Everything Dan Faggella said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Faggella predicts AI will yield post-human intelligence within our lifetime
“Neuroscience and artificial intelligence and the stuff that I think within our lifetime, Nathan, will kind of tinker us beyond sentience and intelligence as we know it today into something kind of post-human and I don't think that's going to be in the next two…”
Digital publishing businesses typically command low acquisition multiples, Faggella learned
“These sort of digital publishing businesses, as I had to learn the hard way, don't get huge multiples.”
Science of Skill reached nearly $2.5M in revenue using only Infusionsoft
“So I was with infusion soft with a martial arts gym to get it, you know, to a quarter million bucks. And then, you know, we got to shy of 10 times that size with the e-commerce business, all in infusion.”
Science of Skill paid $50 affiliate commissions on $100 customer lifetime values
“So our CLV for our membership programs were like a hundred and can, a 120 bucks. So we paid affiliates 50 or 60 bucks on a front end sale. But we wouldn't make that money back sometimes for three or four months.”
Faggella scaled Science of Skill via an unexpected, high-converting firearms audience
“For us, I've never owned a firearm in my life, but for some reason, the firearms market just, they bought our stuff. They bought our stuff hot. They bought our stuff heavy. They took the upsells. I can't tell you, but I was interested in getting an exit, so we…”
Direct ad outreach works best on sites that already run banner ads
“And then whatever responses we got back, it's kind of like you're already accepting money for advertising. I'm not the first guy to ask you. And I could probably actually pay you more than those guys are paying. Let's just chat. And that's actually quite an ea…”
Faggella sold Science of Skill for $1M, a 3x net earnings multiple
“The multiple of net for us was like around three X in terms of bottom line. So I think, you know, 3:30 something in terms of net at the end of 2016 was multiplied by three and we brought ourselves to a little bit over a million dollars adding, well adding in i…”
Faggella's martial arts gym reached $250,000 annual revenue before its sale
“Anyway, yeah, that, that business was a quarter million dollars a year when we sold it. That was like three, four years after starting it.”
Faggella sold his martial arts academy for $113,000 with 10% down
“That business was sold for a hair over a 100,000 dollars, but with only 10% down in dough, cause the guy who I sold it to is my right hand man. So he was my purple belt. So that was like a kind of owner financed, you know, enough down to do something with it a…”
Faggella's online business generated $20,000 monthly before he sold his gym
“By the time I actually sold the gym, just I was actually making more per month online than I was in the academy. So I knew I'd need to be location dependent. I knew I'd have to be in the valley at some point. I knew I'd have to have my own cash and a good deal…”
Faggella self-funds TechEmergence, burning $20,000 per month
“20 or a little bit higher.”