you stink fernando

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Great idea.

BRC
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The difficult thing is that the wizards in the tech/social media/marketing side know next to nothing about unglamorous old economy companies while the old war horses who understand basic business are typically deficient on the tech/social media/marketing side.

This is a huge opportunity.

When coupled with the crowdfunding implications of the Reg D changes — not the emerging growth company implications — of the JOBS Act, this is going to be a huge, huge opportunity.

BRC
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JLM, you setup a management company that can roll up these types of businesses in a chosen industry and I’ll find and close your acquisition candidates! That would be a lot of fun!

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Damn good point, Fernando. They don’t know how and they really don’t want to run a business.

BRC
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Yep. Also, the people managing these troubled assets are bankers, not business managers. They may be very competent, but most times they have never managed a business directly. Sometimes it’s not more money what is needed.

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Banks are never going to want to invest incremental funding into any troubled assets. Ever.

This IS a huge opportunity.

BRC
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Many old economy businesses are dependent upon the life and energy of their founders or current owners.

Many times it is simply a succession, health, asset liquidation issue.

Many sellers want to finance the sale with seller debt because of tax implications.

BRC
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