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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: You Can Become An "Angel Investor" w/ Chris Lustrino

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6592 Ratings

🗓️ 5 August 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 04:28 - What an online private market is, what equity crowdfunding is, and how Title II of the JOBS Act made both possible. 07:20 - How running a ratings business helped Chris with his own business. 07:20 - How a ratings business remains objective when analyzing other private businesses. 10:58 - What to look for when analyzing a private business and how it is different from analyzing a publicly traded company. 33:20 - How Chris views diversification when investing in private companies and how important it is. 35:47 - How returns in private businesses differ from traditional public stocks. 44:12 - How investors actually realize returns and how they get liquidity. 48:53 - What specific security types people should avoid as investments. 49:25 - What SAFE is as an acronym (S-A-F-E), and not just the word “safe” as a security type. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Related episode: Investing Strategies and Personal Finance Tips w/ Shark Tank’s Kevin O’Leary - MI058. HBO Documentary on Theranos and Elizabeth Holmes, The Inventor: Out for Blood in Silicon Valley. Jason Calacanis’ book Angel. Mohnish Pabrai’s book The Dhandho Investor. All of Robert’s favorite books. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Chris: Website | Twitter | LinkedIn Connect with Robert: Website | Instagram | Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.9

On today's show, we continue to revisit some of my favorite podcast from the past in this

0:08.4

millennial investing rewind.

0:10.2

If you've missed our previous rewind episodes, we've started to reshare some older episodes

0:15.7

that are my favorites for a few reasons.

0:18.7

One, we get a bunch of new listeners each week, so the new listeners may not have heard

0:23.1

this episode before.

0:24.7

Two, even if you've been listening for a while, you may have missed this episode when

0:29.2

it originally came out.

0:30.9

Or three, even if you've heard it before, it can be a great episode to learn from again.

0:36.4

If you've already heard this episode or you're not interested in hearing it, feel free to

0:40.0

just skip it.

0:40.7

There's no harm in that, and you can pick up with our new episodes next week.

0:44.9

All right, guys, that's all I had for you for this new intro.

0:48.2

Everything going forward is going to be from the original show.

0:51.3

Hope you guys enjoy it.

0:56.0

In this episode, I talk with Chris Lestrino about online private markets, equity crowdfunding,

1:02.8

how to value, analyze, and rate private businesses, how that process is different than it is

1:08.2

for publicly traded companies, and much more. I've recently

1:12.0

entered the world of equity crowdfunding myself as an investor, and I have found this space

1:16.8

absolutely fascinating lately. I really enjoyed this conversation with Chris, and I'm sure you guys

1:22.6

will too. Let's get into this week's awesome episode with Chris Lestrino.

...

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