2 Moms + $1500 Camper = $100,000 in profits

A pandemic killed their jobs, they created new ones...

A thread on wine, women & wheels...
A hairdresser and a physical trainer walk into a bar…

Pause. In this joke, the only thing they walk out with is six figures.

AND a biz that broke even in 4 months.

Meet Julia & Melissa....
They got a set of Boston accents & boots to match.

One's biz wasn’t booming (ya know Covid), other couldn’t snip locks (same).

So they went all-in on their love of salad:

Ok, fruit salad
Ok, grapes
Ok, f-ing wine

W/ a mobile wine truck (um yes, can I get 1 plz)
Mobile & Wine Fast Stats:

- Americans spend $15 B+ on wine a year
- $1.1B on Mobile Food Trucks
- Growing at 10% CAGR
- Women buy most wine

Aka A LOT of cash, w/ wine & wheels growing by double digits each year.
The IDEA:

Melissa & Julia like wine
Other mom's like wine
People want to go outside after quarantine (aka being held prisoner)
People want to hang out
Parties were in the home, not in restaurants

So what did they do?
- Bought an old vintage trailer - $1500
- Volun-told husband to rehab 4 wino on wheels - $10k
- Sell packages from $650-$5k

And some wine & accessories etc, they put in about $30k.
Now so booked, they're turning people down.

All from going super local, hitting the PR hard as the hometown mama's.
- No 100k needed on social, paper works just fineeee
For a how-to guide:
- projection model
- permit list
- cost breakdown

Go check out the full write up.

Whine don't ya?
contrarianthinking.co/2-working-moms…

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More from @Codie_Sanchez

25 Jun
NEVER EVER EVER build YOUR business on another’s platform.

Our front page of Contrarian Thinking on @SubstackInc

Guess they LOVED what we had to say... 🤷‍♀️

My prediction: more creators will leave & their biz model won't last.

What went down...
#1 I Messed Up

I never invest in biz's w/ a middle man (FBA, IG biz)
Platforms all eventually move to control.
Never let anyone get between you and your users.

But I did it in this business. #fail
#2 No NOTICE

They turned us off WITH NO WARNING
- thx for the customer service guys...

ALMOST as good as I get at the DMV
Read 11 tweets
23 Jun
From youth, we're taught to earn, not to create wealth...

The contrast in truths to financial freedom can teach us much.

THREAD: 10 powerful contradictions on $, life and sovereignty:
🔥Financial hell is just a definition, written by other people.

Sartre: hell is a tiny hotel room w/ 3 others.

No fire, no brimstone.

It's simply allowing others to shape your reality.

Wealthy = reality shaper.
More wealth does not = more freedom.

"Contentment is natural wealth, luxury is artificial poverty." ~ Socrates

This is the law of diminishing utility.

Your power is in knowing how much is enough.
Read 13 tweets
21 Jun
How to Get into PE/VC w/o a job or experience?

The land ofthe gilded loafer isn't just for those from Ivy's 🧵
#1 Go where they already want what you're selling.
- Bunch of us on z twitter looking for SMB, RE, storage deals & employees

If someone finds me deals/operators in my target. I'd pay 'em.

Who can you solve a problem for already in the space?
#2 Find deals, get paid
- You could get a % of carry (profits)
- Or a finders fee for the business
- Or even a position as a scout if you find a lot
Read 6 tweets
17 Jun
We've ALL had deals go super wrong.

1 Deal did 500% return in 3 years, and this early 1 also went to ZERO

A THREAD about a deal of mine and the dark side of investing in SMB business...

👇👇
Invested in a very small CPG company to take a large minority position.
- $50k invested
-$50k in debt
- $$$$$ in time & stress

This was a TON of $ for me.
(Dang that's still a lot of $, I hate losing $20 bucks)
My Pain in 60 Seconds:
- the company went to $0.
- lost all the $
- ended up ruining my friendship w/ the founder
- wasted a year trying to fix it
- now can’t even look at this type of food 🤢
Read 8 tweets
16 Jun
PE/VC Terms 4 DUMMIES, a 🧵

When I started in finance, I had to google what a mutual fund was.
Not my 💡moment.

How bout I save you the embarrassment of doing what I did & asking if I had to "carry" something when they said I got carry... 🤦‍♀️
Top terms to know (so u sound supa smart):

#1 Equity kicker
- Aka a sweetener
- An option to buy equity...
- At a discounted price...
- Bc u invested in a company today...
- Like when they throw in hot dog when u buy a car (same same really)
#2 Full ratchet 🔧
- If company u invest in goes down in value...
- 🔧 for preferred shares protects u from...
- Getting diluted (aka owning less of company)
Read 12 tweets
15 Jun
How fast did Venezuelan $ become worthless? (PS I was there).

May 2015 bolívar lost 25% value in week; $300 = $1
May 14, $400 = $1
May 21, $500 = $1
July 3, $600 = $1
Feb 2016 $1k = $1
Nov 9, $2k = $1
Nov 21, $3k
Feb 2018 lost 99.6%, 25k = $1

Today $248k = $1
In economics, things take longer than you think, then happen faster than you think.

Don't be left holding the last Bolivar. Asset up.
This was a tragedy.
Started by incompetent politicians
Finished by idealistic citizens

I saw it happen in Venezuela & in Argentina.
Read 4 tweets

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