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Codie Sanchez 💥 Profile picture
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11 Jan, 7 tweets, 2 min read
One of my weirdest angel investments (a fortune cookie company), made me $300k in 4 years w/ a $25k investment.

Here's what happened...
I was friends with the founders.

Kinda thought the idea was meh (ads inside fortune cookies).

But I liked the guys, they'd won before with this product (ha) and I said I'd do it so I invested.
Very few updates from them, no real big wins or revenue hit.

I actually (sorry guys) wrote the investment off as a $0.
Turns out instead of tweeting or updating me they just had their heads down building a "boring" business into a nice lil 12xer for investors.
Then crypto hit, cannabis hit and a bunch of sectors (gambling, lottery) that couldn't do traditional advertising needed a solution.

So where'd they go? MFing fortune cookies.
Before I know it the guys are building a factory, getting bigger investors and raising again.

And they're crushing it.
What I learned in investing again and again.

#1 If you're going to gamble in startups... bet on the founders.
#2 Winners win, if they've swung and hit big before, pretty good chance on round two.
#3 Don't underestimate tailwinds.

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More from @Codie_Sanchez

Codie Sanchez 💥 Profile picture
13 Jan
The investing legend, called the Indian Jones of finance - Jim Rogers, made $100s of millions & was up 4,200% during a bear market…

Here’s how he told me he's investing today:
Jim is a Wall St legend.

He’s worth 100’s of millions of dollars

He cofounded the Quantum Fund w/ George Soros.

He traveled the world investing on a motorcycle...
After he co-founded the Quantum Fund w/ George Soros in 1973 — in the middle of a terrible bear market, he returned 4,200%.

He then closed his fund to explore the world at the height of his fame in this bad boy.... Image
Read 19 tweets
Codie Sanchez 💥 Profile picture
12 Jan
How to get rich rapidly?
Live like you're poor.

11 ways I still live cheaply so $ is never a worry...
Airbnb Even When You Don't Need To:
- for as long as I can remember, I've rented out my house (for at least some portion) on Airbnb
- now I do it for all my properties

Yes even my main house. (weird to say "main house" outload - rich ppl sh*t).
Always Ask for Discount:

I used to think it was cheap to ask for discounts almost constantly. I thought it made me look poor. Then I traveled with my partner at my PE fund and he did it nonstop.

His reason - "No one does it, so more often than not, you'll get one."
Read 13 tweets
Codie Sanchez 💥 Profile picture
10 Jan
The Self-Defeat Phenomenon.

I've seen it today more than ever before. Here's how it works, and how it might be holding you back:
The phenomenon was first described by researchers Stephen Berglas and Edward Jones in a 1978.

They called it self handicapping and their study was fascinating...
They gave students unsolvable and solvable puzzles.

Then after said they'd done well.

Those with the unsolvable puzzle were confused, they failed? They were nervous, uncomfortable.
Read 13 tweets
Codie Sanchez 💥 Profile picture
9 Jan
New faces... a bit of backstory -> I was burned out in finance, working on someone else's schedule, tired of having my time tied to money.

So I started investing in cash-flowing biz's.

Not sexy startups, but boring, everyday businesses.
One of my fav businesses early, easy to startup not a ton of capital biz's = laundromats

They are often overlooked for the returns you can get

One of mine netted $67k a year after I bought it for $100k
I asked myself:
How could I work when I want, where I want and on what I want?

Problem:
I'm not smart enough to create the next Tesla, Bitcoin, FB, etc.
Read 9 tweets
Codie Sanchez 💥 Profile picture
7 Jan
How a 28-year-old turned garbage into a $67.5 billion-dollar company:

No college degree, no VC funding, one secret:
Picture this... It’s 1962 (eek 59 years ago) and you’re fresh out of the army.

You’ve got only a high school diploma to your name. No hard skills. And you’ve certainly got no money.

Anyone with a brain would first lock down a job, right?
Not this guy.

Meet Harry Wayne Huizenga. Founder of Waste Management, who went from college dropout to building the world's largest garbage company.

They did $15Billion in revenue just in 2020.

One man's trash right?
Read 17 tweets
Codie Sanchez 💥 Profile picture
3 Jan
You guys want me to tell you all the businesses I own?

My lil baby Berkshire (ha wishful thinking) of 30ish biz's in the making...
Disclaimer:
Not a billionaire.

A lady asked me once, "How does it feel to be rich."

I chuckled. I guess teen Codie would think I was rich. Feels weird.

I still worry about $. I DO pinch myself I haven't had debit card balance go negative in a long time. 🤷‍♀️
Ok well then.. first up one of my very first companies...

Fortune cookie marketing firm.

Yup, that's a real thing. You know those ads in fortune cookies. That's a biz I own part of.
Read 24 tweets

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