Podcast Notes Playlist: Startup

My guest today is Jeremy Giffon. I spend all my time trying to find people who have some “singularity” to them. People who seem like they can do an N of 1 something. Having spent many days with Jeremy recently, he strikes me as one of those people. He was the first employee and general partner at private equity firm, Tiny, which buys and holds internet and technology focused businesses. Prior to that, he was on the founding team of MediaCore, which was acquired by Workday. The focus of our discussion is about esoteric opportunities that exist in private markets. How misaligned incentives and co-ordination problems create special situations for people like Jeremy to invest in. The rest of the conversation is wide-ranging and covers everything from compensation advice to meeting your heroes. Please enjoy my discussion with Jeremy Giffon.

Founders Podcast

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

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Show Notes

• Be the same person at work as you are at home 
• Earned success is the key to happiness
• Understand that reality hits you at every moment and that there are costs to not embracing it
• Understand what it is you are actually betting on when you make an investment 
• Write about the topics that you actually care about; do not write about what you think someone else will think is interesting 
• “It’s easier to hold your principles 100 percent of the time than it is to hold them 98 percent of the time.” – Dr. Clayton Christensen
• Leaders often spend more time worrying about the 95% of people delivering 10% of the value compared to worrying about the 5% of people that deliver 90% of the value
• Your role as a leader might be to find a handful of people that will change the trajectory of a company 
• “The main thing is keeping the main thing the main thing.” – Jim Barksdale
• Good decision-makers do not confuse activity with insight 
• You can bounce back from any mistake other than a mistake of integrity 
• “I think all you can really do as a leader of a company is have people believe that the decisions you’re making are always in the best interest of the company.” – Ravi Gupta 

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• Capital providers are waiting for interest rates to stabilize prior to coming back into the real estate market
• Despite how it may seem on Twitter, it is actually really hard to make money in the real estate business
• Class A storage is branded as “nice storage” but it requires renting a truck, moving your stuff with a dollie, putting it on an elevator, etc. 
• As interest rates rise, the people with the capital can now park it in treasury bills and earn 4-5% “risk-free” instead of allocating to real estate ventures 
• The risk-free rate is no longer 0% like it was for much of the last several years
• Many real estate investors, accountants, and CPAs are not aware of cost segregation
• Any real estate that people have bought after September 2017 can still be cost-segregated, or “cost-segged” by filing a Form 3115 
• Cost segregation is effectively borrowing money from the IRS and works best when you plan to hold the property for several years 
• You get a look into someone’s brain when you follow them on Twitter
• Sharing what you know on Twitter can pull forward your career trajectory by twenty years 
• Twitter is a modern-day business tool to build trust and friendships at scale
• The ability to simplify complex topics and share that with the world is a superpower 

Today’s episode is a repost from The Fort podcast by Chris Powers that originally aired on February 16th, 2023. I sit down with Chris and my business partner Mitchell Baldridge to discuss the current real estate market, how Twitter changed our lives, and Mitchell and I’s new business RE Cost Seg.

Chris is a mentor of mine and I highly recommend listening to his podcast, The Fort. https://www.thefortpod.com

If you want to learn more about RE Cost Seg, please click here. https://www.recostseg.com

Thank you and I hope you enjoy the conversation.

FREE PDF - How to analyze a property and know what it's worth: https://sweatystartup.ck.page/79046c9b03

Check my free resources about Real Estate: https://sweatystartup.com/courses/

Check out my free Delegation / Hiring 101 course!
Click here: https://nickhuber.podia.com/delegation-hiring-101

We're hiring! Visit:
https://sweatystartup.com/hiring

Check my free resources about Real Estate: https://sweatystartup.com/courses/

Read the full show notes here: https://sweatystartup.com/series/the-nick-huber-show/

Join my Real Estate community here: https://sweatystartup.com/rec

Special thanks to the sponsors:
• https://junipersquare.com
• https://recostseg.com/

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Have some questions? Send me an email and I'll feature you in the next episode: [email protected]