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The pattern is kind of wild here. These founders build these spectacular businesses doing hundreds of millions of dollars of revenue / becoming globally recognized businesses, so I kind of have to assume they know the benchmarks laid out in these earn outs are pie in the sky numbers that the big strategic knows they won’t hit. The part of that I have trouble with is that - these strategics aren’t buying these businesses to lose money! They want and need them to win! Kind of interesting that Stephen and Allison at Poppi also announced their encore business Jetty this week, which I’m sure we will find out is a super hot funding round. They are winners, so very interested in the new biz (and what they think about all of this!!)
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marshallsandman
The pattern is kind of wild here. These founders build these spectacular businesses doing hundreds of millions of dollars of revenue / becoming globally recognized businesses, so I kind of have to assume they know the benchmarks laid out in these earn outs are pie in the sky numbers that the big strategic knows they won’t hit. The part of that I have trouble with is that - these strategics aren’t buying these businesses to lose money! They want and need them to win! Kind of interesting that Stephen and Allison at Poppi also announced their encore business Jetty this week, which I’m sure we will find out is a super hot funding round. They are winners, so very interested in the new biz (and what they think about all of this!!)
I don’t understand how this keeps happening. It’s almost like these stories that get Forbes to put them on the list in the first place are TOO extraordinary. So who’s next?
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I don’t understand how this keeps happening. It’s almost like these stories that get Forbes to put them on the list in the first place are TOO extraordinary. So who’s next?
Private valuations are not public valuations. Public market deals will eventually regress to the fundamentals!
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Private valuations are not public valuations. Public market deals will eventually regress to the fundamentals!
This is unfortunately a crime if it’s true. I don’t think there was malice intended and it may not have been purposeful, but this is fraud. People have gone to jail. She should return investors money, and send back any money she may have spent. All $43.5m. Close the business and try to stay out of what will be a crappy legal battle. Even if she wins, everyone loses.
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This is unfortunately a crime if it’s true. I don’t think there was malice intended and it may not have been purposeful, but this is fraud. People have gone to jail. She should return investors money, and send back any money she may have spent. All $43.5m. Close the business and try to stay out of what will be a crappy legal battle. Even if she wins, everyone loses.
I’ve been in Aspen for two weeks and I’ve heard more about this than anything else. The extreme lengths some people are willing to go to to keep the runway from just getting renovated to industry standard is wild. They don’t want more private planes, but they want the ones they have now!! It’s a very delicate line and I wanted to talk about it on here SO I DID!
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I’ve been in Aspen for two weeks and I’ve heard more about this than anything else. The extreme lengths some people are willing to go to to keep the runway from just getting renovated to industry standard is wild. They don’t want more private planes, but they want the ones they have now!! It’s a very delicate line and I wanted to talk about it on here SO I DID!
This is one of the painful truths of being a founder. Investors want the money in the business not in your pocket (basically until you’re in 🦄 territory). Also this can be situational! These aren’t strict rules
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This is one of the painful truths of being a founder. Investors want the money in the business not in your pocket (basically until you’re in 🦄 territory). Also this can be situational! These aren’t strict rules
LETS GO KNICKS! Not included above, but our king (my doctor) Jalen Brunson took a pay cut for this roster to stay together AND for the team to be able to afford Karl Anthony Towns’s contract. He will now be eligible for a max contract valued near $400m. He deserves every penny.
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LETS GO KNICKS! Not included above, but our king (my doctor) Jalen Brunson took a pay cut for this roster to stay together AND for the team to be able to afford Karl Anthony Towns’s contract. He will now be eligible for a max contract valued near $400m. He deserves every penny.
Kevin Durant isn’t just the greatest scorer of all-time, he might be one of the greatest athlete investors of all-time. This investment will blow your mind. 

Our guy @marshallsandman breaks it down, and keeps you updated on what you could learn from this.

KD is about to make more from this than he will on the court this season. Insane. @easymoneysniper @richkleinman @boardroom
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Kevin Durant isn’t just the greatest scorer of all-time, he might be one of the greatest athlete investors of all-time. This investment will blow your mind. Our guy @marshallsandman breaks it down, and keeps you updated on what you could learn from this. KD is about to make more from this than he will on the court this season. Insane. @easymoneysniper @richkleinman @boardroom
There’s a huge lesson here in basic business practices. Honesty shouldn’t be extra, it should be common place. As it weird as it is to say this really is a SHIFT in accountability for early stage VC
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There’s a huge lesson here in basic business practices. Honesty shouldn’t be extra, it should be common place. As it weird as it is to say this really is a SHIFT in accountability for early stage VC
This isn’t the most down the fairway topic for me but it’s completely fascinating. The allocation of scarce resources, the relationships between these mega companies and bitcoin miners, the insane trend in venture capital to finance power companies of all shapes and sizes. Understanding basic unit economics is the fundamental building block of my job so just wanted to pass it along!
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This isn’t the most down the fairway topic for me but it’s completely fascinating. The allocation of scarce resources, the relationships between these mega companies and bitcoin miners, the insane trend in venture capital to finance power companies of all shapes and sizes. Understanding basic unit economics is the fundamental building block of my job so just wanted to pass it along!
Bonus video because I actually can’t believe this. We have lost the plot. My mom loves her oura ring and I love my whoop, but just because the product is reasonably good doesn’t mean the public market will value it. They won’t. If they could, they would sell to a private equity firm and LBO, take cash out and put executives on an earn out but they can’t.
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Bonus video because I actually can’t believe this. We have lost the plot. My mom loves her oura ring and I love my whoop, but just because the product is reasonably good doesn’t mean the public market will value it. They won’t. If they could, they would sell to a private equity firm and LBO, take cash out and put executives on an earn out but they can’t.
CJ McCollum has spoken about how players use these shared spaces to build relationships, exchange investment ideas and connect with people who can help them build wealth beyond basketball.

Our chief @marshallsandman gives you an inside look at NBA investments. The difference today is that players are increasingly treating financial literacy as part of their professional development. With social media, athlete-led businesses and a growing network of players investing alongside one another, the conversation around money has become much more open than it was for previous generations.

Instead of waiting until retirement to think about life after basketball, players are building those connections while they’re still in the league. And with careers that can end in a matter of years, having access to the right people and opportunities can make a lasting difference.

The locker room might be where the game starts, but for some NBA players, it’s also where the next chapter is being built.
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CJ McCollum has spoken about how players use these shared spaces to build relationships, exchange investment ideas and connect with people who can help them build wealth beyond basketball. Our chief @marshallsandman gives you an inside look at NBA investments. The difference today is that players are increasingly treating financial literacy as part of their professional development. With social media, athlete-led businesses and a growing network of players investing alongside one another, the conversation around money has become much more open than it was for previous generations. Instead of waiting until retirement to think about life after basketball, players are building those connections while they’re still in the league. And with careers that can end in a matter of years, having access to the right people and opportunities can make a lasting difference. The locker room might be where the game starts, but for some NBA players, it’s also where the next chapter is being built.
Venture capital has been able to break down every major industry on earth except this one. Will they ever be able to break the certification life cycle? Pull out the entrenched players? Even compete with them? I would think so, but many have tried and all have failed to date. The person or people that figure this out will have one of the only trillion dollar opportunities left on earth!
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Venture capital has been able to break down every major industry on earth except this one. Will they ever be able to break the certification life cycle? Pull out the entrenched players? Even compete with them? I would think so, but many have tried and all have failed to date. The person or people that figure this out will have one of the only trillion dollar opportunities left on earth!
I just feel like I’m saying the quiet part out loud. I want everyone to win, I want everyone to make money pursuing their passions - but how do some of the smartest investors in the world get behind a 7.7x revenue multiple for a bar that tastes bad and a couple of other soft product launches that haven’t gone anywhere. You have to underwrite this business to being its own Mondelez or Hersheys (that IS what’s happening) but I just don’t see it. $250m is an amazing amount of money but it actually isn’t enough when you consider how big of a check is going to end up in a marketing budget right off the top.
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I just feel like I’m saying the quiet part out loud. I want everyone to win, I want everyone to make money pursuing their passions - but how do some of the smartest investors in the world get behind a 7.7x revenue multiple for a bar that tastes bad and a couple of other soft product launches that haven’t gone anywhere. You have to underwrite this business to being its own Mondelez or Hersheys (that IS what’s happening) but I just don’t see it. $250m is an amazing amount of money but it actually isn’t enough when you consider how big of a check is going to end up in a marketing budget right off the top.
I’m going to do my best to reply to every single person. No celebrity beverage please.
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I’m going to do my best to reply to every single person. No celebrity beverage please.
If you’re a founder watching this, you probably need to figure out how you’re going to go to market thoughtfully and more importantly - in a cost effective manner! These are just the three biggest 🚩 not the only ones…
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If you’re a founder watching this, you probably need to figure out how you’re going to go to market thoughtfully and more importantly - in a cost effective manner! These are just the three biggest 🚩 not the only ones…
Same as every other trend. Get to the basics - topline, gross profit margin, marketing spend, overhead and profitability. Don’t get caught up in the hype! I do think there will be some defensible businesses that come out of this cycle (same as most)!
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Same as every other trend. Get to the basics - topline, gross profit margin, marketing spend, overhead and profitability. Don’t get caught up in the hype! I do think there will be some defensible businesses that come out of this cycle (same as most)!
This isn’t even a hot take. DWTS has become the hottest ticket to push celebrities over the cusp into the promised land - name brand recognition. Reality tv has become so crowded and this older property seems to just be growing its legs at the right time.
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This isn’t even a hot take. DWTS has become the hottest ticket to push celebrities over the cusp into the promised land - name brand recognition. Reality tv has become so crowded and this older property seems to just be growing its legs at the right time.
Meta just told me that my five minute video won’t be recommended to new followers. So SHARE THIS VIDEO PLEASE!!! Sorry for the amount of thigh here. There is a whole other series of videos to be done about the restructuring of department stores.
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Meta just told me that my five minute video won’t be recommended to new followers. So SHARE THIS VIDEO PLEASE!!! Sorry for the amount of thigh here. There is a whole other series of videos to be done about the restructuring of department stores.
I know I’m being dramatic. You should NOT stay pre-revenue as long as possible, but the fundamental truth does underly this very wild venture capital lesson. We are investors in a handful of businesses that we expected NOT to have revenue for YEARS and some successfully raised awesome rounds… some didn’t. The second that revenue is turned on this is what people will do - compare your multiple to others. This is an egg you can’t unscramble!
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I know I’m being dramatic. You should NOT stay pre-revenue as long as possible, but the fundamental truth does underly this very wild venture capital lesson. We are investors in a handful of businesses that we expected NOT to have revenue for YEARS and some successfully raised awesome rounds… some didn’t. The second that revenue is turned on this is what people will do - compare your multiple to others. This is an egg you can’t unscramble!

Marshall Sandman (@marshallsandman) Instagram Stats & Analytics

Marshall Sandman (@marshallsandman) has 58.3K Instagram followers with a 2.16% engagement rate over the past 12 months. Across 352 posts, Marshall Sandman received 228K total likes and 10.7M impressions, averaging 646 likes per post. This page tracks Marshall Sandman's performance metrics, top content, and engagement trends — updated daily. To benchmark @marshallsandman against other accounts, use Socialpruf's Instagram competitor analysis tool.

Marshall Sandman (@marshallsandman) Instagram Analytics FAQ

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Marshall Sandman (@marshallsandman) has 58.3K Instagram followers as of November 2026.
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Marshall Sandman's Instagram engagement rate is 2.16% over the last 12 months, based on 352 posts.
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Marshall Sandman received 228K total likes across 352 posts in the last 12 months, averaging 646 likes per post.
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Marshall Sandman's Instagram content generated 10.7M total impressions over the last 12 months.
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