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Aug 10 6 tweets 2 min read Twitter logo Read on Twitter
Penn lost $800MM on Barstool Sports

Here's their original pitch deck on the acquisition: Image
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More from @BetterPitchGuy

Aug 8
Stratton Oakmont defrauded 1,500 investors of $200MM

Jordan Belfort gave this 'sales script' to his 1,378 employees: Image
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Read 6 tweets
Jul 19
Ever wonder how Alameda Research defrauded investors of $3.7B?

Let's take a look back at their pitch deck: Image
Alameda claimed to have the 'highest and most consistent returns of any crypto trading firm we know of'

They flaunted 110.6% annualized returns trading $150-300MM per day

Seems legit Image
Alameda also claimed they 'haven't had a losing week in six months'

A blatant red flag in the most volatile market in the world Image
Read 6 tweets
Jun 20
Enron is the biggest fraud in history

Here's their 1999 pitch deck: Image
Before their downfall, Enron was attempting to pivot into a new 'communications' vertical

Take a look at their self-proclaimed accolades: Image
Their goal was to reach 100M users

Twitter has 77M active users in the US

Quite the lofty goal for the 'innovative' energy company Image
Read 6 tweets
Jun 14
Ever wonder how AirBNB went from couch surfing to a $132B company?

Let's take a look at their original pitch deck: Image
In 2007, AirBNB founders Brian Chesky and Joe Gebbia just moved from NYC to SF

They had no jobs and money was tight

With a conference in town right down the road, they noticed all the hotels were booked

The only lodging alternatives were overpriced hotels away from the city Image
Desperate to cover their apartment's rent, the duo saw an opportunity

They threw together a few airbeds and a website

The idea?

"Air Bed and Breakfast"

The 26 year-olds then hosted 3 30-45 year-old conference attendees on their floor Image
Read 15 tweets
Jun 12
Ever wonder how Sam Bankman-Fried negligently raised $1.8B from investors?

Let's take a look back at his pitch deck: Image
SBF is facing up to 115 years in prison

His company, FTX, was valued as high as $40B before its collapse

SBF grew a $26.5B net worth from 2019 to 2022 on the back of FTX

He was known for his chaotic appearance, sleeping on beanbags, and romantic relationships with colleagues Image
FTX was the world's third-largest crypto exchange

The exchange was known for its leveraged products, not legal in the US

At its peak, the platform was doing more than $1.5B in daily trading volume Image
Read 6 tweets
Jun 2
Ever wonder how 'Liz' Holmes defrauded investors of $700MM?

Let's take a look back at her pitch deck: Image
Holmes recently reported for her 11-year prison sentence

Her company, Theranos, was valued as high as $10B before its collapse

The 19 year old Stanford dropout was known for her Steve Jobs-esque turtlenecks and fake deep voice Image
Theranos was allegedly building a system that allowed for all medical tests via a drop of blood

1 prick of the finger, less than 30 minutes of waiting, and 100% accurate results

Sounds enticing

(spoiler: it was nowhere near operable) Image
Read 6 tweets

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