Rick Marini

10 statements across 1 episodes · 5 bullish · 0 bearish · 2 people on the record · first statement Oct 13, 2025 by Rick Marini · said 5 times in 2 episodes since 2020 · across every show →

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

Mentions by year

brought up most by James Currier (4), Sam Parr (1)

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Everything said about Rick Marini, oldest first

Oct 13, 2025 positive
Assertion Supported
Marini: Grindr's $2B IPO generated a 9x return on $200M equity
“We took Grindr public, and we'll talk about how we got there, but we took it public for two billion on the New York Stock Exchange two and a half years after we bought the company. And as I mentioned, as part of the deal structure that earned out, the first tw…”
Rick Marini Oct 13, 2025 ▶ 15:03 How two straight guys bought Grindr and made $2B
Oct 13, 2025 bullish
Disclosure
Marini: JibJab repaid $15M acquisition debt in three years, funding a recapitalization
“And with JipJab, it was throwing off so much cash that we paid down the debt in about three years. And then we did a refi where we recapped the company and borrowed another Fifteen million and then ended up buying out kind of half the investors with that. And …”
Rick Marini Oct 13, 2025 ▶ 36:12 How two straight guys bought Grindr and made $2B
Oct 13, 2025 positive
Assertion Partly supported
Marini: Grindr revenue doubled from $100M to $200M before its $2B IPO
“And in two and a half years, we took Grindr from a hundred million of revenue to two hundred million of revenue when we took it public.”
Rick Marini Oct 13, 2025 ▶ 40:36 How two straight guys bought Grindr and made $2B
Oct 13, 2025
Assertion Supported
Marini: Investors bought Grindr for $600M at 12x to 13x EBITDA
“So we bought it for about six hundred million. It was doing less than fifty million, about forty five million of EBITDA when we bought the company, so, you know, call that kind of 12, 13 X EBITDA, and the market was probably trading at more like 20, the public…”
Rick Marini Oct 13, 2025 ▶ 8:23 How two straight guys bought Grindr and made $2B
Oct 13, 2025
Assertion Not checkable as stated
Marini: Grindr's forced sale process yielded only three legitimate final bidders
“It came down to three buyers in the end that put in, you know, legitimate bids, and we were lucky enough to partner with the other PE firm and buy it.”
Rick Marini Oct 13, 2025 ▶ 5:14 How two straight guys bought Grindr and made $2B
Oct 13, 2025
Assertion Not checkable as stated
Marini: Naval Ravikant predicted Bitcoin would reach $1M when trading under $1,000
“I remember early days, Bitcoin, you know, was trading under a thousand dollars, and I said to Naval, so how big does this get? And he said, I said, what's the price of Bitcoin? He said, a million. And I said, a million? It's only at like, you know, 800. And I …”
Rick Marini Oct 13, 2025 ▶ 1:08:09 How two straight guys bought Grindr and made $2B
Oct 13, 2025 neutral
Disclosure
Marini: Partners execute buyouts via SPVs instead of raising traditional PE funds
“For us, you know, we're not looking to go raise a big private equity fund. We really just do SPVs.”
Rick Marini Oct 13, 2025 ▶ 26:36 How two straight guys bought Grindr and made $2B
Oct 13, 2025 positive
Assertion Not checkable as stated
Bonforte: 70% of Grindr hires under new management were minority or LGBTQ+
“By the time Rick and I left, 70% of the hires from the, in the company were minority hires, basically. We were hiring people from the LGBTQ community, or we were hiring people that were in, in the DEI, which is not something people like to talk about anymore, …”
Jeff Bonforte Oct 13, 2025 ▶ 20:39 How two straight guys bought Grindr and made $2B
Oct 13, 2025 positive
Disclosure
Marini: Partners bought JibJab for $20M using $15M debt and $5M equity
“The company was doing about five million of EBITDA and we bought it for twenty million. So four times EBITDA, which is a low multiple, but you know, Greg needed to sell it quickly and that's where we came out. And we were able to put fifteen million of debt on…”
Rick Marini Oct 13, 2025 ▶ 35:44 How two straight guys bought Grindr and made $2B
Oct 13, 2025
Disclosure
Marini: The $600M Grindr buyout used $200M equity, $200M debt, $200M earn-out
“So the deal structure, the 600, there was about 200 of equity that went in. And, you know, some of that was our personal money, but most of it was outside money that we raised. There was two hundred million of debt. So Fortress was our debt provider. And then …”
Rick Marini Oct 13, 2025 ▶ 13:41 How two straight guys bought Grindr and made $2B
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