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Ramtin Naimi

๐Ÿ‘ค Speaker
1465 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And I think we can continue that pace.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

Say a couple adjectives each about your parents.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

How would you describe them?

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

My mom is really tough, but also the most loving mom in the world.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And my dad is totally soft, really soft-hearted guy, but very strict about having direction in life.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

My dad's number one thing was like, as long as you're working hard and you're good at something and you know how to create something out of it, you'll be successful at it.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

My brother, he started a company as well, a vertical SaaS company that sells into the automotive industry.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

which when we moved to the Bay Area is the industry my dad got into.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

He ended up working at car dealerships and then working his way up until eventually became a partner of a franchise group that primarily deals in luxury exotic cars.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And my brother worked with him for a little bit and learned a little bit about that industry.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And he bootstrapped a vertical SaaS business and that he just recently sold for a little less than 30 million bucks.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

But the cool thing about it was he went to YC and raised less than $600,000 to the company.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And it just ran it with him and his co-founder and no employees.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

And they got it to just shy of 6 million of ARR, but highly, highly profitable.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

Besides two employees and some hosting fees and some data licenses, there was no expenses to the business whatsoever.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

But there are certain founders like him and other people in our portfolio that I point to.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

how much you could actually do with just $600,000 or a million dollars.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

But the reason I pointed to him is we were raised the exact same way.

Invest Like the Best with Patrick O'Shaughnessy
Ramtin Naimi - Building Abstract - [Invest Like the Best, EP.435]

We think about things differently, but for two immigrant parents, having kids that have both built things, my brother sold the company for 30 million bucks.