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carried_no_interest

@carrynointerest

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Private Equity Investor skewing towards software. Former Head of AI @ $1B+ PE fund. Former Data Scientist using AI to source deals. DMs Open

The VDR
Joined June 2021
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@carrynointerest
carried_no_interest
@carrynointerest
10 months
LEVERAGED BUY OUT / PRIVATE EQUITY LEGENDS #24 . I have RETURNED. I'm a former data scientist, and I pulled 300,000 M&A/PE deals. I calculated the highest returning ones. Sun Capital Partners made a BILLION DOLLARS in FOUR YEARS on HVAC/STOVE components? HVAC SMB twitter will
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@carrynointerest
carried_no_interest
@carrynointerest
2 months
I don't talk about it often, but I work in software private equity. The next 4 years are going to be a MOVIE: -Huge funds with pretty big write downs -LLMs/AI removing technical moats for development / evening playing fields -IPO market closed/possibly reopening / maybe not
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@carrynointerest
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@carrynointerest
7 months
CARL ICAHN FIRED 12 FLOORS OF PEOPLE. This clip would be so unbelievable if I hadn't seen it myself. The low interest rate environment of the last few decades led to the proliferation of 'bull s*** jobs'. David Graeber wrote a book on the concept (I didn't coin the term). I
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@carrynointerest
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@carrynointerest
2 months
THE COMING SOFTWARE M&A WAVE Software private equity investor here. I've talked to 53 software founders in the last 3 weeks (can't believe that's a real number). After these conversations, I have a new take that a lot of M&A might be coming to software...and not necessarily in
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@carrynointerest
1 year
STUDENT LOAN PAYMENT CRISIS: I'm a private equity data scientist. I have access to some cool real time credit card data. Student loan payments are coming back and will impact industries/companies. Which ones? Let's dive into some credit card data and find out 🧵🧵🧵
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@carrynointerest
1 year
THERE'S A STORM BREWING IN PRIVATE EQUITY. This ain't your typical PE click bait... and not a lot of people are talking about it. I'm going to deep dive theM&A data from 2022 and show you why lots of funds are in for a rude awakening. First, statistics on M&A from 2022...🧵🧵🧵
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@carrynointerest
1 year
WATCH A PRIVATE EQUITY DATA SCIENTIST OPTIMIZE A PRIVATE EQUITY PORTFOLIO COMPANY. I'm a data scientist at PE fund. I'm going to break down a recent acquisition and how I'd approach it with data sci/analytics. First up? A classic: Fire/Safety Integrations company. 🧵🧵🧵
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@carrynointerest
1 year
PRIVATE EQUITY LEGENDS: Goldman Sachs/Bain made $2 billion in profit in 1 year on KOREAN SKINCARE? i'm a data scientist in private equity. I pulled 300k M&A transactions. I profile the highest IRR M&A deals in history. Skincare products? Korea? Goldman Sachs? 🧵🧵🧵
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@carrynointerest
1 month
WILL AI DESTROY YOUR SOFTWARE COMPANY? OR: WHICH SOFTWARE COMPANY SHOULD I BUILD? I'm a software private equity investor. I look at 10-20 software businesses each week to acquire. I see good, bad, and everything in between. I keep getting this freaking dm 'Now that I can build
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carried_no_interest
@carrynointerest
7 months
THE ORIGIN OF PRIVATE EQUITY AND CARRIED INTEREST Carried interest is a core concept in PE. Its even part of my username! However, in 1976, carried interest didn't exist. The clip below provides rare insights in to the BEGINNING of all private equity/carried interest.
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@carrynointerest
carried_no_interest
@carrynointerest
7 months
PRIVATE EQUITY/LBO LEGENDS #26 . This is my favorite one yet. For those that don't know, I'm a former data scientist who analyzed a ton of private equity deals. I profile the best PE deals of all time. American Securities made a BILLION dollars on... roofing products with SEO and
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@carrynointerest
1 year
LEVERAGED BUY OUT LEGENDS #8 ! I'm a data scientist in PE. I pull the greatest private equity/M&A deals and profile them. This one might be my personal favorite. THOMA BRAVO MADE 9B IN 1 YEAR. Mortgages? The fed? SAAS? Tailwinds? Perfect Timing? What a freaking story. Read on 🧵
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@carrynointerest
6 months
HOT TAKE: THE HOTTEST NEW FINANCE JOB? IT AIN'T PRIVATE CREDIT. IT'S PRIVATE EQUITY SECONDARIES! Hear me out. The Financial Times just posted a HOT HOT HOT (Michael Bluth voice) article stating that LPs are over allocated to private equity, and having to rebalance their
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@carrynointerest
1 year
@flyosity That is old alpha; orbital insights productized this and sold it and alpha went to 0.
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carried_no_interest
@carrynointerest
1 year
CONSUMER SPENDING ALERT: my pe fund closely monitors the state of the american consumer. Today, you can watch a data scientist in PE break down some interesting alternative data that shows that all might not be well with the american consumer. 🧵🧵🧵
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carried_no_interest
@carrynointerest
1 year
Want to see how a data scientist at a private equity fund breaks down a business and helps a portco change their pricing? I'm going to keep things hypothetical but this is closely related to a real story. Watch how you can use analytics to improve your business 🧵🧵🧵
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carried_no_interest
@carrynointerest
3 months
I met someone today making $150k profit per month selling runescape bots... didn't believe him and he pulled up the payment processor no seo, no ads all word of mouth When will the PE roll up of rune scape services begin?!?!?!?! I wonder what the TAM of the underground
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carried_no_interest
@carrynointerest
1 month
I look at ~10-20 CIMs per week. Claude / GPT4 are now at the point that with the right prompt, they ask as good of questions as I do if not better. Sometimes it misses a few, at least 1/5 of the time it catches something I missed. We are probably 2-3 years from AI being
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@carrynointerest
1 year
THE ULTIMATE SKILL IN PRIVATE EQUITY: I've learned a lot over the past few years with my PE overlords. I've also learned a lot during my first personal acquisition process (which I'll share more about later). There are lots of 'skills' that go into buying companies.
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carried_no_interest
@carrynointerest
8 months
EVERYTHING YOU WANT IN LIFE IS LITERALLY AN EMAIL AWAY. LITERALLY ANYTHING. IT IS INSANE. I sent 600 emails to every major player in the UAE capital raise ecosystem. 15% (!!!!!!!) responded to get a meeting on books. YOU CAN LITERALLY DO ANYTHING ANON. WHAT IS STOPPING
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@carrynointerest
1 year
PRIVATE EQUITY LEGENDS: Some PE guys flipped a trucking company for $1.4 BILLION?! Ya'll know the drill. I pulled 300,000 M&A transactions. I found the top returning PE/M&A deal of all time. The story of Pilot is wild. Who knew there could be this much $ in trucking? Read on 🧵
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carried_no_interest
@carrynointerest
11 months
WE JUST BOUGHT A SAAS COMPANY. First personal LBO done. Papers are signed. We now own a SAAS business with 10,000+ customers and millions in revenue. We brought on @NicheDown as an equity holder, and we will get into that below. I'm SUPER zonked on cold brew and deal energy
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@carrynointerest
4 months
THE STATE OF SEARCHING / ETA / LOWER MIDDLE MARKET ACQUISITIONS: I get a lot of people DMing me talking about searching / ETA / smb acquisitions. I'm going to word vomit some thoughts I have on the state of things. Lots of people have spent 6-10 months searching with nothing to
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@carrynointerest
1 year
LEVERAGED BUY OUT LEGENDS #1 : I pulled all the LBO data in pitchbook to find the most successful recent LBOs done by PE; I'll be tweeting 1 every other day. The first thread is about a software deal by @clearlake that returned $1.3B IN 3 YEARS. Read on: 🧵
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carried_no_interest
@carrynointerest
6 months
THE FIRST PRIVATE EQUITY LBO CHANGED THE WORLD ECONOMY FOREVER. Screw Nabisco and KKR: let me tell you the story of the first LBO deal of all time. LBO/Private Equity Legends IS BACK. I'm a former data scientist in private equity. I break down the best PE/LBO deals of all time.
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carried_no_interest
@carrynointerest
8 months
I am consistently reminded, every week, that one of the most transferable skills across any level of business success is... Your ability to follow up lol. like just following up. All the time. I have a google sheet that is literally titled : follow ups I try to update it
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carried_no_interest
@carrynointerest
1 year
@flyosity Also, alpha continued to fall as more and more of retail shifted to online. Finally, there are much better ways of approximating earnings using alt data; and all of THAT alpha is approaching 0 too LOL
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@carrynointerest
1 year
THE STORM IN PRIVATE EQUITY CONTINUED: I wrote a semi viral tweet about the storm brewing in private equity. After pulling some more data, I have a bit more conviction. Data and interesting PE facts below: 🧵🧵🧵🧵
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carried_no_interest
@carrynointerest
1 year
This is actually the background on my phone now. No matter what level of success you attain 15 years from now, you'd probably give anything to come back to this moment.
@_mayankkishore
Mayank
@_mayankkishore
1 year
Henry Kravis ($8.8B) talking to Ravi Gupta before he left KKR to go to Instacart
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carried_no_interest
@carrynointerest
1 month
I’ve been doing more work on public equities lately in the software space (don’t ask) I gotta ask you hedge fund guys: HOW DO YOU DO IT These companies don’t have to tell you ANYTHING One of the largest b2c software companies with a recurring revenue business model just
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@carrynointerest
9 months
Key indicator of talent: person: *sends me a cold dm* me: "Can you talk now on phone?" person: "give me 10 minutes here's my number" or immediately sends availability Never ever been unimpressed by one of these individuals once we get on a call I've heard this from other
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carried_no_interest
@carrynointerest
1 year
There are levels to everything. Especially finance. There are the 'classic' levels: Ibanking analyst, ibanking associate, PE associate, vp, etc. Then there are the REAL levels. These are attained through 2 things: 1) Networking 2) Unique skill acquisition. Let's talk about
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carried_no_interest
@carrynointerest
8 months
THE WORST ADVICE I'VE RECEIVED. When I was 19 years old, one of my professors gave me some advice: "Don't ever work free. Do whatever you can to avoid it." I lived by that advice for a while. Then, 3 years ago, I decided I'd run an experiment. If I had the time, and the work I
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@carrynointerest
1 year
CONSUMER SPENDING TERROR: Credit Card data is falling through the floor. I've tweeted about this for months. HomeDepot. Footlocker. Target. All pointing to weakening consumer health. Goldman Sachs Trader consumer trader Scott Feiler just published a note highlighting issues.
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carried_no_interest
@carrynointerest
1 month
I think my favorite things to read in a CIM is some combination of this: "we expect to increase revenue by 100% over next 3 years as a result of increased investment in Sales and Marketing and accelerated upsell opportunities" Then I immediately go to financials section and
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carried_no_interest
@carrynointerest
1 year
SAM ZELLS INVESTMENT THEMES: Sam's death hit me weirdly hard. Idk why. Followers told me I should pull his last 30 investments and look for themes/thesis. Watch a PE data scientist break down his firm's 6 investment themes (other than real estate). RIP to a GOAT. 🧵
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carried_no_interest
@carrynointerest
1 year
@Molson_Hart He doesn’t work there anymore; left to get his phd lol
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carried_no_interest
@carrynointerest
9 months
PRIVATE EQUITY RECKONING: The data for 2023 is in for middle market Private Equity. YIKES. Last Feb I wrote a tweet that went semi viral outlining that early 2023 data was rough for private equity. So, pitchbook put out some insane data about this summarizing 2023's PE middle
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carried_no_interest
@carrynointerest
1 year
DEAL SOURCING TIME: I have a free few hours. Any PE funds, searchers, or SMB acquirers that want companies sourced comment/dm. Example: All Restoration Companies in Florida, all veterinarians in minnesota, whatever. Code takes a few hours to run. Follow/like and i'll pick a few.
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carried_no_interest
@carrynointerest
10 months
So a PE managing partner reached out to me. He was wondering if I'd consider doing a podcast where I interview him about his favorite deal. Kind of like my 'LBO Legends' series but as a podcast. Deep dive metrics, KPIs, whatever drove the investment decision stuff like
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carried_no_interest
@carrynointerest
8 months
LEVERAGED BUY OUT / PRIVATE EQUITY LEGENDS #25 . WE'RE SO BACK. Ya'll know the drill. I pulled 300,000 M&A / PE deals. I calculate the highest returning ones of all time. I profile them. Atlas Capital Partners made a cool ~$2 BILLION on...optometry clinics? Let's dig in. The
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carried_no_interest
@carrynointerest
1 year
HOW TO BREAK INTO PRIVATE EQUITY: Many of you have asked me how to break into this industry. I thought I would write a thread on the advice I give most often. This advice is NOT for someone with 3 years investment banking experience. Your chances are low, but they aren't 0. 🧵
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carried_no_interest
@carrynointerest
4 months
SHOULD YOU GO INTO PRIVATE EQUITY? The storm continues.... Yesterday, @brentmuio posted a graph showing that Private Equity distributions were mirroring 2008 / GFC. It reminded me of a thread I wrote from a little over year ago: the storm in private equity. Hilariously, all of
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carried_no_interest
@carrynointerest
1 year
LBO LEGENDS: CARLYLE MADE A BILLION DOLLARS ON RATTY SNEAKERS. You know the deal. I've pulled 300,000 M&A/LBO transactions. I profile the highest returning private equity transactions of all time. This is the story of golden goose, a company that sells $500 distressed sneakers
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carried_no_interest
@carrynointerest
6 months
M&A + PRIVATE EQUITY DEAL SUMMARY MARCH 2024: New thing I'm doing: I look at all the PE deals that took place in the current month, and highlight the most interesting ones. THAT PART IS CONTEXTUAL but I like to think I know how to pick 'em. Anyway, let's DIVE IN. First up,
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carried_no_interest
@carrynointerest
1 year
WE GOT ANOTHER ONE: LEVERAGED BUY OUT LEGENDS #5 : I pulled 400,000 M&A/LBO transactions from pitchbook I compute the LBOs with the highest returns. I profile them.This one's insane: a 10x return in 4 years. The story of Azelis: how apax partners turned 240mm into $2.4b in 3 years
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carried_no_interest
@carrynointerest
5 months
LEVERAGED BUY OUT LEGENDS #30 : Ares Capital made $500MM on HAND ME DOWNS? This is the story of Ares Capital, Savers, and the thrifting resurgence. Of COURSE some PE fund made a boat load on the thrifting trend. Let's get into it! First thing's first, wtf is Savers? For my more
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carried_no_interest
@carrynointerest
5 months
I SOURCED EVERY HVAC COMPANY IN AMERICA TO FIND OUT HOW MANY ARE LEFT FOR PRIVATE EQUITY. I see a lot of jokes about HVAC and private equity roll ups and decided to do a fun experiment. @RobertMSterling should eat his heart out. Everyone keeps saying the private equity trade in
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carried_no_interest
@carrynointerest
8 months
LEVERAGED BUY OUT / PRIVATE EQUITY LEGENDS #26 . We're back at it again. Former data scientist here. I pulled about 300,000 M&A deals. I break down the best private equity deals of ALL TIME. ADVENT MADE A BILLION DOLLARS ON...RECYCLABLE FOOD PACKAGING? LET'S GET INTO IT! The
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carried_no_interest
@carrynointerest
10 months
@for_yield THIS CANT BE REAL I REFUSE THIS IS NOT THE SIMULATION I WANTED OPT OUT PLZ
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carried_no_interest
@carrynointerest
1 year
PREDICTION/HOT TAKE: every PE fund will have a 'Chief Data Officer' or 'Chief AI Officer' in the next 5 years. The ROI on these roles SHOULD be large. As the head of ai at a large pe fund, I will explain my reasoning 🧵🧵🧵
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carried_no_interest
@carrynointerest
7 months
SO YOU WANT TO START A PE FUND? This is a fascinating moment in PE land. We have fundraising dropping, dry powder soaring, and interest rates elevated. 2023 is officially in the BOOKS and data is coming out. Mckinsey and E&Y have each published some research recently on the
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carried_no_interest
@carrynointerest
4 months
True alpha in b2b sales : 1) Discover yappers. 2) Place them geographically distributed throughout high density clusters of your customer base. You want them to yap in person if you can. 3) enable extremely advanced lead capturing. Your yappers should only be yapping. Fine
@davidu
David Ulevitch 🇺🇸
@davidu
4 months
A lot of technical b2b founders hear this and think it’s wrong, but for a lot of SMB / Midmarket sales categories, it’s exactly right. I had a bunch of yappers and they did great (but I did stick them far from people trying to get work done). 💰💰👍
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carried_no_interest
@carrynointerest
1 year
PRIVATE EQUITY GOATS VOLUME 1: I'm starting a series where we highlight excellent individual PE managers and their 'knock it out of the park' deals. This first investor made $200MM dollars(!) in 2 years buying a saas company and flipping it to @thomabravo . INTRODUCING @edbyrne !🧵
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carried_no_interest
@carrynointerest
1 year
I just wrote the code to find every LBO that returned more than 300% in history in pitchbook's dataset. Super cool data. I think i'm going to post one every other day.
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carried_no_interest
@carrynointerest
1 year
Every now and then people say 'well i guess i pushed gpt4 to the max! Is this really all the AI revolution will be?' To those people I say: you have no idea what's coming. We are the very beginning of an innovation curve. We have barely scratched the surface. We are about ~2
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carried_no_interest
@carrynointerest
1 year
LEVERAGED BUY OUT LEGENDS #2 : I pulled every LBO on pitchbook to find the best deals done by PE funds. This is our second one: KPS Capital's acquisition of @TaylorMadeGolf . THIS STORY IS FASCINATING: Tiger Woods? Adidas? Who knew you could make $1.3 billion on golf clubs? 🧵
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carried_no_interest
@carrynointerest
8 months
Hot take: Warren buffet and Charlie munger made massive amounts of money off the health destruction of 3 generations. Their Coca Cola investment (and Coca Cola in general) will be looked at like cigarette companies in ~10 years.
@BillAckman
Bill Ackman
@BillAckman
8 months
Take a look at New Yorkers in 1930 after a decade of economic exuberance. There were no gyms, SoulCycles, yoga classes, or running shoes. There were no diets, Ozempic, USDA pyramids or degrees in nutrition science. Yet, look at how lean everyone is. There is no obesity.
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@carrynointerest
1 year
being sucked out of the consumer goods economy. What will happen when 100bn goes missing from the economy? IDK! But i do know that if you're peloton or hello fresh, you better get defensive ;) Happy to share the data provider in my dms because i'm not sure they want a mention.
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carried_no_interest
@carrynointerest
1 year
LBO / PRIVATE EQUITY LEGENDS IS BACK. Algorithm changes be damned. I pulled 300,000 M&A deals. I profile the top private equity deals of all time. These guys made a billion dollars on CATHETERS? This is the story of GTCR's acquisition of RESONETICS 🧵🧵🧵
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carried_no_interest
@carrynointerest
1 month
OH MY GOD. I can't emphasize this enough software founders: GET A SALES KILLER (CRO) EARLY. MEMORIZE THESE NEXT WORDS: @HarryStebbings did a dope interview with the sales leader at Sutter Hill. Sutter Hill, if you haven't heard, incubated Snowflake. They have built quite a
@HarryStebbings
Harry Stebbings
@HarryStebbings
1 month
How Snowflake built a hiring machine 🚀 “The messaging about the company has to be spot on & uniform. If managers are selling it differently as the reps are going through the process you lose credibility. You’ve got to nail the messaging.” Love to hear your thoughts on this
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carried_no_interest
@carrynointerest
1 year
Where did they spend that money? General Electronics, Air travel, pet supplies, and home furnishings dominate the dataset. In fact, there are a few companies in the dataset that seem the most at risk: Peloton, old navy, market district, shein, nintendo and target.
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carried_no_interest
@carrynointerest
3 months
HOW TO USE SEO DURING DUE DILIGENCE IN PRIVATE EQUITY (or the beginnings of SEO competitive research) There are only a few ways to grow a business with 'advertising': -ppc -sponsorships (events, booths, w/e) -direct outreach -other crap -AND SEO Few methods of advertising are
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carried_no_interest
@carrynointerest
2 months
When talking to almost 50 SAAS Venture Backed CEOs, I’d say 40 were in a really tough spot. $5-15mm in ARR with no path to series b/c. Declining growth. Almost no EBITDA. The logical answer is to sell to someone like me. The sad part is, if they don’t sell to me now it might be
@pitdesi
Sheel Mohnot
@pitdesi
2 months
There is a real "Series A crunch" Previously ~30% of startups got to a series A in 2 years. In recent vintages only ~15% did. data from @peterj_walker / @cartainc
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carried_no_interest
@carrynointerest
1 year
LEVERAGED BUY OUT LEGENDS #3 : I pulled every LBO on pitchbook. I'm posting the top PE deals of the last decade. Number 3: Reden Solar. Solar Panels? Solar Farms? $2.1 billion profit in 5 years? Who knew these private equity guys were feasting on ESG? Someone call AOC🧵🧵
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carried_no_interest
@carrynointerest
1 year
CORPORATE TURNAROUNDS VOLUME #1 : I'm a leader at private equity fund. I'm going to profile GOAT corporate turn arounds. BEER? PABST BLUE RIBBON? PBR went from selling 1 million gallons in 2001 to 92 million gallons in 2012. What can we learn from this corporate masterclass?🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
COOL PRIVATE EQUITY DATA ALERT: I pulled all the lbo data in last 8 years. The data set? 95,000 LBOs from @PitchBook . Fascinating graphs in this thread! First? Let's look at average public deal size for lbos: 🧵🧵🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
LEVERAGED BUY OUT LEGENDS #10 : I'm a data scientist in PE. I pulled 300,000 mergers & acquisitions/PE transactions. I analyze the highest returning M&A/PE deals of all time. This one is NUTS: @EQT MADE $1.3B IN 4 YEARS ON A PORT. Ports? Ships? Cranes? PIRATES? $1.3B? read on 🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
9 months
WHY AREN'T WE TALKING ABOUT THIS MORE. This is absolutely insane. LITERALLY putting the USA at a massive disadvantage. All these silicon valley tech ceos need to stop talking about Carta (who cares) and start talking about how bankrupt they'll be when they go to file taxes.
@jspujji
Jesse Pujji
@jspujji
9 months
My tax bill just went up 200% WTF! Why are we not hearing more outrage about IRS Section 174? Companies are required to capitalize ALL R&D expenses and NOT count them as a taxable expense?? It creates a huge phantom income liability! Eg: I have a $10M rev business with $4M in
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@carrynointerest
carried_no_interest
@carrynointerest
3 months
GEN Z HAS THAT DAWG IN 'EM Two college kids. Didn't go to stanford or MIT. They wanted me to invest and wanted me to be an advisor and they were hounding me (props). I asked for their availability one day and they said 'yeah we can't do 9-12:00 pm' I said 'why not' They
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@carrynointerest
carried_no_interest
@carrynointerest
3 months
I've fortunately gotten to take a peak inside quite a few LMM companies. Some people have asked 'what takes a company from 1mm of ebitda to 10mm of ebitda? What are the shared characteristics' No two industries are the same, but 2 things come up every single time: 1) A CEO who
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
LBO LEGENDS #6 : Your favorite data scientist pulled 300k LBO deals. I profile them. Thoma Bravo had to make an appearance. TB's acquisition of Kofax is the stuff of legends. They bought it for 1.5b in 2017. Sold it for a rumored 3b+ in 2022. lets dig into it @OrlandoBravoTB 🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
One of the easiest value adds for an acquisition is advanced analytics. Most founders of 1-5mm EBITDA businesses have never deep dove their funnel (idgaf who you are; you have a funnel) and built KPIs around each stage. time for some juice 🧃 🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
PRIVATE EQUITY LEGENDS: I'm a data scientist in private equity. I pulled 300,000 M&A/PE deals. I profile the BEST ones of all time. EQT MADE $1.4 BILLION IN 2 YEARS ON WAREHOUSE ROBOTS? Robots? Warehouses? A robot rebellion? 🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
Yesterday I met with $20bn in institutional/FO aum. The day before it was $8bn. I'll share more on this later. 8 years ago I was too poor to afford an apartment. I inflated an air mattress every single night at a family member's condo. The condo was a 1 bedroom, so I had to
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
Which private equity firms are performing the best? Tricky data to track down, but a follower suggested taking a look at public pension fund filings. I scraped a few sites; Keep reading to find out which PE funds are killing it and what they're buying 🧵🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
2 months
Silicon Valley is so hilariously broken sometimes. Uber raised $22 billion (!!!!!!) in VC. VCs were told (and believed) that Uber's unit economics, would like, totally work themselves out. 'Guys, we NEED to incinerate all this money so that we can get to SCALE and build the
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
Once you raise EBITDA 20% at a 500mm+ portco, one of these just shows up at your door (Jk I just spend a lot on data)
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
LEVERAGED BUY OUT LEGENDS #9 ! Twice in one week? YUP. I'm a data scientist in PE. I use data to find the best M&A/pe deals. THIS PE FUND MADE 2B IN 3 YEARS ON...GAMBLING DATA? The house always wins! spin offs? Gambling? A FAILED IPO? Read On 🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
The Abu Dhabi Investment Authority has become a gorilla in the LBO/PE space. They've built an insane roster of PE investors, and have started throwing their weight around the global economy. Want to watch a data scientist at 6b PE fund break down their current thesis? 🧵🧵🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
9 months
Financial Engineer season is coming to an end. Funds with insane operations pedigree will thrive. If you're in banking, and you want to go into PE, do everything can do study the operations GOATs.
@YourDealTeam
YourDealTeam
@YourDealTeam
9 months
Read one of the crazier CIMs today. - Manufacturing biz - Owned by a trio of PE groups - 15x debt/EBITDA currently on the balance sheet My guess is PE insanely overpaid for the biz and it didn’t grow. But even at 5x valuation, wouldn’t come close to covering the debt.
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
PRIVATE EQUITY LEGENDS: I'm a data scientist in private equity. I pulled 300,000 M&A/PE deals. I profile the BEST ones of all time. EQT MADE $1.4 BILLION IN 2 YEARS ON WAREHOUSE ROBOTS? Robots? Warehouses? A robot rebellion? 🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
Hello to the new 1000 people following me! Someone said I should do a thread about how I got into private equity. I took an extremely non traditional route into PE, so read along to see how I ended up in AI at a PE Fund 🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
So, we can assume that 30 million people will randomly have $300 less to work with starting in september. WOOF! In fact, the data showed that non payers outspent their peers by almost 3% over the next 2 years. People get aggressive with that loan money!
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@carrynointerest
carried_no_interest
@carrynointerest
8 months
If you aren't in your dream job, as soon as your 'i'm learning new things' rate goes from somewhat linear to rapidly decaying, it is time to seek new opportunities. This is especially true if you want top decile outcomes professionally. If you want a chill life, that's okay
@privateinequity
Paul W. Swaney III
@privateinequity
8 months
You’re the best judge if you’re stagnating or not…, those are the ultimate skills This is why I outsource modeling… might be time for a change
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
Other honorable mentions in our non payer category: Airbnb, Chipotle, hello fresh, pizza hut, random airlines, and sephora. So, if all that money isn't going to those companies anymore, what will happen to the economy? if we assume users were spending that money, that's 100bn
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@carrynointerest
carried_no_interest
@carrynointerest
11 months
Alex Hormozi will go down as one of the BEST PE investors of all time. Distribution + the adoration of millions probably has his deal team FLOODED with opportunities. That and the ole small fact that he’s a god tier operator and salesman…
@ryanhashemi_
Ryan Hashemi
@ryanhashemi_
11 months
Alex Hormozi is going to be a billionaire by 2033. He made $50M by selling his businesses and is now using video content to disrupt traditional private equity (his portfolio is already at $200M/year) How he is using YouTube to become a billionaire right in front of your eyes 🧵
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@carrynointerest
carried_no_interest
@carrynointerest
2 months
HOW TO FIX A SLIGHTLY BUSTED SOFTWARE COMPANY. In the media, all they show you is the Venture Funded software companies that sell for 10x ARR. Out in the wild, things are...a bit different. Especially now. The deals where myself (and @LowerLeftPE ) shine the most are software
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
just wrote some code that sourced 10,000 commercial hvac service companies in 20 minutes: ama (no it wasn't the ppp data)
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@carrynointerest
carried_no_interest
@carrynointerest
8 months
I LEFT MY OLD PRIVATE EQUITY FUND. A few months ago, I left my old private equity fund. Part of the reason? The opportunity to work closely with @LowerLeftPE . If you don't follow him, you should and you won't regret it. He has acquired over a billion dollars in software
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@carrynointerest
carried_no_interest
@carrynointerest
3 months
@the_P_God Insert *it’s all sales? It always has been* meme More applicable in banking than most think
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@carrynointerest
carried_no_interest
@carrynointerest
9 months
PRIVATE EQUITY SPACE UPDATE: We have someone really special joining @privateinequity and I in our X space tomorrow: @27XVII Partners. @27XVII worked for a very large PE fund and now has his own fund facilitating a take private in the public markets. Super Casual. We really
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
CONSUMER SPENDING FREAK SHOW: Most of the people who follow me are in PE, so I'm going to touch on something that is getting lots of attention and telling two different stories: CONSUMER SPENDING. Interesting data below 🧵🧵🧵
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
@WillManidis don't mind me; just impeding schizophrenia at 7:00 AM
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
@BrianJJi I spent too many years before I realized this. Hell, it is as malleable as sending 500 emails. Can you send 500 emails? Great, almost anything you want in the world is possible.
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@carrynointerest
carried_no_interest
@carrynointerest
10 months
Never really addressed this. Broke 13k followers the other day. Nobody writing for me, only really posting when I had something insightful I wanted to share or I had a big update. I love this weird Twitter community more than any other community I’ve been a part of. Thank
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@carrynointerest
carried_no_interest
@carrynointerest
8 months
POTENTIAL DEAL STRUCTURE: AM I INSANE? I've seen a lot of deal structures. I've seen all the normal PE ones, all the normal SBA ones, all the normal ind sponsor ones. I pulled this one out of thin air today. Asked a lot of friends what it would be called, and no one has any
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@carrynointerest
carried_no_interest
@carrynointerest
1 year
I've been thinking of building a tool for people that care about restructurings in finance. Take in restructuring filings and producing insights that take into account equity structure of the public co. Anyone interested in working with me on this or providing feedback?
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