Bridger Pennington describes how his father and partner bought box seats to Lakers and Jazz games to access wealthy prospects and gatekeepers. The strategy raised roughly $70 million.
And he said, we've equated about $70 million we raised from that strategy. There are 2 ways to get into rooms. Work your way into these rooms, or you can buy your way into these rooms. I'll give you a real story. This is my dad and his partner. They're broke. They're brand new. They're just in this 2 little person office. His partner walks in one day and says, John, I just spent a bunch of money on box seats to the Utah Jazz. And it's all their money. It's all their startup capital. And my dad's like, what are you doing? And he's like, well, before you like get mad at me, he goes, we're calling up all these wealthy people and they all tell us no. They got a gatekeeper. They got a receptionist. Oh, sorry, Mrs. Johnson can't meet with you. She's busy, blah, blah, blah. And he goes, but if we call up and we say, hey, Mrs. Johnson, the Lakers are in town tonight. We've got 2 tickets for Mrs. Johnson and her husband to come. There's dinner beforehand, parking. Would she like to come to the Lakers game tonight? 9 times out of 10, that assistant's going to pass that note on. Last I talked to them, he said, we've equated about $70 million we raised from that strategy. Crazy.
The AI stack is trying to consolidate to a winner take all, do you think it'll stay fractionalized
Before you launch a fund, triple check your fund attorney actually filed everything.
