Nick Dorsey
@dorse054
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Formerly Global Sourcing @GeneralMills ➡️ @Apple | 🛠️ | University of Minnesota | 1200 lbs club 🏋️♂️| Husband | SMB searcher
Joined September 2023
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265lbs this AM, physique is improving
Lifts are all still near ATHs
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So let me get this straight
Within 3.5 hour drive of SF you can get to:
- Tahoe
- Yosemite
- Napa
- Big Sur
- Muir Woods
- Paso Robles
- Point Reyes
What?
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I’m actually seriously considering voting for RFK Jr.
Any major objections to him that I may not be aware of?
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Sink counter went on today
The trough sink looks a lot better than I was expecting
What do you think?
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This is a deeply personal post. It’s the story of my family, and as a byproduct, my “why”
My family is the Dorsey in Dorsey & Whitney law firm in Minneapolis, I’m the last Dorsey in the lineage, if I were to have no boys the name would end with me. The firm is famous in…
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My dad’s selling his company he spent most of his adult career / lifetime building
People are telling him in a conservative case they will pay 50% of the proceeds in taxes
I think that’s f**king insane, and I’d be fighting like hell to make sure that doesn’t happen
What’s the…
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@alexforbes__
You absolutely crushed this interaction, and your gut feeling is exactly the right one to have. If the man on the other end of the phone is worth his salt he won’t forget that exchange. This is playing the long game
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If you think there should be 100% estate tax , and or think my dad after a lifetime of entrepreneurial effort growing a medium sized business should end his life in mediocrity due to high taxes, GFY!
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Where are the married late 20’s early 30’s year olds with resources, ambition, and healthy levels of humility
I want to be friends
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Officially under contract on a hotel near Sedona, AZ
A boring, plain, old, economy hotel
If the deal fully goes through we’ll end up moving there for some time while we get up to speed on the biz
Biggest thing I’ve ever purchased, time to batten down the hatches
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@VitruvianGent
yeah i really dont care about the "wasted vote" thing. I'll vote for who I think is the best candidate, and thats it
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My parents have this insane cactus in their formal living room that’s been growing for the past 20 years
Have you ever seen something like this in a home?
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@sweatystartup
Better? More enjoyable? Nah, strong disagree
You’re so far out of employee land you must of either forgot or never experienced it
Working as someone’s minion is usually a suffocating experience over a long enough period of time
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26 years ago my dad co-founded with a partner a financial advisory firm based in Minneapolis, MN
Over time 2 more partners joined (4 total), and ~30 employees. Today the firm manages $25b for 340 clients across 19 states, making them one of the top 20 largest financial advisory…
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I quit playing football my sophomore year in college and dropped from 265lbs to 215lbs in 7 months, probably ~10% body fat (never got it measured)
Ran and lifted 6 days a week, cut out all carbs, dairy, and alcohol. Zero tolerance policy
The trigger? A girl, well a couple…
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I watched/listened to this twice, I liked what he had to say quite a bit
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We're looking to raise $250k / 20% equity capital to close this hotel deal in Camp Verde, AZ
We're putting 70% of our net worth into this deal ($850k) and personally guaranteeing it. My wife and I will be moving out to the location to stabilize it post close
We've been working…
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@KevinFleming_
There are sooo many stunning places like Mendocino that don’t make the top list, but are more beautiful than 99% of the rest of the country
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I'm shocked by just how many people have replied to this tweet with suggestions and information
Thank you so much for responding with something here
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We’re in Napa for the weekend, and holy hell
We’ve been to Napa once before but totally missed the main strip
This place is stunningly beautiful
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Woahhhhhh
I just got a scam call from the "IRS"
They were using AI to sound *exactly* like a real person
When I asked if I was speaking with a real person, it responded in a natural way, I had to ask the question twice and only when it repeated the same answer did I realize it…
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This week has been a big one for me on Twitter, getting closer to 300 followers 😊
For all my new followers, it’s nice to meet you!
A bit about me:
- For starters I’m 28 years old. I spent the first 6 years of my career in 2 large companies, General Mills & Apple. Graduated…
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Gut shot…
Just got news that our SBA loan application was denied
Apparently the lenders credit requirements for hotels changed mid process for us. Shifting the goalposts
We’re now scrambling coming up with some alternative solutions
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You guys are fcking awesome
I’m in shock this went kinda viral. Unreal
My dad’s not gonna believe it 😂
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There’s like 10 of you who engage with me regularly
I just want to say, if I never got another follower, and all my other followers unfollowed me, I’d still log into this app to interact with you guys on a daily basis
Y’all know who you are 🙌
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@WebDevLex
to each their own. If you think it's moot, that's you're right. I'll be voting for whoever I think is the best candidate
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@jajathegreater
He stopped using when he was 28, he’s 70 now
I think it’s fair to say that’s a non factor for him at this point
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- Gets on Twitter to engage with ReTwit community
- Very few people from ReTwit engage (still, sadly)
- End up getting into SMB Twitter, and many more relationships are formed
Adjacent communities, but I'd argue distinct from one another
SMB has been easier to connect with
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@sweatystartup
Did you tell them about maybe adding an amenity like a deck or a hot tub to help drive occupancy rates?
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I didn’t post this to garner pity (I don’t need it)
I shared this to A. Open myself up a bit here because I believe genuine relationships are built by sharing genuine experiences, and B. Selfishly I’ll admit, to begin to tell the story from my POV, which if anything is a luxury…
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@SullyBusiness
@Jason
Honestly Jason has most likely never experienced what she’s describing. I have, and friends of mine have and it suckss. Seeing the days of your life flip by like you’re in a fast fwd state. It’s depressing. I have empathy for her
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On that post I made about RFK Jr. I mentioned that I’d much rather vote for Trump than Biden. This is why.
I grew up in an extremely liberal household
My grandpa on my dad’s side came to prominence in law by his work in civil rights in Minneapolis. He was a lifelong democrat.…
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Even at my humble X account size I can reach a huge number of people across a very broad range of disciplines
I need an accountant? A lawyer? A banker? A broker? A partner?
I can connect with highly competent people in each of these categories within minutes 🤯
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We’ve received an over asking offer on our house, and are now under contract only a few days after listing
52% appreciation in 5 years
$7k initial investment to get into the house. Net proceeds = ~$110k
Pretty great outcome. Shows the power of real estate
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In these last 5 years my wife and I have moved 4 times
2017 Minneapolis > 2018 Mountain View > 2019 SF > 2023 Sierra Nevada foothills. All major changes on a number of levels
Each move has been a blessing, and made sense to do at the time, but they’ve come with a price. Make…
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@vcouto8
@sweatystartup
Haha yep. When you’re the leader you’re actually the biggest servant. UNO reverse 😅
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This is an actual parcel... who does something like this
Tough part is that it's in a great area for a good price 🥲
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I really appreciate everyone who’s reached out through comments or DMs over the past 24 hours trying to help in various ways with the hotel deal we’re working on
Ultimately it comes down to me. What do I think of the deal. Am I assessing it through the lense of my own ego? Am I…
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They said my bathroom was ugly 🥲
I’m crying on the heated floors 😭
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Wait… The ROI on this has to be crazy. Could you not just put these everywhere?
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@AidenTyler
It’s rooted in the name. My last name has weight *to me*, and there was an absence of care shown towards those who carry the name past them. Difficult to express in detail in short form
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We find out Tuesday this upcoming week if we’re approved for our SBA loan (or not)
How to take my mind off it between now and then 🙃
I believe I’ve done everything I can, left it all on the field. Now we wait
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@jasongeater
On the contrary it’s patriotic and American to fight to pay as little taxes as possible
In fact the entire creation of America itself was founded on the pursuit of that
There’s nothing patriotic or American about paying more taxes than absolutely necessary
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@Molson_Hart
Just because someone later chooses to dox themselves does not give you permission to do it
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If I post the financial summary of the deal will you guys provide some input? Maybe you think this is a shit deal, if so you can let me know. I don’t want to post it if nobody cares 👉👈
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@amyvanwinkle
DUDE I did the same, I'm glad someone said it
The ego is so big I'm pretty sure Elon needs to build another data center just to house it
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Alright guys, I’m starting a cut
Current weight: 278
Goal weight: 255
End of March is the goal. We’re counting macros as of yesterday
Let’s get after it
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Submitting a big offer on this place tomorrow morning. I'd be lying if I said I wasn't scared
Primarily will be an STR, but has a commercial mixed use zoning so can be used for weddings
This is a giant offer for us, much bigger than anything we've done before, so praying we…
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It dawned on me today that I could buy a commercial facility management company (HVAC, Cleaning, MEP) and directly leverage all the experience I gained at Apple bidding all that work out
Hmm 🤔
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Idc how rich you are
You’ll never be richer than a guy in the Midwest on a pontoon with his wife and a dog
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@mindfullyemily
Dial the effort knob down on the work *giving*, and dial the effort knob on yourself up *taking*
You will be the most effective, best force for your team when you have a good balance with what you take
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@davegordon14
@DavidSacks
Ukraine is an ally? Since when, and how? I've never heard about Ukraine in American mainstream media ever until this war
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The more experience I get, the more I think the only skill that really matters is the ability take a big problem, break it down into small actionable steps, and communicate those steps to yourself and others clearly
Everything else is a derivative
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My contrarian (and still novice) take on the hotel industry / travel economy in the coming years
There’s been a ground swell in higher end, experiential stays for affluent travelers in recent years
We see that all over social media, and as aspiring entrepreneurs with big…
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@SBA_Matthias
imo it’s not really just about the immediate SDE
It’s about the scalability / future potential. Most people leaving the type of role you described probably understand they’re not replacing their full income Y1, but the upside in 5 years is 10x bigger than their W2 comp
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@WaterWellWoman
Key takeaways
1. Consult with a tax advisor EARLY. The agent helping with the sale doesn’t care how much taxes you pay
2. Effective tax rate is closer to 30-35% not 50%
3. An option is spreading the payments out to get preferential tax treatment
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As a 6’5 male who gets asked constantly how tall I am by 5’7 men, I can’t really describe to you how inaccurate this is
When I go to a bar there’s usually 1-2 guys who puff up their chest and get aggressive with me despite me staying quiet and minding my own business
Ever notice how 5’7 men exude PEAK masculine charisma?
They just have a gusto to them that sweeps up any room they enter
Guys like Robin Williams
Tom Cruise
Pitbull
James Dean
Psy op of modern times is that height matters for dating
Nope
All about ur gusto bro
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@moseskagan
Placing a trash can in a park will require a minimum of six $100k per year positions to discuss and provide safe spaces for one another and ultimately decide that the trash can will not be feasible at this time
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My brain is fried from all this hotel stuff
Franchise agreements, PIPs, expense ratios, cash flow planning. It’s so much information
But, I know the learning curve is steepest *right now*
If we can takeover the hotel successfully and stabilize cash flow year 1, there’s no…
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Whelp, this just happened
Everybody’s okay, but would be lying if I said this wasn’t scary
Good thing I was holding onto the roll cage and nobody else was in the vehicle
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Hey while you guys are here (this is unrelated to my dad)
I’m looking to buy great STR/s preferably 1-2 larger properties in great locations. Around $2m in purchase price total
If you have deals please slide into my DMs
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Between my wife and I we have ~20 years of experience working corporate roles in Fortune 500 companies. I’m 28, she’s 30
We’re pretty tired, albeit still ‘young-ish’, but we’re also now wealthy. We sacrificed an insane amount of our time and “mental health” early on. Now we’re…
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Today I did some fence repair around our property, went and met up with an industry friend at their vineyard (vines are waking back up so lots to do), rescued a couple lost dogs, advanced our deal on the lending side materially, and now am hitting the sauna for recovery 💪
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@CharlotteFang77
You’re oversimplifying this down to a matter of inheritance, which at its root is missing the point. It’s not a function of money being handed down that is challenging about this, it’s that there’s no living legacy for me to carry forward. In some ways I actually agree with you…
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In unrelated news to the deal, our bathroom is officially done 🙌
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We're buying this hotel, stabilizing it in 3 months, and then renting a place in SF
I want to split time between the mountains and the city
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