**Huge Announcement**
Sharran Srivatsaa is joining us as Managing Partner, and President of ACQ.COM
To explain how big of a deal this is, I’ll cite a recent article…
“Like Michael Jordan in his prime, he’s stepping away from his president role at a peak moment, having led Real to heights no other brokerage has achieved in such a short time.”
Sharran joins us directly from $REAX – scaling it from $200M to $1B+ Market cap in under 3 years – in one of the worst real estate markets in recent history.
Prior to that – he ran Srilo Capital – his family office that focused on PE, Tech, & Real estate.
Prior to that, he scaled Teles from $300M in volume to $3.4B which he then sold to Douglas Elliman.
He has 5 major exits under his belt. And in between worked at Goldman Sachs and was a pro tennis player for five years.
TLDR: He comes to us with deep tech, finance, public sector, real estate, M&A and operational knowledge. He’s really good and really smart at a lot of stuff.
On a personal level: I’ve known Sharran for 6+ years. The first time we spoke was for 4 hours on a random weeknight. We became instant close friends. He’s one of the few people I can call with good news, bad news, or for advice.
We’ve partnered on every multi-family real estate purchase I’ve made in the past 5 years (I think?).
In short, Sharran is great. And now, he’s joining ACQ, making ACQ even greater.
WHAT THIS MEANS FOR YOU:
You’ll get more “advanced business” content.
You’ll get more visibility into our investing side (I’ve kept this more private, but that will change soon). We’ll be sharing our deals more publicly.
We’re starting a Behind Closed Doors podcast for those of you who like the more advanced stuff (think higher level ops, org design, investing, private equity, real estate, alternative assets, etc)
And…we have a big amazing thing planned that I can’t wait to tell you about.
Until then, please join me in welcoming Sharran Srivatsaa to ACQ!
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If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $250,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of https://Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money – not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
DISCLOSURE
Information shared here is for educational purposes only. Individuals and business owners should evaluate their own business strategies, and identify any potential risks. The information shared here is not a guarantee of success. Your results may vary.
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