#376: Ryan Begelman on Buying and Building Profitable Companies

Ryan Begelman and his partners bootstrapped Bisnow Media, an email newsletter and conference business, to over 7M in annual profit after only an initial $50,000 investment. They ultimately sold the business for over $50M. Most recently, Ryan is the cofounder of Summit, which has been called Davos for Gen Y by Forbes. He is also an early investor in startups like Uber, Warby Parker, and CoinBase. Today, he’s on the hunt for small companies to acquire. In this conversation, we discuss the tactics and techniques every operator should know, riches in niches, systemization, training programs, holistic entrepreneurship, and productivity hacks. ============================ Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ============================ ExpressVPN lets you access the internet as if you’re from a different country. There are hundreds of VPNs out there, but ExpressVPN is ridiculously fast. You can stream everything in HD quality with zero buffering! If you use my link right now at EXPRESSVPN dot com slash pomp, you can get an extra three months of ExpressVPN for free! That’s https://www.expressvpn.com/pomp ============================ Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com