“I would actually do like a consumer private equity fund. I would raise $500 million and I would invest into the fastest growing consumer brands… alongside a lead gen content business.”
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Said on The Gstaad Guy Podcast
Great Business Stories · General Magic: Right Product, Wrong Time
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secured $6 million investments from Sony, Motorola and AT&T for a 10 % equity stake each to fund General Magic
$6 million per partner; 10 % equity stake
“I would actually do like a consumer private equity fund. I would raise $500 million and I would invest into the fastest growing consumer brands… alongside a lead gen content business.”
“You would just, if I had five different funds, five different equity funds, I just take my top 10 or 20 holdings, rank all of them and see what the overlap is”
“Glasic you know i think they bought their stake for half of turning point essentially that it was originally i believe all debt which was converted into equity for 11 million dollars back in 2010”
“‘live vesting being investing in your home… you need to make friends with a downsizer strategy… use that equity to fund retirement’”
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