177: Frank Song - From Sleeping in Walmart to 8 Figures

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 22 April 2021

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Frank Song is currently managing $20 million in committed capital to pursue buyouts of, partnerships with, and/or building highly profitable businesses in unsexy markets. Frank increases enterprise value by implementing large, sustainable competitive advantages into the businesses, such as: increasing operating sophistication, pursuing strategic acquisitions or partnerships to create a national oligopoly or local/regional monopoly dynamic, implementing technology advantages, and increasing performance marketing returns.

Additionally, Frank currently works as a confidential advisor to business with at least $10mm in revenue and politicians to advise on how to implement an art of war campaign in their markets or campaigns to defeat competitors who are larger or better resourced.

Previously, Frank worked at Accel-KKR, one of the top private equity funds (based on returns), where we helped manage the $4.0 billion fund by completing buyouts and growth equity investments of $20mm - $1bn technology companies.

He has contributed capital to:

HighJump (sold for $750 mm)

Zinc Ahead (sold for $130 million)

PageUp (sold – amount undisclosed)

Listen to ILAB 177 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdk
Sam Marks – Thailand / IG @imsammarks
Derek Spartz - Los Angeles / IG @DerekRadio

Sponsor:

Indeed

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Discussed:

Find Frank Song on Instagram: @Franksong
Forbes article on Frank Song
www.franksong.com

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Time Stamps:

11:19 – Why did you choose to live in the suburbs of Ukraine?
13:46 – Tell us a little about your story from how you grew up to now?
15:30 – Explain the “I slept in a Walmart” time of your life
17:50 – How did you make it to Ukraine?
19:37 – How did you get started in investing?
26:12 – What do you traditionally invest in?
29:19 – What are some of the businesses you have invested in?
34:50 – How do you manage all of the businesses?
36:43 – Can you talk about your recent business trip to Dubai?
37:49 – What is your general philosophy on where to invest?
46:50 – Johnny and Derek review

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Transcript

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0:00.0	What is up bosses before we kick off this episode? I want to tell you about our sponsor. Indeed,
0:06.0	they are the job site that makes hiring as easy as one, two, three. Post, screen, and interview
0:13.0	all on Indeed. If you're hiring, you need Indeed. So get started right now with a free $75
0:20.7	sponsored job credit to upgrade your job post at Indeed. So get started right now with a free $75 sponsored job credit to upgrade your job post at Indeed.com slash ILab. That's Indeed.com slash I-L-A-B. Offer valid through June 30th terms and conditions apply. All right. Let's kick off this episode of Invest Like a Boss.
0:39.1	Welcome to the Invest Like a Boss podcast. I'm Sam Martz. And I'm Johnny FD. We're self-made
0:43.8	entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:47.6	Join us each week for exclusive interviews with our network of modern investors, business owners,
0:51.7	and multimillionaires to discover new ways to invest our hard-earned
0:54.7	cash.
0:58.4	Hey bosses, this is Johnny FD millionaire in Ukraine.
1:03.4	You're at Derek Sparix, a future millionaire as well in Venice.
1:07.5	Thank you, hoping to be.
1:09.0	I love how once you officially hit a million, Johnny, you're all
1:11.9	about talking about it now. Just kidding. It's awesome. Yeah. Thanks. Actually, it was weird because I
1:18.9	actually hit it like a couple months ago. I just didn't talk about it. And even now, it feels
1:25.2	our bosses out there. I know.
1:28.2	Yeah.
1:29.0	But, you know, at first I really thought that, like, as soon as I hit it, it'd be like, I would put it everywhere.
1:34.6	I put it in my, like, Twitter handle, my Instagram, you know, my blog.
1:39.0	I would, like, you know, do all the stuff.
1:42.0	And then because I, because it was like like growing up it was hard to be a
1:45.9	millionaire but I feel like it's like this last year 2020 2021 it feels like the stupider the
	...

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