Who is the richest person on this board??

[Mr.X]

I'm a multi-Billionare in Turkey Liras (TRL)

damn it feels good to be loaded in Turkey Liras

X

 

[Guvna]

Ulter makes more money that he lets on. I read on another board where he stated he made his FIRST million is his early thrities.

 

[Synpax]

Matt is probably one of the smartest people I have ever meet. How many former infantry officers do you know that are right hands to a CEO of a company that deals with fortune 500 companies on a daliy bases?

That's a funny way to put it.

That sounds how I'd expect an assistant manager at Stapples to pad their resume.

I suppose, however, that MTS can't be too rich because he's not the CEO.

I don't think I'm the richest - I get both a W-2 form from an employer but also have an S-Corp and this year I should break the big six figures income-wise, but give it a few years and we'll see how it is after I get my IPO. I'm only 26 afterall.

 

[MattTheSkywalker]

That's a funny way to put it.

That sounds how I'd expect an assistant manager at Stapples to pad their resume.

I suppose, however, that MTS can't be too rich because he's not the CEO.

I don't think I'm the richest - I get both a W-2 form from an employer but also have an S-Corp and this year I should break the big six figures income-wise, but give it a few years and we'll see how it is after I get my IPO. I'm only 26 afterall.

Now that this thread is off of chat I can talk a little. LOL @ the staples comment, when I read what SQT wrote I see how you mean that.

I used to write a lot and did some publishing; not so much anymore. I had a few 7-figure years from writing and publishing, but I don't really have a lot of time. I try and do some writing when I can, just to keep contacts.. I do about one real estate project a year now. This year's project is my own residence .

SQT just doesn't understand what we do in our core business...I actually showed her our office when she was in FL. But it is a complex business, not easily understood. Half of the time, I don't even know what we do.

All "net worth" from this business is in shares of a private company. The CEO is also the founder, and our original group has a lot of stock. At the time of fund raising, the company was valued at 9 figures. But my stock is worthless without a buyer anyway.

What it is really "worth" depends on the sale price. It could sell for $300M, $1B, or more, depending on some hard to categorize factors. (We're not going to do an IPO...ever, none of us want to manage a public company. If an acquirer is hard to find, we will just pull out $10-15-20M per year through successive recaps; we are profitable enough that we could service debts like that easily.)

What will probably happen is we'll get out of this with eight figure deals for the core group (9 for our CEO, hopefully, he deserves it) and then maybe 2-3 of us will move into a larger private equity funded operation that is a shot at billions of dollars.

But who the hell knows? We know the right people, we attract the right interests, we have the most sophisticated financial tools and the deepest understanding of our sector in the world.

I never really worry about what it (or I) is worth. I just do the work and keep moving along toward our goals.

And I like cajun food.

 

[Madcow2]

What will probably happen is we'll get out of this with eight figure deals for the core group (9 for our CEO, hopefully, he deserves it) and then maybe 2-3 of us will move into a larger private equity funded operation that is a shot at billions of dollars.

Buyout funds have been in a frenzy to put capital to work for a while now. A friend in the biz told me someone did an all equity deal - I certainly hope they got a good price. This is a good market right now and it sounds like you could definitely attract some capital if you guys wanted to take something off the table. I'm not saying a total buyout but judging from what little you wrote, it might not be a bad idea to diversify some of that wealth outside the company a bit and unless something is very wrong, I don't think you'd have a hard time doing that even with just a minor amount - plus possibly netting an attractive valuation (of course you can name your own price and if you do it internally but unless it's all at once there's still the company risk attached to the payout). Then again - you probably have some savy people in there anyway so none of this is news to you.

 

[Synpax]

What it is really "worth" depends on the sale price. It could sell for $300M, $1B, or more, depending on some hard to categorize factors. (We're not going to do an IPO...ever, none of us want to manage a public company. If an acquirer is hard to find, we will just pull out $10-15-20M per year through successive recaps; we are profitable enough that we could service debts like that easily.)

Have you considered IPOing in one of the Asian tigers or Shanghia?

With your kind of coin maybe I should pitch you my VC business.

 

[pitbullstl]

I never really worry about what it (or I) is worth. I just do the work and keep moving along toward our goals.

Smart.


A friend of mine found a neat little goldmine on the West Coast (Ft. Meyers area) if things pan out, and there is more than I can handle (which could very well be the case) I'll let you know via a p.m.


By the way, you ever hear back from the gal in Boca...on the condo's??..??

 

[MattTheSkywalker]

Smart.


A friend of mine found a neat little goldmine on the West Coast (Ft. Meyers area) if things pan out, and there is more than I can handle (which could very well be the case) I'll let you know via a p.m.


By the way, you ever hear back from the gal in Boca...on the condo's??..??

I never heard a WORD from the Boca people. Not a peep.

I've read some things about Ft Myers...but would always appreciate a PM.

 

[superqt4u2nv]

Now that this thread is off of chat I can talk a little. LOL @ the staples comment, when I read what SQT wrote I see how you mean that.

....

SQT just doesn't understand what we do in our core business...I actually showed her our office when she was in FL. But it is a complex business, not easily understood. Half of the time, I don't even know what we do.

.....

And I like cajun food.

One it was meant as a compliment Matty.

Two dam straight I don't get what exactly you do but I bet half the people that work under don't have a dam clue what you do etiher.

Three I also enjoy canjun food.

And four pick up your dam cell phone when people call you Matthew!

 

[MattTheSkywalker]

Buyout funds have been in a frenzy to put capital to work for a while now. A friend in the biz told me someone did an all equity deal - I certainly hope they got a good price. This is a good market right now and it sounds like you could definitely attract some capital if you guys wanted to take something off the table. I'm not saying a total buyout but judging from what little you wrote, it might not be a bad idea to diversify some of that wealth outside the company a bit and unless something is very wrong, I don't think you'd have a hard time doing that even with just a minor amount - plus possibly netting an attractive valuation (of course you can name your own price and if you do it internally but unless it's all at once there's still the company risk attached to the payout). Then again - you probably have some savy people in there anyway so none of this is news to you.

We're talking to people, but discussions for now are preliminary; we're just keeping them interested.