We've negotiated a block of rooms at both properties for $239/night plus $20 resort fee (down from $40 normally).
We've also decided to do all the content/speaking in one day (Saturday from 9am-1pm) instead of breaking it up over two days which just increases F&B costs.
This means the new schedule would be:
Friday 6-8pm: happy hour (cash bar)
Saturday 8-9am: buffet breakfast (included)
Saturday 9am-12:30pm: speakers, breakout sessions, panels (included)
Saturday 12:30-1:15pm: lunch (included)
Saturday afternoon: OPEN
Sunday: OPEN
Since I have zero interest in making profit on this event but also don't want to lose any money I'm trying to keep the tickets as cheap as possible but still need to cover the F&B costs on Saturday (event space is then free) and A/V costs so we have a stage, mics, screens, etc.
We'll have 12 sponsors at $5,000 each which should cover 1/3 of the ticket prices as well as some of the travel/lodging/food costs for the speakers.
If I add up all the costs and subtract the $60,000 sponsorship money it looks like the tickets will need to be $160-180/person.
So here's the big question... if these are the final details, would you spend $239/night (plus $20 resort fee) to stay at the JW Marriott or Ritz Carlton and $170/ticket (for meals + speakers) to spend a the weekend with 350+ people from FinTwit?
I'll be setting up a new bank account for the event to keep funds separate -- any money leftover from ticket sales and sponsorships after all event costs are paid for will get spent over the weekend at the pool party on Saturday and/or the NFL party on Sunday via food and drinks.
If you're interested in the FinTwit Conference, please fill out this form because soon we'll be switching over to email so I can distribute all of the necessary information forms.gle/XrTHyHYhcf6u1n…
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On a related note, we got a perfect bounce off the trend line today for $UPST -- this could be the near term bottom that many investors and large funds have been waiting for post-IPO lockup expiration which was three weeks ago.
Lastly, here's a recent interview with Sam Sidhu, COO of Customers Bank (one of $UPST's bank partners); they've been working with $UPST for several years and are now processing $100+ million of consumer loans per month through the $UPST platform.
7 months ago I loaded up on $UPST $FUTU $CELH before the big revenue growth kicked in -- this worked out very well.
Now I'm doing the same thing with $DMTK $DM $CLPT b/c the big revenue growth will kick in over the next 4-6 quarters which should move these stocks much higher.
Just to be clear, $UPST $FUTU and $CELH are still my largest positions and I've been adding to each of them the past few days but I expect $DMTK $DM and $CLPT to be massive winners over the next 18 months as we get into that revenue acceleration.
If you don't know much about 3D printing (especially 3D printing for metal compounds/materials) then this is a great video to get you started that compares 3D printing to the more traditional methods of making metal parts ie casting and stamping
I just got Nielsen scan data for $CELH over last 12 weeks: +198%
This means for Q2 revenues $CELH should do around 198% YoY for US
If international only does 20% YoY we should see $CELH post Q2 revenue growth of 160-165% YoY 🚀
Right now analysts are looking for 78% YoY for Q2
Here are the consensus numbers from analysts for full year 2021 and quarterly.
Now that we have Q2 data from Nielsen there’s no excuse for these analysts not to raise their numbers. Otherwise I have no idea why they are even covering $CELH
I have $CELH doing $290M+ in 2021.
This is by far the most empty I have ever seen @CelsiusOfficial shelves at my local @shaws 😬
Since I'm not a professional event planner I just hired one to help me out.
Don't worry, this won't change any of the event costs or ticket prices -- she actually gets paid by the hotel as a "finders fee or commission" for bringing them our business.
After spending most of today on the phone, I'm less confident we'll be able to do this in Miami. Even if one of the nicer hotels has the available event space for us (and most don't), the room rates are $450+ per night at most places and nobody is doing discounts over 10%.
I’ve seen a few people commenting on this post that some Dad posted about his 14 year old son having a job — figured I would chime in with my thoughts.
Spoiler alert:
I have no problem with a 14 year old working as long as it’s their decision and the employer follows the laws
I got my first job at a corner store & deli when I was 14 yrs old and the minimum wage was $4.75/hour.
My responsibilities included stocking shelves, checking in deliveries, sweeping/mopping, taking out the trash and working the cash register. Not fun stuff but it was a job.
I probably worked 10-15 hrs per week during the school year and 25-30 hours per week during the summer.