Adam
@AdamChudy
Followers
3,201
Following
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Media
439
Statuses
6,547
Bootstrapped 2 7-figure ecommerce brands. I tweet about starting, buying, investing & operating SMBs, ecommerce & operating on amazon (some razorback football)
Joined September 2010
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@volodarik
This tweet is… in bad taste. Should not brag about growth and profit as you do layoffs.
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@volodarik
Building in public is not the same as tweeting out layoffs but making sure everybody knows the business is still doing great in same tweet. But you do you.
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@volodarik
It reads as callous and focused on the wrong things. It wasn’t about your mistakes or about how great the employees were
You specifically chose to combine a humble brag about ongoing growth, success and profit with layoffs. Same tweet
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My favorite business conversation of the week - Organic farmer needs to heat his worm warehouse. Rather than pay $1,500 a month in heating bills, he's set up Bitcoin mining rigs in warehouse to keep the temp at a balmy 70-80 during Nebraska winter.
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Here’s a fun little business I’ve never seen before and I guarantee printed cash last night.
A u-haul becomes a mobile purse room outside a concert that doesn’t allow bags. $10-20 a pop for 6 hours. Hundreds of purses.
How do you get the contract with the arena though?
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@rex_woodbury
zero chance. not reflective of human nature at all unless we've replaced booze with some healthier thing with similar properties by then.
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I think there should be legally huge monetary penalties to doing this to people.
If they’ve already given notice to their current job you’ve completely screwed up their lives. they may even have sold homes, moved, kids in new schools, etc…
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@mysteriouskat
She's 5'1 & weights 100 lbs. That's literally a sub-1% outlier at the far left of the male height/weight distribution, ignoring the other male/female differences like bone density & strength
If you found a 100 lb unfit man, she'd probably win. But there's not really any of those
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@rhcm123
They’ve progressively stopped failing people over the past 20 years. Nobody gets expelled or failed. It’s a feature not a bug. Since Covid the kids noticed
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A buddy has a lake house with a lot of land in a prime spot near Houston. Grandfather put it all in a trust plus $ for maintenance and taxes. Can't be sold
I like the idea of using $ to create generational cohesiveness. I'm sure the family sees each other 10x more because of it
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@churrascooooo
I’m in my 30s with kids. We regularly see guy friends. Y’all need to make more effort
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@SMB_Attorney
I think she handled it fine. Don't tell her its performance with no actual data or reason with HR people she's never met who know nothing.
This is just a better version of "name names" that everybody asks for.
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Spouse salary, the unsung hero of entrepreneurship.
2) gf, now wife had a great salary
As a team she allowed me to pile the risk on and made a huge jockey bet that I wouldn't fail in a high attrition business. While there is structure to brokerage, in a lot of instances you're taking on entrepreneurial risk and really grinding a
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@MsMelChen
She’s literally complaining about her commute. She’s mostly upset she can’t live where she works. Which is a policy problem.
What is wrong with all the 40 and 50 something’s dunking on this?
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@wanyeburkett
I would have bet money your thought on this would be, “yes in society it’s completely normal to be more restrained in public (in all ways) because adults try to avoid creating a scene”.
Being in public adds an extra check to behavior.
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@AdamSinger
i checked so you don't have to - degrees in criminal justice and psychology. Could not have chosen worse.
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Just sold a car I bought 5-6 years ago for more than I paid. Mileage has almost doubled. Do with that info what you will.
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@Bill_Rhodes54
@miabenetti
@welchgrapesrus
You can’t fix hurricane risk. Your insurance is based on reality.
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Japan is an interesting case study of what happens when your population just stops having kids.
14% of the housing stock is abandoned, heading toward 30%.
US real estate industry wouldn't know what to do.
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@FiSurgi
if a study violates all logic and common sense by a crazy margin, that study almost always ends up being shoddy or wrong.
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@SimoneKadden
@benyt
Every sports star ever. 5 minutes of effort could show you dozens of these across all sports
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@damintoell
@ElijahSchaffer
So your argument is he died early enough in the altercation that the head stomping into the pavement shouldn’t count?
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@mattyglesias
pretty sure anybody who works from home is happy about less commuting and more flexibility?
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@Empty_America
a suit and tie are still worn by pretty much all governmental and corporate leaders at any event of importance along with weddings and funerals.
I don't think its going anywhere for a long while.
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Buying an SMB isn't the sure thing that twitter makes it sound. A friend recently sold his ecom business to an experienced corporate exec, looking to do something different in retirement. He took out an SBA loan about a year ago. Here's how it went: 👇
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@natereed
@NipseyHoussle
I’ve got multiple friends in Austin who all admit even with their great salaries they couldn’t afford the neighborhood they live in now. Changed crazy fast
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Incredibly long but well worth the read. The kind of thing I think about as we are without family in Texas compared to my giant clan back in Arkansas
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@JulieChangRE
Literally almost everything on this list could be cut in 1/2 or more except utilities gas and groceries if they’re wanted. This is just lifestyle choice. By any normal salary level it’s all “wasteful” if they actually cared about savings and investment.
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If you can’t find hourly employees you probably need to up your game.
Texas in a low cost area and you can get $15+ to run a register.
plus healthcare, 401k and more vacation than I had for first 3 years in corporate America.
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@Austen
It’s not that hard to do the right thing. Call it a layoff and not a performance issue. Have someone’s manager on the call or tell her they’re also no longer with the company.
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@RitaPanahi
Being mocked and derided by former friends and colleagues and sticking to your opinion is not a sign of brokenness. It’s a sign of moral clarity, even if you happen to think he’s wrong.
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@rchitectopteryx
@Bullitt315
@wanyeburkett
It’s not weird if you have 3 kids who are likely to run into a parking lot while you get the next one out.
It’s for all of 30 seconds so you can get the next kid out. Parking lots are incredibly dangerous for a small child
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Just got a 30 year refi on an investment property at 3.6%. All my money back out in under 24 months with no improvements and a small rent raise.
Pretty sure that's not supposed to be that easy
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@shagbark_hick
People have to live where the jobs and careers are. We have a problem that all areas of opportunity are prohibited expensive. People don’t want to give up on their future for a cheap house in a dying town.
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@Hieraaetus
@lymanstoneky
It’s also about to be as oil rich as a small middle eastern country.
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12 - I used to buy 100 packs of blank cd's, take music playlists, download the songs off napster or limwire, burn the cd for $5.
No one under 30 understands this tweet
Age of earliest entrepreneurial experience, and what was it?
Me: 14
Making and selling hand-made wooden pens.
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Not going to lie, seeing some of my twitter favorites putting out video courses for a couple of grand feels a bit gross. If your 1/2 way to wealthy, why charge that much for something with zero marginal cost? I'm open to being wrong on that.
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@rchitectopteryx
@Bullitt315
@wanyeburkett
I’m not claiming it’s the most common strategy. I’m say as soon as I saw it, it was super obvious what he was doing.
My first thought was “oh that’s clever, I’ll remember that”. Parents are always going some affirmative command to get their kid not to do a negative.
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@WilsonCompanies
Is this my get canceled hot take? Golf is boring, expensive and takes 2 hours too long
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If you you use overseas employees in countries that are less affluent, ask to see their work setup. Its often a terrible situation.
If needed Buy them a decent pc, dual monitors and a desk. Productivity improves and you probably just became the best employer they’ve had
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As we build our primarly holding company, small real estate is still a side project, but I think I'm a good example of what can be done in your spare time. A tiny thread for those not ready to scale to the level of
@moseskagan
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@the_transit_guy
These really show over and over that my prior understanding of "our cities were built later and for cars" isn't accurate.
We just tore ours down and europe didn't. I don't really understand why though.
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@SultanofStorage
Some of the most fun of my childhood were afternoons playing Mario cart, goldeneye and super smash with the boys.
And I loved sports and was always outside. Lot of very strong video game hate on Twitter
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@ccmembersonly
“Let me talk to my wife” especially if you have kids is just common courtesy. We have shared schedules, responsibilities and social calendars.
It’s about communication not permission.
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@mhp_guy
Better than Houston? All the same negatives, except we have dramatically better restaurant scene and we're 40 minutes from the beach. Our winters are also 60-70 degrees while its actually cold in dallas.
Neither are ideal
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@DolioJ
@jakeisacrazy1
No it’s not. Every organization of every type on the planet has basic standards for professional and appropriate communication. Setting that standard is not banning speech. Especially not the public’s speech. Your principle is being incorrectly applied
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@itsurboyevan
That’s a low bar to disqualify somebody. Clearly he meets your stated criteria at a high level.
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@TreyBiddy
I really glad we announced early that Pittman would be back. That was a genius move by our AD
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@Noahpinion
Funny how no one protests that… and then it will be forgotten and everybody moves on
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@Molson_Hart
I probably wouldn’t post this, but not sure I agree it’s “doxxing”. If every single real estate person on Twitter has literally met the guy because he actively does events and press. That’s not really taking being anonymous very seriously
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@lulumeservey
@Austen
@delk
@evisdrenova
It’s helpful when your interviewer is highly uninformed and asks zero hard questions.
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@bballbreakdown
He’s jumping from way too far out because he wanted a poster. He’s out of control in the lane.
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One of my recent takeaways from
@FoundersPodcast
:
If you have leverage on your IP, focus on a sales royalty over a big exit only.
Jordan - 5% of Jordan sales - $180M/yr
Chanel - 2% royalty on her perfumes - $300MM/yr
Spielberg - 2% ticket sales at Universal theme parks -
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Everybody talking about Apple buying Peloton. I think the real sleeper would be Netflix. Fitness sub's is a great value-add to their subscription model and provides an angle into hardware.
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@ZacSolomon
literally the most popular outdoor spot in the whole city. Could be mostly college kids and bar workers and still wouldn't tap 1% of them.
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@proetrie
my guess would be you only notice the women that have significantly overdone it and don't realize a huge percentage of the ones you find attractive have small to moderate amounts.
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@SMB_Attorney
I worked on a ton of contracts when I worked in Fortune 500 companies with “top tier” law firms. Literally never saw a document turn in anything other than word with track changes on.
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Put in an offer today on a 13 unit portfolio today with a lot of upside. Small deal but this one has some interesting levers to pull as well as a some rehab work we haven’t done before. Will be a learning experience if we grab it
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@Empty_America
something else in his vibe is doing it. I’ve known plenty of very thin straight guys. They don’t code as gay because of their weight.
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@wanyeburkett
I personally like that she pushes back aggressively against their narrative of “for cause” which is them making a legal maneuver.
They’re likely in violation of California law for how layoffs are supposed to be handled.
She doesn’t owe them a polite or quiet exit.
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@SoCal_BB
1 - if its free, probably
2 - if it's a top 10 MBA and you want to use it for access to high-finance or a couple other areas that don't have other entry points.
Otherwise, waste of time.
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@adcock_brett
Companies caused this by making it so much more lucrative to leave than stay. People follow incentives
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Wall Street Bets has to be the most fascinating thing on reddit. A group of anonymous guys on the internet with a playbook of screwing pro hedge fund shorts on stocks and winning repeatedly in view of everyone. Definitely hasn't been done before. $GME hit $70 briefly today.
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@SkillTreeGaming
@AdamSinger
i'm sure she's trying to get white collar office jobs. She mentions tech companies. Highly doubt double degree from a liberal arts college in Jersey wants to be a cop.
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@dpherriges
Places like Houston have absolutely monstrous levels of infill building that doesn’t look like this too.
Apartments going up everywhere. 12 Town homes replacing single family. It’s not just suburbs
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@SeanODowd15
Most jobs don’t require extreme intelligence. They require average plus desire to work hard and be consistent and diligent.
Seems like more of a job question than a candidate question
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@AdrianCJax
It is not great for a 6 year old to be up at midnight at daycare so you can go party.
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One of the more interesting
@tferriss
episodes in a while with a guest I hadn’t heard of before
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@Empty_America
Tim Ferris did more to change the face of entrepreneurship and work than maybe anybody in my lifetime.
That book impacted basically every entrepreneur over 30 that I know
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Boy there is a big DTC business here for whoever cracks it.
Who will be the Get Roman of hearing aids?
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@RealWildhog
Waltons are the single best thing that ever happened to the state of arkansas and NWA.
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@gwh1tehawk
@MsMelChen
Or it’s because we’ve severely restricted housing in major cities that people want to live in
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@DouglasDowellJD
@FiSurgi
Nutrition and psychology are notoriously bad. Incredibly difficult to isolate particular parts of self reported diet for analysis.
From a quick glance at the summary, it’s self reported. Only requires TWO dietary recall questionnaires in a YEAR.
No other factors were
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I need this guy to just stand next to my fridge
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@chrisxmunn
99% in SMB twitter are posting the equivalent of "all i do is win" day in and day out. They may say its risky but nobody ever talks consequences.
The number of "i took a guarantee went to zero" posts are basically zero.
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Gyms with high quality child care for a couple hours is a parent hack I don’t hear people mention.
Definitely should have signed up for one earlier
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is this what saas is like
@girdley
? $750MM valuation at $12MM revenue? I'm in the wrong game
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Word on the street is a number of missed earn outs from people who sold to amazon aggregators, mostly because the aggregator couldn't manage to keep stuff in stock the past 18 months.
Down bad.
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@SullyBusiness
And this is why
@moseskagan
talks about how he can’t afford to give anyone without flawless rental history, credit and high income a shot
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That kill you by itself. Could probably survive at these lower margins, EXCEPT he's loaded with SBA debt. His lower margin is now negative cash flow (by a lot)
Desperate for my friend to buy it back or help with costs or he's headed to personal bankruptcy in his retirement
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Here's a stat worth paying attention to in ecommerce.
Amazon sales are down 4%
Advertising business grew 18%
3rd party sellers get squeezed.
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@JacobScottDavis
Crazy that you can look at our line this year and go “ya let’s hire that guy”
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The Chinese brands have found the laundry space. Race to the bottom as they're all priced at or below break-even.
Hard to find a niche they don't burn down.
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