Opinion
Niedel: Big Pharma opposes Kratom because it treats opioid addiction
“Big Pharma doesn't like Kratom because it helps people get off of opioid addiction.”
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…”
Assertion Supported
Niedel: US supplement brands do not require pre-market testing
“You can create a supplement. You and I, Sean, can create a supplement together. We don't have to have it tested. We can take it to market. We can manufacture it. We can say it solves everything under the sun. And until the FDA or FTC pushes us to be able to ba…”
Assertion Not checkable as stated
Niedel: Private equity firms have a 92% to 98% success rate
“Private equity groups have like a 92%, 98% success rate over the past 10 years of picking winners.”
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.”
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.”
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.”
Assertion Not checkable as stated
Accounting error cost Niedel hundreds of millions on web hosting exit
“Here we are, this company running fifty million dollars a year in revenue, but we're not really. We're earning about twelve million in revenue on an accrual basis, which takes this company. I thought we were going to sell for hundreds of millions of dollars, a…”
Insight
Niedel: Employees rarely worsen when companies scale, role requirements simply change
“The person probably hasn't changed. They probably haven't become worse at what they do. Just the requirements have changed or our internal skills have changed. And so when that happens to me, instead of saying, okay, like you're fired, It's really acknowledgin…”
Insight
Niedel: Scale by hiring C-suite executives with experience beyond current stage
“It's starting to look for people that have already been past where we're going to. It's not allowing people to necessarily, especially in that C-suite roles, not have them learn on the job, right? I need people that have already been past that because I want t…”
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.”
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?”
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.”
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.”
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.”
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 …”
Assertion Not checkable as stated
Niedel: Less than 2% of people have ever tried Kratom
“If you look at anecdotal third party research, less than two percent of the populace has ever tried it before.”
