Nick Fisher explains why a recent venture made $0: it's outside his core focus of managing portfolio money. He's overhauling GEX Intelligence post-Mastermind #3, targeting over $100 million in revenue this year, with historical EBITDA margins of 20-50% across his brands.
We made $0 because this isn't my like core business. My core business is portfolio money. What's the impetus for today? We did a bunch of rehauling after Mastermind number 3 for GEX Intelligence, of which we have, if everything goes right this year, over $100 million top line rev. Historically, somewhere about 20 to 50% EBITDA across these brands. That's the average range. Sometimes they don't make money. Sometimes they fail. Obviously, there's exceptions everywhere. Sometimes Cole Gordon sends me a screenshot and he's like 80% profit margin for the month, so anything is possible.
