How I Left Goldman Sachs and Turned $25k Into an $11M Live Lobster Business | Alex Schultz Interview

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 KongMy conversation with Alex Schultz of Turnbury Group.Enjoy.Show notes:00:00:00 - Intro00:00:24 - Early days after Goldman Sachs00:02:22 - Finding the right company00:07:37 - Moving to Hong Kong and not knowing anyone00:14:31 - The story of founders who lived in China for $1 a day00:17:40 - Printing out Google Maps to find suppliers00:22:00 - Initial investment  $25,00000:31:55 - The first 12 months and all challenges00:37:34 - Cash flow is what keeps you in or out of business00:44:50 - Building relationships with 2nd and 3rd generation business owners in Hong Kong00:49:50 - Stay in Hong Kong or go back to the US?Follow Mikk/PrivatEquityGuy on Twitter: ⁠⁠⁠https://x.com/PrivatEquityGuy⁠⁠⁠Alex on Twitter: ⁠⁠⁠https://x.com/mrturnburyThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.