Dan Fleyshman

Zero to one million, super hard. And so Elevator Syndicate, our concept is get guys like us, right? I've got 960 investors. So guys like Nick, hey, you throw in 25K, 100K, 500K, whatever the number is, we'll all pitch in together. But this company's already doing nine million revenue. How can Nick help? How can Dan help? How can the other 32 investors?

How can we all pitch in and help this business? You might find investments that you can do with some friends, co-investors. That's why people ask, who are the other investors? Because if Nick was already an investor in a company, I'm more inclined to want to invest, right? Because him and his circle have experience. They built a huge business.

How can we all pitch in and help this business? You might find investments that you can do with some friends, co-investors. That's why people ask, who are the other investors? Because if Nick was already an investor in a company, I'm more inclined to want to invest, right? Because him and his circle have experience. They built a huge business.

So when people pitch you, because they're going to pitch you, people pitch you, ask them some key questions. Where are their revenue at? What's their actual experience? Who else is involved? Who's on the advisory board? Who's an actual investor? There's a big difference between advisory board and investor. Someone that cuts a check versus just puts their name on it. There's a lot of differences.

So when people pitch you, because they're going to pitch you, people pitch you, ask them some key questions. Where are their revenue at? What's their actual experience? Who else is involved? Who's on the advisory board? Who's an actual investor? There's a big difference between advisory board and investor. Someone that cuts a check versus just puts their name on it. There's a lot of differences.

Just ask a lot of these questions before you make your investment, because when you get it right, you can have a 6x, 12x, 20x. When you get it wrong, which is gonna happen, you're only having a 1x loss. That's why Nick mentioned you gotta have multiple investments when you're taking angel investment risk. You can't just do one angel investment. You gotta do three, four, 10, 20. I've done 43.

Just ask a lot of these questions before you make your investment, because when you get it right, you can have a 6x, 12x, 20x. When you get it wrong, which is gonna happen, you're only having a 1x loss. That's why Nick mentioned you gotta have multiple investments when you're taking angel investment risk. You can't just do one angel investment. You gotta do three, four, 10, 20. I've done 43.

43 sounds like a lot, but it's been a decade. It's really only four or five a year if you think about it. Because I'm seeing 200 deals and I'm picking four or five. All right, Nick. So you're investing a lot back into the business, right? A lot of people don't realize someone goes and does 10 million in revenue, they're probably broke, right? They're in debt.

43 sounds like a lot, but it's been a decade. It's really only four or five a year if you think about it. Because I'm seeing 200 deals and I'm picking four or five. All right, Nick. So you're investing a lot back into the business, right? A lot of people don't realize someone goes and does 10 million in revenue, they're probably broke, right? They're in debt.

So, in this scenario, there's very, very, very, very, very, very few companies that go off to do $300 million revenue. At what point do you think about, should I exit the business? Should I go acquire a bunch of other companies that are in the moving space? Should I do, other ancillary companies? Should I become like a trucking company here? Should I be a box manufacturer?

So, in this scenario, there's very, very, very, very, very, very few companies that go off to do $300 million revenue. At what point do you think about, should I exit the business? Should I go acquire a bunch of other companies that are in the moving space? Should I do, other ancillary companies? Should I become like a trucking company here? Should I be a box manufacturer?

Because you probably go through millions of boxes. What are the things? Should we do the wrapping tape? Should you have a wrapping tape company? I could sit here and rattle off, and I'm sure you guys have thought about all of them over 20 years. Sometimes when you have a core business like what they're doing for the moving space sometimes you think about what are the vendors we use?

Because you probably go through millions of boxes. What are the things? Should we do the wrapping tape? Should you have a wrapping tape company? I could sit here and rattle off, and I'm sure you guys have thought about all of them over 20 years. Sometimes when you have a core business like what they're doing for the moving space sometimes you think about what are the vendors we use?

What do we spend money on? Yeah, if you're spending money going buying Tape and you go through freaking I can't even imagine how much tape you go through to tape up the boxes Maybe we should do that. Yeah, when you go through literally millions of boxes Maybe we should have our own and sell the boxes to our customers or to our franchisees. Talk us through that concept.

What do we spend money on? Yeah, if you're spending money going buying Tape and you go through freaking I can't even imagine how much tape you go through to tape up the boxes Maybe we should do that. Yeah, when you go through literally millions of boxes Maybe we should have our own and sell the boxes to our customers or to our franchisees. Talk us through that concept.

So as you go from 300 million to 340 to 400 to 500, is there a number in your head that you're like, okay, this is my goal number or does the goalpost always move?

So as you go from 300 million to 340 to 400 to 500, is there a number in your head that you're like, okay, this is my goal number or does the goalpost always move?

So let's picture this. It's your 50th birthday. $1 billion gets wired in for the big acquisition for 80% of your company. You get to keep 20% because they want to give you what's called golden handcuffs. They want to keep you on. They need you for the next couple of years. What do you do the next day after $1 billion shows up on the Monday morning? What do you do on Tuesday?

So let's picture this. It's your 50th birthday. $1 billion gets wired in for the big acquisition for 80% of your company. You get to keep 20% because they want to give you what's called golden handcuffs. They want to keep you on. They need you for the next couple of years. What do you do the next day after $1 billion shows up on the Monday morning? What do you do on Tuesday?

Yeah. My ranch is not a business. That's right. One hundred forty thousand a month of feeding animals. They're very hungry.