On September 08 2010 16:53 Xstatic wrote:
:D nice blog dude, I have college friends trying to enter investing and they dream of making the big bucks like this.
The side story about holding the bags for those Korean women was pretty funny, and the meeting with the investors and the negotiations was really eye-opening.

I do have a question though, did you want option A? It seems you could have made more of a profit there.

Great blog :D 5/5 and sir you are a machine ^^

Actually these were Chinese and Taiwanese women, but same difference keke.

I did want option A, of course, equity is king, What most people dont' realize that by having equity, you not only have your cash generator but your company itself becomes a very highly valued resellable 'product'. If you get that point, then you'd always be very tight with equity and like I said, these guys are idiots, and they think I can do it, but not without their support.

Its an interesting situation; they wanted the whole shebang, and they will take on the risk, but they still know that I can get money somewhere else and so to make this into a mutual value proposition for both of us, they basically will let me use their hotels and golf courses for events 'at cost' and provide me whatever gov't contacts they have. And implict within this agreement is that if I do well, I can do additional projects where they will fund and I can jointly fund with my profits from the first project and then I can get equity, so #1. they want to see if I'm humble enough to look towards the long term #2 if I can respect and value them as well as a major resource. But the major concession I got was, regardless of lack of equity, I have full managerial control of the project, which is the most important thing for me, and that also includes the amount to re-invest and the release of the profit dividend. The only think I will have to really negotiate with them is if I wanted to increase my monthly salary, but that likely won't happen if the company turns a significant profit as the salary would be a rounding error at that point in time.

If I did hold on to the equity though, if we ever sold the project, and it was a great project, I could retire right there and then. But on the flip side, if the project is fucked, I am responsible to sell my equity to make things right. While this is a very difficult project, I am confident in my abilities, so I would still have gone with option A. But since i'm not looking to retire, like ever, hopefully I will be able to join the inner circle of this investment consortium and then really really be a baller. Right now, I'm still basically a very well paid mercenary.

^^

MightyAtom

Korea (South)1897 Posts

September 10 2010 02:44 GMT

#25

On September 08 2010 17:15 Manifesto7 wrote:
Awesome work haha, I am so happy it worked out for you. Sorry for scaring you in the other blog, but I figure that jump started your heart enough to get your adrenaline up and you through the day. I will accept 10% of the profit as thanks. You're welcome

That is a whole part of Japan that I don't think I will ever experience. It makes me kind of jealous

As always though, there is a standing invitation for you to come visit me and experience country life if you so desire.

Mani, I'll take you up on the beer in Osaka, and I'm gonna buy a really really nice gift for your family when this works out. Just need 3 more years.
But, if I visit before hand in Tokyo, you should come out and join me for the social part of my business trips for kicks ^^ I'll be sure to post the pictures up on TL.net kekeke

Rekrul

Korea (South)17174 Posts

September 10 2010 02:47 GMT

#26

i'll come on ur next trip dave

i'll show them who the real man is via alcohol

MightyAtom

Korea (South)1897 Posts

September 10 2010 02:51 GMT

#27

On September 08 2010 23:55 Jono.exe wrote:
Rolexes are overrated, but good read nonetheless.

Are you investment banking or what? You pretty much live an advanced life I live

So hopefully I can follow in your footsteps, but have better taste in timepieces and cars (j/k)

Congrats man! :D

For me, Rolexes are only watches I want, but I'd say the submariners are too common so it does seem like they are over rated, but who can really complain anyway. ^^

Not investment banking, professional management, investment banking is my back up plan, but I'm nearly at the point where I'm too old to go into that field even if wanted to.

And 'screw you' lol, my taste in timepieces and cars is just fine ^^ nothing wrong with an M5 and GMT II. The Eclass is for my wife. ^^

MightyAtom

Korea (South)1897 Posts

September 10 2010 02:53 GMT

#28

On September 10 2010 11:47 Rekrul wrote:
i'll come on ur next trip dave

i'll show them who the real man is via alcohol

Rek, I don't want you to kill them via alcohol poisoning, I still want them alive to close the deal.
But I promise no more 3 week fishy business trips, just 3 day trips from now on.

^^

Ciryandor

United States3735 Posts

September 10 2010 05:15 GMT

#29

<3 your stories dude. Honestly, I want to be looking at doing these kinds of things when I'm in my 30s, but damn FAILipines.

So basically, it really DOES come down to who you know and what your rep with them is... right? I admit I'm not exactly a charmer with anyone AT ALL, but I think I pretty much have what it takes in everything else; people perception, business knowledge, that kind of thing to take the plunge. However, working an 8-5/9-6 as a cubicle jockey kills interaction outside your company. So, the question is, where and how do you develop that network setting up? Would it work in like a consultancy or something similar? Or is it just keeping up with everyone you know or once knew and being a good shot with them?

Rekrul

Korea (South)17174 Posts

September 10 2010 05:19 GMT

#30

On September 10 2010 14:15 Ciryandor wrote:
<3 your stories dude. Honestly, I want to be looking at doing these kinds of things when I'm in my 30s, but damn FAILipines.

u gotta be the fking man, in many aspects, get lucky with a few big contacts who like u and thru them u meet the world

MightyAtom

Korea (South)1897 Posts

September 10 2010 07:01 GMT

#31

On September 10 2010 14:19 Rekrul wrote:

Show nested quote +

u gotta be the fking man, in many aspects, get lucky with a few big contacts who like u and thru them u meet the world

Just to elaborate, consultancy is probably a good start because you can get out of your cubicle, and usually, it will be your clients that want to hire your away from your consultancy if youre doing a great job. Then be prepared and when an opportunity hits, you take it, but you need to be personally improving yourself in every way, from what you read, how you dress, and your own work ethic that people can recognize that.

Now in the Philipines it is every difficult, I know some quite wealth people, a senator and one guy who use to be one of the top 3 richest guys there in the late 80s (he is quite old now) and if you aren't from their social background, i think its so hard to break in, but if you can work for a major multi-national then I would say that is your first major step in. But, you know, the rich are the rich and powerful in the Philipines, and the famous can be famous, but not rich, being rich and connected is a very very small circle, that being said, you may just have to go the route of the entreprenuer to move up and onwards in an environment like the Philippines.

btw. Rekrul is one of the Godfathers of my son, we we're very close and so there isn't much I disagee with him on because our lives are so closely linked, so I wanted to articulate it more;
but yeah, its tough and it just takes one win to get your foot in the door.

Cheers