The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 17 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sanchez: Tech workers' voting records caused San Francisco's decline
“I know that if I looked up the voting record of you guys, most of the people in tech are the reason why it is where it is today.”
Sanchez: Allowing hacks is better than centralized blockchain rollbacks
“I'm not sure that I would want if what I want is decentralization and not having, you know Autocratic tendencies an individual to be able to do that either. And I know there's this critique already about Ethereum and I don't know if it delved from this origina…”
Sanchez: Default lifestyle will be living in vacation spots, commuting for work
“I think in the future we're going to we're going to live where we used to vacation and we're going to just go work where we used to live. And that will be the default mechanism.”
Sanchez: Phishing scams will persist regardless of cybersecurity advances
“So like, my take is like, that will always exist no matter how intelligent the software gets. And in fact, I think it'll probably just get more and more difficult.”
Sanchez: ATM route investments break even for first three to four years
“Because how these models work is you really make no money for the first three to four years. You basically break even. And then after it, you can start to have a pretty nice little return.”
Sanchez: Small business acquisition returns remain high due to lacking standardization
“Over time, what happens is those arbitrage opportunities or the difficulty of doing something decreases, which means the return typically decreases too. And so this has happened in stocks. It's happened in real estate. It will happen in crypto, but I think we'…”
Sanchez: Business acquisition loans are underwritten against target's cash flows
“When you go and buy a business, they do it kind of the same way. They buy, you buy a business based off the future cash flow of the business or the assets of the business, not you.”
Sanchez: Average small business acquisition price is 2x to 3x profits
“The average price when you buy a business is two to three X profits.”
Sanchez: Austin hair salons can be acquired for $80k at 1x profit
“You buy a salon for like 80 K here in Austin that does more than 80 K in profit.”
Sanchez: Buy unsexy community businesses to avoid inflated hype valuations
“Don't just look at the sexy community businesses because those people are going to over inflate the value. And you might be buying into a hype cycle. But I would say look at a lot of like the unsexy community. What about like the dentist, the accounting firm, …”
Sanchez: Demands equity in sponsorship deals to build media holding company
“And one of the things that I'm requiring from people that we do sponsorships is one, I want to invest in like whatever it is that I'm doing. So I'm trying to get equity for every deal. I do sponsorships with if at all humanly possible so that my content creati…”
Sanchez: The best business to acquire is adjacent to your current work
“I think the best business to buy is the adjacent business to what you already do.”
Sanchez: Bought a laundromat generating $67k cash flow for $100k
“That laundromat that I bought, the cashflow is 67,000 dollars. We bought it for a hundred K”
Sanchez: 60% of small businesses are sold with seller financing
“60% of small businesses are sold with seller financing.”
Sanchez: Bought 40% of $150k-profit video production company for $10k
“I bought into a video production company with 10,000 dollars that does 300,000 dollars in revenue a year and about a 150,000 dollars in profit. And I bought 40% of the business for 10,000 dollars.”
Sanchez: Alex Hormozi sold 40% of Gym Launch for $40M-$60M
“He just sold like 40, this is public, but excuse me if I fuck up the numbers, he just sold like 40% of his company for something like either 40 or sixty million dollars to a PE firm, and it was called Gym Launch, and what it was is Education platforms to scale…”
Sanchez: Discovered $2M accounting discrepancy in Chicago dental manufacturing acquisition
“We almost bought this dental manufacturing company in Chicago... They basically were either fraudulent or their books were so horrifically trapped. That every single dollar amount that they told us was wrong to the tune of like two million dollars. And so they…”