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Building Commercial Credit
w/ Chris Owen of J. Galt
AZ TRT S04 EP45 (208) 11-12-2023
Things We Learned This Week
Guest: Chris Owen
LKIN: HERE
Helping Business Owners Access Loans & Credit ๐ช๐๐ง๐๐ข๐จ๐ง Endangering Their Personal Credit & Family Assets
๐บ๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐. When small businesses prosper, then the community also thrives. The passion I have for helping fellow entrepreneurs succeed is something I've fostered my entire life. As an advocate and advisor for small businesses I have seen the challenges they face firsthand. โข ๐ด๐ฎ% ๐ผ๐ณ ๐ฆ๐บ๐ฎ๐น๐น ๐๐๐๐ถ๐ป๐ฒ๐๐๐ฒ๐ ๐ณ๐ฎ๐ถ๐น ๐ฏ๐ฒ๐ฐ๐ฎ๐๐๐ฒ ๐ผ๐ณ ๐ฐ๐ฎ๐๐ต ๐ณ๐น๐ผ๐ ๐ฝ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ๐. โข ๐ฎ๐ต% ๐ผ๐ณ ๐ฆ๐บ๐ฎ๐น๐น ๐๐๐๐ถ๐ป๐ฒ๐๐๐ฒ๐ ๐ฟ๐๐ป ๐ผ๐๐ ๐ผ๐ณ ๐ฐ๐ฎ๐๐ต. And yet, ๐ก๐๐จ๐จ ๐ฉ๐๐๐ฃ 2% ๐ค๐ ๐๐ก๐ก ๐๐ฝ๐ผ ๐๐ค๐๐ฃ ๐ผ๐ฅ๐ฅ๐ก๐๐๐๐ฉ๐๐ค๐ฃ๐จ ๐๐ง๐ ๐๐ฅ๐ฅ๐ง๐ค๐ซ๐๐. When businesses fail, they leave an average of $๐ด๐ฏ๐ธ ๐ถ๐ป ๐ฝ๐ฒ๐ฟ๐๐ผ๐ป๐ฎ๐น ๐ฑ๐ฒ๐ฏ๐ for the business owner and their family. Knowing these daunting stats, it has become my life's mission to help protect these incredible small businesses that are the bedrock of our economy. Can you imagine what your small business would look like in 12 months ifโฆโ You didn't get turned down for the loan, credit card, or line of credit you needed?โ Your access to loans and credit didn't impact your personal credit or put your family home at risk?โ You had the money you needed to expand and meet new opportunities?
J. Galt: https://www.jgalt.io/cowen
We Help Small Businesses Optimize Cashflow and Manage GrowthOur Proven Business Credit Building System
J. Galt Finance Suite continues to strengthen the small business community by allowing Main St. to build business credit like Wall St.
Member Journey
Our mission is to get your business credit worthiness to a place to have access to the capital you need, when you need it.
First, we ensure your business information matches Secretary of State, IRS, and Credit Agencies. Next, we verify all proper registrations are in place and cross reference data points on your credit reports. Then, we take your business credit through the vendor tiers to get you access toโฆ
$50,000 of credit within your first year and beyond.
Notes:
Seg 1
All business owners know, access to capital is critical. Often you need money to grow your business, or help you in emergency. Cashflow is life line of a business. When it's not strong, this could cause big problems in the business.
Your credit capacity is your ability to borrow money, especially on good terms or a lower interest rate. It is always good to have cash on hand, access to both business loans and credit lines when needed.
Understanding credit, loan terms and how to raise money is crucial to a business. You also need to understand that when you borrow money (whether it is from a bank or an investor), you a partner with your lender. They will check in on you and maybe even have a say in how your business is run.
Clip from:
You Need to Control 3 Things in Investing โ Taxes, Capital & Assets
- BRT S03 EP34 (133) 7-22-2022 โ Wealth for Life
Things We Learned This Week
Denver Nowicz, President - Wealth For Life
https://wealthforlife.net/brt/
https://twitter.com/denvernowicz
Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not 'All or Nothing'.
Full Show: HERE
Seg 2.
Chris Owen of J. Galt
Chris works with small businesses to build their commercial credit and grow their business. They work with many different industries, with construction as a common client.
There are 3 Types of Credit - Personal, Business, and Commercial.
Personal Credit is the common credit for car loans, credit cards or mortgages. This credit score could be reflected on the interest rate for your mortgage or it could affect your insurance. Typically at 18 you get your first credit card and you start building your credit, you may even need your parents to cosign and be a guarantor on a car loan
Business Credit which is usually the type of credit carried by small businesses is an extension of your personal credit. The owner of the business would cosign on to a business loan and give a personal guarantee.
Anytime you give a personal guarantee whether on a personal loan or a business loan it affects your credit. So if the business has issues and goes down, you still owe the loan personally. Average debt of a business owner who lost their business is $80K.
Basics of Business 101 - you have 3 financial statements - a profit and loss, balance sheet and the cash flow report. Very important to understand cash flow and what type of access you have to capital.
Businesses use an EIN as an identifier, which is like a Social Security number for the business. This number keeps your score and is your access to corporate credit. When a business pays taxes they file their return with an EIN number.
Your Corporate Credit (or Commercial Credit) profile gets billed off your EIN number, not your personal credit. This is what big corporations use to get access to capital.
Fortune 500 companies like Apple, Home depot or Nike have corporate credit. It is not widely known in the business industry. You can improve your cash flow and use corporate credit to expand and grow your business.
Seg 3
Building commercial credit is not widely known or discussed in business. You must be intentional about building it.
Business credit and personal credit are tied together. Business credit can leverage off of personal credit. The credit can grow together or be hurt if one goes down.
It is important to know the major credit agencies and what type of credit they report. The 3 big agencies are Equifax, Experian, and Dunn and Bradstreet (D&B)
The average business does not have corporate credit, just business credit. 93% of the agencies do not report positive payment history so there is no regulation of this. You need to know all reports. Often the agencies are not reporting what is needed to build corporate credit.
When you build a house you start with the foundation. This is no different with credit. J. Galt has 125 checkpoints to review the credit foundation.
Some of the checkpoints deal with the spelling of your full legal name on all your business documents. Somewhat of an alpha numeric check. Your business name, the LLC checking if your name has your middle initial or if it's spelled differently with different agencies.
Something as simple as your name being spelled differently can deny your credit, and then you won't know the reason why. If denied, it could take 6 to 12 months to re-apply. It is crucial that all your banking information is correct and consistent.
Access to credit can be the lifeline of a business loan. If you apply for loans and get denied this could be very damaging.
Seg 4
If you can build true corporate credit you can get 10x the lending credit. You also can get lower interest rates of 1 to 5% which is much better than a personal or business loan.
Helping small businesses get access to credit helps the economy. 1.3 million businesses have closed in the last 2 years, most because of cash flow issues leaving an average of $80K in debt.
J. Galt has a 7 Point System to build credit checkpoints 125 credit reporting get started with the 7% who you need to report to then for two years of credit open lines of credit get the best terms financing and get a credit score of 80+
J. Galt can assist with lenders contacts on when and how to apply so you achieve corporate credit. Now you can get loans for real estate, vehicles, buildings or construction, credit cards, fuel cards, etc.
Credit builds to the amount of expenses you were working with. For example it could go from $50K up to $500K.
The success goal is to have true tier for corporate credit and a credit score of 80+ based on a 0 to 100 score. This is the equivalent of a 720 credit score for personal credit.
No. 1 killer of business is bad cash flow and a lack of capital. Business either grows or dies.
OT
Financial stress is real.
J. Galt - Case Study
Client: Trucking / Transport Company.
Client went from $6900 in credit per month up to $65,000 access to capital very quickly
J. Galt recommends to put half the amount of the cash access in an emergency fund
Client was able to get credit scores of 96+ and total access to credit of $724,000 in under 1 year.
Now the business has less stress and access to credit and can grow.
Client now has access to numerous credit lines โ
ex: fuel credit, Home Depot, Best Buy, Roof Plus, Ford ($200K)
Business Topic: HERE
Investing Topic: https://brt-show.libsyn.com/category/investing
More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Governors Celebration of Innovation
AZ Tech Council
w/ Steve Zylstra + Future Innovators
- BRT S04 EP44 (207) 11-5-2023
What We Learned This Week
Guest: Steve Zylstra, President / CEO AZ Tech Council
https://www.aztechcouncil.org/
https://www.aztechcouncil.org/kfnx_july2021/
Steve Zylstra of AZ Tech Council joins BRT to talk all things technology in the Valley. The Arizona Technology Council is one of the largest technology-driven trade associations in North America, with over 850 members and growing, the only organization specifically serving technology companies statewide. They protect innovators and truly believe that technology moves all of us forward; and are dedicated to the future of Arizona.
Steve Zylstra advocates for AZ tech, as well as his recurring writing about the industry. Steve, and the Council are a major source for updates on technology, business growth, and what legislation is being drafted.
The Arizona Technology Council, in partnership with the Arizona Commerce Authority, has announced the winners of the 2022 Governor's Celebration of Innovation awards. Winners of this prestigious annual award program represent the best of the best in Arizona's technology, science and education ecosystem. This year's recipients were recognized tonight in a ceremony at the Phoenix Convention Center.
"The Governor's Celebration of Innovation award winners represent the pinnacle of innovation and cutting-edge problem solving throughout the state," said Steven G. Zylstra, president and CEO of the Council and its foundation, SciTech Institute. "It was a pleasure to celebrate our winners, as well as the many outstanding finalists, at tonight's awards show. Each year we are so proud to see how far Arizona has come as a leader in technology, science and STEM education."
"Each year, the Governor's Celebration of Innovation awards showcase Arizona's vibrant technology community," said Sandra Watson, president and CEO of the Arizona Commerce Authority. "This year's winners and finalists certainly carry on that tradition. We are proud to partner with the Council to highlight the entrepreneurs and local leaders making Arizona a magnet for innovative technologies."
The winners in their respective categories are:
Future Innovator Awards
ยท Siddarth Adda โ Basis H.S., Scottsdale
ยท Sruti Peddi โ Basis H.S., Scottsdale
ยท Ram Bubby โ Basis H.S., Scottsdale
ยท Baochan Fan
Future Innovator Honorable Mentions
ยท Maya Marie Schwickert โ Texas Women's Univ.
ยท Prisha Shroff โ Hamilton H.S., Chandler
Notes:
1st Half
Steve Zylstra of the AZ Tech Council joins the show to preview the upcoming Governor's Celebration of Innovation
Interviews with Future Innovators Awards Winners & Honorable Mentions
ยท Siddarth Adda โ Basis H.S., Scottsdale
AI diagnostic tool to read for eye disease, uses app on a phone to take a picture of the eye and scan the picture for any disease issues, this can help with telehealth and make the optometry industry more efficient
Siddarth has family who has eye diseases and partially blind
Future Major โ Biology for a Medicine career
ยท Maya Marie Schwickert โ Texas Women's Univ. , Chemistry & Math major
Maya's Science Project reducing LED blue light on wildlife and nature
Thru gelatin used seaweed to create a light cover to reduce light emissions
Career objective FBI analyst
2nd Half
More Interviews with Future Innovators Awards Winners & Honorable Mentions
ยท Sruti Peddi โ Basis H.S., Scottsdale
Sruti's Science Project Built an AI tool that can predict future floods and warn residents 3 days in advance of a high flood area to get away for safety, help people who do not have access to good data
Sruti has family who have farms and experienced the devastation of floods
Future career aspirations is to work in government and public policy
ยท Ram Bubby โ Basis H.S., Scottsdale
Ram's Science Project was to test the affect of UV light on crops to improve crop yields for agriculture, used spinach as a test crop
UV light had good results helping crops grow better vs LED or fluorescent light
Outdoor fields cannot keep up with demand
Future career aspirations is to get a degree in environmental engineering to work in sustainability and more efficient use of energy
ยท Prisha Shroff โ Hamilton H.S., Chandler
Prisha's Science Project was an AI algorithm that can predict blood sugar levels for Diabetics based on inputting what foods they will be eating in their next meals to help manage health and give alternate ideas if not a good choice.
The App User would need to enter 2 weeks of historical data, plus health information to help setup up the process.
Prisha has both family and friends who have diabetes so she has seen firsthand how this info can help daily.
Tech Topic: https://brt-show.libsyn.com/category/Tech
More - BRT Best of Tech:
Best of AZ Tech Council
BRT of Tech 2022
BRT S02 EP52 (99) 12-26-2021 โ Tech for the Holidays โ BRT
Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE
Biotech Shows: HERE
AZ Tech Council Shows:
https://brt-show.libsyn.com/size/5/?search=az+tech+council
*Includes Best of AZ Tech Council show from 2/12/2023
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Best of the Sports Business
- AZ TRT S04 EP43 (206) 10-29-2023
What We Learned This Week
ยท Football Done Right w/ Ex-NFL GM Mike Lombardi
Seg 1 - Clips From:
Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums
- AZ TRT S04 EP38 (201) 9-24-2023
What We Learned This Week
ยท You don't work in the NFL. You live in the NFL. โ Al Davis, Raiders Owner
Guest:
Michael Lombardi is a former general manager and three-time Super Bowl-winning executive, having spent thirty-five years working for the New England Patriots, San Francisco 49ers, the Oakland Raiders, and the Cleveland Browns, and has the distinction of the being the only person to make it to the Super Bowl with legends Bill Walsh, Al Davis, and Bill Belichick in a single career. He is the best-selling author of Gridiron Genius and appears on the top-ten sports podcast GM Shuffle in addition to hosting the daily show The Lombardi Line on the VSIN podcast network. He has appeared as a draft analyst and on-air talent for CBS Sports, Showtime, and the NFL Network, among others. He has written extensively for numerous print and digital media platforms, including NFL.com and Sports Illustrated.
ABOUT THE BOOK
Title: FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL
By Michael Lombardi
"A master class in the history, philosophy, and art of football from a man who has seen it all."
โBill Belichick, Head Coach of the New England Patriots
From "Monday Night Football" to Super Bowl Sunday, the NFL is a dominating force in the lives of millions of fans who tune in and passionately cheer for their favorite teams. And when the games are over, the conversation is just getting started. Who's the greatest player of all time? Which coaches truly shaped the game we know and love today? What was the most unforgettable game? Why is professional football such an undeniable part of our culture?
In FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL (Running Press, September 5, 2023) former NFL general manager and three-time Super Bowl winner Michael Lombardi sets the record straight on these questions and more, taking readers on the ultimate journey through the NFL's history to present his calls on the greatest players and coaches the sport has ever seen. Lombardi has done it allโfrom scout to executive to coachโand with FOOTBALL DONE RIGHT, he tackles all aspects of the sport, channeling his 35+ years of experience with the NFL into an all-encompassing celebration of the game.
Through his incisive analysis, first-person experience, and hard stats, Lombardi makes a definitive case for the most influential coaches and best players, while also honoring the many change makers, trade negotiators, and sportscasters who played an essential role in popularizing the game that we recognize today. Both a full history of the sport and a comprehensive re-imagining of the Football Hall of Fame to honor every deserving athlete and coach, FOOTBALL DONE RIGHT will change the way you watch, discuss, and debate the gridiron.
Full Show: HERE
Seg 2 โ Clips from:
BRT Game Night - The Saban Process + the History of the World Series w/ NYT National Baseball writer Tyler Kepner - BRT S03 EP52 (151) 10-16-2022
What We Learned This Week
Guests:
TYLER KEPNER is the author of the New York Times bestseller K: A History of Baseball in Ten Pitches. He has covered every World Series game of the last two decades for The New York Times. He started his career as a teenager, interviewing players for a homemade magazine in the early 1990s. He attended Vanderbilt University on the Grantland Rice/Fred Russell sportswriting scholarship, then covered the Angels for the Riverside (Calif.) Press-Enterprise and the Mariners for the Seattle Post-Intelligencer. He joined The New York Times in 2000, covering the Mets for two seasons, the Yankees for eight, and serving as the national baseball writer since 2010.
From the New York Times bestselling author of K: A History of Baseball in Ten Pitches, a highly entertaining, revelatory history of the World Series, filled with gripping behind-the-scenes stories from 117 years of the Fall Classic.
The World Series is the most enduring showcase in American team sports. It's the place where legends are made, where celebration and devastation can hinge on a fly ball off a foul pole or a grounder beneath a first baseman's glove. And there's no one better to bring this rich history to life than New York Times national baseball columnist Tyler Kepner, whose bestselling book about pitching, K, was lauded as "Michelangelo explaining the brush strokes on the Sistine Chapel" by Newsday. In seven scintillating chapters, Kepner delivers an indelible portrait of baseball's signature event. He digs deep for essential tales dating back to the beginning in 1903, adding insights from Hall of Famers like Reggie Jackson, Mike Schmidt, Jim Palmer, Dennis Eckersley and many others who have thrived โ and failed โ when it mattered most.
Why do some players, like Madison Bumgarner, Derek Jeter and David Ortiz, crave the pressure? How do players handle a dream that comes up short? What's it like to manage in the World Series, and what are the secrets of building a champion? Kepner celebrates unexpected heroes like Bill Wambsganss, who pulled off an unassisted triple play in 1920, probes the mysteries behind magic moments (Did Babe Ruth call his shot in 1932? How could Eckersley walk Mike Davis to get to Kirk Gibson in 1988?) and busts some long-time myths (the 1919 Reds were much better than the Black Sox, anyway).
The result is a vivid portrait of baseball at its finest and most intense, filled with humor, lore, analysis and fascinating stories. THE GRANDEST STAGE is the ultimate history of the World Series, the perfect gift for all the fans who feel their hearts pounding in the bottom of the ninth inning of Game Seven.
Tyler / NYT: https://www.nytimes.com/by/tyler-kepner
Twitter: @TylerKepner
Book Link: HERE
Full Show: HERE
Seg 3 โ Clips from:
Sports Performance - Train Your Mind to Be Your Best in the Present w/ Alex Auerbach
- BRT S04 EP11 (173) 3-12-2023
Things We Learned This Week
Guest: Alex Auerbach, Sports Psychologist for the Toronto Rapters (NBA)
https://www.linkedin.com/in/alexauerbachphd/
https://alexauerbach.info/
Performance psychologist working with the world's best performers | Building science-backed systems for health and high performance for elite athletes, executives, and organizations
Area of Expertise Include:
ยท Wellness & Performing Under Pressure
ยท Leadership & High Performance
ยท Mindset Training & Systems optimization
Alex is a counseling and performance psychologist currently working as an executive in professional sports. He's been fortunate to work with the best athletes in the world in the NBA, NFL, MLB, and the Olympics. Also with high performers in other domains โ including elite military units, Fortune 500 Companies, and venture backed start-ups.
In addition to his training as a psychologist, he also worked as a college football coach with 2 different NFL Teams. Alex collaborated as part of several venture-backed start-ups, working in a range of roles from consultant to C-Suite. Outside of work, Alex is the father of an incredible daughter, a dog, & a husband.
3 Mindsets that separate the best from the Rest:
Post - HERE
Full Show: HERE
Seg 4 โ Clips from:
Sports Gambling is Legal in AZ & Beyond w/ Adam Candee
- BRT S02 EP19 (66) 05-09-2021
What We Learned This Week
Guest: Adam Candee w/ Legal Sports Report
https://www.legalsportsreport.com/arizona/
https://www.linkedin.com/in/adamcandee/
AZ has just legalized sports gambling, and it is due to go live in the Fall of 2021
Adam Candee is a radio host and journalist who runs the top sports gambling info websites / podcast - Legal Sports Report (.com). He joins the show to talk all things sports gambling. We cover AZ and all of the other states (like NY) who just passed the initiative also, and potential tax revenues.
We talk the big players (Draft Kings, Barstool Sports) and the casinos who have thrown their hat in โ Caesars, MGM.
Adam tells of the history of sports gambling in the US, the growth of offshore books in the 1990s, and what we can learn from Europe's sports betting market the last 20 years.
Full Show: HERE
Sports Themed Show: HERE
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Investing in Real Estate Opportunity Zones
w/ Greg Talcott of Caliber Funds
AZ TRT S04 EP42 (205) 10-22-2023
What We Learned This Week
Guest: Greg Talcott, Managing Director of Sales
LKIN: https://www.linkedin.com/in/gregorytalcott/
Article on Greg: HERE
Experienced sales executive with a demonstrated history of working in the venture capital and private equity industry. Skilled in Securities, Asset Management, Investment Strategies, Equities, Real Estate, and Financial Advisory. Strong media and communications professional, expertise in digital marketing to niche networks such as ultra high net worth individuals. BS focused in Law & Political Science from Arizona State University.
https://caliberfunds.co/
https://www.caliberco.com/
Real Estate Investment Experts
Caliber is a leading vertically integrated asset management firm whose primary goal is to enhance the wealth of investors seeking to make investments in middle-market assets. We strive to build wealth for our investor clients by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities. We market our services through direct sales to private investors, wholesaling to investment advisers, direct sales to family offices and institutions, and through in-house client services. Caliber's middle-market specialty allows the Company to compete with agility and speed in an evolving arena of alternative investments.
Notes:
Seg 1
Preview clip of Caliber Funds
Real Estate Investing -
Many ways to invest in real estate. You could do the DYI method, you buy a property and then manage it yourself as the landlord. You could fix and flip, where you buy a property invest in it do some upgrades, and then flip it for a profit in the short term.
You could buy tax liens and get paid when the property taxes are paid off. You can invest in REITs, real estate investment trust. Similar to a Dividends stock you make money off the cash flow income to properties. There are major real estate investment funds, and this is what Caliber does.
When investing in real estate there are a number of terms you should understand. Analyzing any property you on you need to know what your net operating income is.
To do the calculation you take the total revenue generated by the property minus the operating expenses. Examples of operating expenses are property management fees utilities property taxes, maintenance, marketing and upkeep.
Other terms of note โ
Cap Rate - Calculated by dividing a property's net operating income by its asset value, the cap rate is an assessment of the yield of a property over one year. For example, a property worth $14 million generating $600,000 of NOI would have a cap rate of 4.3%.
ROI โ return on investment
Tax write offs like Depreciation, or expenses
Interest rates for loans, and Refinances
Valuation of property - Net operating income divided by the cap rate equals the valuation
Seg 2
Greg with Caliber Funds
Caliber is an integrated real estate company, that has multiple divisions - dealing from service to construction to investment funds. The company was started 15 years ago by Chris Loeffler out of Phoenix Arizona, and has since gone public.
Greg works in the capital raising division, works with accredited investors, people with high net worth, institutions and family offices.
Caliber has different types of funds, from growth, to income, to a balance of both. Caliber has 2000 Limited partners or LPs investing in their company.
Caliber is considered the GP or general partner, the manager of the deal. Caliber takes on the management of the deal, negotiation, paperwork and bigger risk. For limited partners or LP (the investors), total risk is the capital they invested.
The biggest opportunity in funds right now is opportunity zones.
Income fund deals you invest for 12 to 24 months with an 11% return. More common deals are 3 to 5 years looking for a preferred return where the investor keeps the first 8% then it is an 80/20 split.
Caliber has profit carried interest - Carried interest, or "carry" for short, is the percentage of a private fund's investment profits that a fund manager receives as compensation. Used primarily by private equity funds, including venture capital funds, carry is one of the primary ways fund managers are paid.
Caliber shoots for deals that have a 5-year hold, with an internal rate of return or an IIR of 17%. Part of that is pass-through losses and depreciation, and tax write offs. Each investor in a 5 year deal receives a K-1 each year for their tax return. Fixed income, or note funds investors receive a standard 1099 for their tax return.
Most real estate investments want to get a high return as it is an illiquidity premium. Your money could be tied up for 5 to 10 years so you should get a higher return. For investments that have a lot of liquidity like stocks, you may not expect the same type of return.
Not uncommon after 3 years in a fund, there's a liquidity event where there's a refinance and then a capital distribution back to investors.
Opportunity zones were created in 2017 with the passing of the Tax and Jobs Cut Act. These were real estate areas where there was below medium income, based on 2010 data. There are about 8700 of the zones in the US.
An example could be a distressed part of town or even a college area. One of the locations that Caliber is targeting in Arizona is 80 acres, in and around the Talking Stick location by the 101.
There are many tax benefits to investing in real estate. What the opportunity zones offer is to defer or possibly even eliminate capital gains over the long term.
The way capital gains works with real estate, you have 180 days from a sale to put the sale proceeds somewhere or you need to pay taxes on it. Currently with the law, opportunity zones allow you to defer taxes to April 2027. There is also talk of extending this law to 2029.
Seg 3
Capital gains works like this - long term capital gains is 12 months plus, and it's at a 20% fixed federal rate. Short term capital gains work at 12 months or less, and then you pay your standard income tax rate.
An Accredited Investor is someone who earns $200,000+ per year or has a net worth of investable assets of $1,000,000+. This is defined by the SEC.
Caliber does a lot of education events to teach their investors about their private equity structure deals and how private equity real estate works. They often have webinars, different live events, classes and online videos.
Investing in opportunity zones have many benefits. No. 1 is being able to defer the capital gains. No. 2 is there's a 10 year hold on the investment, and then after that all appreciation is tax free. No. 3 as a limited partner you get the K-1 with the pass-through tax depreciation and other potential benefits. Caliber is the GP general partner or sponsor of the deal.
The way a deal will break out as in the first 5 years you might earn zero, but in the second 5 years with a distribution in a refinance you could earn 50% plus. An example of a recent Caliber deal is they are working on a downtown revitalization of Mesa.
With growth funds you can get the ROI and the tax benefits. Caliber shoots for high internal rate of return (IRR) of 15% plus where you can double your equity every 5 years. After year 5, then an 8% distribution.
The goal is a 2.5x return multiple over 10 years in an investment. Typically a refinance is going to be the largest form of distribution.
Another example of a recent caliber deal was a Shopping Center in north Scottsdale at Northsite & Raintree corner. A high occupancy property (strip mall) which they were able to improve on and get a return of 30+ percent after 2 years. They bought, increased tenants and amenities - then resold the property
Seg 4
Interest rates always matter in real estate deals. Last 10+ years interest rates have been near zero, which has been great for real estate. Now with interest rates going up, you have to structure deals differently.
Caliber brokers their deals very carefully with a 50/50 loan to value. No one deal is over levered. With more equity in a deal, you can get a lower interest rate on a loan. Caliber has a debt load of 33%.
Caliber also has good relationships with specialty lenders and banks. Given the current interest rate environment, a refinance will not be as good as they were pre 2022.
A sale of a good property with cash flow, is always a possibility. Especially, if you get a good enough offer.
Example: Caliber bought a big property at $21 million, then 2 years later they were able to sell it at $27 million - after upgrades lease renewals etc.
Anytime you own a commercial piece of real estate, there's always the risk of no tenants. You want to de-risk the deal and buy a property with a high occupancy rate (tenants). You also get the depreciation and the steady income after the deal is closed.
Rule # 1 - location, location, location. You're always looking for a great neighborhood and the support the local businesses. This provides tailwinds to any real estate deal. You're also looking for any other construction building in the area, for example apartment homes.
Caliber has a few different funds to offer - fixed income, growth fund, core growth and income fund, opportunity zones, and syndication deals.
Syndication Deals are large real estate investor deals that typically are going after bigger properties. Examples of this could be hotels being converted to apartments, or hospitals or hospitality trusts.
Real Estate Topic:
https://brt-show.libsyn.com/category/Real+Estate-Construction-Land-Farming
Investing Topic: https://brt-show.libsyn.com/category/investing
More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of
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AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Efficiency in the Supply Chain by a New Container Invention
w/ Trevor Pan of BidBird
AZ TRT S04 EP41 (204) 10-15-2023
Things We Learned This Week
Guest: Tevor Pan, BidBird
Principal Architect - February 2018 - PresentUndergraduate Professional Degree - Landscape Architecture, Colorado State University, Fort Collins, Colorado 2003
Master Degree - Frank Lloyd Wright School of Architecture, Scottsdale, Arizona 2006
o Twitter
o LinkedIn
https://bidbird.com/
THE FIRST CONSTRUCTION MARKETPLACE, AT YOUR FINGERTIPS.
Trevor Pan, BidBird Founder & registered Arizona architect.
Spending 21 years as an architect immersed in construction, manufacturing, and design, I've built a unique understanding of the construction industry's constant movements and challenges.
I know that construction professionals are exhausted by the RFP gameโand the collusion that can come along with it.
I've seen invasive service platforms that trap users into thinking they're a lead generating machine, but then unethically charge them thousands with no quality results.
When I set off to launch BidBird, I wanted to eliminate the red tape and corruption for suppliers, manufacturers, contractors, and building owners. And when my barber approved the irresistible alliteration of the name, BidBird was born.
BidBird is the new way for construction professionals to achieve a constant-but-necessary thing: capture competitive bids for their materials through an efficient process.
At its core, our mission is simple. We connect construction industry professionals around the country through an honest platform that doesn't cost users unreasonable fees, or their dignity.
With its simplicity comes big things. BidBird is an opportunity to beat out the "big guys" by just a penny, equalizing the hunt for businesses around the country.
We strive to combine high-value jobs + the innovation to evolve with construction professionals' needs to transform businesses, one bid at a time.
Notes:
Seg 1
Preview clip of Trevor Pan
Malcolm McLean and the History of the Container
This leads to a new level of capitalism, modern globalization & wider trade
Malcolm Mclean is the inventor of one of the most major inventions in history that affects people daily. He is also not known by many people despite the impact he has had.
McLean owned a trucking company and he used to ship goods via boat. He'd be waiting on the docks with cotton in the 1940s in early 1950s for hours.
Ships would be docked for a month, as men were loading crates by hand. The same system was being done with global trade and sea trade for thousands of years.
Mclean got tired of this, and trying to figure out a solution to the problem like any entrepreneur. Find a need and fill it.
January 1956 - he debuted the box ship. McLean got a $22 million loan & bought 2 World War II tankers and converted them. In April 1956 the first one sailed from New Jersey to Houston. This cut cost from 5.86 per to $.16, a 95% drop or 36 fold savings.
Oct.1957 - the first real containership Gateway city launched. Trip went from New York to Florida to Texas and then on later to Puerto Rico. Per McLean, 'the ship makes money when at sea'.
In 1963, container ports had been created, by 1966 in Europe, 1967 Vietnam had container service, and 1969 Hong Kong and more Southeast Asia.
McLean got a patent which is shared, called โ standardization, and the standardize size container for shipping.
He created a company, called Sealand Industries - which was then bought by RJ Reynolds. Eventually they were mergers and oil companies that bought out the line and today it's on by MAERSK.
Goods are shipped today for pennies on the dollar, all because of McLean's invention. He changed global trade, shipping, oil exploration, and more. It's a multi trillion dollar invention. It also created port cities like Oakland. Every day it affects all sorts of goods and trades finance, big companies like Walmart and Apple.
Not sure if we would have globalization if not for Mclean. At least not as fast.
More Info on Malcolm McLean: HERE
Seg 2
Trevor Pan of BidBird created a skin for a shipping container. Smooth out the side of the container and stops wind drag and the grooved pockets that are trapping air. It is a panel that is magnetically put on the side of a container.
Saves mileage and fuel efficiency with truckers, likely will have the same effect on trains. Could even help fuel efficiency on freighter ships which are carrying 10 containers stack tie and 1000 feet long with hundreds of containers on a ship.
Trevor started the company in 2020, with his background as an architect. Also has experience in coding and engineering.
He has created construction materials. This led to him researching freight from East Asia to build and create its construction materials. Meanwhile the time during Covid and 2020 shipping rates were off the coast of California with the supply chain issues. Created his container skin and got the patent in July 2021.
Seg 3
Process for an invention
First, come up with the idea, which is easy. Then have to do a patent application.
Now to the hard part, build a prototype. Then to the hardest part - you have to market and sell your initial product.
Find the problem, solve a problem, create the solution, & find a client to sell to.
Trevor did his own patent filing. Trevor had a background already with his design skills and had done a patent for previous inventions. Also did his own legal paperwork. Patents for shipping container scan. Under utility patents, which are patents for machines.
Patent It Yourself - book by Donald Pressman
Normally you would hire a patent agent or an attorney to file your patent but Trevor read the Pressman and did it himself. He was so obsessive, that he actually read a 6 Volume set on patent claims, which was over 2400 pages and took almost 6 months.
Also got a Patent Cooperation Treaty so you do the work one time with filing the patent and then you can use the same patent template in multiple countries.
The Patent Cooperation Treaty (PCT) assists applicants in seeking patent protection internationally for their inventions, helps patent offices with their patent granting decisions, and facilitates public access to a wealth of technical information relating to those inventions.
By filing one international patent application under the PCT, applicants can simultaneously seek protection for an invention in a large number of countries.
He is working on building a prototype to prove that his container scan is aerodynamic and would work on a real road test. He has contacted major industrial companies like Piedmont Plastics to build machine grade plastics. Also used a 3-D printing machine to create a mini prototype.
Trevor has done the math to keep the magnets and panels on the side of a truck driving down the highway at 65 miles an hour.
Regarding the marketing and sale of the product, Trevor actually contacted the top 6 logistics companies in the US and got little to no response.
Seg 4
Big logistics companies like JB Hunt did not even respond to Trevor on his idea.
Trevor has worked to sell his idea organically. He went to Innovation Zero trade show in London as well as a Sustainability Summit also in the London area being put on by the Economist.
He was able to talk with the business and trade department in the UK.
Has a contact who is a trucker, and would rent a raceway to test his prototype container skin on the road.
Have to have flexibility to get a good idea going.
Is also working on buying a shipping container. Researching shipping containers, you can get one for $500 from Russia. Actual cost for a container from the U.S. for about $3000.
Putting together a patent, you have to do a search report to see if someone has an already patented the idea. This takes upwards of 1 year to file a patent.
Trevor also reached out to government organizations about the fuel efficiency with his product. Reached out to the EPA, and their smart way program, to see about certifying the aerodynamic capabilities. The EPA contacted him but is not going to move forward with it.
He also contacted an environmental organization in the state of California and did not get anywhere.
Question: Since Trevor still needs to do the prototype and show a real world road test, is it too early to contact organizations as potential sponsors or clients?
Sometimes the idea is too early, and the world is not ready yet.
Tech Topic: https://brt-show.libsyn.com/category/Tech
More - BRT Best of Tech:
Best of AZ Tech Council
BRT of Tech 2022
BRT S02 EP52 (99) 12-26-2021 โ Tech for the Holidays โ BRT
Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE
Biotech Shows: HERE
AZ Tech Council Shows:
https://brt-show.libsyn.com/size/5/?search=az+tech+council
*Includes Best of AZ Tech Council show from 2/12/2023
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
The Brains of the Tech Industry - Semiconductors w/ Rohan
AZ TRT S04 EP40 (203) 10-8-2023
Things We Learned This Week
Guests: Rohan Raghunathan โ Product Mgr โ Semiconductor Industry
https://www.linkedin.com/in/rohan-raghunathan-1542a94
Rohan graduated from ASU with a degree in Electrical Engineering, and also attended Cornell Univ for his MBA. Prior to working at On Semi in 2019, he was at Pwc as a Management Consultant in tech, and a Product Engineer at Microchip. He also had his own startup called Bioscope.
Notes:
Seg 2
What are semiconductors?
Cost of semi conductors in a standard car used to be around $100 per car. Now with modern EVs it's around $1500 per car, about 10X the cost that it used to be.
There are probably thousands of micro chips in each car. The microchip serves as the brains behind the equipment, all electrical equipment nowadays have chips.
It's the semiconductor micro chips and smart houses, the fridge, locks, ring doorbell. All sorts of devices have chips from an Amazon Alexa to your mobile phone to a tablet to a laptop.
What has changed in the last few years is the size of the chip in the power of the chip. Moore's Law with technology gets more powerful and cheaper every 18 months.
Moore's law is the observation that the number of transistors in an integrated circuit (IC) doubles about every two years. Moore's law is an observation and projection of a historical trend. Rather than a law of physics, it is an empirical relationship linked to gains from experience in production.
The observation is named after Gordon Moore, the co-founder of Fairchild Semiconductor and Intel (and former CEO of the latter), who in 1965 posited a doubling every year in the number of components per integrated circuit,[a] and projected this rate of growth would continue for at least another decade. In 1975, looking forward to the next decade, he revised the forecast to doubling every two years, a compound annual growth rate (CAGR) of 41%. While Moore did not use empirical evidence in forecasting that the historical trend would continue, his prediction held since 1975 and has since become known as a "law".
https://en.wikipedia.org/wiki/Moore%27s_law
Companies like Nvidia make a very powerful microchip, that can process today's AI needs.
Chips are made of different materials. What you're going to see now is chips of silicon carbide that can handle 100 kW up to megawatts. This new type of material and ship will be needed for chargers and EV cars.
Chips need to be faster to handle new technologies like AI. The processing data goes so quick with these recommendation models and the software that learns.
Seg 3
Stocks and the Tech Industry
A lot of tech companies have had stocks that have gone up tenfold through the years so stock options are very common in pay for employees. You could offer the restricted stock unit which is part of the compensation. Tech industry has made tons of millionaires through the years with the biggest example being Microsoft.
How to value a company with your compensation. In this example Rohan previously was at a $45 billion market cap company. He changed jobs last year to a company that's valued between $5 to 7 billion.
If the company is worth $40 billion, it's very hard to 5X, and have the company grow to a valuation of $200 billion. It might have a 2X jump and be close to $80 billion.
Very hard though to grow margins and revenues, especially in the semiconductor industry which is cyclical. So it's unlikely the company would grow 5X, especially if it's already at an $80 billion valuation.
On the other side though for a company that's valued at $5 billion, it could easily scale and grow 5 to 10 X in size and a value up to $50 billion.
The pay setup for many technology companies is very similar with the benefits they get like health benefits, 401(k) retirement benefits, and health savings account. Typically your salary is your pay, and stock part of the compensation. Also a employee stock purchase plan, restricted stock and then usually a cash bonus.
Do you want to create value as you build your career? To be better in your career, you really need to be learning yearly just to keep up with your industry. Creating value plus having specific business knowledge is the way to get ahead in your career.
Semiconductor industry is a very specific type of technology industry. They're creating these micro chips and it takes upwards of 5 to 10 years just to develop the chip and its power output. Then it could take even longer for the fine-tuning and testing.
Seg 4
What is the future of semiconductor industry?
AI is currently the biggest thing in the technology industry and what will happen with automated software the next few years. Taiwan semiconductor or TSMC is working on a sub 10 nm chip. Also the advances in artificial general intelligence.
AI is trying to determine if it can pass the Turing test. This is a set of questions created by Alan Turing considered the original computer engineer from the 1940s. You're basically having a human versus a computer and through this list of questions you can judge whether it's a human or a computer or giving me answers. If you can't determine that then the computer has passed the Turing test and hasn't shaved intelligence.
The Turing test, originally called the imitation game by Alan Turing in 1950,[2] is a test of a machine's ability to exhibit intelligent behaviour equivalent to, or indistinguishable from, that of a human.
https://en.wikipedia.org/wiki/Turing_test
What are you seeing with AI it's broken Moore's law and things are moving faster.
Technology is dealing with the issue of what carbon footprint it leaves as it grows. Many governments have created a mandate to be carbon neutral by 2050. Energy is a big part of this and the transition to clean energy. Major example is electric vehicles.
The natural resources for chips and batteries may not be the best for a future of clean energy. There is a lot of R&D in technology right now to build better batteries and even recyclable materials.
Currently using lithium ion, or cobalt and silicon which is just sand. Also other rare earth elements and common materials like silver.
Electrification of heavy equipment over time, like trains, trucks and construction vehicles will add to more clean energy. The next wave is battery technology charging stations.
The expectation is they will use more material like silicon carbide.
Silicon carbide (SiC), also known as carborundum (/หkษหrbษหrสndษm/), is a hard chemical compound containing silicon and carbon. A semiconductor, it occurs in nature as the extremely rare mineral moissanite, but has been mass-produced as a powder and crystal since 1893 for use as an abrasive. Grains of silicon carbide can be bonded together by sintering to form very hard ceramics that are widely used in applications requiring high endurance, such as car brakes, car clutches and ceramic plates in bulletproof vests. Large single crystals of silicon carbide can be grown by the Lely method and they can be cut into gems known as synthetic moissanite.
Electronic applications of silicon carbide such as light-emitting diodes (LEDs) and detectors in early radios were first demonstrated around 1907. SiC is used in semiconductor electronics devices that operate at high temperatures or high voltages, or both.
More on Semiconductors: https://en.wikipedia.org/wiki/Semiconductor
Seg. 1 - Clip from Rohan's first appearance
Semiconductors & Cars w/ Rohan of On Semi
- BRT S03 EP12 (111) 3-20-2022
Things We Learned This Week
ยท Onsemi & Fresscale were a spinoff of Motorola, IPO in 2000
ยท Many Tech and Car Co's in Phoenix area: Rivian, Lucid, Atlas, Nicola, Intel, Onsemi, Microchip
ยท AZ State has advantages that recruit these Tech Co's - weather, government subsidies, low regs, no natural disasters, no disruption to supply chain
ยท Chip Supply Chain issues โ dates back pre-pandemic, circa 2019, did not keep up with demand, especially cars
Full Show: HERE
Tech Topic: https://brt-show.libsyn.com/category/Tech
More - BRT Best of Tech:
Best of AZ Tech Council
BRT of Tech 2022
BRT S02 EP52 (99) 12-26-2021 โ Tech for the Holidays โ BRT
Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE
Biotech Shows: HERE
AZ Tech Council Shows:
https://brt-show.libsyn.com/size/5/?search=az+tech+council
*Includes Best of AZ Tech Council show from 2/12/2023
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Rethinking What is an Asset
AZ TRT S04 EP39 (202) 10-1-2023
What We Learned This Week:
Knowledge as an Asset
Industry You Work in as an Asset
Your Network as an Asset
Leverage as an Asset
Focus as an Asset
Traditional Investment Assets โ Appreciating vs Harvesting
Notes:
Asset - a useful or valuable thing, person, or quality.
Knowledge as an Asset
Having a particular skill, and knowing how to solve unique and hard problems can be invaluable. If you're an employee or a consultant, you could charge more for your services.
Likewise, if you are well-versed in your industry and you know the right contacts on how to solve problems this can also be very valuable. Your knowledge and expertise creates value. Tony Robbins quote โ 'You get paid for the value you provide.'
If people see you as someone with the answers then you are now in demand. You become the trusted advisor in the net work, your status is raised, and hence you can charge more. The knowledge could be of key contacts, can be information, or key expertise. Bottom line, if you solve people's problems, you become very valuable to them.
The Industry you Work In as an Asset
Is the industry you are in, ascending or descending? Technology has been called deflationary because over the last 40 years it has gone up, from income, to salaries, and to stock prices. By contrast if you were a worker on a manufacturing line you have likely been replaced by automation and robots.
If you have chosen a career in a growing industry, rising tide raises all boats. You could have great success and opportunities for promotion because the industry is 'on fire'.
When choosing careers, you look for industries are trending up
Your Network as an Asset
The old adage - your network is your net worth. Knowing the right people and having good contacts can be a game changer in almost any industry.
'You are the average of the five people you spend the most time with'. โ Jim Rohm
This could be a good mentor or a coach helping your career. This could be a manager or boss who champions you and helps you advancing your career. This could be good professional contacts that help refer business, or can provide funding.
Also, your advisory group who helps you with key decisions and business ideas. You want to be the dumbest person in a room. If you associate with successful people then you have the potential to be successful. Again, rising tide raises all boats.
Leverage as an Asset
If you know how to use leverage - to get more done with less, this can be very valuable. If you can get more done in less time, or outsized returns with less resources this helps to scale wealth and businesses over time.
An example of this is using technology to leverage your time, your schedule, and your output. Numerous apps and software programs can save people hours per week and lots of time over 1 year to 5 years.
Leverage could come in the form of a business loan used to grow your business faster to make better returns. Leverage could be an example of either employees work for you or a virtual assistant who helps save you time so you can focus on your core job.
Focus as an Asset
Understanding what you are good at, and what your skills can give it the most value.
Understanding what industry you are in and how you can help people. Focusing on these core skills, doing only a few things, but you do them very well. It's this focus, and being the best with one thing can be quite valuable.
Diversifying too much in your career can be unfocused, and scattered. Typically if someone needs help they want to hire the best person for the job. Someone who is an expert in that particular field, that they need help.
Bonus - Traditional Investment Assets
How to evaluate, and value investable assets.
Clip from:
Assets โ Appreciating vs. Harvesting
- BRT S03 EP26 (125) 6-17-2022 โ Wealth for Life
Things We Learned This Week
Co-Host: Denver Nowicz, President - Wealth For Life
https://wealthforlife.net/brt/
https://twitter.com/denvernowicz
Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not 'All or Nothing'.
Assets โ Appreciating vs. Harvesting
Assets: Appreciating vs. Harvesting
There are many different Assets you can invest in. Common asset classes are Stocks, Bonds, Gold & Real Estate. There are Alternative assets like Crypto, Art, Private Equity, etc.
The classic idea is you buy an asset as an investment with the idea it will appreciate over time so it is worth more when you sell it. Buy low, sell high. It also may act as a hedge vs inflation. Instead of having your money sit in cash, and lose money to inflation, you purchase an asset that goes up in value more than inflation. What is rarely discussed is the concept of Appreciating Assets vs. Harvesting Assets. What's the difference? Appreciating Assets are the assets mentioned above, where the plan is to buy low, wait for the appreciation, then sell high. You do not capture the gains until you sell. You gain value on paper, but if you wait too long to sell, you could miss the appreciation. Likewise if they lose value but you do not sell, then only a paper loss. Stocks are a classic example. 'If I just sold last month, I would have made 25%, instead of 15%.' You have to time it right. Other examples are Gold, Art, most Crypto, certain types of Real Estate (Land for example with nothing build on it yet). These assets are only valuable when they appreciate, and if you sell at the right time. Harvesting Assets are assets that get interest, or give off profits, or cash flow. You are able to capture some of the gains from the asset. Examples are:
*** Asset value can go up or down in the holding period In fact many of the above Harvesting examples can all be both Appreciating and Harvesting Assets: Rental Real Estate, Bonds, Dividend Stocks, REITs, Cash Flowing Business, Index life Insurance, etc.
Full Show: HERE
More Info on WFL and Tax Free Matching: HERE
Wealth For Life Topic: HERE
Link to Taxes Show on 10/31/2021 w/ Denver: Here
Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here
Link to Shows, Denver was a Guest: Here
Investing Topic: https://brt-show.libsyn.com/category/investing
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums
- AZ TRT S04 EP38 (201) 9-24-2023
What We Learned This Week
ยท You don't work in the NFL. You live in the NFL. โ Al Davis, Raiders Owner
Guest:
Michael Lombardi is a former general manager and three-time Super Bowl-winning executive, having spent thirty-five years working for the New England Patriots, San Francisco 49ers, the Oakland Raiders, and the Cleveland Browns, and has the distinction of the being the only person to make it to the Super Bowl with legends Bill Walsh, Al Davis, and Bill Belichick in a single career. He is the best-selling author of Gridiron Genius and appears on the top-ten sports podcast GM Shuffle in addition to hosting the daily show The Lombardi Line on the VSIN podcast network. He has appeared as a draft analyst and on-air talent for CBS Sports, Showtime, and the NFL Network, among others. He has written extensively for numerous print and digital media platforms, including NFL.com and Sports Illustrated.
ABOUT THE BOOK
Title: FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL
By Michael Lombardi
"A master class in the history, philosophy, and art of football from a man who has seen it all."
โBill Belichick, Head Coach of the New England Patriots
From "Monday Night Football" to Super Bowl Sunday, the NFL is a dominating force in the lives of millions of fans who tune in and passionately cheer for their favorite teams. And when the games are over, the conversation is just getting started. Who's the greatest player of all time? Which coaches truly shaped the game we know and love today? What was the most unforgettable game? Why is professional football such an undeniable part of our culture?
In FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL (Running Press, September 5, 2023) former NFL general manager and three-time Super Bowl winner Michael Lombardi sets the record straight on these questions and more, taking readers on the ultimate journey through the NFL's history to present his calls on the greatest players and coaches the sport has ever seen. Lombardi has done it allโfrom scout to executive to coachโand with FOOTBALL DONE RIGHT, he tackles all aspects of the sport, channeling his 35+ years of experience with the NFL into an all-encompassing celebration of the game.
Through his incisive analysis, first-person experience, and hard stats, Lombardi makes a definitive case for the most influential coaches and best players, while also honoring the many change makers, trade negotiators, and sportscasters who played an essential role in popularizing the game that we recognize today. Both a full history of the sport and a comprehensive re-imagining of the Football Hall of Fame to honor every deserving athlete and coach, FOOTBALL DONE RIGHT will change the way you watch, discuss, and debate the gridiron.
"The stories in Football Done Right reveal who made the NFL into the greatest league on Earth. Michael Lombardi has had success at every level of the league and this love letter to the game is a must read."
โPat McAfee, Host of The Pat McAfee Show on ESPN and Former NFL Player
"For the past 40 years, Michael Lombardi has had a front row seat to football history, working for and advising legendary men such as Bill Walsh, Al Davis and Bill Belichick. Now he has packaged all the greatness he observed into this gift of a book."
โAdam Schefter, ESPN Senior NFL Insider
Notes:
Seg 2
'You don't work in the NFL. You live in the NFL.' โ Al Davis, Raiders Owner
'You can't connect the dots looking forwardsโฆbut backwards.' โ Steve Jobs, Apple
'There is winning, and there is misery.' โ Coach Bill Parcells
Canton, Ohio โ the NFL is formed in 1920 with 11 teams
Mike Lombardi worked in the NFL 20+ years. He worked with some of the NFL grades like Bill Walsh, Al Davis and Bill Belichick. He agrees with Al Davis that you definitely live in the NFL. It is dark when you go to work and it is dark when you get home.
NFL started in 1920, but it wasn't until the late 1950s that it was on TV and started to become a very popular national game. From the 1920s to the 1950s college was more popular than the NFL. People knew their college teams and football was more of a regional sport.
The Five White Oaks of the NFL
These are 5 coaches that Mike has identified that helped to modernize the game. The white oak phrase comes from the movie The Shawshank Redemption. The tree is a symbol of redemption with the deepest branches, like a coaching tree in the NFL.
Red Blaik and the Lonely End
Coach Red Blaik coached at Dartmouth in the Ivy League and then Army.
He is known for the lonely end, or spreading out the wide receivers and using the whole field to play. He coached in the 1940s in the 1950s.
He had 2 very famous assistants at Army - Tom Landry coaching the Defense and Vince Lombardi coaching the offense. Landry went on to coach the Cowboys and Lombardi went on to coach the Green Bay Packers. Both won Super Bowls and are in the Hall of Fame.
https://en.wikipedia.org/wiki/Earl_Blaik
https://goldenrankings.com/footballshortstoryLonelyEnd.htm
Clark Shaughnessy and the T Formation
He coached in the 1940s through the 1960s and is known for modernizing the single wing formation and how players lineup in formations. He created the first real modern passing formations with an emphasis on the quarterback, not the running back being the most important player.
https://en.wikipedia.org/wiki/Clark_Shaughnessy
https://www.latimes.com/archives/la-xpm-1990-12-25-sp-7207-story.html
Paul Brown's Operating System
Paul Brown of the Cleveland Browns, and later the Cincinnati Bengals
He created the operating system and really turned coaching into a profession with specialties. He taught a culture of leadership and instruction.
His most famous assistant was Bill Walsh who will go on to the Hall of Fame as the coach of the 49ers and creator of the West Coast offense which was started under Brown with the Bengals
So many of the modern things we see with football were created by Paul Brown - like the headset for the coaches to call in the play to the quarterback, how play-calling was done and the playbook. He also organized the system for scouting, how you pick players, 40 yard dash and how to profile players.
https://en.wikipedia.org/wiki/Paul_Brown
https://operations.nfl.com/gameday/technology/technology-and-the-game/
https://www.daytondailynews.com/sports/ohio-state-tcu-one-hall-fame-coach-left-mark-buckeyes-horned-frogs/oXTclNvnXMkadYBk4zSdWJ/
Seg 3
Coaches continued
Sid Gilman and the Long Ball
Sid Gilman was an assistant with Red Blaik
Worked with Fanatical Francis Schmidt of Ohio State wanted to pass all the time, but not accepted in Ohio
Developed numerical passing game, passing and play design
https://en.wikipedia.org/wiki/Sid_Gillman
https://www.footballxos.com/sid-gillman-need-know-man-throw-forward-pass/
West Coast Bill Walsh
West coast offense was a philosophy based on ball control offense
Pass the ball early to score, run the ball later to keep the lead
Y motion passing game, QB footwork, and timing of routes
Script plays to start game
Horizontal passing game, the nickel and dime pass with high percentage throws to get the ball to the receiver in space, so then they can run after the catch
https://en.wikipedia.org/wiki/Bill_Walsh_(American_football_coach)
https://en.wikipedia.org/wiki/West_Coast_offense
https://bleacherreport.com/articles/1087386-football-101-breaking-down-the-west-coast-offense
TV & the Power of the Brand of the NFL
TV in the 1970s, there were 3 channels. The NFL Commissioner, Pete wanted to get one national game airing weekly. He contacted all three networks and eventually struck a deal with ABC for Monday night football. Howard Cosell was the fire brand polarizing host.
At the time bowling was the Monday night event, and football ended that. Miller Brewing was a regional brand who advertised on Monday Night Football and become a major national beer brand.
Scouting
Scouting is all about elimination, never about finding. You have to create a set of criteria for players, a profile of the player you want. Just like the FBI creates profiles for criminals. You look for those traits on your profile list.
You know what you're looking for and have a system for finding that player. You eliminate the players who don't fit the profile to whittle it down and find the right player. It's not random or chaotic but an organized system of picking players.
What are you looking for in a QB? Per Mike, the QB has to have instincts and can play the position. Also needs to be a leader and have a work ethic. The QB must be the hardest worker on the team. With those instincts the quarterback has to see what others don't see on the field. Good quarterbacks are born with these instincts.
Seg 4 โ Interview Replay from early 2023
Clip from - BRT Entertainment โ Sports Business w/ Rick Horrow, Aliens & X Files w/ Nick Pope, + Hollywood w/ Corbin Bernsen - BRT S04 EP09 (171) 2-26-2023
ABOUT RICK HORROW
Rick Horrow, one of the pioneers who has shaped the sports industry since 1972, has brought together over 100 industry leaders with insights on the history and future of the industry in his new book, The Sport Business Handbook: Insights from 100+ Leaders Who Shaped 50 Years of the Industry, published by Human Kinetics and now available at Amazon.com and other bookstores.
As CEO of Horrow Sports Ventures, Horrow has been the architect of more than 100 deals worth more than $20 billion in sports, performing arts, and other urban infrastructure projects. Horrow pioneered the public/private partnership and infrastructure branding concepts that, to date, has enticed more than $4 billion in corporate funding to cities and development projects. Horrow's clients have included the NFL, NHL, Major/Minor League Baseball, U.S. Polo, PGA Tour, NASCAR, Great White Shark Enterprises (Greg Norman), Ladies PGA, Professional Golf Association, Major League Soccer, plus multiple pro sports teams in Baseball and Basketball
He has been a key player in stadium, arena, and speedway deals in NYC, LA, Chicago, Miami, Orlando, Boston, Denver, Seattle, San Fran, Phili, Detroit, Cleveland, and many other cities. Horrow has also brought sports and entertainment ventures into Brazil, Argentina and Trinidad & Tobago, among others.
ARTICLE FROM MORNINGCONSULT.COM ON PREDICTIONS, STORYLINES & EVERYTHING ELSE THE SPORTS INDUSTRY IS WATCHING IN 2023
https://morningconsult.com/2022/12/21/2023-lookahead-predictions-for-the-sports-industry/
ARTICLE FROM SPORTSPROMEDIA.COM ON MLB REJECTING SPORTS BALLY SPORTS' STREAMING PROPOSAL
https://www.sportspromedia.com/news/mlb-diamond-bally-sports-rsns-streaming-tv-rights-bankrupt/?zephr_sso_ott=3tmk9Z
Notes โ
Rick Horrow sports professor, book sports business handbook
Major cities want to have sports franchises from the big four. They want to attract big sporting events like golf tournaments, business conventions, the Super Bowl, college bowl games, or an Amazon shipping site.
This has a huge economic impact for a city, plus it gives it constant media and PR when events are located at that city. For example Phoenix is hosting the Super Bowl, and phoenix gets mentioned hundreds of times in a week on TV or thousands, and millions on the Internet and blogs.
It is very difficult to buy the type of PR that you get from media coverage on the big events. This is why cities like Miami, Dallas, Los Angeles, San Fran, Vegas and Phoenix are always being talked about is destinations.
There is a lot of coordination involved along with public investment to get these major events at a city. The governor is involved, county people, and the mayor who usually takes the lead. Cities have departments of economic development specifically for these tasks.
It requires often a vote from the public, as well as public investment. What is going to be the ROI on having an event. What type of tax revenue do you get from travel, visitors, and hotels. On top of that there is community pride, so then people want to move to that city.
Rick is the editor of the sports handbook, and had numerous sports figures write a chapter, and also Coach K wrote the forward. He worked with Jerry Colangelo, Paul Tagliabue former NFL commissioner, Ryan Anderson of ASU fame, and Derek called of the baseball Diamondbacks.
Sports, sporting events and even events around sports have become a CTV. An example of this is the NFL draft or the NFL combine. Sports transcends TV, and becomes a worldwide global event. Radio city music Hall in New York used to host the NFL draft every year. They let that deal lapse and now the NFL draft is a traveling tour every year.
NBA free agency, NFL free agency, has made these sports year-long events. People talk about the trades and the draft often in the off-season. In 2010 it was a major TV event on ESPN called the decision when the LeBron chose the Miami Heat in free agency.
Full Show: HERE
Seg. 1 โ Pete Rozelle and the History of TV & the NFL
https://en.wikipedia.org/wiki/Pete_Rozelle
Alvin Ray "Pete" Rozelle (/roสหzษl/; March 1, 1926 โ December 6, 1996) was an American businessman and executive. Rozelle served as the commissioner of the National Football League (NFL) for nearly thirty years, from January 1960 until his retirement in November 1989. He became the youngest commissioner in NFL history at just the age of 33. He is credited with making the NFL into one of the most successful sports leagues in the world.[1][2]
During his tenure, Rozelle saw the NFL grow from 12 teams to 28, oversaw the creation of large television-rights deals and the creation of Monday Night Football in 1970, oversaw the 1970 AFLโNFL merger and the creation of the Super Bowl, and helped the NFL move from a twelve-game schedule to a sixteen-game schedule. By the time of his retirement, many people considered him the most powerful commissioner in sports.[3] He was inducted into the Pro Football Hall of Fame in 1985.
History of the NFL on TV
https://en.wikipedia.org/wiki/History_of_the_National_Football_League_on_television
Later in 1955, NBC became the televised home of the NFL Championship Game, paying $100,000 to the league. The 1958 NFL Championship Game played at Yankee Stadium between the Baltimore Colts and the New York Giants went into sudden death overtime. This game, since dubbed the "Greatest Game Ever Played," was watched widely throughout the country and is credited with increasing the popularity of professional football in the late 1950s and early 1960s.
CBS began to televise selected NFL regular season games in 1956.
By 1959, big-market teams such as the Bears and Giants had all their games televised, but small-market ones like the Packers and 49ers still did not. Upon becoming NFL commissioner, Pete Rozelle worked to ensure that every team got all its games on TV.
Super Bowl 1
The first AFL-NFL World Championship Game was played on January 15, 1967 between the NFL champion Packers and the AFL champion Chiefs. As CBS held the rights to nationally televise NFL games and NBC had the rights to broadcast AFL matches, it was decided that both would cover that first game. The next three AFL-NFL World Championship Games, the initial Super Bowls, were then divided by the two networks: CBS broadcast Super Bowls II and IV while NBC covered III.
Monday Night Football
ABC also agreed to televise one regular season game per week on Monday night. ABC aired its first edition of Monday Night Football on September 21, 1970. MNF pushed the limits of football coverage with its halftime highlights segment, occasional banter from Howard Cosell and Don Meredith, and celebrity guests such as John Lennon, Arnold Schwarzenegger and Bill Clinton. During its 36-year run on ABC, Monday Night Football consistently ranked among the most popular prime time broadcasts each week during the season.
https://en.wikipedia.org/wiki/Heidi_Game
The Heidi Game or Heidi Bowl is the name given to a 1968 American Football League (AFL) game between the Oakland Raiders and the visiting New York Jets. The contest, held on November 17, 1968, was notable for its exciting finish, in which Oakland scored two touchdowns in the final minute to win the game 43โ32. However, a decision by NBC, the game's television broadcaster, to break away from its coverage on the East Coast to broadcast the television film Heidi caused many viewers to miss the Raiders' comeback.
https://www.hollywoodreporter.com/tv/tv-news/how-much-broadcast-networks-depend-sports-1235143456/
How Much Sports Matter (or Don't) to Network Viewership
Fox and NBC got more than a quarter of their primetime audience this season from live sports, while ABC and CBS are less dependent.
5/2022
Fox is on pace to finish third in total viewers among the broadcast networks this season, with an average primetime audience of about 4.7 million viewers.
The network can thank its various sports rights packages โ the NFL and Major League Baseball chief among them โ for that position. Stripping out sports from Fox's primetime ratings for the season would put the network at under 3 million nightly viewers โ 2.96 million, to be precise.
Fox is something of an outlier among its fellow broadcasters, Nielsen data from the last two seasons show. NBC also owes a sizable portion of their viewership to sports, while ABC likes to tout its viewership independent of it. CBS occupies something of a middle ground. Nonetheless, the outsized effect sports can have on network audiences speaks to why rights to such programming have skyrocketed in recent years. With live sports consistently the most reliable way to get people to watch linear TV (and the commercials that come with it), networks pay hefty premiums to secure those rights and the audiences that tend to follow.
https://www.americangaming.org/resources/how-much-does-the-nfl-stand-to-gain-from-legal-sports-betting/
The NFL's annual revenue may increase by $2.3 billion a year due to widely available, legal, regulated sports betting, according to new AGA research.
The study analyzes the revenue streams that legal sports betting could generate for the NFL: revenue as a result of spending from betting operators on advertising, data and sponsorship, and revenue generated as a result of increased consumption of the league's media and purchasing of products.
https://www.sportsmanagementdegreehub.com/fantasy-football-industry/
Fantasy football is an $18.6 billion market.That's $6 billion more than the current estimated NFL revenue, and 4.5 times the current value of the NFL's top flight team, the Dallas Cowboys. In other words, fantasy football might be more valuable than the real thing.
https://www.statista.com/statistics/193457/total-league-revenue-of-the-nfl-since-2005/
Total revenue of the NFL 2001-2022
In 2022, the 32 teams of the National Football League (NFL) generated a total revenue of approximately 18.6 billion U.S. dollars, which was an increase of over one billion U.S. dollars from the previous year.Sep 5, 2023
https://www.statista.com/statistics/615678/nfl-national-television-broadcast-deals/
Annual value of NFL national TV broadcast deals in the U.S. 2023Published by Christina Gough Aug 31, 2023
As of August 2023, ESPN/ABC's deal for exclusive rights to broadcast Monday Night Football was worth an average of approximately 2.7 billion U.S. dollars annually. This deal, which could last until 2032, was the largest among NFL broadcasting packages in the United States. The second most lucrative deal was Fox's package for Sunday NFC, which had an annual worth of nearly 2.3 billion U.S. dollars.
https://www.foxbusiness.com/sports/nfl-worth-revenue-team-values
While it's difficult to place a valuation on the NFL as a whole, the league's 32 franchises were worth a combined sum of more than $91 billion as of last September, according to Forbes. The average NFL franchise has a valuation of $2.86 billion, up 11 percent compared to one year ago and higher than the average valuations in Major League Baseball, the National Basketball Association and the National Hockey League.
The Dallas Cowboys are the most valuable NFL franchise, with an estimated valuation of $5.5 billion and $950 million in annual revenue. The Buffalo Bills are the least valuable NFL franchise, with an estimated valuation of $1.9 billion.
More on Sports Gambling โ
Sports Gambling is Legal in AZ & Beyond w/ Adam Candee
- BRT S02 EP19 (66) 05-09-2021
What We Learned This Week
Full Show: HERE
Sports Themed Show: HERE
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
Thanks for Listening.
Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional
AZ Bio Week
& Life Sciences Innovation w/ Joan Koerber-Walker
- AZ TRT S04 EP37 (200) 9-17-2023
Things We Learned This Week
Guest: Joan Koerber-Walker President and CEO, AZBio - Arizona Bioindustry Association, Inc.
Chairman, Opportunity Through Entrepreneurship Foundation
LKIN: https://www.linkedin.com/in/joankoerberwalker
www.azbio.org
Bio:
As President and CEO of AZBio, Joan Koerber-Walker works on behalf of the Arizona Bioscience and Medical Technology Industry to support the growth of the industry, its members and our community on the local and national level. Ms. Koerber-Walker is also a life science investor and has served on the boards of numerous for-profit and non-profit organizations.
In the life science industry, Ms. Koerber-Walker serves as as Arizona's representative to the State Medical Technology Alliance (SMTA), a consortium of state and regional trade associations representing their local medical technology companies which she chaired in 2015 and represents Arizona as a member of the Council of State Bioscience Associations (CSBA) and the Coalition of State Bioscience Institutes (CSBI).
Active in the entrepreneurial and investment communities, she also serves as Chairman of the Board of the Opportunity Through Entrepreneurship Foundation which provides entrepreneurial education, mentoring and support to at-risk members of the community, on the Board of Advisors to CellTrust, Inc. which provides secure communication technology to the healthcare industry, and as Chairman of CorePurpose, Inc. which she founded in 2002.
Ms. Koerber-Walker has been recognized as Executive of the Year by the Arizona Society of Association Executives, as a "Most Admired Leader" by the Phoenix Business Journal (2015), in the pages of AZ Business Leaders (2013 thru 2020), Most Influential Women in Arizona Business (2014) and is a 2 time National Finalist for the Stevie Award which recognizes the work of women in business.
Her past experience includes two years as the CEO of ASBA (the Arizona Small Business Association), service as a member of the Board of Trustees of the National Small Business Association in Washington D.C., President of the National Speakers Association/Arizona, Chair of the Board of Advisors to Parenting Arizona, the state's largest child abuse prevention organization, & much more.
AZBio: Supporting Arizona's Life Science Industry for 19 Years (2003 โ 2022)
Learn more about Arizona's bioindustry: www.azbio.org
| Facebook: AZBIO |Twitter: @AZBio @AZBioCEO
We're part of a movement to create sustainable funding for life science innovation in Arizona.
Learn more at www.AZAdvances.org
MOVING LIFE SCIENCE INNOVATIONS ALONG THE PATH FROM DISCOVERY TO DEVELOPMENT TO DELIVERY OUR VISION OF THE FUTURE: Arizona is a top-ten life science state. OUR MISSION: AZBio supports the needs of Arizona's growing life science ecosystem.The Arizona Bioindustry Association (AZBio) is a not-for-profit, 501(c)6 trade association supporting the growth of Arizona's life science sector.
AZBio Member Organizations in the fields of business, research and education, health care delivery, economic development, government, and other professions involved in the biosciences are the key drivers of the growth of Arizona's life science sector. As the unified voice of our industry in Arizona, AZBio strives to make Arizona a place where bioscience organizations can grow and succeed.
AZBio works nationally and globally with the Advanced Medical Technology Association (AdvaMed), the Biotechnology Innovation Organization (BIO), the Medical Device Manufacturers Association (MDMA), the Pharmaceutical Research and Manufacturers of America (PhRMA), and leading patient advocacy organizations.
Through these relationships, AZBio has access to information, contacts, resources, cost saving programs, and the global bioscience and medtech community.
Arizona's bioscience industry is growing rapidly and reached nearly 30,000 jobs spanning 2,160 business establishments in 2018. Industry employment has grown by 15 percent since 2016โtwice the growth rate of the nationโwith each of the five major subsectors adding jobs during the period. Arizona's universities conducted nearly $580 million in R&D activities in bioscience-related fields in 2018, fueled in part by steadily increasing NIH awards to Arizona institutions since 2016. Venture capital investments in Arizona bioscience companies increased in 2019, and during the 2016-19 period totaled $349 million. Arizona inventors have been awarded 2,178 bioscience-related patents since 2016, among the second quintile of states in patent activity.
Notes:
Seg 1
BRT is now AZ Tech Roundtable 2.0
Talking AZ tech scene from AZ Tech Council to AZ Bio to Venture Cafรฉ
Resources and tips to find networking and funding info
Thank you to the tech community for the support and great guests
Seg 2 โ 4
Joan joins BRT to talk about AZ Bio, and their mission to improve life and bio science -organization deals in medical devices, diseases, cancer research. Companies join AZ bio as members, 275+ in Arizona.
What is the ROI in Arizona - $25 bill invested. ROI has been $38 billion in 2021 in economic impact.
AZ ranks about 30th. To get in the top 10 needs to be about $78 billion of economic impact per year. Looking to double the impact ($60 billion) by 2030.
3 D's โ Discovery. Development, Delivery
AZ Bio Week โ 20 Years of Impact - Sep. 25 โ 29, 2023
https://www.azbio.org/azbw2022
Presented by AZBio and the Arizona Commerce Authority
Here are some of the Events & Talks:
Mon. Sep. 26
Critical Path to Women Leading in Science
Please join C-Path for a 90-minute roundtable discussing the Critical Path Institute's programs and consortia, highlighted by various women leaders at this public-private partnership. The team will discuss how C-Path contributes to transforming and accelerating the medical product development process, as well as their personal professional development journey. The roundtable will include an interactive Q&A session, where the audience can ask specific questions about C-Path activities and, more generally, scientific career paths.
Leading Women: Biotech & Beyond
Join us at Perkins Coie for an evening of conversation and connections with our community's leading women as we kick off Arizona Bioscience Week in style!
Tues. Sep. 27
Discovering and Developing New Medicines in ArizonaThe 4th Annual Drug Discoveries and Development Summit will highlight key areas of research in discovering effective drug candidates in diseases such as cancer, COVID 19, aging, nanotechnology, and other prevalent diseases in Arizona while establishing collaborations that enable success in these key areas.
Presented by the University of Arizona R. Ken Coit College of Pharmacy Arizona Center for Drug Discovery and the University of Arizona Cancer Center.
Wed. Sep. 27
AZAdvances Life Science Innovation Fast Pitch
Join us at the Phoenix Convention Center for Fast Pitch presentations featuring Arizona life science innovators then join us for the the AZBio Awards. (AZBio Awards or White Hat registration required.)
The 18th Annual AZBio Awards & Life Science Fiesta
Celebrate with the Educators, Researchers, and Organizations that are making life better for people in Arizona and around the world. Join us at the Phoenix Convention Center as we honor the 2022 AZBio Award Winners and come together to be inspired and reconnect.
Thu. Sep. 28
White Hat Life Science Investor Conference
Join us at the Phoenix Convention Center for White Hat 2022. Accredited investors and investment funds will have the opportunity to hear from and connect with some of the most exciting Life Science Companies from across the Rocky Mountain Southwest Region.
Since its launch in 2014, Companies presenting at White Hat Have gone on to raise $1.6 billion in investments.
Note: White Hat Registration Includes the AZBio Awards and Life Science Fiesta on Wednesday evening.
Fri. Sep. 29
Voice of the Patient
Patients are the reason we do what we do.
Join the conversation on life science innovation from the patient perspective.
This event will be held at the new Creighton University Health Sciences Campus in Phoenix.
Career Panel: Q&A in Nanotechnology, Synthetic Biotechnology, and Medical Fields
Synthetic Biotechnology, Nanotechnology? Doesn't that only exist in Sci-Fi or superhero movies? The short answer is NO! Curious about the journey of what it takes to become a registered nurse or physical therapist in-home care? Your students will surely be at the edge of their seats listening to this panel of professionals. Please join us as Dr. Mario Blanco, President, and CEO of Nanopec, Dr. Rebecca Cook, Research Scientist for INanoBio, Bridget Gessel, Registered Nurse and Case Manager at the Mayo Clinic and Asya Rudikoff, Physical Therapist and Director of Strategy and Innovation for Team Select Home Care, share about their respective fields and career journey.
Ponte Cura: The Bridge to Cures
Ponte Cura is an inspirational celebration under the stars supporting the Opportunity Through Entrepreneurship Foundation AZAdvances initiative mission to advance health innovation in Arizona. The Ponte Cura experience includes a cocktail reception, open air concert, and after party.
This event is by-invitation only and in appreciation of the donors and volunteers supporting the AZAdvances Initiative.
Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE
Biotech Shows: HERE
AZ Tech Council Shows:
https://brt-show.libsyn.com/size/5/?search=az+tech+council
*Includes Best of AZ Tech Council show from 2/12/2023
'Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT
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Please Subscribe to the BRT Podcast.
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
Cannabis Innovation by Ally Biotech w/ Dr. Chuck & Francis
- BRT S04 EP36 (199) 9-10-2023
What We Learned This Week
Guests:
Dr. Chuck Johnson, CSO at Ally Biotech
After earning his BA in Chemistry from Northwestern University and PhD in Analytical Chemistry from Virginia Tech, Dr Chuck refined his craft while working The Procter & Gamble Company, Koch Industries, and Danaher, and expanded his scope of knowledge while working and consulting for DuPont, BATF, FBI, Army Corps of Engineers, Chiyoda Engineering, Toyo Engineering, Japan Gas Company, Yamato, Fisher Scientific, VWR Scientific Products, among others. Chuck brings with him experience with FDA regulatory compliance, LEAN (TPS) principles in Product Development and Manufacturing, competitive market analysis, mergers and acquisitions and technical sales. More recently he has provided consultation services and served as the Chief Science and Operations Officer in the Hemp and Cannabis sectors, including industrial farming, extraction, refining, GMP production, nutraceuticals, and FDA compliance.
Francis Baczek, V.P. of Business Development at Ally Biotech
Francis Baczek serves as Vice President of Business Development at Ally Biotech, a provider of leading-edge bioactive delivery solutions for cannabinoids. Baczek brings significant product development experience in the medical cannabis sector. Since 2013, he has been formulating precision-dosed edibles as lead cannabis chef for Uncle Herb's Health Center, a licensed Arizona operator. Baczek is credite
https://allybiotech.com/about-team/
About Ally Biotech:
Headquartered in Payson, Arizona, Ally Biotech offers highly bioavailable products to leading manufacturers and dispensaries of cannabis products since 2019. The company recently acquired the Chill Pill line of products. The company's Lipofusionยฎ delivery technology combines nanotechnology and liposomal science to speed product differentiation and innovation. Ally Biotech offers product development services, and manufacturing-ready, water soluble Lipofusion THC that can be utilized as a raw ingredient in powder or liquid form in a variety of products. All of the company's products undergo rigorous testing for purity, potency, safety and efficacy at third-party laboratories. For more information, visit AllyBiotech.com. For more information about the Chill Pill, visit ChillPillsAZ.com.
About Chill Pill:
The Arizona-based Chill PillTM brand is an expansive line of easy-to-swallow THC soft gels for the cannabis industry. Formulated using hemp seed oil, Chill Pills are easy to absorb, metabolize, and come in a variety of strengths and strains, with effects ranging from highly responsive to highly relaxed. Chill Pill is owned and operated by Ally Biotech, a company committed to harnessing the power of science to create innovative THC products, such as their patented Lipofusionยฎ technology. For more information, visit ChillPillsAZ.com.
Notes:
Seg 1
Cannabis is competitive and it's all about the product quality. Growing cannabis is a seasonal business.
Ally biotech has been around for two years, circa 2021. Working on a new product called Lipo fusion to be determined one will come out.
Ally purchase a product called chill pill in 2023 and they've tightened up the product with some of their own technology to stabilize the brand. They have three or four products.
Dr. Chuck has a manufacturing and farmer background. SOP of the product is the franchise potential.
Chill pill can be taken and a gummy or sugar edible. THC is 10 g per pill with other variations of 510 and even up to 125 g. Can also take it in liquid form.
They got a nighttime version CBN to stay asleep. Another version CBG daytime to give you energy. Any time product with non-enhanced oil.
There's an ongoing discussion of medicinal use for cannabis, vs recreational. Dr. Chuck believes all cannabis products is medicine.
The goal of the company is to adopt the practices of big Pharma and make high grade products.
Seg 2
They are creating pills, but not smokables. AZDHS or department of health has to monitor every product sold in Arizona.
They have the studies so you can check all the tests and confirm their product is safe.
In reality you can't find tests on prescription drugs, and many drugs are imported from Asia. It's hard to know what the actual quality is.
The chill pill products are made in Arizona using plants that must also be grown in Arizona. There is a strict chain of custody on plant growing as well as all types of test things like examples testing for metals.
The ingredients of THC and CBD actually come from the same plant. When they make their product they buy the extract from other easy growers and use easy labs for testing.
Overall the company has a model that would be easy to copy from the state of Arizona to other states.
Quality of most cannabis products is stagnant per Dr. Chuck. Any cannabis product they're making cannot claim use.
FDA costs are huge to run tests and prove use cases. Very few cannabis companies have the budget to do it. Estimated cost of $15 million to pass the FTA test. Cannabis products are not bad for you.
What most people don't realize is that over-the-counter drugs like Tylenol if you take 2 1/2x the recommended dose recommended dose it can actually be toxic.
Cannabis products you take microdoses, it would take 100 times the recommended doss to be toxic.
Seg 3
FDA and DEA are actually working together. The DEA treats cannabis like any other schedule one dangerous drug, like cocaine or heroin. Yet it does not have the same affects nor addictive qualities.
On schedule 2 are many pain medicines like oxycodone. These medicines are extremely dangerous and can be addictive.
Alcohol though regulated it's not on any drug schedule, it's totally legal and only has age restrictions.
Hundred milligrams per charge 10 per unit. Quick factor female cannabis state to state it's federally illegal when you've committed a crime. No interstate commerce. Cannabis must all be within the state.
It's highly regulated and only legal in about 60% of the states. It is unknown how the DEA will handle cannabis long-term. Arizona has a very viable medical market for cannabis as well as for pain medication.
Cannabis can be used for pain and it is less habit-forming. Medicines like steroids which help a lot of things in the body, also have many negative side effects. Any drug you taking must be careful of the dosage and it needs to be controlled.
Many pain medication's have very serious side effects as well as the potential for problems with overdosing. Per Dr. Chuck you take one chill pill at 5 mg and it will bring down swelling and pain in your body may be failing.
Seg 4
Take too much aspirin you can actually overdose very quickly. This is because aspirin is hard on the liver and can cause metabolism issues. 500 mg plus she took an OxyContin also at 500 mg could wind up having an overdose.
Steroids can do damage to the body but it actually takes a lot of time.
CBD and THC hit different receptions in your body receptors in your body and work well together. CBG actually helps with sleep.
Francis has a very personal story or cannabis treatment helped him with focus. Per Francis also helped relieve tumor size and his cancer treatment a few years ago.
He credits cannabis for a faster recovery. Initially during cancer treatment he was taking Percocet pain pills, also taking nausea drugs which he did not want to. Took Cannabis and it took care of everything.
Francis believes that doctor said prescribe cannabis to get people off opiates.
More information go to life is chill or chill pill a Z. They sell wholesale to dispensaries. No sugar in the product.
Try it for what helps you. The chill drops are the first Lipo products you can put the drops in the water. Go to jars locations to get their product.
Both Dr. Chuck and Francis believe and hope THC will be taken off the schedule one drug listing.
Cannabis Topic: https://brt-show.libsyn.com/category/Cannabis-Hemp-Marijuana
Tech Topic: https://brt-show.libsyn.com/category/Tech
Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE
Thanks for Listening
Please Subscribe to the Podcast
AZ Tech Roundtable 2.0 with Matt Battaglia
The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.
AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.
Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and moreโฆ
AZ TRT Podcast Home Page: http://aztrtshow.com/
'Best Of' AZ TRT Podcast: Click Here
Podcast on Google: Click Here
Podcast on Spotify: Click Here
More Info: https://www.economicknight.com/azpodcast/
KFNX Info: https://1100kfnx.com/weekend-featured-shows/
Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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