Nick Symmonds Company Worth 10+ Million - Haters Go Home Devastated

sbeefyk2 wrote:

I work in private equity and have access to Pitchbook, so let's check it out. Interestingly, Run Gum's legal name is Gold Medal Inc. Anyways, off we go:

April 2018: The company raised $22,395 of product crowdfunding via Kickstarter on April 1, 2018.

January 2019: The company raised $800,000 of convertible notes from undisclosed investors on January 1, 2019.

July 2019: The company raised $1 million of seed funding on an undisclosed date.

May 2020: The company raised an undisclosed amount of Series A venture funding in May 2020.

A couple things come from this. First, as you can see below, the post-valuation data is missing for the most recent deal. So, Nick if you're reading this, I recommend you or your VC investors contact Pitchbook to get this information added to Pitchbook. Private equity data is hard to come by and we in the industry appreciate when accurate figures are reported. Second, based on the video, Nick never mentioned a May 2020 deal, so I'm thinking the July 2019 and May 2020 deals are the same? Perhaps it took almost a year to close and it was duplicated? Again, Nick, if you're reading this, get on Pitchbook and sort it out. Or email me and we can walk through it.

Obviously, as Nick said, Nick knows the valuation based on the VC round, so he's not lying. They would have agreed upon the amount of equity for the investment $ to arrive at a valuation, as in Shark Tank. But that info didn't make it into Pitchbook. So, Nick, if you're reading this, get this info updated on Pitchbook.

$10m sounds low. Pitchbook has the revenues for 2018 and 2019 and I won't disclose that because I don't want anyone yelling at me. But suffice to say, if sales growth continued at half the rate it was over 2018 to 2019, and assuming 25% EBITDA margin and using the average industry EV/EBITDA multiple, Run Gum would be worth substantially more than $10m. Even a 10% EBITDA margin, the company is still worth a lot more than Nick's guess.

matt_london_413 wrote:

badhatershate wrote:

Video:www.youtube.com/watch?v=3KDrf5sXXrA

All the "rich" office jockey programmers, accountants, bankers, engineers & lawyers grinding out their 40-60 hour weeks staring at a computer for a couple hundred thousand max are getting owned at their own game by a Youtuber.

That's right haters, Nick Symmonds is a better business man then you too!

Ok cool. Pretty much everyone here likes Nick. This is a scam thread. Meant to give off the illusion that people actually hate Symmonds. If anything we just make fun of him because he's not that strong in the gym.

I just like to mess with him because he put out a 400meter dash/deadlift combo video at heavy bodyweights and could only do like a 56 in the 400 and a 400 lb deadlift at 5'10 and around 185 lbs. While I've done a 550 deadlift and 53 seconds on the same day at 6'0 and 210-214lbs.

Which means i'm a way better overall athlete than he. It's not even a competition.

And that's really cool that he made all that cash. Damn that's alot.

The Gallant Pig Man wrote:

WHAT'S UP GUYS! Pig Man (TM) here! I'm talking in an overly-enthusiastic, gameshow host voice to manipulate YOU into associating my Personal Brand with Ryan Seacrest. Do you find my relentless positivity a little weird and off-putting? That's called being a hater.

I want to start today's video off with a little bit of background about ME. As you know, I'm a former runner turned general fitness addict *cut to photo of Pig Man doing curls in a tank top with gut hanging out* , but did you know that I'm also rich as sh*t? That's right: Daddy drives a Tesla. *cut to photo of Pig Man in tesla flashing "hang loose" hand signal out the window.* It wasn't always this way, though. I spent years gradually building my personal financial portfolio. In this video, I'm going to give YOU my five principles for achieving financial success. I call them the five Ds: *cut to a slide featuring the following bullet points: -Dare to Dream -Dig In -Dedication -Diversify -Dig Out* But first, don't forget to mash that subscribe button.

sbeefyk2 wrote:

I work in private equity and have access to Pitchbook, so let's check it out. Interestingly, Run Gum's legal name is Gold Medal Inc. Anyways, off we go:

April 2018: The company raised $22,395 of product crowdfunding via Kickstarter on April 1, 2018.

January 2019: The company raised $800,000 of convertible notes from undisclosed investors on January 1, 2019.

July 2019: The company raised $1 million of seed funding on an undisclosed date.

May 2020: The company raised an undisclosed amount of Series A venture funding in May 2020.

A couple things come from this. First, as you can see below, the post-valuation data is missing for the most recent deal. So, Nick if you're reading this, I recommend you or your VC investors contact Pitchbook to get this information added to Pitchbook. Private equity data is hard to come by and we in the industry appreciate when accurate figures are reported. Second, based on the video, Nick never mentioned a May 2020 deal, so I'm thinking the July 2019 and May 2020 deals are the same? Perhaps it took almost a year to close and it was duplicated? Again, Nick, if you're reading this, get on Pitchbook and sort it out. Or email me and we can walk through it.

Obviously, as Nick said, Nick knows the valuation based on the VC round, so he's not lying. They would have agreed upon the amount of equity for the investment $ to arrive at a valuation, as in Shark Tank. But that info didn't make it into Pitchbook. So, Nick, if you're reading this, get this info updated on Pitchbook.

$10m sounds low. Pitchbook has the revenues for 2018 and 2019 and I won't disclose that because I don't want anyone yelling at me. But suffice to say, if sales growth continued at half the rate it was over 2018 to 2019, and assuming 25% EBITDA margin and using the average industry EV/EBITDA multiple, Run Gum would be worth substantially more than $10m. Even a 10% EBITDA margin, the company is still worth a lot more than Nick's guess.

wejo wrote:

sbeefyk2 wrote:

I work in private equity and have access to Pitchbook, so let's check it out. Interestingly, Run Gum's legal name is Gold Medal Inc. Anyways, off we go:

April 2018: The company raised $22,395 of product crowdfunding via Kickstarter on April 1, 2018.

January 2019: The company raised $800,000 of convertible notes from undisclosed investors on January 1, 2019.

July 2019: The company raised $1 million of seed funding on an undisclosed date.

May 2020: The company raised an undisclosed amount of Series A venture funding in May 2020.

A couple things come from this. First, as you can see below, the post-valuation data is missing for the most recent deal. So, Nick if you're reading this, I recommend you or your VC investors contact Pitchbook to get this information added to Pitchbook. Private equity data is hard to come by and we in the industry appreciate when accurate figures are reported. Second, based on the video, Nick never mentioned a May 2020 deal, so I'm thinking the July 2019 and May 2020 deals are the same? Perhaps it took almost a year to close and it was duplicated? Again, Nick, if you're reading this, get on Pitchbook and sort it out. Or email me and we can walk through it.

Obviously, as Nick said, Nick knows the valuation based on the VC round, so he's not lying. They would have agreed upon the amount of equity for the investment $ to arrive at a valuation, as in Shark Tank. But that info didn't make it into Pitchbook. So, Nick, if you're reading this, get this info updated on Pitchbook.

$10m sounds low. Pitchbook has the revenues for 2018 and 2019 and I won't disclose that because I don't want anyone yelling at me. But suffice to say, if sales growth continued at half the rate it was over 2018 to 2019, and assuming 25% EBITDA margin and using the average industry EV/EBITDA multiple, Run Gum would be worth substantially more than $10m. Even a 10% EBITDA margin, the company is still worth a lot more than Nick's guess.

Can you explain Pitchbook to us? Why should everyone put their company info in there? You act like it's a grave travesty if he raise money and didn't reveal it to pitchbook. Anyone wanting to invest in him could find that info out.

If he's sharing his financials there why not share them everywhere? Clearly it's not private if you can just look them up.