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Dan Hershberg

12 statements across 2 episodes · 5 bullish · 3 bearish · 4 people on the record · first statement Sep 20, 2023 by Dan Hershberg · across every show →

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

Everything said about Dan Hershberg, oldest first

Sep 20, 2023 neutral
Disclosure
Amateur Golf Society founding team retains only 25% equity
“Ah, 25%. So it's 20 for myself and then five percent for my COO.”
Dan Hershberg Sep 20, 2023 ▶ 12:37 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Sep 20, 2023 bullish
Assertion Not checkable as stated
Hershberg: Amateur Golf Society closes 85% of courses pitched
“Close rate is about 85% of the courses that I talk to.”
Dan Hershberg Sep 20, 2023 ▶ 6:18 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Sep 20, 2023 positive
Disclosure
Hershberg: Amateur Golf Society is designed to scale quickly and get flipped
“We've built this business in a way where because of how efficient it is, how asset light it is, and because of the opportunity for acquisition, in my mind, I'm trying to build this as quickly as I can and then flip it.”
Dan Hershberg Sep 20, 2023 ▶ 13:42 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Sep 20, 2023 neutral
Disclosure
PE firm forgave $2M in brewery debt for AGS equity
“What they did, so they basically forgave two million dollars worth of debt that was owed to the, to them from the brewery to set the valuation, and then that's how we kind of got things started. So they didn't put any new money into it for this particular roun…”
Dan Hershberg Sep 20, 2023 ▶ 11:25 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Sep 20, 2023
Disclosure
Hershberg: Private equity controls three of five Amateur Golf Society board seats
“So there's five board seats. There's three for the private equity guys, one for myself and one for the group of fellow Cornellians.”
Dan Hershberg Sep 20, 2023 ▶ 21:11 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Sep 20, 2023 negative
Assertion Not checkable as stated
Diamond: Board majority can remove founder Dan Hershberg at any time
“They can vote you out tomorrow.”
Howie Diamond Sep 20, 2023 ▶ 21:56 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Sep 20, 2023 bullish
Prediction Not checkable as stated
Hershberg: AGS will cash flow $30M annually at 2,500 members per market
“So if we look at every single AGA in the country, of which there are 58, if each one of those markets has an AGS tour in it with 2500 members. This business is cash flowing thirty million dollars a year.”
Dan Hershberg Sep 20, 2023 ▶ 14:15 "Startup Funding Secrets: Will This Golf Tech Pitch Convince VCs to Invest?"
Mar 4, 2025 positive
Assertion Not publicly verifiable
Muccio: Hershberg closed $1M round for AGS with existing investors
“FYI, Dan closed out the rest of his one million dollar round from his existing investors.”
Josh Muccio Mar 4, 2025 ▶ 33:15 #119 Amateur Golf Society: Venture Capital vs. Private Equity
Mar 4, 2025 negative
Assertion Not checkable as stated
Bsharah: PE offered VCs an observer seat and 18-month CEO retention guarantee
“They essentially said, They would give us a board observer seat and promise not to fire the CEO for 18 months.”
Al Bsharah Mar 4, 2025 ▶ 25:37 #119 Amateur Golf Society: Venture Capital vs. Private Equity
Mar 4, 2025 positive
Prediction Not checkable as stated
Hershberg: Amateur Golf Society will generate around $200k in revenue this year
“So total revenue this year is probably going to be somewhere around 200,000 dollars would be my guess.”
Dan Hershberg Mar 4, 2025 ▶ 10:04 #119 Amateur Golf Society: Venture Capital vs. Private Equity
Mar 4, 2025 neutral
Assertion Not checkable as stated
Hershberg: Private equity controls three of Amateur Golf Society's five board seats
“So there's five board seats. There's three for the private equity guys, one for myself and one for the group of fellow Cornellians.”
Dan Hershberg Mar 4, 2025 ▶ 21:24 #119 Amateur Golf Society: Venture Capital vs. Private Equity
Mar 4, 2025 negative
Opinion
Diamond: Hershberg's 20% equity versus PE's 80% is egregious
“You only own 20% of the company. Meanwhile, the original partners of the brewery own 80% of the company. It's our opinion that, like, fundamentally those numbers are a bit egregious, and we think, like, they literally should be swapped.”
Howie Diamond Mar 4, 2025 ▶ 27:29 #119 Amateur Golf Society: Venture Capital vs. Private Equity
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