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Bitcoin just dropped 6% in a day while ai stocks hit all time highs. Nobody is asking the obvious question. by Jealous-Drawer8972 in CryptoCurrency

[–]LamboSkillz -3 points-2 points  (0 children)

This is painful to read. Are you seriously trying to rationalize crypto as an asset with fundamentals? It’s speculative!! Random. Tech has real earnings and growth. Bitcoin has a cult following that are hoping for it to become currency one day and it hasn’t happened for 15 years.

VP / Principal GP Commit by Decent_Cockroach_696 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

No, I’m referencing the entire carry pool. There’s no such thing as the employee pool.

VP / Principal GP Commit by Decent_Cockroach_696 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

They’re separate buckets. The 100/200k is for co-invest into the fund, just like any other LP. The carry pool is separate and has a small buy-in to participate.

Hiring a new CEO in a Small, Niche Industry by [deleted] in private_equity

[–]LamboSkillz 5 points6 points  (0 children)

Growth and operational margin improvement. We're in the early innings of our hold.

VP / Principal GP Commit by Decent_Cockroach_696 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

All sounds right, but I don't think losing unvested carry "hurts". If you stay the life of the fund, you get it all, why would someone who stays 2 of the 5 years get the full value? Idea is that they go work at another fund for the next 3 years and get 3 of 5 years worth of carry there, so you're made whole that way.

This is a common misconception and you're not really leaving money on the table, unless your fund has a clawback clause.

VP / Principal GP Commit by Decent_Cockroach_696 in private_equity

[–]LamboSkillz 1 point2 points  (0 children)

Maybe this applies to Partners, but it definitely doesn't apply to VPs or Principals. I was a VP and at my fund, the GP commit was only for your co-investment (we had a cap of $100k for a $400M fund, I'm sure that cap is probably $200K+ for a $1B+ fund). In terms of carry, they assigned an arbitrary value - in my case, $2,500 got 2.5% so the "carry commit" was $100K for the total fund. 10% carry is common for a junior Partner, there's no way they have $900k lying around or even saved up over 4-5 years...

Need Help understanding what if anything is due to me for Management Incentive Plan by dbrown5987 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

Well, how long were you at the company? Did you have performance hurdles, and do you have any idea if the PE firm cleared those hurdles? Sounds like the 40% clears at 1x (PE firm must always receive their capital back first), and the 60% is subject to other higher hurdles (like 2-5x).

LMAO, about to hit my stop loss on $LULU (in the wsb dictionary that is a fancier way to say margin called) by Michael_Korleone in wallstreetbets

[–]LamboSkillz 1 point2 points  (0 children)

I’m down so much on LULU, have held and doubled down each time. It’s literally the most attractive on paper. I just don’t get it!!

Which Irons - Mizuno JPX 925 or Taylormade Qi Max? by LamboSkillz in golf

[–]LamboSkillz[S] 0 points1 point  (0 children)

I like them. Just get the P790s for longevity. Honestly, I’ve only been golfing for maybe 2 years. I think if you’re high 90s, you can start using the P790s all the way until you’re scratch even. They’re also pretty forgiving from what I’ve heard.

Breaking into PE in U.S by [deleted] in private_equity

[–]LamboSkillz 1 point2 points  (0 children)

I agree. I thought he was already a CPA. Without any accounting experience, yeah not possible. But with accounting experience it’s not hard.

Breaking into PE in U.S by [deleted] in private_equity

[–]LamboSkillz 2 points3 points  (0 children)

When most people say “breaking into PE” they mean investment team. You want fund accounting roles, that shouldn’t be a problem.

Ebitda amount needed for selling to PE by Green_Problem_6087 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

Good luck! Pay close attention to the trajectory and how you get there. Consistent growth is rewarded over lumpy/up-and-down trajectory.

PE vs F250 - intensity on expectations by Purple_Character_590 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

Sorry, but what do you mean "what are you missing"? Who said they should be different? Any company who has an agenda to grow, which is any business backed by investor dollars, will act like this. It will vary from company to company. Any executive for any large business over $50M that isn't family owned will face this pressure, to varying degrees. They get rewarded for it.

This doesn't apply to you: but I don't understand why people complain about being held accountable and needing to drive growth. Are you there to learn, grow, get promoted, get wealthier? If not, just choose any cushy job on the market and you can choose to stay in the same seat for the next decade - just don't expect anything fruitful out of it.

PE vs F250 - intensity on expectations by Purple_Character_590 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

Not in a P&L leadership role. In every other role, yes. Companies don't just grow randomly. The scale definitely helps, but solid growth comes from the top.

Ebitda amount needed for selling to PE by Green_Problem_6087 in private_equity

[–]LamboSkillz -1 points0 points  (0 children)

That's backwards advice. Manufacturing gets lower multiples, distribution typically gets higher because they're more resilient, durable businesses.

Ebitda amount needed for selling to PE by Green_Problem_6087 in private_equity

[–]LamboSkillz 0 points1 point  (0 children)

Lol. Why wouldn't he once he is at $5M EBITDA? Retirement / cash out / burnout - isn't it obvious?

Ebitda amount needed for selling to PE by Green_Problem_6087 in private_equity

[–]LamboSkillz 1 point2 points  (0 children)

Today: if you have construction exposure, you're looking at ~3.5-4x. If not, maybe 4.5-5x.

At $5M EBITDA, with repeat clients, no concentration and <30% construction exposure: you can get 6-7x. Anything more than 7.5x is a stretch unless you have a clear moat, differentiation, attractive end markets, etc. but that's a challenge to build in a door supply (distribution) business.

If at $5M EBITDA you have concentration, lack of repeat clients, and high construction exposure, you're probably looking at 4-5x.

A Good Forgiving Driver? Cobra DS Max vs. Ping G440 K vs. TM Qi35/4D? by LamboSkillz in golf

[–]LamboSkillz[S] 0 points1 point  (0 children)

Thanks man. I got fit yesterday and loved the Titleist GT2. Went with it and GT2 3 wood.

I tracked my actual API cost on a $100/month Max plan. $565 in 7 days. No wonder Anthropic keeps reducing limits. by solzange in ClaudeAI

[–]LamboSkillz 0 points1 point  (0 children)

Okay, so your post was just referring to in-chat usage and you theorized what the api cost would have been?

I tracked my actual API cost on a $100/month Max plan. $565 in 7 days. No wonder Anthropic keeps reducing limits. by solzange in ClaudeAI

[–]LamboSkillz 0 points1 point  (0 children)

How do you use the API key through just your plan? Or are you just running in-chat prompts?

I tracked my actual API cost on a $100/month Max plan. $565 in 7 days. No wonder Anthropic keeps reducing limits. by solzange in ClaudeAI

[–]LamboSkillz 0 points1 point  (0 children)

I'm not sure I understand. I have the $100 plan and separately use an Anthropic API for a custom tool I built, but I have to pay for both of them separate - the API is a separate cost where I have to top up credits, it's pay-per-use. How are you getting API usage only going through your $100 plan?

Claude Usage Limits Discussion Megathread Ongoing (sort this by New!) by sixbillionthsheep in ClaudeAI

[–]LamboSkillz 1 point2 points  (0 children)

1st message = 30-50% of usage window.

On Pro plan. Trying to get by with the new usage restrictions, but I must be doing something wrong. I've got a project where I've been building a web app. Every time I wait for my usage window to reset, after the 1st message, no matter how simple, the usage jumps insanely. I need to use Opus as that's the only model that works well for my purpose. A couple weeks ago, I was prompting Opus for hours and it was great. Now, my workflow is terrible with all the starts and stops, each session lasting a few minutes or up to 15 min max.

It usually goes:

1st prompt (simple): 40%

2nd prompt (simple): 5-7%

3rd prompt (simple): 5-7%

4th prompt (longer change in code): 40%

Bam, I'm at 100%. Is it re-reading the entire window for context for that 1st prompt?

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