Bankers

“I think it is insanely unfair to the companies the way they're forced to go through this process where The bankers pick the price and pick the shareholders. There's just no need to do that.”

“That giant sucking sound you're gonna hear in the markets, you know, this May and June is, is, Bankers running around asking for eighty billion dollars, which, by the way, I think they'll get.”

“The problem is bankers are still just pricing based on what things are worth when they should be pricing based on, like, mimetic warfare and, like, community shit to get the bump and let the degens pay the price, right, for their silliness.”

“It's like, bankers make less than lawyers now, which is always my favorite fact, which is kind of a great statement at the moment, which is like, the world's transparent enough and everything is about legal warfare, and so the lawyers are making more than the …”

“A little birdie just told me that they spoke to a number of bankers that have not heard of the perplexity deal”

“My mental model on the dinner is the bankers have just screwed you over for a buck a share, and in return, they buy you a very expensive dinner, and they liquor you up so you forget.”

“So we see it as banks doing more deals with the same number of bankers than banks doing the same number of deals with fewer bankers.”

“So once you're selling to PE, I would say absolutely use a banker, 10 out of 10 times, because that's like a tried and true method of like a data room and a management presentation and like a whole dog and pony show.”

“They usually mess up that first part. Like they, I mean, the investing is a pattern recognition business. They, you know, bankers don't want to sell to them because they're only going to ever do one deal with that banker. They have a clock ticking. So there's …”

“I went back and paid them all back. It took 10 years”

“There's a new U.S. Administration. They're like changing how all the regulators are running, and mostly the bankers are feeling much more generous and able to do things, which they weren't feeling like that last year.”

“No one knows what their balance sheet looks like, including their bankers. They don't produce financial statements for their bankers.”

“Most bankers have no idea what they're doing or what they're talking about. Truly, I had to learn this the hard way. They think they can finance a deal. They have no idea how to finance the deal. They have no idea what these structures, what the details are of…”

“This ULIPs and all that shit, the stuff that is toxic and sold by old people, that should require a jail term. Because now you are acting maliciously. You are making a commission for your commission and that is a bad thing.”

“You know, it's unique on the continent, because you don't have that many successful investors. A successful entrepreneur is becoming investors. It's not yet a thing on the continent, because you barely have any successful entrepreneurs. How much more? So most …”

“There are people who just know a lot of things. You know, people who invest other people's money accountants, bankers, people like you know, VCs are like this. They see hundreds and hundreds of businesses a year. And so it's like those people, if you want to l…”

“And when we've tried to bring in people that are just like bankers, that hasn't worked out nearly as well for us.”

“I think if you've got a great business and you want to raise money you should just go and call a bunch of wealthy people and try and raise the money yourself. Because at the end of the day, a lot of the time what bankers do is build some decks and then breathe…”

“I would say you have left money on the table if you find yourself in that position because there's not that much You can do, like once you meet with bankers, you're in a quiet period, so you can't really be doing anything, right?”