Official Gramps' Memorial Eternal OT Thread

#55,326
#55,326
My coworker buddy meeting with the Big Stick today at 2PM. Man oh man. Said he woke up at 3AM this morning and we talked about Red Flags and all sorts today for about 30 minutes.

Freaking Huge Day..Go brother.
 
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#55,330
#55,330
Orangeburst said:
My coworker buddy side business about to blow up
Dry Pocket Apparel

By luck ran into a billionaire delivering some bathing suits to a marina. Said while talking to him he was texting Bass Pro Shop CEO and this old gentleman at the marina wants to buy 50%

Best story I have heard in long time.
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Here ya go
 
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#55,331
#55,331
Orangeburst said:
Here ya go
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That post isn't 100% clear either, but from my interpretation, I'd strongly suggest your buddy treads carefully and hires, at a minimum, a very good attorney to make sure that his financial interests are protected. Billionaires didn't become billionaires by being nice guys.

I just checked out the website for Dry Pocket Apparel. That's an interesting product. I hope he does well.
 
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#55,335
#55,335
Orangeburst said:
What is not clear? Dude has a freking billionaire shark ready to bite. Go google the site.
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I'm not trying to be negative. I'm trying to suggest that he simply proceed with caution. Whether your buddy selling 50% of his business is a good idea depends on the valuation that the billionaire is placing on the business. For example, if he values the business at $100K, then he would buy 50% of your buddy's business for $50K. Just because a billionaire expresses an interest doesn't necessarily mean it's a good idea to partner with him. It really depends what that guy is going to bring to the table to help your buddy grow the business, and how much money is he offering for that 50% stake in the business. It's clearly better to have people interested in investing in the business than not having people interested in investing in the business though.
 
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#55,336
#55,336
Vol423 said:
I edited my previous post. See above.
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Dude he is like 30-35 years old, developed this product and worked full time where we both work, and a first born 8 month old baby. His initial investor, which is a friend of his has not done anything and asked for $100K to be bought out by this billionaire. Now the way I see it, the billionaire only asked for 50%, not 100%. That tells me this is not some buyout.

He told me that he was going to negotiate to $85K and I told him....that is like him and me deciding to upsize our fast food order. This dude was texting Bass Pro Shop CEO while talking to him and even handed him his phone to put his contact info in his phone.

Rich people see ops and within 2 minutes know..

BTW...he was 1/2 way they applying for Shark Tank..well this is his shark
 
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#55,337
#55,337
Just got his little trademark approved...$90 by a guy in Savannah. Developed his awesome website from learning on Youtube. Dang looks better than many multi million corps.
 
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#55,338
#55,338
Orangeburst said:
Dude he is like 30-35 years old, developed this product and worked full time where we both work, and a first born 8 month old baby. His initial investor, which is a friend of his has not done anything and asked for $100K to be bought out by this billionaire. Now the way I see it, the billionaire only asked for 50%, not 100%. That tells me this is not some buyout.

He told me that he was going to negotiate to $85K and I told him....that is like him and me deciding to upsize our fast food order. This dude was texting Bass Pro Shop CEO while talking to him and even handed him his phone to put his contact info in his phone.

Rich people see ops and within 2 minutes know..

BTW...he was 1/2 way they applying for Shark Tank..well this is his shark
Click to expand...
So that's a fine example of what I meant by your first post not being 100% clear. You wrote, "Said while talking to him he was texting Bass Pro Shop CEO and this old gentleman at the marina wants to buy 50%." Is the "he" that is calling the CEO of Bass Pro Shop your buddy or the billionaire? It isn't clear.

I'm simply trying to offer sage business advice from someone that has about 30 years of work experience in this area. Follow it. Don't follow it. It makes no difference to me. I guess that's what I get for trying to actually look out for the interests of your friend - snarky responses and a hard time.
 
#55,339
#55,339
Vol423 said:
So that's a fine example of what I meant by your first post not being 100% clear. You wrote, "Said while talking to him he was texting Bass Pro Shop CEO and this old gentleman at the marina wants to buy 50%." Is the "he" that is calling the CEO of Bass Pro Shop your buddy or the billionaire? It isn't clear.

I'm simply trying to offer sage business advice from someone that has about 30 years of work experience in this area. Follow it. Don't follow it. It makes no difference to me. I guess that's what I get for trying to actually look out for the interests of your friend - snarky responses and a hard time.
Click to expand...

Then bug off.
 
#55,344
#55,344
Vol423 said:
Just FYI - that comment by me wasn't meant as a criticism. I just couldn't fully understand the message that you were trying to convey.
Click to expand...

I understand. Message conveying in just a few words can be misunderstood or not even noticed in prior posts in a thread.
I just hope he finds victory and success..the world needs it and although not vested.. I am rooting in such a circumstantial occurrence.
 
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