Thomas Ince Profile picture
Nov 10 9 tweets 4 min read
Hot Take:

Twitter will be more valuable than Facebook & TikTok combined in 36 months.

How?

Let me tell you🧵👇

@elonmusk #x.com #x #vine
#1: Payments through X.com. I think something big is brewing with https://t.co/UMSchznvhk where Elon is going to add payments through Twitter.

Payments are in his blood and he had big plans for it with Paypal, before they sold it. See cards here Elon and Peter
#1 continued. When Paypal was sold, X.com (his original idea went with it). In 2017, Musk worked out an agreement to buy https://t.co/UMSchznvhk back from Paypal for a rumored 7M.

Originally Paypal was supposed to be a radically different company, where..
#1 continued

it would would be a payment network outside of the existing banking system. I believe, X.com will be similar to what Libra was for Facebook.

The regulators did not like LIbra and people don't trust Zuck. I believe X will be crypto...... Image
#1 continued

...crypto based through the lightning network or through some type partnership with Dorsey at Square. Image
#2 Twitter will Bring back Vine and eventually TikTok will be banned.

The privacy issues and connections to China will be too much, and TikTok will be banned in the next 3 years in the USA. Vine will be released and Vine will be what TikTok was. Image
#3 Current growth

Currently, Twitter is at an all-time high after the Elon purchase. Being the town square of the internet and removing bots will continue to push that growth higher.
#4 WeChat for America

WeChat is the most popular app in China. It is an all in one app doing payments,social media, and messages. Twitter , through X.com , Vine will be the closest to that we have seen in the USA.
That's a wrap!

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More from @thomasince

Nov 12
Business Buyer Beware:

When you buy a business, always be prepared for sellers to retrade you on price at the last minute.

Often this is b/c EBITDA has trended up, or maybe they are having cold feet.

Here are some tips we have used buying 31 businesses to fight it

🧵👇
#1: Calculate FCF and compare it to EBITDA.

Often FCF is less than EBITDA. Let's say I went under LOI at 900k of EBITDA and TTM is now at 1M at the time of purchase, but with cap ex and AR issues its only 600k of FCF. Say something like this.

#1 continued.....
"EBITDA is a proxy for cashflow, that's why investors use it. We calculated your cashflow and it ends up you are only 600k so we are internally having some concern b/c we assumed it was 900k at the time of LOI". Then bring up point #2 which is
Read 15 tweets
Nov 5
If you're starting or buying a business. Remember these four letters.

QSBS

This stands for Qualified Small Business Stock, and you can save millions in taxes if you do it right. You get up to 10M-500M in tax-free gains.

I've used this before and here is why I love it👇
#1: If you sell your business, you get 10M in tax-free gain or 10x your basis, up to 50M.

So if you put in 5M, you can get 50M tax free....
#1-continued

Needs to be in a C-Corp

Needs to be newly issued stock....so you can't just buy someone's shares.

So, if you wanted to buy a 5M EBITDA business and distribute the cash to you..you can't unless you pay double taxes (dividends).

You have to own for 5 years.
Read 10 tweets
Nov 5
If you're looking for a great business to buy or invest in. One thing many great businesses have is

High Gross Margins.

Think 80% or so............
You don't want high capital expenditures, which is destructive during an inflationary environment.
Can you raise prices higher than inflation each year? That is a good test
Read 4 tweets

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