MIT45

10 statements across 1 episodes · 8 bullish · 0 bearish · 1 people on the record · first statement Feb 1, 2023 by Ryan Niedel · said 25 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Sean Weisbrot (18), Ryan Niedel (7)

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2023 25 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about MIT45, oldest first

Feb 1, 2023 bullish
Assertion Not checkable as stated
Niedel: MIT45 reached $70M to $75M in 2022 revenue
“The numbers aren't all the way tight from last year. We're certainly north of seventy million. We'll see what we have in some of those reserve accounts and what things look like, but in between 70 and seventy-five million is where we hit for 2022.”
Ryan Niedel Feb 1, 2023 ▶ 6:08 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 positive
Disclosure
Niedel: MIT45 converted to C-Corp and grants stock to all employees
“Another pivotal part, Sean was switching our corporation or switching our LLC into a C Corp. Really massaging some of the things that way and doing stock issuance to our entire team. So when you come on board with us, you're actually getting shares in, in the …”
Ryan Niedel Feb 1, 2023 ▶ 28:08 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 bullish
Assertion Not checkable as stated
Niedel says MIT45's enterprise value significantly exceeds $150 million
“Our stock issuance was based off enterprise value of one hundred and fifty million dollars, and our enterprise value is significantly higher than that at this moment.”
Ryan Niedel Feb 1, 2023 ▶ 41:53 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 positive
Disclosure
MIT45 to cap full-time workday at 6.5 hours by Q4 2023
“By quarter four of 20, 23, no one will be able to work more than six and a half hours a day, but it's deemed full time work.”
Ryan Niedel Feb 1, 2023 ▶ 46:06 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 bullish
Prediction Not checkable as stated
Niedel projects MIT45 will hit $150 million in revenue next year
“If I were to show you our forecast for next year, it's a hundred and twenty-five million without acquisitions, two acquisitions kind of hovering in the background. So I think we'll hit one 50 in, in total, total revenue as a business, right?”
Ryan Niedel Feb 1, 2023 ▶ 40:34 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 neutral
Assertion Not checkable as stated
MIT45 had $1.6 million in uncollected receivables when Niedel joined
“So when I came in, we had 1.6 million in uncollected accounts receivable that no one even knew existed.”
Ryan Niedel Feb 1, 2023 ▶ 17:55 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 bullish
Assertion Not checkable as stated
Niedel: MIT45 sells ~600k bottles of core product monthly
“We sell about 600,000 bottles of our main product every month.”
Ryan Niedel Feb 1, 2023 ▶ 8:49 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 bullish
Prediction Open · timeframe Feb 2026
Niedel: MIT45 will be one of the first publicly traded kratom companies
“I mean, our vision right now is certainly to be one of the first public, if not the first publicly traded Kratom company in the world. And our revenue is supporting that. Our growth is supporting that. There'll be some uniqueness to figure out what exchange to…”
Ryan Niedel Feb 1, 2023 ▶ 28:24 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023
Disclosure
Niedel: $54 million of MIT45's $75 million revenue is B2B
“Out of the 70, I'll say seventy-five million this year in revenue, fifty-four million of that is B to B for us.”
Ryan Niedel Feb 1, 2023 ▶ 31:31 Every New Level Has a New Devil - He Proved It From $5M to $75M
Feb 1, 2023 positive
Insight
Niedel: Rereading one book 30 times beats reading 30 different books
“Reading another 30 books isn't going to get me to this next place. It's reading one book 30 times to pull out the 20 or 30 incremental nuggets and actually seeing them apply and change my thinking will help Progress me that way.”
Ryan Niedel Feb 1, 2023 ▶ 54:25 Every New Level Has a New Devil - He Proved It From $5M to $75M
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