11 controversial lessons I learned from my father on running a small business.

While these lessons are not the gold standard.
At times I've seen these to be true.

A Thread.⤵️

A THREAD on how most real estate folks structure deals with outside investors.

Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.

I spoke to 1,700+ people about remote work in 2020

A few predictions of what will happen in 2021

[ a thread ] 💻🏠🌍

🎟 Remote competition: @FrancisSuarez is the first person to wield the power of Twitter to attract remote talent

Almost every region that has something which would attract people to move there will do the same thing

Incentives for remote talent to move will grow quickly

⏰ Async-first: People now see offices are instantaneous gratification adult kids clubs where sync work makes it impossible to get stuff done

Tools that enable async work are the most important thing globally remote teams need. A lot of startups will try to tackle this

🏢 HQ Slashed: Companies of every size cut their commercial office space by 50-70%

People will work remotely 2-4 days a week, and come into the office 1-2 days a week

Companies will provide a great setup at home for their workers

🤕 Injury explosion: Companies that don't provide the right tools & equipment begin to get Sued for Millions of Dollars

This rapidly becomes a key point of differentiation between companies they use to attract & retain talent

Apologies for tweeting about European Land so much yesterday, but this article was a significant moment for us. For more than 3.5 years we have suffered enormously and this has mostly gone under the radar in the

2/ The Times article is the first recognition of the Reubens involvement in the cladding scandal. From the time we discovered we had ACM, European Land has refused to contribute a single penny towards the remediation. Even after their own intrusive survey showed that the missing

3/ fire breaks and flammable insulation they installed were AGAINST regulations, they still refused to contribute to fix their mistakes.

4/ To make things worse, their aggressive behaviour meant they issued S20 notices against leaseholders and started billing us for millions from as early as 2018 (two years before any remediation works had even started). They then instructed their lawyers to take actions against

5/ against leaseholders and started proceedings against us if payments of £40,000-60,000 were not made within months. The stress and misery this caused us we will never forget or forgive.

1/

Thread:

#DishaRavi, one of the founders of "Fridays for future India" has been arrested promptly by Delhi Police.
Let's look at why this was the best move to make.

Also let's see who she is and what her connection is to Greta.

2/

At first glance, you can find that Fridays for Future is an organization founded by Greta Thunberg with branches who conduct school strikes all across the world. Like so.
India, as you can see, is No. 3. And this is the map within India. South seems to dominate. AND

3/

They have global "protests" in almost all countries.
Coming to Disha Ravi, she's an "activist" from "Fridays for Future India" and was featured in Vogue when she joined, providing an educated guess that she may be leading the movement in India. Now...

4/

Let's see what this "climate activist" has done. This is a snippet from Fridays for Future India. As we can see, they have planted weeds all across India. The second SS is a snippet of their "actions" as found on their int'l website. India seems to be one of the highest.

5/

Doesn't end here. This is a snippet from Fridays for future India's instagram page. Take a look at the dates. No need to explain this.
Arresting this woman was the BEST thing that our Police have done till now. They seem to instigate people against GoI, running an agenda.