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Dave Royce

πŸ‘€ Speaker
274 total appearances
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Appearances Over Time

Podcast Appearances

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And we'll double it each time we go up.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And then by the end, you're like, uh-oh, 18th hole.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

Yes, Rafi, what I learned is it's all about access, getting access to the right things, right?

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

So like SpaceX is about to IPO, right?

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

I have friends who invested in SpaceX years and years ago.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

Because they had money or they had access through somebody.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And they're going to 40x their money.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

It's wild how much they're going to make.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

So I realized that's really the key.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And you have to have a certain amount of money.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

Like, for example, this group I use, Iconic, you have to have $100 million just to even get in with them.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

But they have pulled together a bunch of different people.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

Mark Zuckerberg was the original person who worked with these guys.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And then I think Jack Dorsey and Reid Hoffman.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

But they have a lot of the tech guys there.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

But basically, they pooled their money to be able to get access to whatever it is.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

So I've invested in the last three series of Anthropic because I had access.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

In any other instance, I never would have had access to that.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

it's a it's a little rough right because the rich get richer in that sense but you have to have a certain amount of money to do it right it's the same amount of legal paperwork for them to do so they need bigger checks um but yeah it'd be interesting to see if somebody actually put together something clearly like in the puppet markets they have that but if there was a private way to do it where people could put in lots and lots of money to fund something and then

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

so everybody can participate in it.