“I've held as much as 90% of this fund in cash at one time and as little as 10%.”
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Bill Egan JP Morgan Strategic Income Opportunities Fund
Animal Spirits Podcast ·
Jim Fitzgerald · Built to Sell Radio · Ep 567 Rejected at 4x, Sold for 8 Figures: The Growth Mistake That Nearly Cost Jim Fitzgerald Half His Exit
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added a 10% escrow clause and held back cash equal to the projected 5-year EBITDA for a key partner until a survivorship letter was provided
10% escrow, 5-year EBITDA holdback
“I've held as much as 90% of this fund in cash at one time and as little as 10%.”
“…they really refer to like a multiple, an EBITDA multiple… then you add enough variables and you're back to a discounted cash flow model.”
“If you had an equal-weighted strategy, well, if things started to get out of whack, you want to get them back to equal-weighted.”
“Payment services provider takes your money for a credit card and behind the scenes, they convert it into something called cycles… providers can turn those cycles back into cash because there's a market for them.”
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