do 12.5 hour shifts with no food, no water, no toilet break, each one responsible for up to 20 patients at once. She watched a woman labour alone for 10 hours behind a curtain with zero care. The baby needed emergency resuscitation. So she reported it. That is literally what NHS induction tells every new starter to do. Turns out that part of the training was more of a suggestion. What came back was the full institutional playbook. She was falsely accused of being responsible for a baby's death. Her employer sent her a cease and desist letter after her exit interview, presumably to make sure she left quietly and rattled. And a member of NHS management gave her a friendly heads up on the way out: ... "Whistleblowers go missing overnight" An actual NHS manager said that. Out loud. To a midwife who raised a patient safety concern. Somewhere there is a training manual that badly needs a rewrite. On 9 April 2024, Victoria handed back her Nursing and Midwifery Council Nursing and Midwifery Council registration and walked away from the career she trained 4 years for and loved every day of. She has not gone quiet since. She has spent the time building her own campaign, the With Woman Movement, touring the country talking to midwives and mothers about exactly what she saw on those wards. She says she is still being harassed for it. The NMC Nursing and Midwifery Council, NHS England NHS England, and the Royal College of Midwives Royal College of Midwives 💙 have had inquiry after inquiry, report after report. The wards are still dangerously short staffed. The system does not need another review. It needs someone to actually read the last dozen.
3:26

WHISTLEBLOWERS GO MISSING OVERNIGHT Victoria Rixon Victoria Rixon gave the NHS @NHS 6.5 years as a midwife. Six and a half years of labour wards run on 2 staff instead of the number that keeps people alive. She watched colleagues do 12.5 hour shifts with no food, no water, no toilet break, each one responsible for up to 20 patients at once. She watched a woman labour alone for 10 hours behind a curtain with zero care. The baby needed emergency resuscitation. So she reported it. That is literally what NHS induction tells every new starter to do. Turns out that part of the training was more of a suggestion. What came back was the full institutional playbook. She was falsely accused of being responsible for a baby's death. Her employer sent her a cease and desist letter after her exit interview, presumably to make sure she left quietly and rattled. And a member of NHS management gave her a friendly heads up on the way out: ... "Whistleblowers go missing overnight" An actual NHS manager said that. Out loud. To a midwife who raised a patient safety concern. Somewhere there is a training manual that badly needs a rewrite. On 9 April 2024, Victoria handed back her Nursing and Midwifery Council Nursing and Midwifery Council registration and walked away from the career she trained 4 years for and loved every day of. She has not gone quiet since. She has spent the time building her own campaign, the With Woman Movement, touring the country talking to midwives and mothers about exactly what she saw on those wards. She says she is still being harassed for it. The NMC Nursing and Midwifery Council, NHS England NHS England, and the Royal College of Midwives Royal College of Midwives 💙 have had inquiry after inquiry, report after report. The wards are still dangerously short staffed. The system does not need another review. It needs someone to actually read the last dozen.

Artur Nadolny

31,213 Aufrufe • vor 1 Monat

Steve Jobs on how he learned to run a company: Question: "You're 21. You're a big success. You know, you've just sort of done it by the seat of your pants. You don't have any particular training in this. How do you learn to run a company?" Steve Jobs: "You know, throughout the years in business, I found something, which was that I always ask why you do things. And the answers you invariably get are, oh, that's just the way it's done. Nobody knows why they do what they do. Nobody thinks about things very deeply in business. That's what I found. I'll give you an example. When we were building our Apple I's in the garage, we knew exactly what they cost. When we got into a factory in the Apple II days, the accounting had this notion of a standard cost, where you'd kind of set a standard cost and at the end of a quarter you'd adjust it with a variance. And I kept asking, well, why do we do this? And the answer was, well, that's just the way it's done. And after about six months of digging into this, what I realized was the reason you do it is because you don't really have good enough controls to know how much it costs. So you guess, and then you fix your guess at the end of the quarter. And the reason you don't know how much it costs is because your information systems aren't good enough. But nobody said it that way. And so later on, when we designed this automated factory for Macintosh, we were able to get rid of a lot of these antiquated concepts and know exactly what something cost to the second. So in business, a lot of things are, I call it folklore. They're done because they were done yesterday and the day before. And so what that means is if you're willing to sort of ask a lot of questions and think about things and work really hard, you can learn business pretty fast. It's not the hardest thing in the world. It's not rocket science. It's not rocket science."
2:06

Steve Jobs on how he learned to run a company: Question: "You're 21. You're a big success. You know, you've just sort of done it by the seat of your pants. You don't have any particular training in this. How do you learn to run a company?" Steve Jobs: "You know, throughout the years in business, I found something, which was that I always ask why you do things. And the answers you invariably get are, oh, that's just the way it's done. Nobody knows why they do what they do. Nobody thinks about things very deeply in business. That's what I found. I'll give you an example. When we were building our Apple I's in the garage, we knew exactly what they cost. When we got into a factory in the Apple II days, the accounting had this notion of a standard cost, where you'd kind of set a standard cost and at the end of a quarter you'd adjust it with a variance. And I kept asking, well, why do we do this? And the answer was, well, that's just the way it's done. And after about six months of digging into this, what I realized was the reason you do it is because you don't really have good enough controls to know how much it costs. So you guess, and then you fix your guess at the end of the quarter. And the reason you don't know how much it costs is because your information systems aren't good enough. But nobody said it that way. And so later on, when we designed this automated factory for Macintosh, we were able to get rid of a lot of these antiquated concepts and know exactly what something cost to the second. So in business, a lot of things are, I call it folklore. They're done because they were done yesterday and the day before. And so what that means is if you're willing to sort of ask a lot of questions and think about things and work really hard, you can learn business pretty fast. It's not the hardest thing in the world. It's not rocket science. It's not rocket science."

Founder Mode

32,346 Aufrufe • vor 8 Monaten

They don’t make ‘em like they used to… I mean that sincerely. There is no artist alive today who will leave the legacy that Dolly Parton did. Most music today is slop, and even the “good” music is (mostly) devoid of real heart and soul, and it certainly won’t be remembered in 50+ years… Dolly released “Coat of Many Colors” in 1971. Take a couple minutes and watch this video. You listen to it today and you get the same goosebumps folks did when they heard it over 50 years ago. The same happy-sad pang in your gut. You actually feel something. You feel her story. Her love for her mom, and her mom’s love for her. When you listen to her sing you know it’s true. She opens up part of her soul and shares it. What an incredible gift she gave us all. She came from nothing and became one of the most iconic musicians that ever lived. She also gave back what she was given. Not because her agent told her it would be good PR or to virtue signal on Instagram, but because it was who she was. To bring such joy to the world through music is out of reach for almost all of us. But to raise people up through our actions is something we all can and should strive to do, even if we fall far short of Dolly. What a truly beautiful human and amazing life. Rest in peace, Dolly.
3:17

They don’t make ‘em like they used to… I mean that sincerely. There is no artist alive today who will leave the legacy that Dolly Parton did. Most music today is slop, and even the “good” music is (mostly) devoid of real heart and soul, and it certainly won’t be remembered in 50+ years… Dolly released “Coat of Many Colors” in 1971. Take a couple minutes and watch this video. You listen to it today and you get the same goosebumps folks did when they heard it over 50 years ago. The same happy-sad pang in your gut. You actually feel something. You feel her story. Her love for her mom, and her mom’s love for her. When you listen to her sing you know it’s true. She opens up part of her soul and shares it. What an incredible gift she gave us all. She came from nothing and became one of the most iconic musicians that ever lived. She also gave back what she was given. Not because her agent told her it would be good PR or to virtue signal on Instagram, but because it was who she was. To bring such joy to the world through music is out of reach for almost all of us. But to raise people up through our actions is something we all can and should strive to do, even if we fall far short of Dolly. What a truly beautiful human and amazing life. Rest in peace, Dolly.

Walker⚡️

11,129 Aufrufe • vor 1 Monat

A protocol dying used to be loud. A nine-figure hack, a depeg, a founder going dark, a thread with a rising body count. SummerFi went out the other way, with a calm blog post and a thank-you. That quiet is worth paying attention to 👇🏻 ◢ Winding down is the responsible ending nobody rewards Give the team credit for how they left. Vaults paused fast, a clear statement, the app kept alive through August, governance handed to the DAO, users told exactly where they stand. This is the good version of failure. And it is precisely the version that gets no sympathy and no coverage, because there is no villain to point at and no drama to screenshot. We reward the projects that blow up spectacularly with attention and forget the ones that close the door politely. ◢ Their own capital in their own vaults was the real lesson Skin in the game is supposed to be the virtue. Founders eating their own cooking, aligned with users, exposed to the same risk. SummerFi did exactly that, and it is what killed the company rather than just bruising it. Full alignment means the same event that hurts your users can end your business in one move. Somewhere between zero skin in the game and betting the payroll on your own smart contracts, there is a line most teams have never actually thought about. ◢ Trust compounds slowly and settles in an afternoon Five years to build a reputation out of Maker. One accounting exploit to spend it. The asymmetry is brutal and it is the actual business model risk of DeFi, more than any single bug. You are not running a protocol, you are running a confidence account that takes years to fund and can be drained faster than the money itself. Most teams underwrite the code. Almost nobody underwrites the trust. ◢ The graveyard is filling up off-camera SummerFi is one name. The same week, a wallet provider announced its own shutdown after an exploit. The pattern is a slow thinning of the field that never makes it into a single dramatic headline, because each individual exit is too small to notice. Bull markets hide this. Everything looks alive when the money is flowing, and you only see how many projects quietly left when the tide is out. The uncomfortable question is how many of the ones you already trust are running on a confidence account that a single ordinary afternoon could empty, with a polite goodbye post as the only warning you ever get.
0:48

A protocol dying used to be loud. A nine-figure hack, a depeg, a founder going dark, a thread with a rising body count. SummerFi went out the other way, with a calm blog post and a thank-you. That quiet is worth paying attention to 👇🏻 ◢ Winding down is the responsible ending nobody rewards Give the team credit for how they left. Vaults paused fast, a clear statement, the app kept alive through August, governance handed to the DAO, users told exactly where they stand. This is the good version of failure. And it is precisely the version that gets no sympathy and no coverage, because there is no villain to point at and no drama to screenshot. We reward the projects that blow up spectacularly with attention and forget the ones that close the door politely. ◢ Their own capital in their own vaults was the real lesson Skin in the game is supposed to be the virtue. Founders eating their own cooking, aligned with users, exposed to the same risk. SummerFi did exactly that, and it is what killed the company rather than just bruising it. Full alignment means the same event that hurts your users can end your business in one move. Somewhere between zero skin in the game and betting the payroll on your own smart contracts, there is a line most teams have never actually thought about. ◢ Trust compounds slowly and settles in an afternoon Five years to build a reputation out of Maker. One accounting exploit to spend it. The asymmetry is brutal and it is the actual business model risk of DeFi, more than any single bug. You are not running a protocol, you are running a confidence account that takes years to fund and can be drained faster than the money itself. Most teams underwrite the code. Almost nobody underwrites the trust. ◢ The graveyard is filling up off-camera SummerFi is one name. The same week, a wallet provider announced its own shutdown after an exploit. The pattern is a slow thinning of the field that never makes it into a single dramatic headline, because each individual exit is too small to notice. Bull markets hide this. Everything looks alive when the money is flowing, and you only see how many projects quietly left when the tide is out. The uncomfortable question is how many of the ones you already trust are running on a confidence account that a single ordinary afternoon could empty, with a polite goodbye post as the only warning you ever get.

Onur

16,306 Aufrufe • vor 2 Monaten

this is George Clooney announcing he sold a tequila brand he'd started as a joke with two friends for $1 billion - a product they had made for themselves, never planned to launch, and never wrote a business plan for - and it paid him more in 4 years than 30 years of Hollywood ever did Casamigos launched in 2013. Diageo bought it in 2017 for a billion dollars Clooney was on Entertainment Tonight the week of the sale joking that he had almost named his newborn twins Casa and Amigos. his wife shut it down but the real story wasn't the billion. it was that Clooney, Rande Gerber, and real estate developer Mike Meldman had built the whole thing without ever meaning to sell anything the three of them were spending winters at their Casa Amigos compound in Mexico. they ordered tequila samples from a Jalisco distillery until they found one they actually wanted to drink themselves. they bottled it, put it in the fridge, and gave it to friends after two years the distillery told them the volume was too high to keep private. they had to either license it or shut it down they licensed it. named it after the house. sold it in bars Gerber owned and restaurants Clooney ate at four years after the first bottle rolled off the line, Diageo offered $1 billion Gerber told Good Morning America the morning of the sale: "we were kind of shocked. we never planned a company. we just wanted tequila we liked to drink" three rules from the biggest liquor exit in history: 1. build the thing you actually want to consume. Casamigos exists because three friends refused to keep drinking tequila they thought was bad 2. don't monetize until the demand forces you to. they gave away bottles for two years before charging a dollar 3. keep the operator seat after the sale. Gerber runs ops, Clooney runs marketing, the formula never changed. that's why Diageo paid a billion instead of $300 million your day job pays for what you're already good at your side project pays for what you actually love one caps at what your resume is worth the other pays what no market can price
5:32

this is George Clooney announcing he sold a tequila brand he'd started as a joke with two friends for $1 billion - a product they had made for themselves, never planned to launch, and never wrote a business plan for - and it paid him more in 4 years than 30 years of Hollywood ever did Casamigos launched in 2013. Diageo bought it in 2017 for a billion dollars Clooney was on Entertainment Tonight the week of the sale joking that he had almost named his newborn twins Casa and Amigos. his wife shut it down but the real story wasn't the billion. it was that Clooney, Rande Gerber, and real estate developer Mike Meldman had built the whole thing without ever meaning to sell anything the three of them were spending winters at their Casa Amigos compound in Mexico. they ordered tequila samples from a Jalisco distillery until they found one they actually wanted to drink themselves. they bottled it, put it in the fridge, and gave it to friends after two years the distillery told them the volume was too high to keep private. they had to either license it or shut it down they licensed it. named it after the house. sold it in bars Gerber owned and restaurants Clooney ate at four years after the first bottle rolled off the line, Diageo offered $1 billion Gerber told Good Morning America the morning of the sale: "we were kind of shocked. we never planned a company. we just wanted tequila we liked to drink" three rules from the biggest liquor exit in history: 1. build the thing you actually want to consume. Casamigos exists because three friends refused to keep drinking tequila they thought was bad 2. don't monetize until the demand forces you to. they gave away bottles for two years before charging a dollar 3. keep the operator seat after the sale. Gerber runs ops, Clooney runs marketing, the formula never changed. that's why Diageo paid a billion instead of $300 million your day job pays for what you're already good at your side project pays for what you actually love one caps at what your resume is worth the other pays what no market can price

Lem

30,289 Aufrufe • vor 15 Tagen

A Pennsylvania property manager was playing a slots game on her phone and the screen told her she'd won $100,000. When she went to collect it, the company told her it was a bug and offered her $280 instead. – Lisa Piluso of Yardley, Pennsylvania, was playing capital Gains, an online slots game made by American Gaming Systems (AGS), on her phone on October 2, 2020. – Her screen showed a $100,000 jackpot. She took a screenshot. – When she tried to collect it, AGS told her the win was the result of a bug and offered her $280. – This keeps happening because a casino is the house. It sets the odds, holds the money, and decides after the fact whether your win counts. – A prediction market doesn't work that way. There's no house, you're matched peer-to-peer, and your payout comes from the person who took the other side, not a company deciding whether to honor the number on your screen. – Lisa pushed back and was later told her actual win was closer to $300, but AGS raised its offer to $1,000, telling her they were being "nice people." – New Jersey gaming regulators investigated and found AGS had a genuine bug in the game that failed to clear old bonus symbols off players' screens, making it look like they'd won far more than they actually had. – The state's investigation revealed 13 other gamblers had filed the exact same complaint against AGS over the same game. – AGS was fined just $1,000 by regulators and said it had taken corrective action, but maintained there were no grounds to pay Piluso. – In November 2021, Piluso sued AGS in federal court in Camden for consumer fraud, breach of contract, negligence, and product liability. – As of the most recent public reporting, the case remains a matter of record with no confirmed final payout to Piluso. She had a screenshot of the $100,000 the game itself told her she'd won. The company that built the game called it a bug and tried to close it out for $280.
0:30

A Pennsylvania property manager was playing a slots game on her phone and the screen told her she'd won $100,000. When she went to collect it, the company told her it was a bug and offered her $280 instead. – Lisa Piluso of Yardley, Pennsylvania, was playing capital Gains, an online slots game made by American Gaming Systems (AGS), on her phone on October 2, 2020. – Her screen showed a $100,000 jackpot. She took a screenshot. – When she tried to collect it, AGS told her the win was the result of a bug and offered her $280. – This keeps happening because a casino is the house. It sets the odds, holds the money, and decides after the fact whether your win counts. – A prediction market doesn't work that way. There's no house, you're matched peer-to-peer, and your payout comes from the person who took the other side, not a company deciding whether to honor the number on your screen. – Lisa pushed back and was later told her actual win was closer to $300, but AGS raised its offer to $1,000, telling her they were being "nice people." – New Jersey gaming regulators investigated and found AGS had a genuine bug in the game that failed to clear old bonus symbols off players' screens, making it look like they'd won far more than they actually had. – The state's investigation revealed 13 other gamblers had filed the exact same complaint against AGS over the same game. – AGS was fined just $1,000 by regulators and said it had taken corrective action, but maintained there were no grounds to pay Piluso. – In November 2021, Piluso sued AGS in federal court in Camden for consumer fraud, breach of contract, negligence, and product liability. – As of the most recent public reporting, the case remains a matter of record with no confirmed final payout to Piluso. She had a screenshot of the $100,000 the game itself told her she'd won. The company that built the game called it a bug and tried to close it out for $280.

Aisar

256,592 Aufrufe • vor 2 Monaten

Alan on the factory model and how it is the root cause of everything happening in the private markets today: “ Everything that is covered in the media is just talking about the symptoms and not actually getting to the root cause. The root cause of this is the change of behavior patterns of the factory model. The way that we define the factory model in our industry is, there's two parts to it, and then there's an output. The first part is the industrialization of the fundraising process, or I'd say liability gathering. So literally raising as much capital as fast as you can. What comes second is, as a result of that, the industrialization of the asset side. So think about investing. So if you're on an investment team and all of a sudden your firm has a lot of money to invest your behavior has to start to change because you have to deploy that money much quicker. The best way to raise a lot of capital is to make it very simple. Make it very narrow. What started to change in 2018 is there are these things called SMAs (separately managed accounts). Prior to 2018, for the most part, the private capital ecosystem was basically funneled through funds. [After] every conversation with LPs was basically we want an SMA – you go to an LP, and say, “we're gonna raise $500 million or a $100 million and we're going to just do direct lending, or private equity, or real estate. The industry started to raise capital from the institutional channel. So pension funds, sovereign wealth funds, to some extent, endowments raise as much capital as possible in the simplest form. But the growth in institutional SMAs started to really taper off. So the next place where the industry started to go was the wealth space. But the characterization of the wealth space is that it's always easiest to raise in the pro-cyclical environments when things are going really well. But when things start to not go well, the wealth space or retail or individuals want their money back quickly – it's an important concept. And it got us to one of the symptoms that we're here today. But the one thing I wanna point out is that the SMA was a symptom, what's going on in the wealth system is a symptom. The stuck private assets bought post COVID paid way too much – all that stuff is symptoms. The root cause of this is the change of behavior patterns of the factory model.
4:24

Alan on the factory model and how it is the root cause of everything happening in the private markets today: “ Everything that is covered in the media is just talking about the symptoms and not actually getting to the root cause. The root cause of this is the change of behavior patterns of the factory model. The way that we define the factory model in our industry is, there's two parts to it, and then there's an output. The first part is the industrialization of the fundraising process, or I'd say liability gathering. So literally raising as much capital as fast as you can. What comes second is, as a result of that, the industrialization of the asset side. So think about investing. So if you're on an investment team and all of a sudden your firm has a lot of money to invest your behavior has to start to change because you have to deploy that money much quicker. The best way to raise a lot of capital is to make it very simple. Make it very narrow. What started to change in 2018 is there are these things called SMAs (separately managed accounts). Prior to 2018, for the most part, the private capital ecosystem was basically funneled through funds. [After] every conversation with LPs was basically we want an SMA – you go to an LP, and say, “we're gonna raise $500 million or a $100 million and we're going to just do direct lending, or private equity, or real estate. The industry started to raise capital from the institutional channel. So pension funds, sovereign wealth funds, to some extent, endowments raise as much capital as possible in the simplest form. But the growth in institutional SMAs started to really taper off. So the next place where the industry started to go was the wealth space. But the characterization of the wealth space is that it's always easiest to raise in the pro-cyclical environments when things are going really well. But when things start to not go well, the wealth space or retail or individuals want their money back quickly – it's an important concept. And it got us to one of the symptoms that we're here today. But the one thing I wanna point out is that the SMA was a symptom, what's going on in the wealth system is a symptom. The stuck private assets bought post COVID paid way too much – all that stuff is symptoms. The root cause of this is the change of behavior patterns of the factory model.

Patrick OShaughnessy

32,904 Aufrufe • vor 6 Monaten