Eric Spofford
👤 PersonAppearances Over Time
Podcast Appearances
And so the 12 hours that TikTok was down, I mean, God, how many people were complaining about that?
And so the 12 hours that TikTok was down, I mean, God, how many people were complaining about that?
You see how dependent people are on TikTok. you know, these platforms for a lot of reasons for the social greed, but also their own entertainment. Right. You know, so I didn't have a lot of concern that it was going to stay down for very long.
You see how dependent people are on TikTok. you know, these platforms for a lot of reasons for the social greed, but also their own entertainment. Right. You know, so I didn't have a lot of concern that it was going to stay down for very long.
Honestly, my answer to almost everything right now is no. And here's why. The cost of distraction is unbelievable, right? And so I'm tunnel vision on these couple initiatives, these operating companies that I have, they're explosively growing.
Honestly, my answer to almost everything right now is no. And here's why. The cost of distraction is unbelievable, right? And so I'm tunnel vision on these couple initiatives, these operating companies that I have, they're explosively growing.
And if I take 30 minutes, 15 minutes, 10 minutes away from my day-to-day to disengage from what I'm doing, pay attention to some pitch on some idea, and then potentially say yes, It takes time and energy even to just get that deal done and to get it over the finish line and to deploy capital.
And if I take 30 minutes, 15 minutes, 10 minutes away from my day-to-day to disengage from what I'm doing, pay attention to some pitch on some idea, and then potentially say yes, It takes time and energy even to just get that deal done and to get it over the finish line and to deploy capital.
And then review it. And all the while, you know, when you look at it, like if you say I'm three to five years away from $500 million valuation, right? I'll hit... This year, I'll hit $150 to $200 million enterprise valuation. Not liquidity, but just the business. This is what it's worth if I sold it. So take three years from now. I've been in for two. I'll be in for another three, right?
And then review it. And all the while, you know, when you look at it, like if you say I'm three to five years away from $500 million valuation, right? I'll hit... This year, I'll hit $150 to $200 million enterprise valuation. Not liquidity, but just the business. This is what it's worth if I sold it. So take three years from now. I've been in for two. I'll be in for another three, right?
60 months. What's $500 million divided by 60? A lot. A lot. Divided by 4.3 weeks to the month.
60 months. What's $500 million divided by 60? A lot. A lot. Divided by 4.3 weeks to the month.
$8 million a month. All right. So that's $2 million a week. $2.3. And so when you look at the value of time.
$8 million a month. All right. So that's $2 million a week. $2.3. And so when you look at the value of time.
I will get it done, but for the sake of conversation, if I transact in three years or if the businesses, say even if just I grow the business valuation to $500 million in the next 36 months, that means that when you take that value that I've created and accredit it backwards, that my time right now is worth $2 million a week. Five days a week, I mean, I work seven, but we'll call it five.
I will get it done, but for the sake of conversation, if I transact in three years or if the businesses, say even if just I grow the business valuation to $500 million in the next 36 months, that means that when you take that value that I've created and accredit it backwards, that my time right now is worth $2 million a week. Five days a week, I mean, I work seven, but we'll call it five.
That's $400,000 a day.
That's $400,000 a day.
Yeah, the answer is fucking no. And so I acutely understand the value of my time in that context. And so when I look at it, I'm just like, I can't afford to even stop long enough to listen to what it is you have to say right now.
Yeah, the answer is fucking no. And so I acutely understand the value of my time in that context. And so when I look at it, I'm just like, I can't afford to even stop long enough to listen to what it is you have to say right now.