The Contrarians with Adam and Adir · AI Money Furnace, Lottery Deep Dive, Fair Work Loses the Plot and AirTree Fight Goes Public
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issued two $400 million bond tranches at 6-7% interest to fund a dividend that paid out 109% of profits
$800 million total bonds, 6-7% interest, dividend yield 109% of profit, $1.2 billion total cost (400 m cash + 800 m bonds)
“We were able to take that company from 70 million in revenue down to 60 million … up to five million operating profit… paid off 8.5 million of the debt in 18 months, just by doing things like collecting receivables or DC inventory.”
“I pumped it into ChatGPT… upgraded to the paid ChatGPT… it pumped me out all these documents of profit and loss.”
“Go out and buy a spark or two... hundreds... up to 400 tokens a second.”
“We spent six months basically fundraising on Zoom... that year there was so much interest in what was happening in biotech... we took advantage of that window to be able to create that first fund. That first one was a 500 million vehicle”
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