35 Burst results for "Investment Banker"
Netflix adds 26 million new users
"Dot com slash NPR to learn more. Now, as the fight against the coronavirus continues, many people are spending a lot more time at home and that means big business for Netflix. The video streaming giant added twenty six, million new users so far this year pushing it subscriber base to near two, hundred million. CEO Credits the company's Unorthodox. For its rise NPR's bobby. Allen. has a closer look. Unlimited, vacation submitting expenses without approval being promoted for criticizing your company. These are the perks of working for net Netflix says CEO Reed. Hastings it's risky trusting employees as much as we do giving them as much freedom as we do. But it's essential in creative companies where you have much greater risk of from lack of innovation in his new book. No rules rules he's things discusses his guiding principle the keeper test the idea is to ask your boss if I wanted to leave how hard would you fight to keep me if the answer is not very hard, maybe it's time for you to go our culture memos says things like adequate performance gets A. Generous. Severance package but the ruthless culture has some employees constantly looking over their shoulder. One former Netflix's employee told me he lived in constant fear of losing his job and that people of Color didn't feel as empowered to offer frank feedback as his white colleagues. He eventually quit hastings says people of all backgrounds rise in the company. But NETFLIX's isn't for everyone those who feel fear tend to check out because it's an unpleasant feeling. And really it's best suited for people who can acknowledge intellectually the risks. But in fact, they're so joyful about playing with great teammates. There are certainly versions of this that would clearly be completely destructive. Right Jonathan. Knee is a Columbia business school professor and former investment banker. He likes Netflix's culture. He says, it's actually better than what happens in most American offices people are not rewarded forgiving feedback. There's going to be emotions human beings somebody's gonNa cry you know something you just don't want like you know what? Let's just wait this mercilus approach is also applied to shows netflix's produces. Mom, what are we doing here? Your father's laundering money for a Mexican drug cartel where you gonNA wake up to your white privilege man, and then maybe later you can show me how to turn into a bat Yam's kind of Maine I'm obsessed with her. Those were the trailers for Ozark dear, white people and one day at a time all acclaimed shows and all ended by Netflix's in the last two years. However, polarizing Netflix's has taken off like a rocket ship. NETFLIX's big push into original programming with award winning movies and Buzzy shows like Tiger King have made Netflix's prophets speed pass traditional Hollywood studios. We do attribute that to the culture, but hastings admits the culture can be tough even on him. Hastings leadership style was once described as being quote unencumbered by emotion and he told me a vice president at the company wants. told him. He isn't a good listener and he's empathetic which I have say even you know at my level of success, it
Food for Medicine with Afsaneh Naimollah
"Welcome back to the outcomes racket Sal Marquez is here and today I have the privilege of hosting of San ant- name Mola she's an accomplished healthcare executive and investment banker shows currently an executive in residence at plug and play the world's largest early stage, VC Fund and corporate accelerator. She's also the managing partner of Zen partners an investment banking firm based in Palo, Alto and New York covering the next generation of health TECH COMPANIES OF WE'RE GONNA be diving into innovation and healthcare. Venture. Capital and I'm so privileged to have of Santa here with us of sonnet. Thanks so much for joining pleasure so Asana. You know you do some fascinating work in in healthcare and will dive into that the venture front, but before we do, would love to hear more about what inspires your work and healthcare, you know I've been on investment banker on a strategy advisor for over thirty years on I started my career in technology, so I come to healthcare with A. Fairly deep knowledge of what I call Horizontal Technology on about twenty years ago. Honestly I fell into healthcare. Just doing couple of deals, I'm then longside got you know the dynamics of the industry? was you know no looking back and I got heavily involved. On really started focusing on on the industry, and really for three three main reasons one is. You know, it is the largest industry in our economy. It's eighteen percent of our economy. It's the only industry that directly impacts every human being in our country. I'm probably most him personally an industry that despite his side. Is Social Impact. Is! Probably still to this day way behind. For example Fintech on some other technology, so it's an industry that. Really need. In my opinion innovation and it was really true technology bad. We can bend the cost curve so I said well. I have some good tech background. I love the industry. And it was almost like a calling I said that's how I'm going to get involved with this How Technology and make sure that I focused on. Sectors of the. Industry that could bend the cost curve. I love it. I love it, you you sort of just accidentally through a couple deals guide involved. Then strategically said. This is a good fit and the impacts big. So, let's let's roll up our sleeves. Yeah. I love it, and and so and so now you know your your role as managing partner of Zen Partners and executive in residence at logging play, you're seeing a lot of main stage work happening and so companies coming up with new ideas and businesses succeeding businesses failing you know. What would you say you? Guys are up to and really I. Guess, where should we focus you know? Should we focus on fly, play or Zen partners or more? I can't. We can touch base on both really there come with interchangeable so you know as an Investment Bank banker I've done about fifteen mergers and acquisitions transactions I was raised over twelve billion dollars or capital two. I feel private placement. Offering equity offering. You know when you do so many deals on you. You know I've met fell thousands of CEO's on thousands of companies over my thirty some year career. You've developed what I call an experiential intuition You know a pattern recognition, so what the reason when I moved to Silicon Valley three years ago from New York. Play. Invited me to become an E. R. and I was like okay. I don't have a lot of early stage experience, but I know a lot about healthcare and I know a lot about. Next Generation Technologies, and the opportunity afforded me listening to pitches like twenty thirty pitchers month. Of different companies, addressing different parts of healthcare, and then you know, it's been three and a half years now and when I wouldn't yards do the plug and play. We do really two things one is we help the five different venture funds that we have pick investment. And more importantly we take some of those mid stage for me. It's most of the early to mid stage company. We take it under our wing Ers. We work with founding teams on. From product strategy go to market strategy channel strategy and help them. We articulate their value proposition because especially the first time founders. They are sitting on a great technology, but I would say a good eighty percent of them. Do Not Know How to articulate the value.
How Our Current Virus Crisis Will Drive Techquisition
"Over the years this podcast has continued to gain recognition as a great resource for small business owners, sales, professionals business leaders. And that is because of the guests, these folks who have expertise in particular areas of business, and they join me to share that expertise with all of you. Today is no exception. My guest today is Paul. QUADRA CASSIS. In his book, Go tech or go. Extinct Paul shares is revolutionary approach to transforming legacy companies into forward thinking industry leaders. Through strategic acquisition of distrupt disruptive technology companies. House Entrepreneur Investment Banker and strategic advisor to CEO's senior executives, boards and shareholders of companies operating in or interested in the technology and digital industry sectors. He's on a mission to help large established non tech companies partner with technology companies to avoid being blindsided by exponential change. Has Been quoted in the Washington. Post Los Angeles Times U. S., News and world, report and Forbes. He lives most of the time in London with his wife and their three children. Thanks so much for joining me today Paul. The, Diane good to be here. I am happy to have you here now. You were talking today about. A! Lot Of what your book is about which is why non tech combination? CHOIR TECH COMPANIES AND Help me understand. Why they can't just use technology and an license designed their own solution rather than acquiring a company. Great Question. and. Almost. Everyone asks that at some point of this journey. And they first of all companies should be using in licensing. Technology software systems etcetera for their own purposes and designing bespoke. Solutions so certainly they should be doing that. However the problem is if that's all they do. If that's all a company, does then they're not gaining any competitive advantage with regard to the the other industry participants. Now this may not have matter too much ten or twenty years ago when technology was more internal, supporting the replacement of spreadsheets Placing frankly the typewriter but with the. Advent of the IPHONE smartphone, developing and and four G. Communications, and all the other wonderful. Elements of technology that has embraced the world That's no longer the case and technology today. Is being used to attract customers retain customers. and have them be delighted by your offerings and your services and therefore. Because technology is now so important to while your entire value chain, but especially your your customers. It's become a competitive tool. We we often say that. The porter five forces competitive model model competition that he designed back in Nineteen, seventy nine. Is a little bit out of date now it still applies, but in fact, we think that model has been transformed in a three way by technology so every single force of his five forces, the power of the bargaining power of customers bargaining power of suppliers, etc.. Has, been transformed by technology technology companies, therefore, if all you're doing licensing. That technology and not owning the the the let's say the latest the best most powerful technology solution that can impact your customers if you don't own that. Then you don't have any particular edge over your competitors. And your competitors aren't just your traditional. Competitors their new disruptors. Amazon's who are disrupting the sears in the walmarts of the world, so your whole competitive playing field is changing constantly, and even the biggest most most solid players tech companies know that they can be disrupted at any moment. Any Grove was famous for saying only the paranoid survive, and that's one reason, if not the main reason, why until did as well as a dead? It's why Mark Zuckerberg at facebook acquired instagram I think it was back in two thousand twelve for billion dollars, even though the company had no revenue, only thirteen employees because he knew that facebook could have been disrupted by like instagram now today, instagram, probably worth couple of hundred billion dollars. we, we see this, you know we see this all the time. Certainly with tech companies acknowledging be out of existence. If they don't own the the latest developments are the most important fundamental technology factors for their businesses. It's it's a reason why Google renamed themselves to Alphabet, because even though the Google search engine combined with you probably delivers ninety percent of their revenue and profits. The company knows that anything can happen. They could be disrupted. At any time just like they themselves disrupted the newspapers and other sources of information before Google came on the scene.
Ratana Stephens, CEO of Natures Path: When it comes to business and people, I'm a lioness
"You've been called that heart and soul of. Nature's Pat when you hear that. What does that mean when you think about how you era what is the heart and soul on when you go through difficulties then you see other people going through difficulty you have empathy. You feel for them because you yourself have gone through so my grandmother's very empathetic. And since I was brought up by her he was always there when people needed her in happiness and in sorrow I learned a lot from her and I to. What was the decision like to move to Canada in life? Then you surrender snowed decision. I've fell in love. I love my husband still after fifty years. That's a big feet congrats. A lot of people can't say that right now in close quarters. Oh yes we do. Have Disagreements on misunderstand me we definitely do but after you know discussing after getting a little bit annoyed become to conclusion that what we are talking maybe a different ways different aspects but became to the same conclusion rb agree based dom in the pros and cons and sit tolerance. You have to tolerate an accept. The percents find view. An that's what we have done and I'm grateful that has lasted that long and I think he's going to last longer one of the things that we were reading about with you. Is that as you sort of? Found Yourself as an entrepreneur. You also were trying to raise a young family and young children and WanNa talk a little bit about how you achieved any semblance of balance and I use the word balance kind of in quotes because I think we talk a lot about on the show that that's kind of a myth when people talk about work life balance but walk us through what those early days were like You know running a restaurant and having a young family you know. Tv Ago. When I was giving influential woman of in Business Award Kuenssberg there. My husband was there and of course. I thanked them and what I said. Your mother was always there. Bundy needed her but she was not there when you wanted her when they needed me when I felt it's very important for them to have me near them emotionally intellectually Charles there. If our daughters. She is a lyric soprano. Most of the time I took her to the lessons I take out some little time to take her to school. If they're teachers wanted talk to me to something I was Elvis there. So it's very hard when you're in business and when you have a beautiful young family is hard but you make sure in the time of needs dear family comes first when you and your husband eventually decided to continue following this entrepreneurial side of both of you and built nature's path. Did you talk about like this is how we're going to divide and conquer? This is what you're good at this good at talk to us a little bit about how that works. Aaron is in a leader. He is very good in marketing. And I felt I connect with people more so than he does because US artists is entrepreneur is in a waiter as more soul in marketing. So what I did. After livestream was sold I took securities course just to find out how this finances work on how you also cheap. And he supported me for three months. I Wa ause an investment banker or you call it stockbroker and after that. I told my manager. I said I'm sorry I can't work. He said why you could have meant you know how they talk about. Meeting held off a great broker. I said you know you're right but my family and my marriage is very important. Yes I learned finances. I love people and I learned how to work with people were producing so operation also came under my wings finance out so came. Hr only thing that we shared together. What sales who did you guys go to for advice when I think back on the health space you know thinking about the seventies even the nineties it's just boomed in the past few decades there? I'm assuming wasn't the same type of information or resources or networks when you guys were starting out were there people. That were mentors. When you couldn't figure something out. Who did you go to? You know my husband used say breadth nigh uncommon common sense. I didn't understand that before Moore I could find. With whom Sir was willing to give me advice. I would listen. Use my common sense and go forward. Why do you think he called it? Uncommon Common Sense. I know because probably he felt that I I have common sense which he has not found another. I WANNA stop at this first second and talk about it because what you're talking about is something that Dan Yan. I can relate to a lot which is very much when we talk about our own story and talk about going up and asking like very simple questions. And if you don't understand something you figure it out you ask the people who can help you figure it out. I think there's a lot of reasons why people don't necessarily do that but would away you talked about your story. It's almost so simple. So I'm laughing at how your husband phrased it because I think it's such a spot on description for those that are listening. That are thinking about being an entrepreneur themselves. What is your advice about? How to tap into the uncommon common sense? You know one thing. I also forgot to tell you that I read books. I love biographies whether business biography. Whether biography of well known politicians are well known saints. Demean the inspire. You you feel that what they have gone through and how they have come out of it. Are these lessons for you and for me for everybody because no life is obvious straight whether in politics weather and business weather in any spheres you know in Hinduism and Judaism Islam Christianity. We see the inspiring. Bahir read the inspiring stories. Some of them. Most of them are wonderful. So yes I think. I give uncommon common sense. I give credit to the family the society and to the woman who brought me up.
"investment banker" Discussed on CRYPTO 101
"Today's show is brought to you by. Our new sponsor COG NETWORK COG network. Geared gain cog network is hedge fund. Investing evolved by owning COG NETWORK. Tokens you get exposure to the hedge funds. Gains the Hedge Fund is comprised of Algorithms traded commodity futures and investment in hard assets related to energy. The first hard asset is partial ownership of a multimillion dollar. Solar farm has a crypto mining operation. Attached I mean this is really something that both traditional and crypto investors can come together and participate in so for traditional investors. They can get exposure to cutting edge blockchain technology and a framework that they're familiar with a hedge fund right in crypto investors can get exposure to an actual security that bears dividends and includes non crypto assets. So that's super cool and just for full disclosure. Cognitive work is a fully registered and regulated entity qualified by the SEC as well as s and has a five or six exemption. They've been working with lawmakers since two thousand seventeen to get this idea built out in a fully compliant way crypt nation. If you guys are interested in learning more about a token is hedge fund go visit. Www DOT com dot network. All right all you good. Citizens of crypt nation is your host Braced Paul Today..
Trump Grants Clemency to Blagojevich and others
"Work president trump has granted clemency to a number of convicted white collar criminals today including former Illinois governor rod with global glory of it correspondents armory with others on the list he also part in the former owner of the San Francisco forty Niners Eddie DeBartolo who was found guilty of attempting to conceal an extortion attempt and Michael Milken the nineteen eighties investment banker known as the junk bond king who is sought to wipe clean his securities fraud conviction for
Gil Beyda (Comcast Ventures) - Always taking risks
"Hello and welcome. I'm Alex Nick and this is moving up a podcast about secrets to success. Struggles along the way and life in general in the pot Gill Beta from comcast ventures on the pod Gill shares what. He thinks the key to all his successes and then we go deep on his pretty awesome journey. Let's get into it Gil. Thanks so much for being on the Alex. Thanks invited me. Looks like we're GonNa have a good time today. Yeah I mean we've already been bantering going back and forth here. It's always like we have such a conversation. I'm like oh now I don't see anything more. Let me let me hit the red button. I wrote to say oh like we said before. And that's usually how it goes. The listeners. Love that so comcast ventures genesis ventures. We'll get into all your venture capital stuff. You got going on today. But like when I ever venture capitalist I haven't met with one and yet that said Oh I knew I wanted to be a VC. When I was a kid do you is I did not I have a technical background so I love Computers Program Computers Earth Way back in high school and college? I studied computer science and Decided that I wanted to program computers and some of the first ten years of my career was all about Being software engineer for a companies large and small I helped develop l. up a part of the UNIX operating system. So something you know you know really down and dirty and then also Develop applications locations financial branch automation. Applications did did the full stack Then I founded my first company which was an ad Tech Company Company and I was the founder CTO Then that company exited founded another company and then after that second company I had an opportunity to go into venture so it was a series of accidents decisions But I've been in venture for eleven years now and and having a great time so let's let's stay in the early days for a few questions at least where. What is this like equation? Technology this entrepreneurship side of you'd that come from your parents your parents entrepreneurs like do you want to work for a big company yourself like what. What is that inside of you? That kind of pushed you that way. My parents were the consummate entrepreneurs alcohol they neither of them had a college legit education. I'm not even sure whether they graduate high school But a so. They started number of businesses in the in the clothing industry Where they would sell clothing They had stores and all and I worked in those stores and saw a You know at age of Eight nine ten eleven working in the store selling women's clothing and They were very entrepreneurial. They grew their business from from one store to many stores And so was always in my blood and all during in high school and College I was starting a bunch of businesses and of course malt. Most of them failed But was always thinking about it about problems that need to be solved about opportunities markets And you know I remember back in my early days. I I used to keep a list of of ideas of companies that I would start at which I which I advise every entrepreneur to do is just can't keep a running list of of ideas and keep right reprioritising them which ones you think are less possible now or more possible. which ones are you more more or less excited about And funny A while back I. I look back at that list. And this list was from from the eighties and Their ideas on it. I actually think are still good ideas today and I challenge some of viewer. Your listeners may be to To do one of these businesses. A one of them was. I don't even was possible. But it's popcorn that POPs in the shape of an animal so like animal crackers for popcorn now so the margins on popcorn or probably nickel Lord. I but wouldn't you pay extra if the popcorn was in the shape of a zebra elephant or a lion or something that was one of my early ones. Some of them are crazy. Some of them not not so crazy and all But I always knew that I was going to to start a business and So I was just waiting for the right idea. I mean I love hearing about this because speaking of business side ideas starting businesses and all requires practice. It's not like you just have some light bulb moment and it's like i. I didn't think any businesses knife out of my very first one and this is going to be the one I'm GonNa go do and it's like it's a muscle that requires like use use. Yeah I I it you put it perfectly Alex that you have to be practicing you have to be an entrepreneur is not just somebody who starts a company it is somebody who is constantly continuously in that process of starting a company and then one of them actually sticks and you end up doing that for many years. It's also so feeling pain points and maybe maybe it's easier to start off if you don't have the list you've never thought of a business. Just to think of problems takes a long time to drives the airport or wait in line at security or whatever it is right down problems on and you can try to think of business solutions to those problems will. Maybe some. Don't have a solution. Maybe maybe some do I think it's a AH. There's a parallel though an opposite universes between entrepreneur and a comedian a comedian goes through life. Making all these observations of of Oh like a while waiting at the airport or whatever and they turned it into a joke or life. Experience and an entrepreneur makes those same mob's rations but instead of trying to make it funny. They actually try to solve that problem. I like that a lot of great one. Okay so you're this entrepreneurial kid growing up starting stuff left and right you go to college rate. Yes where do you go to college. Cal State Northridge California. My Business Partners to oh great from L. A.. I am from La and the clothing store was in La yes what part of La The clothing store was actually in Inglewood. we lived in La Proper and then eventually moved to Beverly Hills. Oh Great We'll talk about that later. Okay so so you you you gotta see sign and and when you're there you're still you do still have this like entrepreneurial passion because I was like you I was starting businesses left and right growing up and then I went to school and I I said I went to Pennsylvania and now it's like everyone's like I want to be an investment banker an accountant or a consultant on my. Oh there's like these prestigious jobs that society is telling me that I should go get I mean that was my path but in hindsight I was like wash continued starting businesses and your own the biggest dirt farm and by now or something but You get caught up kind of like what all your friends are doing. Did that happen to you. I was don't let any of my kids here this but I was not focussed on school at all. School to me was something that I knew I had to do that. I knew would look good on my resume But it's unless it was fun and interesting. I wasn't super engaged so during high school where I founded and one of my first companies called Mind Games which was A video game for the original Apple Computer so I would spend Days and nights and programming The game and maybe showed up for class maybe didn't and so in high school. My grades were marginal may be. I had a C. or a C. plus average I think in college. Maybe I opt it to A. B. or B. minus But I knew that the grades that was not going to be my taken And I have a lot of respect for those folks who are focused on maximizing their the university experience and I think that's that's super important for me adjust didn't click and so even during high school and and in College I was I was starting companies and probably migraine sufferers. It's I mean I think it's a good testimony so you were able to realize that school is not what I want to be focusing on I want to be focusing these other things because like I kind of feel like I was similar to you. I didn't school but did it anyway because they gave all pressure's it's like oh you need to do this and I should have just been. I mean not should've aminals my path until sure so I'm actually kind of envious of you that you had that south awareness to say. Yeah this is not not really focusing. Nobody has ever asked me what my GPA was not unless your like in the top the commodity And nobody asks you what an anybody's I volunteered it. Because I'm mullahs proud that I actually you know did not get as and BS that. I'm actually a C.. Student and was able to do quite well Um mm-hmm and so for all those people out there who maybe are focused on other things or school isn't their Forte They're still lots of opportunity out for those people
Connecticut man accused of killing Anguilla hotel worker skips hearing
"To the Connecticut man charged with manslaughter in the death of a hotel worker in Anguilla skipped a court hearing yesterday living nightmare the forty four year old investment banker was vacationing with his wife and three kids in and will it in April when he says a resort worker Kenny Mitchell came to the door in uniform claiming he needed to fix a sink but Hapgood says Mitchell pulled a knife on him and demanded money claiming Mitchell then stabbed and bit him during a violent struggle were Mitchell died goods daughters ran for help good who is out on bond was scheduled for hearing Monday but did not appear his lawyers concerned for his safety if the judge revoked his bail sending him back to jail until the case is resolved the spokesperson releasing a statement saying it has become progressively apparent that Scott would not receive a fair trial in Anguilla suggesting that politics are governing Scott's case rather than the law and the
"investment banker" Discussed on The Dave Chang Show
"This glorious i don't know if it was twelve months we were really writing wanna unsigned sunshine and you know then we ran right into the eighteenth of two thousand and eight financial crises we weren't prepared for in some ways you know the becoming that rich that quick there was all kinds of stuff you're trying to digest people calling you up you start believing your own your own press a little bit and we'd rather business really really fast and you know a series of unfortunate events lemony naked and really horrific market the humbled us wasn't said about this is this part of the discipline that you are saying other traders and other people that are greater that profession's like when they when it's really good they still are focused on like bill ballot check i always imagined someone that's not really enjoying it because they wanna win yeah listen when i look back on what we could have done different plenty we could have been a little more conservative we could have slowed the pro for company down we didn't really have anyone to run the we we rebate businesses but no one really running the company so you know we had a i think the restaurant industries in a scary replace you know i'm always doing gloom and you know we are expanding in i think there's things that are changing at such a rapid pace that it's hard for anyone to really predict what the future is going to be because nothing in the past is like make sense anymore to what we're doing now or so hard to predict the future in food and the more than ever with all the success we have it's all going to go away tomorrow like that it's a terrible feeling i thought it was just me but i now see other people my company feeling the same way and i'm like this can't be healthy and how i mean i'm talking to you because you've been in the hole so many different ways what's the best advice you have for someone to get out of that fucking hole well to realize that your external life how your company's doing how your l. is doing doesn't necessarily have to affect your internal life right how you feel about yourself like if you just deal with your reality reality is okay we were in the port business and swine flu happen and destroyed all our pigs shit we're losing our money like that's a reality you gotta make decisions based on on that reality it shouldn't necessarily figured how you feel about david chang or how you feel about yourself in separating those two things and doing the work to have a good internal compass wife that loves you so many live in your kids prioritizing in realizing the rest of his my external life in a job and the best i can and i'm about people depending on me to do the best i can add it but it doesn't mean i'm better or worse that's sounds easy it's really hard to do the people that are happiest and people are successful are able to do that it was a bad it met a bad thought it was right put our heart into it was wrong most people do when they get that work life thing understood and they're in a situation that is pretty dire and it almost seems impossible versing religious dear god please i know avenue church twenty-seven he's just let me out of this i mean i always say it's like being in weeds like when you're cooking on the line and you're in the weeds and you're behind tickets it feels like you're drowning and the thing that most people do right off the bat as they move faster and more organized when the really really good cooks the veterans they slow down they intentionally move slower and it's so contrary to what you should be doing and then they move faster and faster and faster is that what you should be doing general when you're on the whole i i was they got the name of the sushi rational at the okura hotel in tokyo famous famous sushi restaurant and it was in the basement of the older karate they've moved it and there was an earthquake jew and the three sushi chefs they step back from the thing hands folded just stonefaced wait until the earthquake finish step back up and started cutting the sushi again i was light worthy it was the coolest thing i've ever seen of justice a take a breather assess the situation will back you're supposed to breathe tried understand the big picture you know is digging a helper not come up with a game plan and execute and for all that i know of you in all the work that you put in and the training and just the discipline i oh feel that there's something that you say and here i see some of our my other friends say too it's like or a trait it's almost like i'm going to do this work but i'm gonna will who work to somehow it's going to work out you're so optimistic like that it's insane i'm an optimist i am an optimist and sometimes it gets me in trouble and i think good energy like life is about energy and good energy dinner follows good energy and when i'm staring at a screen i used to like go you can look at this guy right here the chinese guy he's staring at that screen not doing anything he's just staring at that screen i used to go out and say dude no matter how are just there at the screen it's not gonna move the price you don't have that kind of magical powers and so do something productive if you're worried about the position make a few calls to understand what else is happening if you're really worried about a put a stop loss and let it go and so understanding what is productive and what's not productive is also important you can will it organization you can william yourself to work harder to get to the right place but that's not like magic that's making decisions pointing yourself in the right direction riveting moving going an executing and so there's gotta be take a breath make a decision and then execute and that often feels like intuition and some of it is you know you're you happens naturally but if you really broke it down it's taking a breath assessing the situation hey did we make the wrong bet and during the courage if you made the wrong bet to say let's just shut this whole thing down we open a restaurant where no must eat our food so either change the food or shut the thing down that's not the end of the world that's something i i've observed that you do really well is you're constantly like analyzing data and not afraid to change your decision and based on changing data why do people get so pot committed to something like that it's like they it doesn't make any sense hey with put all this time into this like we've done it with a restaurant you sign a lease and then three years later you open it up and everything's changed but you're like you knew it was going to happen but you still don't change anything you see that i see it i see it a ton listen people have it's people to interpersonal life we we are a a series of identities these identities are really power guide anymore it's really hard it's like a death of letting those identities go and so same thing with our businesses this is what we're supposed to be who said why and so people get so stuck in their identity and he's just a story it's not real and so if you can understand that everything is about story and they're just stories that really the real essence your energy giresse sincere that's hard to do that's the that's where the spiritual work collide with the business work but those are the guys that do the best into bitcoin for you yeah how first of all i still don't understand what bitcoin is and and i have a lot more questions about that but how did this whole how did you become on the cutting edge attack and bitcoin moved his business to san francisco one of his friends in san francisco wenceslas harass who's a wonderfully charismatic guy he he had told peterbilt bitcoin so p called me as his partner who is unspecular side i literally spent twenty minutes on google and i was like do this is gonna work and silence by some when you're is this is two thousand thirteen fourteen because about ninety that i had another friend other classmate who had been a hedge fund manager who had his hedge fund screwed up and so he was sitting on the sideline doing nothing but he was a brilliant guy so i called him i said hey look into this thing big when i don't know enough time weeks later he called me back because it gets going to change the whole world and he put a lot of money into it and we were a lot richer than he was so we had to put at least as much as heated otherwise you know it went up from ninety two thousand and then on back down and then it went all the way up to twenty thousand and so i got more known for it almost by circumstance or accident at fortunate we decided you know where a real assets place we're not gonna associate our brand with crypto and that's why we question about frontier currencies and instead of talking about these emerging market currencies i said you wanna frontier currency that i talk about bitcoin i gave the four reasons why would go two thousand what the hell is crypto current well it was fear that made me study right so like you get invited to the oxford union you're like okay all these smart kids are gonna ask me something i don't know i barely now the damn thing worked i like scrambling to like understand you know how bitcoin work the philosophy and and one thing i've learned in life you start making money in something therion project was also a college roommate and you know when i was talking about bitcoin he had emailed me he's like dude i didn't know.
"investment banker" Discussed on The Dave Chang Show
"Com and use the code chang c. h. a. n. g. at checkout for twenty five dollars off once again that's great jones goods dot com and use the they are the ringer podcasts presented by major domo media big shout out to yola tango as always for letting us use their music for the introduction you should check out your tango if you're in new york city for the hannukah run of shows at the barry ballroom of this year they used to host at maxwell's in hoboken until maxwell's closed recipe maxwell's one of my favorite places to watch music but if you haven't seen you a lot of tango before you should check them out because this is one of the best like series of music out there and it's fun and festive and they always have fun guests so if you're in new york city wanna get a house check it out a few of the dates for the hanukkah series are already sold out so go buy your tickets this week i wanted to get to injuries my guest is name is mike no regrets if you are not in the finance industry or collegiate wrestler you probably have never heard of this.
WeWork: Unicorn Cowboy
"He's speaking here in January of last year at a conference of mayors at the time we work was worth more than twenty billion dollars an extraordinary amount of money for an eight year old company that had never made a profit and was in the business of renting out office space by the month but newman never really talked about. We work as a company that rented out office space. Here's I would he told the mayor's if you bring us in for ten locations we will create one hundred thousand jobs over the next ten years and it can go go bigger and bigger and we wanted just bring your jobs. We'll bring the place to live. We'll bring education and this is important will bring corporate America we will redesign their space build it deployer technology which is called we always and took okay longtime to create and then put our community where you do that for a city hall. I would love to see the whole this is the way newman talked about. We work and we work talked about itself not as a company that rented out office space but as something much bigger we kept opening more offices and more cities and kept losing money and investors kept giving the company more money at higher and higher valuations by the beginning of this year we work was worth almost fifty billion dollars because it wasn't just an office company it. It was a technology company that was going to figure out how to profit from offices and apartments schools in City Hall and basically everything we were like. We're going to be a universal. They don't know what the word is. Universal Place Company Matt Levine used to be an investment banker now he writes for Bloomberg opinion my favorite of his recent headlines it's not you. It's it's we anywhere. There is a place we were going to be taking money out of it. That's why they could raise money at forty seven billion dollars evaluation. They weren't like an office landlord company. They were this flakes everywhere all encompassing master of space at least that was the story we were told up until this summer until to put up finer point on it just after seven. Am Eastern time on August fourteenth we work was preparing to sell stock to the public for the first time they have an IPO and they published a document for prospective active investors. The document is called S. One Thursday really quite extraordinary turning point like everything was one way and then the as one hits and immediately everything is the opposite way in like shockingly rapid fashion that whole story that we were had used for years to raise more than ten billion million dollars from some of the richest most experienced tack investors in the world The story that made it the most highly valued startup in America back collapsed instantly instantly. How did we work raise so much money? How did it go so bad so quickly? What tell us about the way money works in the world today hello and welcome to plant money? I'm Jacob Goldstein. The story of we were long rise and almost instant fall largely goes back to one guy not Adam Newman not even anybody at we were. It's a guy named Masayoshi sun today on the show. We Work Masayoshi Sun.
"investment banker" Discussed on OC Talk Radio
"I'm going to hand him. The ball eight people like myself just going to run interference. He's GonNa plan the strategy to get the how to get to the goal recruit. The team run the team. Call the plays all that yeah right so to show say has a portfolio now to have a what's called diversified portfolio. You wouldn't invest all your money in this strategy but you take a small mall portion of it. which is the risky portion of it? which is you know as you get larger in size of your underlying assets your investable assets? You're you have to be more industries to stay diversified so right. It's part of a you know. Let's call the balance port balanced breakfast. Oh she talked about this all the time yeah exactly back part of a balanced breakfast and it used to be easy it was just sixty forty stocks and bonds stocks went up bonds went down and vice versa stocks. Go down bonds go up. Nigeria have all these non correlated assets that don't follow either one of them and and can keep you safe in a stormy sea here options out there are options right you get up exposure to like kind of a different asset class and there's been a lot of research and talk about the fact that bonds and stocks and bonds are becoming more connected and harder to diversify seem to work in opposite direction so so what about all this now under the jobs act under Obama we hear it all the time in here a created equity crowdfunding not just regular T. Shirt and help. If you give me twenty dollars here reward based stuff where you actually can go now raise money to wider group of people talk to them directly directly it was supposed to stimulate that's supposed to do an end to run around all you guys. I don't need all you guys. I can just go talk to my friends and family and general community. I can advertise ties more. I can talk more was supposed to open it up more and what's that done right so the governor that's a very good point the government and the powers that be have decided that in order to to democratize the investment industry and the the essentially the deals out there that people have access to they've created. What's they've you know extended. What's called regulation a plus which is if you're under a certain amount raise. which for you know you can look this up on your around then you don't have to go through the full IPO process which is the technical documents called an swan now you can go around around the process or have a light disclosure which saves a so if you're a small business the cost of the regulation and all the you know the service providers and the legal advice you have can run into many hundreds of thousands so to to open access to the capital markets to smaller firms. They've have created this reggae plus deal which you know it's it's quite substantial so and actually we do a lot of those deals at our company and it just kind of streamlines the process and gives access to a lot more folks which you know investors because the fear was it. Would it'd be the wild west again and again. You've got less regulation more looser advertising roles other sorts of things that you also also want to make sure that your partner up with someone. That's like an investment banker. That has the credibility. That has the licenses as the regulation. Look at the stuff away right. That's a very good point and we say you know that we wanna be qualified for full offering IPO offering but if you decide to go with less regulation than that should be open to you don't want to start with hey we're trying to bypass the regulation and which cutting any corners so very important in point and consult your lawyer always saw opinion journal to any this without consulting folks. This is not giving you advice interest just education today here trying to understand the system here. So is it fair to say that the investment brokers kind of the last one in the chain trying to raise bigger money or do you get involved earlier earlier as well well. No we get involved right from the start. I mean we go from what's called the inception of a deal. The company is getting in larger and Decided Electric Scooter Company. Hey steals taking off now. The or communications company has recently speaking with communicate Internet radio an Internet Radio Company. Take off right. We need to do a public offering Gordon Gecko. So uh-huh as you grow you might want access to public markets which enables you to raise capital easier and grow your business and when you do that so you have to do a lot of disclosure so so I would never meet a guy like because I would go to the letitia advisors and they are part of a syndicated group. The chew pulled together a team as the quarterback to to run this play to to play this game out and see if we can raise money for this and you go to them and explain ended and she liked it. She'd bring it to me but you wouldn't find me as yeah necessarily we both really it depends like if we we have clients that are in individual like you said families then yes we would he would come to us and then we go to the clients but if but exactly but if there is company owners that they want actually do this with their company we can make the introduction and oh you can bring them in. They say hey you know Leticia. It's the time I need. Who Do you WanNa grow on a guy and I WANNA raise capital. What does that look like. Where do I go without Swin. It would be a great opportunity and to make an introduction to an investment banker so last question I have. How would I know if they're a good one or a bad one. What's different must are there lots of people doing this yeah right right so do. I just go through recommendations or how would I know how to find an hire an investment banker well. That's it's also a great question. Probably a lot of listeners. WanNa know the first thing that alive so surprised that many people don't know is that there's a website that has a full disclosure closure. If your license on it you can go if your license you can go to this website to clicks and you can you can view the backgrounds of any investment. I have no idea broker. Check broker. Check all right but that in the note I never knew that's the crux of being licenses. It's full disclosure so you can go on there and I you see now is my broker a criminal for example yeah and they have been accused malpractice or other sorts of a lot of legal issues so the first thing thing I do is is consult that and then it would be track record and kind of word of mouth. I mean did this talk to references to Christer must be people that fail in raising my I hire a company not your company but I hear this other company and they go out and pay him a bunch of money as an adviser and right put all this money into writing everything they want me to write and doing it. We don't raise the money well thankfully. That's a very rare occurrence and I think that it owes to the fact that if if you go into a deal you kind of you know that you can succeed on it and you know sometimes you might get through diligence and something's insurmountable but I'd say nine times out of ten or they don't raise the amount that they hope for so the that I would look at the quarterback can say we didn't win you didn't you. You said we were projecting. This and we only got this much less. You know the we work so the world can't be too happy with their investment bankers of suddenly they come out and it's worth less than they all projected and hope for something. I'm very important to understand an initial public offering you want to release that offering when the market conditions are favorable yeah if there you don't see any any you know why is this your huge year for investments. you know initial offerings is that the markets are generally all time highs and you know ah conversely. You don't see that in the recession time two thousand eight two thousand nine so you gotTa tell me when to pull the play to hear you might say. Paul will go with that that radio station getting ready to launch air. That's not this isn't a good time for exactly yes advice of what they're doing as well coaching and and making sure the numbers are in check in you're you're prepared actually spoke to an issuer a real estate trust at a San Diego that that that actually happened to them. They were already. They filed all their documents and then the market when they're ready to go the market conditions were poor and they had to pull it so that's kind of wish you would rather do. You have everything down because you don't get to get a second shot at it. I suppose I could regroup and come back again but I've already started left a sour taste and everybody's mouth and breath complicated and expensive right and actually for you know a high level example would be the the Saudi Aramco deal. They wanted to go public a few years years back and pulled it has market conditions were not favorable and now here they come back in for another shot so and just as they do somebody decides to blow up their oilfields in me through the whole thing up against so that that would be your biggest stumbling block market conditions. I know we're out of time but when last last question we ask every person who's on our show is what's your ultimate lesson learned and this could be in business. This could be in you. Personally in life could be by your cat broad question but is far as the you know working with financial how people work hire hire a professional either letitia or some you know on on your portfolio side or if your company looking to go public you don't trust you know uncle bill you go to a real a licensed professional or someone with a lot of experience and that'll save you a lot of time and effort effort but you know. I think I've never said this before. I think why so many of us do just trust not just uncle bill but whatever we read last week in the Wall Street Journal or with somebody told us or whatever here because we don't really fully understand the complexity of all that both of you do and so kind of looks easy. I can do that and well. That's our job. I mean our job is to tape the worry and fear out of investing and so it's should try to simplify what we're doing and make it really. Powell palatable to be able to understand what we're doing. Ryan Howard doing it and our whole goal. What we do personally is educate so I am sure you do as well but that would be my yourselves yourselves as he thinking oh. I'm paying you to do what I can't either. Don't know how to do and don't have the time to do it or the expertise to do and so I'm trusting a professional with this because it is complicated. It seems incredibly complicated. It's certainly can be and you don't want to go down the wrong path and half to double back back. You want to be a much more expensive than you know. Perhaps a bit. There are a lot of people that do are always an easy path straightforward process. Yeah we'd be surprised at how many times you see the guy's second time around who's had poor experience some takeaways work with professionals early and often and you'll save yourself a lot of money and heartache. How did they reach you. Well a lot of it's word of mouth and you know barber my uncle bill. Hey houdini professionals harder sir. You know you build these. It's very relationship driven business because I mean as you can appreciate you. Don't want to hand over your maybe your savings. It's a sensitive topic so you WanNa make sure it's right and you build a relationship with somebody overtime and the and the Bart's letitia real heavily have a fiduciary responsibilities isn't just that they could lose their clients they could lose their licenses and stuff here they have a they have a responsibility to their clients that it goes beyond just holding onto their business here illegally mandated responsibility in addition to you. Want your clients to you know have good good results but you don't WanNa you WANNA. Make sure you're working with someone who has to give you fair disclosure and be honest and you know all those things support and so. I got to give you fair disclosure. We've already gone ten minutes over because it's so fascinating appreciate the opportunity for letting letitia. Let me ask you these questions because for so many years I've wanted to ask somebody and I either felt stupid and did not admit I don't know these things or I didn't have the opportunity to sit down and talk to people because you don't come down off the mountain very off. I mean this this area southern California. There's fewer bankers you know especially Orange County. You'll go get a few more in L. A and then you'll see the bulk over New York which you know a couple thousand miles away so you don't actually I don't run into them yeah right as much yeah all all right. Thank you Paul. Thank you Austin so much all right. How did they reach you letitia. You've got to give it a plug for the show gas so you can always find us at opt. Invest Invest Inc.. Dot Com that's OK P V s T. INC DOT com. We're on Instagram facebook twitter you name it and you can download our podcast a pod beam..
"investment banker" Discussed on OC Talk Radio
"Balls my company or my product or what I'm going to hand him the ball I'd hi it's like people like myself going to run interference. He's GonNa plan the strategy to get to recruit the team. Run the team call. The place yeah about right so to show say has a portfolio now to have a what's called diversified portfolio. You wouldn't invest all your money in this strategy but you you take a small portion of it. which is the risky portion of it? which is you know as you get larger in size of your underlying assets your investable assets? You're you have to be in more industries to stay diversified so right. It's part of a you know. Let's call the Balance Port thousand breakfasts. Oh she talked about this all the time the second part of a bounce practice and it used to be easy it was just sixty forty stocks and bonds stocks went up bonds went down and vice versa stocks. Go down bounce go up now. You GotTa have all these you know non correlated assets that don't follow either one of them and can keep you safe in a stormy seat here. Will you get options out there or options you get exposure to like. Kinda different asset class and there's been a lot of research first and talk about the fact that bonds and stocks and bonds are becoming more connected and harder to diversify they seem to work in opposite direction exit so what about all this no under the jobs act under Obama and we hear it all the time in here they created equity crowdfunding not just regular one two t shirt and help. If you give me twenty dollars here reward based stuff where you actually can go now raise money to a wider group of people talked doc them directly and it was supposed to stimulate that's supposed to do an end to run around all you guys. I don't need all you guys. I can just go talk to my friends and family and general community. I can advertise it more. I can talk more supposed to open it up more and what's that done right so the gover- that's a very good point the government and the powers that be have decided did that in order to to democratize the investment industry and essentially the deals out there that people have access to they've created. What's they've you you know extended. What's called regulation plus. which is if you're under a certain amount raise? which for you know you can look this up on your own then you don't have to go through the full? IPO process which is the technical documents called an S. One now you can go around the process or have a light disclosure which saves a so if you're a small business the cost of the regulation and all the you know the service providers and the legal advice you have run into the many hundreds of thousands so to to open access to the capital markets to smaller firms firm. They've created this reggae plus steel which you know it's it's quite substantial and actually we do a lot of those deals at our company and it just kind of streamlines the process and gives access to a lot more folks which you know investors are because the fear was it. Would it'd be the wild wild west again and then again. You've got less regulation more looser advertising roles other sorts of things that you I want to make sure that your partner up with someone that's like an investment banker that has the credibility of has the licenses as the regulation look at the stuff away they right. That's a very good point and we say you know that we wanna be qualified for full offering IPO offering but if you decide I to go with less regulation than that should be open to you. Don't want to start with hey. We're trying to bypass the regulation and which you know cutting any corners so very very important point always consult your lawyer always. Yes you ever do any this without consulting people folks. This is not giving you an advices vices just education today here trying to understand the system here. So is it fair to say that the investment brokers kind of the last one in the chain trying to raise bigger money or do you get involved old earlier as well well. No we get involved right from the start. I mean we go from what's called inception of a deal. The company is is getting larger and decide to think electric scooter company steals taken off now. The or communications company has recently speaking speaking with the communicate Internet Radio Company. Yes we've got an Internet radio to take off right. We need to do a public offering Gordon Gecko Echo. So as you grow you might want access to public markets which enables you to raise capital easier and grow your business and when when you do that you have to do a lot of disclosure so so I would never meet a guy like because I would go to the LETITIA advisors and they are part of a syndicated aided group that you pull together a team as the quarterback to to run this play to play this game out and see if we can raise money for this and you go to them. I'm an explain it and if she liked it she'd bring it to me but you wouldn't find me assert that necessarily we we do both really depends like if we have clients that are in individual like you said families then yes we would they'd come to us and then we go to the clients but but exactly we but if there is company owners that they want to actually do this with their company we can make the introduction and Oh. I said you can bring them in. They say hey you know Leticia tissue. It's about time I need. Who Do you know you WanNa grow guy and I want to raise capital. What does that look like. Where do I go without Swin. It would be a great opportunity pertaining to make an introduction to an investment banker so last question I have. How would I know if they're a good one or a bad. What's different must are there. Lots of people doing is less right so do I just go through recommendations or how would I know how to find an hire an investment banker law aw that's also a great question. Probably a lot of listeners. WanNa know the first thing that a lot. I'm so surprised. Many people don't know is that there's a website that has a full full disclosure. If your license on it you can go if your license you can go to this website to clicks and you can you can view the backgrounds of any investment I have. I've no idea broker. Check broker. Check all right but that in the note I never knew that's the crux of being licenses full disclosure so you can go on there and I you see now is my broker criminal for example yeah and we've been accused of malpractice or other sorts of things a lot of legal issues so the the first thing I would do is is consult that and then it would be track record and kind of word of mouth. I mean did this talk to references insist. There must be people that fail in raising my I hire a company not your company but I hear this other company and they go out and I pay him a bunch of money as an adviser. I I put all this money into writing everything they want to write and doing it. We raise the money well thankfully. That's a very rare occurrence and I think that it owes to the the fact that if you go into a deal you kind of you know that you can succeed on it and you know sometimes you might get through due diligence and something's insurmountable. Ed Say Nine Times out of ten. They don't raise them out that they hope for so the that I would look at the quarterback can say we didn't win you didn't you. You said we were projecting this and we the only got this much less. You know the we work so the world can't be too happy with their investment bankers have suddenly they come out and it's worth less than they all projected and hope for for something very important to understand as an initial public offering you want to release at offering when the market conditions are favorable yeah if there you. I don't see any you know wise this year a huge year for investments. initial offerings is that the markets are generally at all time highs and you okay conversely. You don't see that in the recession time two thousand eight two thousand nine so you gotTa tell me when to pull the play to hear you may say Paul that radio station are getting ready to launch air. That's not. This isn't a good time for that. Exactly that's a yes the advice of what they're doing as well coaching coaching and making sure the numbers are intact in you're you're prepared actually spoke to an issuer a real estate trust out of San Diego that that actually happened to them. They were already they filed all their documents and then the market when they're ready to go the market conditions report and they had to pull it so that's kind of wish you would would rather than have it for you. Have everything down because you don't get to get a second shot at it. I suppose I could regroup and come back again but I've already started left a sour taste and everybody's it's mouth complicated expensive right and actually for you know a high level example would be the the Saudi Aramco deal. They wanted to go public a few years back and pulled it has market conditions were not favorable and now here they come back for another shot so and just as they do somebody decides to blow up their oilfields in me and screw the whole thing up against yeah so that that would be your biggest stumbling block market conditions. I I know we're out of time but the last question we ask every person who's on our show is what's your ultimate lesson learned and this could be in business. This could be in you. Personally in life could be about your cat very broad question but as far as the you know working with financial financial people it'd be like work you know higher higher professional move either. Letitia or some on on your portfolio side or if your a company looking to go public don't trust uncle bill you go to a real a licensed professional or someone with a lot of experience and that will save you a lot time and effort but you know. I think I've never said this before. I think why so many has do trust not just uncle bill but whatever we read last week in the Wall Street Journal or with somebody told this or whatever here because we don't really fully understand the complexity of all that both of you do. It's kind of looks easy. I can do that and well. That's our job. I mean our job is to take the worry and fear out of investing and so it's should try to simplify what we're doing and make it really. Powell palatable to be able to understand in what we're doing and how we're doing it and our whole goal what we do personally educate so. I am sure you do as well but that would be. My and educate yourself says I'm paying you to do what I can't either. Don't know how to do and don't have the time to do or the expertise to do and so I'm trusting being a professional with this because it is complicated. It seems incredibly complicated. It certainly can be and you don't want to go down the wrong path and half to double back you WANNA. It'll be much more expensive than you know. Perhaps do bitches and always an easy path that a straightforward the process yeah we'd be surprised that how many times we see the guy's second time around who's had a poor experience some takeaways work eric with professionals early and often and you'll save yourself a lot of money in heartache. How do they reach you. Well a lot of it's word of mouth. South and you know my barber my uncle bill professionals bar or you know you build these. It's a very relationship driven business because I mean as you can appreciate you. Don't want to hand over your maybe your savings savings.
"investment banker" Discussed on OC Talk Radio
"I'm here and for Zeon Bergen. Thank you Paul for queuing us up always always fantastic. You have one of those wizards in today that I've always wanted a thank you so much. I'm so excited so I am here to introduce Energystar guests today Austin King Hello so I'm really exciting thing about Austin. He is an investment banker and it's really fine because we're going to dive into a little bit about He is in the same industry as US and we're. GonNa talk about a little bit more granular but we're going to start with you know identifying. What's the difference of what what doesn't investment banker doing kind of really understand before before you jump in how often the real people like me the every day people get to meet an investment banker came down off the mountain live tearing the tablets with him here to give us the the real insight because it's what you say. I had a million people come through Red Wall Street Journal will for years. I see the term all the time. I really don't know what they do so he's with boasted securities in we are going to jump right an Paul. I've asked she before the show to make sure that we don't go completely. Nerdy on you and talk flag walk the Heck I surrender. I have no idea the high level right so I said I don't WanNa. I don't WanNa know if you can just share a moment about you. Know who you are a little bit about your background burst and kind of what brought you to becoming an investment banker sure so Malaika like you mentioned my name's Austin King I'm from San Diego. I have have a bachelors and Masters Economics and I hold five investment licenses with Finra which is the regulatory authority and and how I got started in finance. Can I just stop. I didn't know you have a federal license. You have five different licenses are those I didn't. I didn't know there were five different. Life surely surely make you explain. There's there's a lie if I had to guess there's over thirty total but mine are investment banking. Syria seventy nine series the series seven which is like a broker that you normally see it like Morgan Stanley for example right and advisory which is a non-commission based I license and all the Blue Blue Sky Laws and continuing education so yeah right it takes awhile to accumulate in and for the listeners out there if if you're gonNA talk to any financial advisor would make sure their license absolutely more than my barber. He's licensed. Does all the hot tips barbershop with a grain of salt leave. So did you know when you were younger all these things. Have you learned along away or did you set out in college and say I'm aiming at this. That's good question so I got started in finance. I wanted to be a CFO of a company that individual individual company and you know somewhere along the way I realized that's kind of maybe slightly more risky because you kind of have all your eggs in one basket versus. If you're in banking you can work with a lot of different companies and kind of you know just as the market adjust to you know things that are that are increasing. If you're you're segments decreasing and be like a merger or you know even even something like bankruptcy advisory and so you know actually I started an investment events group that they grew into you multi thousands of people and I've done a lot of investment events which is kind of brought me here here today and it no. You never stop learning. That's one of the things I like about banking's. You can learn it's difficult but it also makes it fun and interesting. You could never stop learning allies. Learn more great the only other question on then. I'll shut up for Squatter Bank of what I what confuses me is the term investment banker. It sounds like you've got the bank roll to bankroll investments. That's not true you guys aren't the ones that write the check. You're not like VC's or whatever that invest money. You're helping you're helping raise as investments for is primarily politics correct. You look for different constituencies of investors. Who It's kind of like a matchmaking a position where you match you know qualified and interested investors up with an issue where a company that's that's issuing the stock and you kind of match them not together and and you know based on the analysis create positive outcomes for the investors and the different groups so maybe you want to describe a little bit more about what an investment banker does oppose to some of the other like? VC's or other advisers that are out there. Where do you fit into the spectrum? You hear angels. NBC's accelerators and they're certainly lawyers that you need to write the prospectus and offerings and all these things so we'll start off with the service providers which should be the accountants legal and you know investment relations team which is also important there the unlicensed groups oops that kind of do road shows or local and international national presentations were the company so you wind all those groups up you work with issuers years in different companies that are looking for investment to go public a lot of private investment rounds and then you work with the the investor groups that are interested not investment and then along the way do all the analysis too so that's Kinda why like it. It's not too focused on any the one thing which kind of keeps it fresh. You're dealing with all of them. You're happy I mean as you could imagine. If you did all financial analysis you could get weary of that or if it's all presentations same same situation so I like it because it's a nice balance and who are the investor groups these are these are the actual I dunno funds that have all banded together and raise money from other people or are they just wealthy individuals and high net worth individuals and it's all of the above. I mean you have what's called an angel investor. WHO's kind of a high net worth and in general high net worth individual that has interest you know has the ability to kind of analyze different investments and kind of goes out on their own to pooled resources verses that are near retirement accounts me can take a look at your retirement statements and see the big names on there. Those are your individual investors. APU assets that would be called an institutional investor that point to up up into private equity funds and venture capital funds which is kind of you know either are investing on behalf of a principal or a group of high net worth investors that have pulled their money in that way. It seems like they all have different agenda. Essentially really I mean some one deal. Won't you know that has a higher amount of risk. Maybe they're pre revenue wouldn't appeal as much a lot of times to institutional national investors that might be more interested in like municipal bonds for safe returns for their members yeah yeah it's kind of a a balanced approach so some of the you know instead of sitting in cash you might invest in a deposit or like municipal bonds which have tax advantages is etc and then take a smaller portion to higher risk higher reward type endeavors. Is there any specific type of clientele you see the most frequent on a day-to-day basis. I myself focus on more institutional investors and haven't worked as much with you know the high net worth as they're known or mass affluent investors so kind of the professional groups politicians clients here the the wealthy folks here. The clients would be probably city municipal bonds because they have tax benefits and they're on the safer aside or like family office which is you know if your level of wealth is is so much that you need a team of people to manage it and you cert- what's called the family office and those groups don't necessarily want to strike it rich. They want to stay rich exactly right so they've all got a different outlook. They're they're looking for in the angel investor. He's trying to we we do a show within some angel investors here call accelerate. AC- and they bring in angels all the time and they're really Lee trying to bet on the jockey. That's what they said more than the more than just the plan. I you got a great panel like it but I'm I'm betting on you to carry this through and then of course first. They wanted to see some sort of big multiple. Return it eventually. There's an exit. They're going to get out of this thing here and sell it to somebody raise money and so true. Paul I mean as you can probably appreciate the you know the jockey as you mentioned is the guy or Gal executing the plan so so your plan has to be good to start out with but you know maybe a great jockey can encourage the horse race or or a bad jackie will take them in the wrong direction. Writing as seabiscuit might not win yeah exactly I thought that was fascinating all right so so you you guys though deal with all these people and deal with just a certain level. I picture investment banker says the the end of the chain. There's sort of the angel who starts the ball rolling. Put some money into it and it gets big enough some. VC's come along and put some money into it and they WANNA see a turnaround in an exit and then at some point. You're GONNA take this thing public. I guess or you're GONNA try and get bigger institutional investors in it to to raise the capital and that's somewhere in. That stage seems to be where you guys start and eat some. I need you are you. That's that's interesting topic. I'd say that that's generally correct and you'd want to what those are called that you you mentioned your investment stage so you're kind of free revenue early or seed stage and then you know series. ABC and then you can keep going depending on your those are what different levels a would be like after a seed or an early round it investments their initial investment right and here's an interesting caveat is the some of the laws in the US are are or preclude a company from making revenue which are a right that's me precluded from making related health health and biotech you have the FDA which you ma a lot of people know yes. There's three phases essentially and you have to get through all these three phases of development before you're able go to market so you could have the next you know. Super Dry Viagra or something yeah not be able to market it until you get through these phases as which are very expensive so you can go years and years and years without any revenue with the potential to be the next you know quote unquote superdrug so there's kind of interesting dynamic there but that's also why investors have to have certain level financial inclination to be able to get into these investments because they have to be able to hold all day long duration of time right that's right and that goes to the point that most of the listeners or people that we all know or a lot of people own a home and without knowing much about potentially knowing much about investments. You're a real estate investor versus. The opposite is not true of like you know. Biotech investors very specialized allies market to where if you were going to an angel group it would be a group of physicians or you know..
"investment banker" Discussed on How'd It Happen Podcast
"Figured out how to generate more revenue also similar customers in or higher-margin pieces every day at work trying to figure out. How can i do something different than what all all the drugs though rall lemmings and there's a lot of every business and if you just keep <music> creative. It's going to make use as claire five year plan for person. I think that makes a lot because even if you have a plan you certainly have to be open to what's going on. What's happening and tunde person. You know what mike tyson. You said it right. You played deleted the middle. Hello i'm not i'm not saying. You shouldn't have businesses lind's but you have to be willing to open in willing willing to. I've always said if you bowl thirty two reasons that i feel i was successful. One is the second intelligent person that has ability to to to able to see opportunities but i also person that took advantage of luck along the way you got to take advantage of some people in this what are some examples of lock that well taken verbal de two guys at hardly in coming towards you know i i did not wanna take an hourly or daily read 'cause i was breaking the convention those used on wall street by also at the two of them said you know if i i can take this and make it were all have these guys is clients fro so a lot of guys would have walked away from that proposition for wall street because investment bankers don't work for deliberate. These were hillary ought to be pejorative lawyers but i didn't walk away from that opportunity because i saw the two guys that were gonna hire me. I saw attention for all future work again so you're taking a chance on the new guy. Ah who you ninety days ago was a c._r._o. An engineering company so i'm gonna take advantage of that then there are other ones where you know a lot of times <unk> until just before the ebbing transactions. Were you know we've had multiple constituencies in anshan arnold's burgers every over the board yet. All sorts of trade credit all sorts of crazy stuff. Gotta find a way to bring everybody together. You're in you know that sometimes you gotta you. Gotta take your horses figure out. If that's the right one to take you know i would consider that to be locked. Sometimes to <hes>. I also a lot of times and i've said this many people whom regatta laugh at them <music> when everybody was at a standstill i'd stick my head in san just ignore nine times out of ten and the two or three constituents that were loggerheads would compromise because i wouldn't pick up the phone to ask them to compromise. What's going on in other words. Just shut up credit. They couldn't wouldn't stand the silence. Okay all right so you you. You take the call up this firm. You've moved to new york. I'm going to become an investment banker. You take this unique unique for a company. That didn't have a big enough fee in it for a mess but you also wirt so you you are not encumbered by any norm strider traditions. They gave you this firm that allowed you to work at their desk. Gave automated that is created for yourself as at that right they they they they they provide resources and they took a portion of my fees. If i had not been able jarecki's would have been short lived but i did generous and that's all they care about. It's all any investment banking wall seekers i mean i don't care excessive. You've meant many times out successful some of the at least the few transactions you've mentioned how successful they ended up being on a relative basis. Someone always takes pain in restructuring restructuring but but are you saying that no that that unique people really wants to check good luck. It's <hes> it's it's a fee driven business. <music>
"investment banker" Discussed on How'd It Happen Podcast
"D._o. Been in unafraid to be creative and try new things. I always had three rules friday interviewed in any job that i talk aw spend eighty percent of your waking hours with deeply work with so you'd better like them the better fun to not learning the challenged. You should get a different job. Three was always three if wanted wanted to rework job. I wanna be compensated for that. Were let's that's the rule i was used and when i wasn't feeling that one of those three words i would take my toolbox in two different place and so after you were involved in all all these as a chief restructuring officer getting going all these different countries figuring out how to get this company back on track one of those did you were you not feeling or which ones of those three. We not feeling that made you pick up the phone in call this firm in new york and say <hes> you know. I'm not an investment banker but you should let me comment because i know because when we finished the restructuring i had a team of four people that i consider to be really good so i said okay. Let's put together. Proposal proposal <unk> had to administer volley relation of remaining stay post jacker alot and i opposed the team to do that and bondholders who at the time were controlling the decision decided that they didn't want to invest in my team okay so you basically have to bondholders you make money but yes i was going around with my team before people and they decided no let the guys that actually decided had hired green multiple times after the fact but at the time they were like on extended and then john kerr who was the guy that told me said look. We love your proposal. You guys were all the the extra things on your rocks could be but the reality of life is were bond holders. We've managed this and we just don't feel. We don't feel like paying you because you were in company when it happened makes no silence but that's why they did. I pick up the phone and said okay. We'll do this better than most though so somebody give me a chance chance and i'll try it and that's what happened in before i ask you how many people you had to call before. You got that desk that you mentioned. I wanted to just ask you about what you said there. There's no such thing as a five year plan. What kind of plan is there in in your in your in your be wiser. White is what i think i will. I'll say but why is a five year <unk>. They're no such thing as a five year plan. What kind of plan is there. Let's say not for well just thing. This is not for a company. This is for a person a person leaves the person willing evil to take advantage of lakhan opportunity in nuts too far ahead. I was an accountant. If if i was afraid to take a chance i would never left new york. <unk> free take a chance. I wouldn't ever left g._e. Slash locking laki afraid say hands. I would've never picked up the phone and answer to your question.
Presidential hopefuls Bernie Sanders, Pete Buttigieg make the rounds in Los Angeles
"Two democratic presidential hopeful senator Bernie Sanders in south bend Indiana Merope booted jets came to Los Angeles to raise money for their campaigns Sanders at a health care town hall discussion in little Tokyo later returned the grassroots fund raiser in Hollywood in the evening held a campaign rally at Santa Monica high school loses only public event was at vector ninety he had a breakfast hosted by an investment banker at a lunch in west Hollywood in the evening he joined an event at the home of the chairman of global distribution for NBC
Indictment claims Jeffrey Epstein knew girls he abused were as young as 14
"Jeffrey dean the well connected billionaire financier he is still behind bars this morning charged with sexually abusing a number of under age girls these charges coming eleven years after he accepted the secret plea deal on similar charges in Florida the indictment claims that Jeffrey that steam knew that some of the young girls he prayed on we're just fourteen years old and in some cases he used the victims to recruit even more young women and grow his network of sexual abuse the alleged behavior shocks the conscience the newly unsealed indictment alleges Jeffrey Epstein started abusing underage girls in two thousand two with alleged encounters it is New York City mansion in Palm Beach is state according to prosecutors victims were initially recruited to provide massages to abstain which would be performed nude or partially nude and typically include one or more sex acts the girls were recruited in a variety of ways usually by employees of obscene and sometimes by full of victims the victims typically receive hundreds of dollars in cash over the weekend federal agents forced their way into empty in seventy seven million dollar New York City townhouse during their search investigators say they discovered at least hundreds and perhaps thousands of sexually suggestive photographs some were allegedly in a locked safe containing compact discs with handwritten labels such as girl pics nude esteem pleaded guilty to sex abuse in two thousand eight then US attorney Alex Acosta negotiated a secret plea deal with abstains attorneys that required the former investment banker to register as a sex offender and serve thirteen months in a Florida county jail today a constant works is president trump secretary of labor accosted defended the plea deal during an April budget hearing the fax in this case were presented to a grand jury that initially recommended not initially that actually recommended a charge that would have carried no jail time at all and at the end of you and I'd read make an ad sealants and at the end of the day did you record congressman if I could finish if at the end of the day Mister Epstein went to
Uber unveils IPO with warning it may never make a profit
"Our first story was getting ready to IPO, and it just made lift kind of that classic older bigger brothers. Situates rollback bring Jack back to thanksgiving. Like the small Turkey lift is smaller, it's younger. It's trying really hard to impress its parents. And then Uber comes in. And does this boom shows up with a perfect report card? So here's what happened. Thanks to a Reuters exclusive report, we know that Uber plans to file for its today at a valuation of one hundred billion dollars pick that number. And it means shares are gonna be priced in a nice little range of forty eight dollars to fifty five dollars. When it offers them on the public Martin Uber's planning to issue ten billion dollars worth of new shares. And with that money, it's going to take over the on taking over the world. Pinky. And we also know that the IPO is expected to be an early main urkel count. Let's get back to that number one hundred billion really important because when we thought about it, we we wrote it down on a whiteboard we were staring at this number looks different than we expected. Yeah. We're in a privileged position that we can complain one hundred billion isn't enough or Uber. But it's because we were anchored to one hundred twenty billion. I love that word anchored by stats what? Goldman Sachs Morgan Stanley told Uber. It was worth a few months ago. Exactly those investment banks come in. They say, hey, we want your business. We wanna help you IPO. And by the way, you look amazing total brown-nosing injure edible. You look like I dunno worth Eur one hundred twenty billion dollars over was smoothed by all that nice speak from Goldman picked one hundred twenty billion. But now after what happened with lift the past couple of weeks, the number has come down to one hundred billion, and guess what it kind of makes sense because about four times bigger than very true. Uber has global aspirations and Uber does more than just ride house bigger. My Monday night ubereats Rahman bowl can tell you all about great food delivers. So jack. What's the takeaway? For buddies over. Uber endless lift is struggling and Uber's investment bankers are notice they're not just noticing the looking at this like, you know, what we kind of want to avoid the situation in may. Yeah. So lift was am bishops as hell with their IPO. They set the price pretty high very shares rose up to eighty dollars on the first day of training. But then as of yesterday they've fallen all the way down to sixty dollars a share that is twenty five percent lower than day one. And one more thing for you lift has this whole other issue right now where Morgan Stanley the investment Bank that brought them public has apparently been helping investors sell their shares early investors want supposed to be selling and lift is not happy about it. Uber wants to avoid this whole thing by maybe being a little more conservative on the share price to prevent this fall
Expanding Your Network Outside of Your Industry
"That it's kind of interesting because I have already a whole slew of professional services folks that I deal with we have a Bank and a banker we've got a secondary Bank where we keep dislike emergency money. We have warriors we have benefits providers. So we've got all these advisers and professional services folks that we deal with and I never really understood what an investment banker did. So when I sat down with with him have known for three or four years now and every couple of months, we reconnect and I'll see him out networking meeting, or we'll have a talk on the conversation on the phone or something like that. But this is the first time that we actually sat down and really said, okay. What is it that you do? And and what is it that that I do he wanted to know more about a radio? Digital and the services that we actually provide. He kind of knew that we were in marketing, but didn't understand the services and whatnot. And I really didn't understand what he did. I thought that he was kind of like a stockbroker or wealth management financial advisor kind of a person will now he's actually an investment banker. And what I found out is that they specialize in working with business owners to grow their business and address any sort Cummings that are in the business and get it to the point where it is just humming along as a money making and growing machine. And when he explained that I thought, well, that's that's great. That's actually what I want. He already knew that we had ambitions to grow to one hundred million dollar company. The reason that he asked to me with me today is because we put out in the world journey to one hundred million dollars. We're doing this podcast name. Now, we have articles on linked in. We have blog post. We've got also. Sorts of stuff we've told the world. This is our goal. One of the reasons that we did that that we told the world would our goal was is because we had a theory that if we put it out in the universe. Good things would come from that. And people would come out of the woodwork to help us get to that point. Now, if I had kept that information to myself if I never told Kevin and Kevin had never latched onto the idea. And if we didn't take it to the next step, which is tell the public then this meaning probably would have happened. Now, I'm not saying this is going to definitely work out between the investment banker and us, but their job and their whole purpose in life is to get companies at about our size of too much. Bigger sizes. Now, what they wanna do is help you sell your business. I'm not interested in that. I wanna grow two hundred million dollars, but in order to grow to one hundred dollars. It's the same principles. None of this. Have happened. If I didn't put the sound in the world, if I didn't say, hey, we want to grow to one hundred million dollars. I would have never reconnected with him at on this particular topic. And we're getting help from a lot of different people. So super interesting to me that just because we put this out in the world. We said what our goals were. Now, all of a sudden people that really could help us make this happen are starting to connect and reconnect with us. It's a good feeling. It's frankly flattering. I don't know if it's going to go anywhere. Maybe I'll just do my assisting visors. But I know that I can't really do this alone. This is a huge goal. And we don't even know how we're going to pull it off at this point organic growth is not enough. We have to have mergers and acquisitions going forward, and I need people that know how to do that. Thank you for listening. I hope you heard something you can
Music Publishers Sue Peloton for $150 Million
"This episode of business wars daily is brought to you by central online from Pitney Bowes. They make it easy to save time and money. No matter what you ship or male. You can try it free for thirty days and get a free ten pounds scale. But only by visiting PB dot com slash b w daily. From wondering, I'm David Brown. And this is business wars daily on this Tuesday, March twenty sixth perhaps it was bound to happen. The music industry took notice of peleton and didn't like what it saw peleton for those of you who have escaped the craze sales at home exercise bikes, and treadmills and video spin classes that make you feel like you're working out along with thousands of sweaty friends prices are high a bike costs about twenty three hundred dollars and a treadmill will set you back up to four thousand three hundred dollars. And then there's that thirty nine dollar monthly streaming charge. The offerings have been so popular that investment bankers now value peleton and more than four billion dollars. One reason for its success the music in those videos, ten music, publishers are suing peleton for copyright infringement. The publishers say peleton is using at least a thousand songs by well known artists such as dry. Justin Timberlake and lady Gaga without paying for them. The music publishers are asking for one hundred fifty million dollars in damages at production time peleton said it was still evaluating the suit the company issued a statement saying that it has built an extensive system to manage music. Licensing. The statement also said, quote, it has partnered with each of the major music, publishers record, labels and performing rights organizations and many leading independence the national music publishers association, which represents the plaintiffs says peleton's paying to you some music the plaintiffs argue that this means peleton made a willful decision not to pay for the songs in question. The suit doesn't come at a good time for peleton. The company is expected to go public in the second half of this year, and it faces stiff competition from soul cycle another high end spent class chain with Colt like following observers have expressed shock that peleton made such an obvious error. That is if the allegations proved to be true, but some industry. Insiders are also asking how many other gyms and fitness video producers are using music that they haven't paid for the answer could be quite a few. I'm wondering this is business wars daily. Hey, if you like our show shirt with a friend at betcha, they'd like to give it a spin and word of mouth is the best way for us to grow. Thanks for listening. I'm David Brown back with you tomorrow. This episode of business worse. Daily is brought to you by sin pro online from Pitney Bowes simple online makes it easy to save time and money. No matter what you ship or male, plus you can print shipping, labels and stamps, right? From your desk with San pro software. You can compare rates between shipping carriers and gain access to special USPS savings. You can try it free for thirty days and get a free ten pounds scale. But only by visiting PB dot com slash b w daily. That's PB dot com slash BW daily.
Gannett Rejects Hedge Funds Hostile Takeover Bid
"Business wars daily is brought to you by Pitney Bowes, and send pro online shipping can be complex with the uncertainty over costs and deciding which carrier to use plus tracking your packages things can get confusing. Stay tuned to the end of the show to find out how Pitney Bowes and send pro online can save you time and money and to get a special offer just for listeners of the show. From wondering, I'm David Brown and this business worse daily. Happy Monday, everyone the last remaining newspaper conglomerates are playing a furious game of chess and much like a real game of chess. It's not always easy to follow. What's happening who's buying whom who's selling the strategy seemed to change daily just last month? We reported that digital first media had made an unsolicited one point three billion dollar bid to buy Gannett, the nation's largest regional newspaper chain media observers and journalists everywhere raise alarm bells at that bid since digital. I has a reputation as a destroyer of newspapers that is layoffs. Typically, followed digital first acquisitions as the hedge fund owned company hollows out newsrooms in order to increase profits. But journalists got some good news last week when genetic officially said hell, no to the hostile takeover bid. At least the news seemed good. But while the rebuff. May have something to do with protecting journalism. The real reason nets board rejected the offer. It seemed too low by at least two dollars a share tough times for Gannett are hardly over. The company is searching for a new CEO in last month laid off about four hundred journalists it recently hired an investment banker and rumors are that it is now actively seeking a buyer, but it could also be considering acquiring another media company the bottom line digital. I move last month set off a merger frenzy in the ailing newspaper business, that's creating a sort of who's on first scenario that questions the future's not just of Gannett and digital I. But also of Tribune media and McClatchy newspapers. Now, if you can't keep up with the details, don't worry. It's the broader picture that's more important here. Slate published a deep analysis of media industry problems and surprisingly. Slates analysts say those difficulties didn't begin with the internet as many claim slate says the industry's issues began back in the nineteen eighties. When investors I began going into debt to buy papers an amer- with their high profit margins and seemingly infinite potential for growth. It's then that they should have invested in strengthening newsrooms, but didn't. And so when online competition showed up and ended newspapers local monopolies over their readers. Newspapers were already weakened Craigslist defectively killed classified advertising known as newspapers golden goose between two thousand and two thousand eight slate reports newspaper revenues dropped by sixty percent. The trouble is as we've said here before the newspapers serve two masters. Yes, they are in business to make money for shareholders, but many feel they are also fundamental to our democracy in January. Some two thousand journalists from Gannett, but also from a classy Huffington Post BuzzFeed and vice received pink slips or buyout offers. That's a lot of reporters and editors out of the small pool of remaining professionals, many of whom are trained to hold politicians and other leaders accountable. So the competition here is an only Gannett versus digital. I it may in fact, be democracy versus profits. From wondering this is business wars daily. We appreciate you listening. We love to hear from you. Have some thoughts about this episode or any other the tweet us at business wars? I'm David Brown back with you tomorrow. This episode of business wars daily is brought to you by sent pro online from Pitney Bowes central online makes it easy to save time and money. No matter what you ship or mail, printing shipping, labels and stamps, right? From your desk with a semi pro software. You can compare shipping rates between carriers plus say forty percent off USPS priority, mail shipping and get five cents off. Every letter. You send our listeners can try it free for thirty days and get a free ten pounds scale. But only by visiting PB dot com slash b w daily. That's PB dot com slash VW daily.
New York woman spends 3 days trapped in elevator
"Three dates stuck in the private elevator of a New York billionaire. Here's more from CBS's, Peter Haskell. It was a long weekend for a woman who works in this five story brick townhouse the elevator. Got stuck Friday. And she wasn't rescued by the fire department until this morning. Stephanie Richmond lives nearby. I think it's terrible. I think they should have had a phone inside. The elevator. Inspector Simmons evolvement of Billy's. The inspector wasn't let in so the department of buildings issued a violation the twenty million dollar a home is owned by billionaire investment banker. Warren, Stephen Peter Haskell for CBS news, New York, despite fears of
"investment banker" Discussed on Bloomberg Radio New York
"Have at the SEC that require the public. Obligation formation on the price of shares. With again sounds like a good thing until you realize that the public feed is run by the stock exchanges who also profit. To investors which is kind of like letting born for noble run the public library. And then being surprised at the libraries in very good. So what I've said is that the SEC need to step up us? Our we've had since the depression to overstay stock exchanges and to which they can increase prices find that I I just want to say in the last two or three months under chairman Clayton leadership. We've. Very proud of that work. I think we're just getting started. You say that the structure of public markets raises questions about whether that design is best for investors. For example. Why are there so many exchanges that seem to do? Exactly the same thing. And what would you suggest specifically on how to change this? Well, a few things first of all as a former mergers and acquisition, Florida or an investment banker. I was surprised when I noticed that you were buying buying up each other continuing operating. Villas acquisition targets in the same exact business with the same exact model when I got an eight when you bought another company the whole idea was to create centerpiece not run into business alongside the existing in general. What this reflects is a real lack of competition above all the exchanges when you asked me. Specifically what we do when changes increased prices on American investors under law. They have to get the permission of the Securities Exchange Commission..
Cleveland Browns drop Mychal Kendricks after he admits to insider trading
"The Cleveland Browns released former eagles linebacker Michael kendricks miss contract after federal authorities charged. Him in a former investment banker with securities. Fraud. They're accused of running an, insider trade deal KYW's Kristen Johanson has, more prosecutors, say Michael Kendrick ski former investment banker Donald beer sewing Niki tickets. To eagles games and other celebrity events in return so he Niki, gate kendricks private information about, four different, trade deals which may kendricks they say one point two million dollars US attorney Bill mcsween. Mr. snuggie who has the. Material non public information you, didn't provide, it Mr., kendricks who executed the trades You then reaped the illegal trading profits and then he made the illegal payments back, to Mr. snarky both men have been charged with securities, fraud and, conspiracy to commit such fraud kendricks through his attorney put out a statement saying in part I accept full responsibility for my. Actions and, went on to, apologize to his fans coaches and. Teammates from both the eagles and Cleveland Browns Swain would not say whether there's an ongoing. Plea agreement in, the
Cleveland Browns' Mychal Kendricks admits to insider trading
"Trading Michael kendricks is charged with buying insider stock tips from an investment banker netting more than a million dollars in illegal profits, kendricks who won a Super Bowl with the Philadelphia Eagles says he sorry and that he didn't fully understand what he was doing. Philadelphia FBI agent Christians Ajax this is not gaming the system it's a federal crime kendricks now plays for the Cleveland Browns, who say they're leaving him home for this. Week's game the securities. And Exchange Commission charges kendricks and. His co defendant, demo sorry Niki former banker who now Writes for the TV show blackish communicated in. Code to hide their
"investment banker" Discussed on KYW Newsradio 1060
"A former investment banker prosecutors claim an insider trade deal made. The linebacker more than a million dollars KYW's Kristen Johanson reports US attorney Bill Wayne, says football player Michael kendricks conspired with the former investment banker domino sweetie Niki in four different insider trade deals which. They say may kendricks one point two million dollars in return he says Kendrick. Scape cash tickets. The eagles games and other, celebrity events when individuals engage in insider trading the buying and selling securities based. On material non public information, it undermines the public's. Faith in our markets in harm's ordinary. Investors who do play by the. Rules through his attorney kendricks released a. Statement which he says in. Part since the beginning of the investigation I have fully. Cooperated with all the. Thirties and. We'll continue to do. So I accept full responsibility for. My actions mix Wayne would not confirm whether A plea agreement was in the works, in old city Kristen Johanson KYW NewsRadio the Browns have now announced that they have released. Kendricks from his contract Pennsylvania corrections, secretary ordered an indefinite lockdown Wednesday of all state. Prison move comes after reports of corrections employees coming down. Sick KYW Harrisburg bureau chief Tony Romeo reports Susan, mcnaughton, is a spokeswoman for the department of, corrections we have had some incidents mostly, in the western part of. The state, where our, employees have, experienced feeling sick and we need to. Get to the bottom of this issue now so immediately what has happened is all state prisons, are locked down indefinitely mcnaughton says that means all visits are suspended for the length of the lockdown at all mailrooms. Close to non-legal mail at all facilities until further notice mcnaughton says casts are pending, but it will take some time before the results are in in the cause of the illnesses conclusively determined she could. Not say whether it is believed The situation, in, Pennsylvania is related. To possible overdose symptoms suffered by guards and inmates at. A prison in Ohio in Harrisburg Tony Romeo KYW NewsRadio when posting on most jobs sites you get candidates I'm the.
Senate panel to hear from Twitter, Facebook next week
"Social media executives on Capitol Hill to testify about election, interference Twitter CEO Jack. Dorsey and Facebook ceelo Sheryl Sandberg are expected to testify next week for the Senate intelligence committee the panel is one of the congressional committees looking into Russian election interference and how, social media platforms are, responding the foreign influence campaigns the, CEO of alphabet Google's parent company has also been invited. That company is coming or criticism from President, Trump accusing the search engine of bias in its. Results in, silencing conservative
"investment banker" Discussed on rebel-leader's podcast
"Very well educated the two masters degrees and and whatnot but but never really entrepreneurial worked at the same bank affectively for thirty six years at bank had a couple of different shingles but you know he's a he was a company man and that was very satisfying for him because it gave him obviously the opportunity provide for us but also stability and it's not something that he had and it's something that i take for granted i mean you know the opportunity to go to a great school as an undergrad like northwestern the opportunity to experience things that my parents didn't i mean they've worked through school they went to university of illinois chicago they actually met as bagger and checker in a grocery store in highschool both immigrants person it's interesting because you want to work for jp morgan right after school you could've ended up working for gp morgan for thirty six years as an investment banker at right so i'm wondering did you consider the drip near ship path right after school what made you go into jp morgan after having such an interesting to real experience at northwestern the experience with with suit solutions at northwestern it wasn't necessarily i think at the time sort of like i wanna start my own thing or by my own thing it was just sort of like this was this was a great education but you know i think i got caught caught up and swept in what was the conventional wisdom i do look back though and every single of my interviews they wall were interested in my entrepeneurship experience that and i get it i mean i think probably in in you know what i was getting interviewed for again management consulting investment banking like sure these interview the interviewer.
"investment banker" Discussed on KBNP AM 1410
"That may be right for you no an alternate investment banker consumer advocates and list trader chris markowski us the watchdog exposing the lies admits that the big brokerage for the mainstream press and the government are pushing to keep americans away from financial freedom you can't handle the truth renew america the truth about what really happens in the financial world ladies and gentlemen indulgence fantasy but in an economic reality this us the watchdog whilst already welcome everybody i wanna talk a little bit about real conditions on the ground the terrain i've i several times i've had at various different events where i've had to get security clearance had to send information into the secret service whether it be attending inauguration a political convention various different events where president of the united states senators would be presidents are going to be there and raising the type of security that this involve and these various what the secret service has to do checking everything checking it twice checking it three times it's it's extraordinary it really is the type of work that they put it why am i bringing this up in many respects that is what we do that's my job except for you we look under everything and anything for any sort of risk problem whatever it may be that might upset your portfolio the talks about black swan events i'm gonna throw something out there right now what if tomorrow morning you okay and donald trump was impeached or donald trump resigned are some new bombshell came out of this michael cohen new york circus investigation that's taking place what would happen these are the realities of the data whether we like them or not and i'm going to be quite honest with you i don't like i don't i was pretty angry angry earlier on this past week it was pretty angry with the president of the united states we all knew that james call me was going to go on with george stephanopoulos stoffel up against whatever you wanna call them i don't care clinton war room hack and we all knew exactly what komi was going to say chris wallace described james his book best by calling it bitchy and that's exactly what it is there is no need for the president the united states take twitter and respond like we're back in kindergarten or first grade on the playground i.
"investment banker" Discussed on WDRC
"Investment banker consumer advocates trainer marcos to use the washroom exposing belies admits that the big brokerage firms the mainstream press and the government are pushing to keep a marriage it's away from financial freedom handel the true true americans the truth about what really happens of the financial world ladies and gentlemen were out here to indulge fantasy but in political and economic ground this is the watchdog all right i remember that let's see godfather one when yeah it's towards the end of the movie and michael is goes on his rampage he's he settling all the family's debts and the classic scenery shows up the visit his brother in law and thumb is brotherinlaw's lying to him like carlo don't salt mine elegance it makes me very angry i that's that's pretty much my life i watch anything in the news media cable news you read them business stories the follow the conventional wisdom of the day it is a constant barrage of people insulting your intelligence and yes it makes.
"investment banker" Discussed on WDRC
"No unaltered investment banker consumer advocates analysts chris morcos accused the wash slow whilst earnings through exposing the law is admits that the roaming brokerage firms the mainstream press and the government or pushing deke bump mira gets away from financial freedom all the truth hurt hurt bringing america the truth about what really happens of the financial world ladies and gentlemen around here to indulge fantasy but in political and economic reality this is the watchdog whilst moss all right some repre in fine and is all the more new mr out there uh my mind is so bizarre and i'll be talking about something run a topic in instantly iin so we get transported to some movie that i had seen television show book i read something i don't know why i think and visible with the six cents bruce willis ruled boys like i dead people yeah we are at the uh watchdog and wall street john markovski investments we see scams fraud were nobody else really can seem to make them out oh i get some reference again where i am lefty left the in uh the movie donnie brasco lefty goes up to uh donnie brasco china workers way into the mafia any shows a mom chosen ring couscous a beautiful thing for beautiful thing and donny looks at it for a couple of minutes it's easy what are we the full gezi and they say words i can't say air but anyway um yeah i can see when something is reaon when something is not real um unfortunately one of the um the biggest problems we have as verges dealing with the psychology of human beings in my experience most investment pawns in frauds are set by two different types of fake there is what read and there is fear they both work they both were evaluate back when i started in the business we were taught as baggio we with senator desk and they would give us a stack of dun and bradstreet and we had a dial hold dial for dollars this call try to get fatty get people on the phone trying to get executives on the phone and they would teach us how the cell and the firm whose working four wanted us through wa i first one is is involved in some of the ipr laws that are company was dealing with some blue chip stocks and then they hear only police have.
"investment banker" Discussed on WDRC
"Millon all through investment banker consumer advocates list cleaner chris more morecostly he's the wash slow muslims one exposing the law is admits that dumping brokerage firms the mainstream press and the government or pushing deke bump mira goods away from financial freedom all the truth her bringing a miracle the truth about what really happens of the financial world ladies and gentlemen around here to indulge fantasy but in political and economic reality this use the watchdog whilst not yeah we like the eu's history here on program and uh when it comes to these some scandals sexual harassment conduct on by these some these people i'm here to tell you people that that think that this is new that think that this is different this time is different it's not anyway welcome everybody welcome back to the watchdog and we'll see i wanna i wanna talk a little bit about this game he had down to this past week ranked john john conyers um he resigned a retired would every said was going to the guy he gets the feeling up a girl in a church john conyers on the other interesting thing about it was is that he wanted to appoint his sauna so take his spot who wa well he got caught stabbing his girlfriend i'll he wasn't prosecuted.
"investment banker" Discussed on WDRC
"No altering the investment banker consumer advocates list cleaner chris forecast with these little watch law my son to one answers exposed laws admits that the big break restorers maiming gis and the government deke boat mira goods away from financial freedom handle the true hurled bringing america the truth about what really happens of the financial world jim we're out here to indulge fantasy but in political and economic reality his he's the watchdog all slogged zhang the north's it a man who this person i want your food process and you're watt will pretend that the united states of america our country we the people he poorer this unum we'll pretend for a second that we're an onion um politicians of taken the onions stuck at the food processor and turned down high they've slice they vice they've chop thus into various different groups and managed to pitted each and every one of us against one another they're winning were losing and until we the people wake up to their game and understand what they do mana continued to win one of the ways that it prize we absolutely beserk it's a great way to great tool by the elites to to keep us apart is us based upon wealth who has what class warfare the halves and have nots it works for them and and for whatever reason it maybe they're always able to insulate themselves from that you take a look at the wealth of members of congress any of these are people that a ban congress have in the senate for of not decades fine multi multi multimillionaire is how could that be how did they make all that money nobody asks they just too they just do gene there was a a story that.
"investment banker" Discussed on WCTC
"For our investment banker from bones i'm here for you tommy g o law aren't now norman at the new jersey dr john nyabuto dog who view let me give you gone and here live in the one the only how domingo lunar come all right so a spectacular day yesterday we had no greens with look like them who it really wasn't i was watching the radar kazakhstan for the hit us never lose out to sea even this morning yeah if you worked on the radar and white like fifty 80 miles out to sea yeah i'm in here i was expecting yesterday you know this whole two inches of rain and i said the my wife you don't like this where we know if the roof is leaking we really to me i did it some heavy rain yesterday i was driving up the to see my mommy and i got on the parkway over those mommy ninety seven bottom may god bless hurrell really yep please tell me that she's a drinker smoker and nothing no not went wild parties now how long as you follow been gone how long have you been over thirty years over thirty years and she has stay the to believe that basically you're not yagi you went on got boyfriend chappell got a boy from her keeps rely shacking up with this guy about ten years and then you know he got on the bus to so to speak and so she's belong to them all right okay all right that sounds like a plan he went up to go visit mommy and we're happen i'll we have will argument put but i going into it come on the person on the flavour of the month now are you omg i took my two brothers have thrown light on the bus you did yup this is like family drama yes she stunned the reminisce bag one my dad alive optional barra says you know i i did this i do that i said well you know i did this and i did that don't you remember his mouth and then i remember reminder her about a certain store i used to go to buy my father a black and white ice crews out because he wasn't eating eating very well by but he would always buy always loved the black and that was kinda like.