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How I Left Goldman Sachs and Turned $25k Into an $11M Live Lobster Business | Alex Schultz Interview
Description
Not too many folks are willing to quit their job at Goldman Sachs to start a holding company.
It gets even better…
He even decided to move from the US to Hong Kong.
That’s the story of Alex Schultz who grew a live lobster business to $11m a year; growing 20-30% per year.
- Convincing the Hong Kong government to grant him a Visa to build a business
- Printing out Google Maps to find the first suppliers (IT WORKED!!)
- Bootstrapped business, selling $11m worth of live lobster per year in Hong Kong
My conversation with Alex Schultz of Turnbury Group.
Enjoy.
Show notes:
00:00:00 - Intro
00:00:24 - Early days after Goldman Sachs
00:02:22 - Finding the right company
00:07:37 - Moving to Hong Kong and not knowing anyone
00:14:31 - The story of founders who lived in China for $1 a day
00:17:40 - Printing out Google Maps to find suppliers
00:22:00 - Initial investment $25,000
00:31:55 - The first 12 months and all challenges
00:37:34 - Cash flow is what keeps you in or out of business
00:44:50 - Building relationships with 2nd and 3rd generation business owners in Hong Kong
00:49:50 - Stay in Hong Kong or go back to the US?
Follow Mikk/PrivatEquityGuy on Twitter: https://x.com/PrivatEquityGuy
Alex on Twitter: https://x.com/mrturnbury
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.