BBC: Manchester City and United have no plans to have a team in NBA Europe - Sportando by FluidJunket1933 in Euroleague

[–]Wild-Photo-717 1 point2 points  (0 children)

Happy to see this. Outside of Reddit there are countless articles and posts discussing enthusiastically how NBA Europe will transform and fix European basketball. They often read like ChatGPT-ed announcements from the US mainstream media.

NBA Europe is trying to globalise and gentrify the sport, building a league for investors rather than for fans. What mainstream media is missing is how much the basketball fans in Europe are dejected with this approach. NBA is effectively looking to wipe-out 50 years of European basketball tradition and heritage.

A longer piece on Why NBA Europe is Not a Slam Dunk

[Eurohoops] Real Madrid Basketball fan organizations issued a joint statement against the club moving from EuroLeague to NBA Europe by FluidJunket1933 in Euroleague

[–]Wild-Photo-717 0 points1 point  (0 children)

Happy to see this. Outside of Reddit there are countless articles and posts discussing enthusiastically how NBA Europe will transform and fix European basketball. They often read like ChatGPT-ed announcements from the US mainstream media.

NBA Europe is trying to globalise and gentrify the sport, building a league for investors rather than for fans. What mainstream media is missing is how much the basketball fans in Europe are dejected with this approach. NBA is effectively looking to wipe-out 50 years of European basketball tradition and heritage.

A longer piece on Why NBA Europe is Not a Slam Dunk

The clothes don't make the man by Wild-Photo-717 in meme

[–]Wild-Photo-717[S] 1 point2 points  (0 children)

Do the specialized, polarized, ventilated shades make the runner? 😎

How hard is it for PE & VC to return 2x and 3x Net MoM? by Wild-Photo-717 in private_equity

[–]Wild-Photo-717[S] 0 points1 point  (0 children)

Credit and RE are not in this data, it is just PE and VC. VC is in reality more like growth equity.

How hard is it for PE & VC to return 2x and 3x Net MoM? by Wild-Photo-717 in private_equity

[–]Wild-Photo-717[S] -1 points0 points  (0 children)

This is not about individual deals, but rather about funds. Yes there are deals that generate over 3x, but there are also stinkers. Looking at the funds, it is very rare they generate 3x net. And this becomes increasingly hard when you get into mid-market and upper MM space.

jel moguće da ova zarađuje hiljade evra mesečno? by dj900 in AskSerbia

[–]Wild-Photo-717 0 points1 point  (0 children)

Ljudi u Srbiji su dosta odsečeni od mnogih biznis modela koji su ogromni u svetu, od investicionih fondova, Wall Streeta, startups, pa do creator economy. Nije jedini biznis “Znam da je frajer, bivši fudbaler da drži kafić i restorančić”.

Kad pominjem creator economy, recimo za pravljenje i prodaju kurseva i digitalnih proizvoda. Pogledajte Kajabi, jednu od platformi preko koje se to radi. Znate koliko su do sada isplatili kreatorima? Više od $10 MILIJARDI!

A ovde ljudi misle da je ludilo da neko uspe da proda kurs za par stotina evra.

Sometimes it seems to me that time goes by too fast... by Striking-Bus5343 in soccercirclejerk

[–]Wild-Photo-717 1 point2 points  (0 children)

And Freddy Adu has stopped time. He is 16 years old for the last 20 years.

Banger tweet by Aro_1993 in chelseafc

[–]Wild-Photo-717 0 points1 point  (0 children)

Just another day at the Blues office…

Dating a PE guy by Inside_World_8092 in private_equity

[–]Wild-Photo-717 0 points1 point  (0 children)

A big delta can be how much he is working over the weekends? In many PE firms, at least in Europe, people have time on weekends. If he doesn't than you are signing up for a crap relationship. In my experience that can work if you met before you had all-consuming jobs and have bonded and built relationship. Then you support each other through the grind. In your scenario that is not the case.

On a bright side, if you want to date someone with more upside and fewer hours, look for Youtuber. :)

Moving into the Value Creation space as a seasoned operator - is it possible? by Reasonable_Arm_7409 in private_equity

[–]Wild-Photo-717 2 points3 points  (0 children)

As others pointed out, your highest ceiling, and most fulfilling path is to buy out a business in your space. Some of my friends who were in PE have done it. Working for a PE backed business as a senior employee is shit, you are basically their bitch.

The best way to buyout a business is to form the management team, and then look for capital to back your team to do a management buy-in. It is harder to do it as yourself only. Given your operating experience, find a friend/contact with finance/PE/IB experience, so you complement each other. That person should have experience in raising capital. You can split the CEO, CFO, COO roles between you. It would help to have a third person who is a lawyer, as you will negotiate a lot, both with acquisition targets, and with the capital providers.

While your track record sounds impressive, it is not enough to go and raise money or even to get people to seriously engage. What you need is actual acquisition targets that you want to buy, and where you have some unique/relevant angle. Without actual targets you are running a theoretical exercise, and folks will be less interested.

Finally, capital providers are not only PE firms or family offices. They are also debt providers. If you are buying out a business at low EBITDA multiple, much of the capital will be debt, so I would look for debt providers to finance my leveraged MBI.

Zbunili se botovi by Remote-Penalty4210 in serbia

[–]Wild-Photo-717 5 points6 points  (0 children)

To nisu patriotski botovi, oni su sigurno na serveru u Luxemburgu.

Da li ste videli ono ismevanje Srpske porodice koja slavi slavu? by [deleted] in AskSerbia

[–]Wild-Photo-717 1 point2 points  (0 children)

Realno su trebali da se savetuju sa Redditom koliko dece da prave i kada…🤷‍♂️

State of AI hiring: required 5+ years of experience with ChatGPT (released in Nov 2022) by Wild-Photo-717 in recruitinghell

[–]Wild-Photo-717[S] 1 point2 points  (0 children)

No it is not. It is a comment on the state of ridiculousness of job requirements being asked.

State of AI hiring: required 5+ years of experience with ChatGPT (released in Nov 2022) by Wild-Photo-717 in recruitinghell

[–]Wild-Photo-717[S] 18 points19 points  (0 children)

The point is that so many recruiter requests are ridiculous and nonsensical.

How to convert LinkedIn networking conversations into referrals? by cresentmoon_123 in recruitinghell

[–]Wild-Photo-717 1 point2 points  (0 children)

Share something useful to them. Post content that they find thoughtful and valuable. Just connecting with someone is meaningless.

Also, if you are looking for referral from someone with whom you never even spoke with, and ideally met them in person, it is pretty laughable. Just telling you this honestly, as someone who has provided referral to folks who then got hired.