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Pocket Fund is hiring + thoughts on PE

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Excited to announce that Pocket Fund is opening up 4 positions for Claremont (5C) students: Pocket CEO, COO, CMO for portfolio companies + M&A Analysts

Pocket Fund is a micro search fund for small online businesses.

Essentially we find and buy small businesses for <$5-10k to grow them for 12-18 months before exiting for a higher multiple.

Everything Pocket Fund does will be open source for others to learn.

So far we have acquired a Star Wars media business for $3,000 (https://www.galaxyloot.gg/).

Shout out acquire.com for the deal!

The assets:

- Newsletter with 6,500 subscribers (shout out beehiiv)
- Facebook page with 40,000 likes
- Twitter with 4,600 followers
- Insta with 7,400 followers

Basically, an audience of over 50,000+ highly engaged Star Wars fans

(Any businesses interested in working with us, pls feel free to DM me)

Our goal now: monetize and scale the audience to $2.5k/ month revenue before selling

Join our team in growing our first micro-startup acquisition - Galaxy Loot, a Star Wars media business.

And if that wasn't enough, we also guarantee a private equity summer internship for at least 3 members of our club's leadership team.

Open positions (more info: https://shorturl.at/divE5)

1. Pocket CEO: Critical role in leading and overseeing our first acquisition- Galaxy Loot.

You will be responsible for driving the overall strategy, growth, and operations. You will also be in charge of establishing strategic partnerships.

2. Pocket COO: Instrumental in supporting the overall operations and strategy.

You will collaborate closely with the CEO and CMO to ensure the successful implementation of business plans and operations.

3. Pocket CMO:  Your primary responsibility will be to drive the overall marketing strategy, contribute to growth initiatives, and expand the company’s subscriber base from 6,000 to 30,000 with the rest of the executive team.

4. M&A Analyst: Identify and analyze potential business acquisition opportunities. The ideal candidate will have a keen interest in businesses and their operations, with a focus on software as a service, content sites, and agencies.

This role involves evaluating various businesses, typically with an asking price below $100k.

As part of Pocket Fund, you will have access to mentorship and networking opportunities with influential leaders in the venture capital (VC), private equity (PE), and Entrepreneurship through Acquisition (ETA) sectors.

Apply here:

https://lnkd.in/dXqrmg95

Look forward to reading your applications!

P.S Any students from other colleges interested in pocket fund can fill out the application and we will get in touch with you with things we have cooking 👨‍🍳

PE thoughts + why I’m not in college

Next I want to talk about some thoughts I have about PE + a podcast I watch recently

“A large % of billionaires come from private equity.”- Alex Hormozi

Watch @AlexHormozi explain to @matt_gray_ EXACTLY why…

I dropped out of college to buy and sell online business.

The goal is to build a personal brand in the space while building a holding company in public along the way.

If my goal is to create a billion $ worth of value over the next 10-20 years. (Shoot for the moon and end up amongst the stars kinda vibe?)

PE just simply has the most potential for scalable wealth creation at the pace, and returns I would like to be at, from what I’ve seen.

The more uncommon a market is, the more opportunity there usually is in it.

The VC backed startup route is brutal and just doesn’t make much sense anymore unless you really trust your investors and their intentions.

Being a founder/ CEO yourself there’s only so much you can do- it’s not scalable to 10s of companies and you’re limited by your time.

It’s important to separate yourself from the business and become an owner, not an operator.

I would like to approach things from the mindset of an owner from the start.

Also failure is inevitable. This path seems to be the most kind to failure in the beginning especially as I start with low stakes.

Earlier the barriers to entry to this PE game were crazy high.

Thanks to sites likes Acquire, Flippa, Microns, the process of buying and selling a business is getting much easier

And most importantly democratised.

You can now buy/ sell a business for <$10,000 without requiring any help.

Tbh they had me at ‘buy a business’, the rest of this may just be me justifying my decisions.

So if I know exactly what I want to do and I know college can teach me none of this.

What would I even be doing there?

My main takeaways from the podcast:

The potential in PE.

Being aware of the different games being played and the levels to them.

Points of leverage are the key: focus on software, people, execution