Pejman Ghadimi, founder of Secret Entourage, discusses the business model of his entrepreneurial education platform with host Nathan Latka.
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“No, we don't pay any of our teachers.”
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More from Pejman Ghadimi
Disclosure
Ghadimi: VIP Motoring guarantees massive resale profits on exotic cars within a year
“We allow people to come in and purchase, let's say, a car that we're buying for half a million. We'll let them purchase it for 700,000, and we'll guarantee that we'll resell it somewhere around 1.2 million in the next year or so.”
Pejman GhadimiSep 19, 2016▶ 3:08EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
AssertionNot checkable as stated
Ghadimi: VIP Motoring investors face zero risk to principal during market downturns
“We also have guarantees in place in case, let's say the market takes a tank. We can always back out and get out of certain deals so that the actual consumer is never actually impacted by this. So their principle is ultimately safe.”
Pejman GhadimiSep 19, 2016▶ 3:36EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
Disclosure
Ghadimi: We paid a €70,000 bribe to divert a Ferrari 488 allocation
“One of the things we did is the car was heading to Germany. So we have to bribe someone upwards of 70,000 euros. Just to allow the car to change routes and ultimately tell the client that they weren't going to get a car because of the mistake in exchange getti…”
Pejman GhadimiSep 19, 2016▶ 5:56EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
AssertionNot checkable as stated
Ghadimi: VIP Motoring made $500k upfront flipping a Ferrari LaFerrari allocation
“Like we had three allocations, which is unheard of. We had three of such cars at sticker between 1.3 and 1.5. We took, let's say, let's use one of them as an example, 1.5 buying price. We went ahead and actually got someone to invest in that car at two million…”
Pejman GhadimiSep 19, 2016▶ 4:07EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
Insight
Ghadimi: Exotic car flipping cannot scale indefinitely due to scarce allocations
“There's only so many cars you can do this with, and there's only so many allocations you can take. The other disbenefit is also that not only you can do this on a limited basis, but it also has costs, meaning that actually finding people, et cetera, actually t…”
Pejman GhadimiSep 19, 2016▶ 11:09EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
AssertionSupported
Ghadimi claims VIP Motoring was first to enable exotic car investing
“VIP motoring is a luxury concierge service that focuses on helping people invest in high-end exotic cars and extremely collectible cars, and so that's been the case since we were the first ever to allow this”
Pejman GhadimiSep 19, 2016▶ 2:15EP 422: $2.6M 2015 Free Cash Flow On Luxury Car Business
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