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Mike Wittmeyer

Board Director, A-Mark Precious Metals · 1 appearance on the record.

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founderexecutiveinvestoroperator

Mike Wittmeyer is an entrepreneur and investor who co-founded JM Bullion and served as its CEO until its acquisition by A-Mark Precious Metals. He is also a co-founder of Bitfo, through which he acquired the crypto media company The Milk Road.

12statements → 5claims → 0claims resolved → 3.92/5average certainty → 1.17/5average debate potential → 4said about them ↓

5 not checkable as stated how the 5 claims stand · each chip opens the sources

5 assertions · 1 insight · 6 disclosures · every statement was checked. The predictions and assertions are the 5 claims: statements the public record can support or contradict. 0 are resolved, and 5 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Mike argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Mike Wittmeyer on measured tape to publish a rate. This says nothing about how they speak.

Everything Mike Wittmeyer said on My First Million that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure
Milk Road Deal Briefly Stalled Over Unexpected Gambling Sponsor Revenue
“One of the times it fell apart was we got into the diligence after we'd already agreed on a number and there was a little more gambling, gambling sponsor revenue there than we thought.”
Mike Wittmeyer Dec 17, 2022 ▶ 12:16 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Not checkable as stated
Saville Netted $23 Million From His Early JM Bullion Angel Investment
“You got like twenty three million.”
Mike Wittmeyer Dec 17, 2022 ▶ 53:52 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer Sold Precious Metals Retailer JM Bullion For $175 Million
“I sold it for one 75.”
Mike Wittmeyer Dec 17, 2022 ▶ 54:14 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Insight
Wittmeyer: Bootstrapping Makes Massive Multi-Billion-Dollar Outcomes Much Harder to Achieve
“I think one thing you probably lose though, is it's, in my opinion, it's harder to have like the really big outcome. If like the things we're doing or historically have done, it's hard to, It'd be like a ten billion dollar company from that stuff. And I think …”
Mike Wittmeyer Dec 17, 2022 ▶ 1:10:54 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer: Bitfo would have walked away if final Milk Road offer failed
“At the end, like when we made that final, you know, the last little chunk, we were, that was it for us. We had said, we're walking if this doesn't work.”
Mike Wittmeyer Dec 17, 2022 ▶ 11:58 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer Sold His Online Poker Affiliate Business For $565,000 At Nineteen
“I sold, I was further into it. I sold for 565,000 and I was, I think, 19 then.”
Mike Wittmeyer Dec 17, 2022 ▶ 42:37 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Not checkable as stated
Wittmeyer: JM Bullion Benefited From Confusion With Johnson Matthey
“We knew so little about this space when we started that we named it JM Bullion using our initials and We had no idea that, like, one of the largest refiners of gold and silver in the world is Johnson Matthey, and so we actually got a big boost early on because…”
Mike Wittmeyer Dec 17, 2022 ▶ 47:55 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Not checkable as stated
Wittmeyer: Early Ripoff Report review cut JM Bullion sales by roughly 30%
“There's a site called ripoffreport.com, where anyone can go on there and file, like, hey, this company or person screwed me, and he did that, and we were so early that, like, there were no jamboy in reviews anywhere, so when people searched that, that was the …”
Mike Wittmeyer Dec 17, 2022 ▶ 57:17 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer: I Have Capital Trapped on Genesis
“We have, I have money on Genesis that I don't know what's going to happen to it, but that one was pretty stunning too.”
Mike Wittmeyer Dec 17, 2022 ▶ 1:22:24 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Not checkable as stated
Wittmeyer: Milk Road Hits Record Subscriber Growth During Market Crash
“What's been interesting for the milk road and our businesses, you know, this has actually been for growth, a good thing, right? We cover the news and there's certainly been a lot of news. So we're seeing, you know, record subs coming in that the reader scores …”
Mike Wittmeyer Dec 17, 2022 ▶ 1:22:29 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Not checkable as stated
Wittmeyer: Mentor invested $1M in JM Bullion despite losing processor
“To his credit, he put a million into JM shortly after Kendall did his first angel investment. Like a week before it was going to close. We had done all the documents. It was ready to go. Our credit card processor throws us out. And that was like half of our re…”
Mike Wittmeyer Dec 17, 2022 ▶ 1:28:42 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer: Paid $25,000 to acquire unmonetized viral site brosicingbros.com
“Ended up working on a deal to buy it, and I gave him 25,000 dollars for it. There was no monetization at all.”
Mike Wittmeyer Dec 17, 2022 ▶ 44:23 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers

The other half of the tape: Mike Wittmeyer's own voice is left out of every number here. 4 statements on the record name them. every mention, with the transcript →

Statements about Mike Wittmeyer, by other people (4)

Prediction Not checkable as stated
Puri Predicts His Retained Milk Road Equity Will Surge In Value
“And they're people that I thought if I give them, you know, this company and I own, I still own a minority stake in it, that minority stake in five years is going to be worth a lot because I believe in these guys and what they've done.”
Shaan Puri Dec 17, 2022 ▶ 1:09 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Not checkable as stated
Puri: The Milk Road Rejected A Higher Acquisition Offer
“Like when we were looking at this deal, we actually had a higher offer that we turned down.”
Shaan Puri Dec 17, 2022 ▶ 1:33:59 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Assertion Supported
Puri: Buyers Previously Generated Multi-Hundred Million Dollar Exits
“So you guys, you'd built that. That was a Couple hundred million dollar company. And then you had done the same thing in the sports betting side. Same thing, like roughly a hundred million dollars worth of exits.”
Shaan Puri Dec 17, 2022 ▶ 10:00 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers
Disclosure
Wittmeyer And Saville Acquired Shaan Puri's Milk Road Newsletter
“We got together because you guys just bought my company. You bought the milk road.”
Shaan Puri Dec 17, 2022 ▶ 3:16 BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers

Appearances (1)

EpisodeDateSpeaking time
BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers Dec 17, 2022 27m
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