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Codie Sanchez

34 statements across 7 episodes · 12 bullish · 7 bearish · 2 people on the record · first statement Apr 8, 2022 by Codie Sanchez · said 2 times in 2 episodes since 2022 · across every show →

On the record as a speaker too: Codie Sanchez's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Sophia Amoruso (1), Alex Lieberman (1)

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2023 1 mention in 1 episode
2022 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Codie Sanchez, oldest first

Apr 8, 2022 bullish
Disclosure
Sanchez wants to invest in creator-led slime businesses to scale production
“And so I would like to invest in one of these people's businesses because like, how hard could this be to scale and make where you don't sell out of them every single week and you make millions a week instead of a couple hundred K?”
Codie Sanchez Apr 8, 2022 ▶ 5:21 Buying into the ASMR Slime Business with Codie Sanchez
Apr 8, 2022 bullish
Assertion Not checkable as stated
Sanchez estimates slime creator Peachy Babies generates $200K per week
“I did, like, some rough calculations and ascertained she probably makes about 200 K a week, and I was like, this is ridiculous.”
Codie Sanchez Apr 8, 2022 ▶ 4:38 Buying into the ASMR Slime Business with Codie Sanchez
Apr 11, 2022 positive
Insight
Codie Sanchez: Boring businesses perform better in secondary and tertiary markets
“I mean, a lot of these boring businesses, what I found is they're almost better in like secondary and tertiary markets that have some growth, but you're not paying like New York level prices for them, because then you have to really increase your prices becaus…”
Codie Sanchez Apr 11, 2022 ▶ 4:39 All You Need to Know to Buy a “Boring” Business
Apr 11, 2022
Insight
Codie Sanchez: Acquirers must distinguish passive cash-flowing bonds from active businesses
“You need to figure out if you want a bond or a business, right? So bond is the check in the mail and a business is something you got to run. And so, yeah, for me, I like having a lot of bonds and only a few businesses because I'm operationally kind of a nightm…”
Codie Sanchez Apr 11, 2022 ▶ 17:52 All You Need to Know to Buy a “Boring” Business
Apr 11, 2022
Insight
Codie Sanchez: Value business acquisitions on realities, never pay for upside dreams
“I would buy the business just off of Realities, not dreams, and then layer your dreams on top of it, but don't give them the valuation for those.”
Codie Sanchez Apr 11, 2022 ▶ 18:45 All You Need to Know to Buy a “Boring” Business
Apr 11, 2022 positive
Insight
Codie Sanchez: Investors with an audience should always demand unfair deal terms
“And if you have money, And expertise and like audience or a name, you should be getting unfair terms every single time.”
Codie Sanchez Apr 11, 2022 ▶ 5:38 All You Need to Know to Buy a “Boring” Business
Apr 11, 2022 bullish
Disclosure
Codie Sanchez secured performance-based warrants for increasing PostPilot's audience size
“So I asked for that and I asked for some warrants and options if I was actually able to increase their audience size. Cause I think my audience size can increase theirs. And they said, yes.”
Codie Sanchez Apr 11, 2022 ▶ 6:48 All You Need to Know to Buy a “Boring” Business
Apr 11, 2022 positive
Insight
Codie Sanchez: Buy existing industry expertise when entering a new business sector
“I always try to steal these, the 10,000 hours instead of earn them myself if I can on a new sector.”
Codie Sanchez Apr 11, 2022 ▶ 20:35 All You Need to Know to Buy a “Boring” Business
Apr 11, 2022 bullish
Disclosure
Codie Sanchez negotiated unoffered pro rata rights in PostPilot angel investment
“So I invested in this company called post pilot, which is like these little, you know, you get in the mail postcards basically like, Hey free gym membership class. Or like you had something left in your basket. And I basically, they didn't, they weren't offeri…”
Codie Sanchez Apr 11, 2022 ▶ 6:21 All You Need to Know to Buy a “Boring” Business
Apr 22, 2022
Disclosure
Sanchez: Contrarian Thinking has spent zero dollars on paid advertising
“When I grew, started to grow country and thinking, and to this day, like zero dollars in paid.”
Codie Sanchez Apr 22, 2022 ▶ 8:18 The Future of the Creator Economy
Apr 25, 2022 positive
Insight
Sanchez: Founders Should Poach Talent From Competitors Whenever Possible
“If you can steal from your top competitor, you should.”
Codie Sanchez Apr 25, 2022 ▶ 15:18 How to Think About Angel Investing
Apr 25, 2022 negative
Opinion
Sanchez: $10k angel checks will not yield material financial outcomes
“I would probably say like, you need to get a little bit more in the deals because none of them will have a material outcome. I mean, you'll have to have a thousand X and even then, you know, it'll be really interesting, but that's like unlikely.”
Codie Sanchez Apr 25, 2022 ▶ 8:55 How to Think About Angel Investing
Apr 25, 2022 neutral
Insight
Sanchez: Do not use angel investing to build early wealth
“In fact, it's why I don't think that most people should angel invest until they have some money. Like, I do not think angel investing is the way to become rich or wealthy early. Like you need to maximize your earnings. You need to get cashflow because you don'…”
Codie Sanchez Apr 25, 2022 ▶ 7:27 How to Think About Angel Investing
Apr 25, 2022
Disclosure
Sanchez: Avoids investing without securing unfair deal terms
“I try to not do deals where I don't have some unfair term.”
Codie Sanchez Apr 25, 2022 ▶ 2:06 How to Think About Angel Investing
Apr 25, 2022
Insight
Sanchez: Capital is cheap, but introductions and audience are not
“Because capital right now is cheap, but introductions and audience are not.”
Codie Sanchez Apr 25, 2022 ▶ 2:31 How to Think About Angel Investing
Nov 22, 2022 neutral
Disclosure
Sanchez: Lost $50K personal check and wrote off multi-million dollar fund deals
“Like, you know, I've written a check for 50,000 dollars and lost that completely. We had multi-million dollar deals that we had to write off completely when I was at the fund, thankfully.”
Codie Sanchez Nov 22, 2022 ▶ 21:15 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Assertion Not checkable as stated
Sanchez's portfolio of 24 small businesses generates $50 million in revenue
“Well, they do about fifty million in revenue.”
Codie Sanchez Nov 22, 2022 ▶ 47:00 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 positive
Insight
Sanchez: Mastering dealmaking creates billionaires, while mastering budgeting does not
“But if you master budgeting, that does not make a billionaire. If you master deal making, that makes billionaires.”
Codie Sanchez Nov 22, 2022 ▶ 11:27 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 negative
Disclosure
Sanchez says she will never hire anyone who supports quiet quitting
“I'll never hire somebody who believes in quiet quitting or would ever do that.”
Codie Sanchez Nov 22, 2022 ▶ 25:37 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 bearish
Insight
Sanchez: Angel investing is dumb for 99.9% of people
“I think angel investing is dumb for your first dollars. You're going to lose 80% of your takes. So I still think angel investing is dumb for 99.9% of people. Don't play a game where you bet on other people's ability before you've bet enough on your own and sta…”
Codie Sanchez Nov 22, 2022 ▶ 51:33 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 negative
Opinion
Sanchez: Finance Culture Stifles Curiosity by Equating Uncertainty with Low Intelligence
“Most people in finance, you know, there's almost like a downside to being curious. People think, well, your intelligence must be lacking because you don't have all the answers, and that's how a lot of financial people think.”
Codie Sanchez Nov 22, 2022 ▶ 5:37 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 bearish
Prediction Not checkable as stated
Sanchez: Small business market will trend downward over 6 to 12 months
“I'd probably wait another six or 12 months and see what goes down. I'd like to spend a bunch of time learning about this stuff that I think is going to be super impacted. So for me, it would be like, I would learn deal making. I would learn to buy boring busin…”
Codie Sanchez Nov 22, 2022 ▶ 56:17 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 positive
Disclosure
Sanchez: First seller-financed acquisition yielded five-figure payout in month one
“So I started getting a check that was, you know, a five figure check the first month that I closed the deal from taking over this business and running it.”
Codie Sanchez Nov 22, 2022 ▶ 20:17 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 positive
Assertion Supported
Lieberman: Sanchez grew from 3,500 to 409K YouTube subscribers in eight months
“March meaning eight months ago. I don't guess. 20,000 or something. 3500. Today you're right around 409,000 subscribers on YouTube.”
Alex Lieberman Nov 22, 2022 ▶ 44:01 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Insight
Sanchez: Buying a very small business is effectively buying a job
“And what I don't think people realize is that's buying a job. You're buying a job when you buy a company that small. And those types of deals exist all around this country. They're everywhere.”
Codie Sanchez Nov 22, 2022 ▶ 7:16 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Insight
Sanchez: The best company starters typically make poor operators
“And the best starters typically aren't the best operators.”
Codie Sanchez Nov 22, 2022 ▶ 23:17 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Insight
Sanchez: Candidates who solve problems mid-interview make the best operators
“If they start solving your problems, they're, it's a really good indicator that they're a good operator.”
Codie Sanchez Nov 22, 2022 ▶ 25:11 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Insight
Sanchez: Inexperienced negotiators ruin deals by failing to use silence
“And the pros know the beauty of silence. And I think that's the biggest thing people mess up in the beginning is they talk themselves out of a deal.”
Codie Sanchez Nov 22, 2022 ▶ 14:08 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Disclosure
Sanchez bought her first business, a Phoenix laundromat, for $100,000
“The first technically boring business I bought was a laundromat. That was a laundromat that we bought for a 100,000 bucks, give or take... Phoenix, Arizona. So did about 67, 68,000 dollars in profit.”
Codie Sanchez Nov 22, 2022 ▶ 6:25 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022
Disclosure
Sanchez: Media business operates with fewer than 10 employees
“Well, inside the boring businesses a lot you know, hundreds, hundreds inside of the media company, very few, you know, less than 10.”
Codie Sanchez Nov 22, 2022 ▶ 47:13 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 negative
Insight
Sanchez: Beginners should avoid corporate turnaround acquisitions
“I've done enough where I could do a turnaround. I wouldn't do a turnaround in the beginning.”
Codie Sanchez Nov 22, 2022 ▶ 57:13 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Nov 22, 2022 bullish
Prediction Not checkable as stated
Sanchez: Media business will eventually overtake portfolio cash flow
“Still the boring businesses, but I'm, if we keep it this trajectory and I don't buy more boring businesses, the media company will definitely take over at some point.”
Codie Sanchez Nov 22, 2022 ▶ 47:50 How Codie Sanchez Built a $50 Million Portfolio of Boring Businesses, and the #1 Skill to Learn in a Recession
Aug 30, 2023 negative
Opinion
Sending voice notes unfairly transfers your time burden to the recipient
“I fucking hate voice notes. And the reason why is I think you're transferring your time to somebody else.”
Codie Sanchez Aug 30, 2023 ▶ 12:15 Why All Entrepreneurs Are Contrarians w/ Codie Sanchez
Nov 10, 2023 neutral
Assertion Supported
Lieberman: Codie Sanchez holds an equity stake in Viral Cuts
“Cody Sanchez became an owner in Viral Cuts, which is a short form video agency.”
Alex Lieberman Nov 10, 2023 ▶ 14:12 Dear Diary: Lenses in Life, The Idea Maze, Messy Middle
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