Ben Rudman (@rudman

Ben Rudman

2,387 posts

Ben Rudman

@rudman_ben

3x Builder/Operator (2x exited; 2 current) in Food & Bev CPG || Current CEO @Celtic Sea Salt || Jesus || Lover of My Family (Wife + 2 Kids) || Colorado Sports

Colorado, USA

Joined August 2018

Pinned
Ben Rudman
@rudman_ben
Jan 9, 2024
I’ve had a busy five years as both a CEO and fundless private equity sponsor. I haven’t spent a lot of time on Twitter, so I wanted to reintroduce myself. Here’s what I’ve been up to: - Building a food manufacturing business from low double digits of enterprise value to a
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Ben Rudman
@rudman_ben
May 2, 2020
THREAD: WHY IS COVID SPREADING IN MEAT PLANTS? So far the public discourse I have observed has been harshly critical of Tyson, Smithfield and the meat industry for well documented SARS-Cov-2 outbreaks.
Ben Rudman
@rudman_ben
Mar 24, 2021
1. If you bench 225, you’re stronger than 99% but only maybe 1% of male powerlifters. 2. If you’re chess Elo is >600 you’re better than all your friends but terrible in tourneys. 3. A 40 yd under 5.3, you’re blazing fast against normies & slow in sports. What’s this called?
Ben Rudman
@rudman_ben
Apr 2, 2020
Let's get something straight. If SMBs had built large cash reserves over the past 10-12 years, unemployment would never have been <4%.
Ben Rudman
@rudman_ben
Mar 28, 2020
Replying to @angelf_tweets @MRKR and @tomcolicchio
Net worth != liquidity. His net worth WAS $20 million until the assets worth that much went to $0. He can’t personally afford to pay 300 people.
Ben Rudman
@rudman_ben
Jan 18, 2020
If you don’t believe the things of this world fade quickly, try working out consistently for 10 years and then let it go for 3 months.
Ben Rudman
@rudman_ben
May 29, 2020
Ah, yes. All those profits.
Elizabeth Warren
@ewarren
May 28, 2020
Uber, Lyft, and Doordash have stockpiled $110 million to pass a misguided measure to avoid prosecution and protect their profits. Gig workers are struggling on the front lines of this pandemic—it’s time for us to show them whose side we’re on. I urge Californians to vote no.
Ben Rudman
@rudman_ben
Jan 10, 2024
In PE, the next wave of fools will rush in saying that “value add” is the way forward. What they don’t realize is that the conditions below resulted in undifferentiated returns, so everyone flocked to value add 10 years ago. Value add is table stakes. Now, it’s more about
Omar Morales | Miami Multifamily
@OmarMora1es
Jan 10, 2024
The latest from Howard Marks. Do you agree or disagree with # 4?
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Ben Rudman
@rudman_ben
May 22, 2021
Me: Hi business broker. I want to buy consumer packaged goods businesses w/ $1-$8M EBITDA. Got any for sale? Broker: Yes. Here is a teaser for a structural steel fabricator supplying contractors.
Ben Rudman
@rudman_ben
Jul 29, 2020
Replying to @lpolovets
Buddy. There are $100mm companies making $1mm+ decisions everyday without so much as monthly financials, let alone specialized tech. Excel would be a step forward for many. Tbh, many can run an information driven business on Quickbooks, a BI tool and Excel and be very successful
Ben Rudman
@rudman_ben
May 2, 2020
Replying to @rudman_ben
TL;DR My following thread is long AF. Ultimately these plants circulate air and fell victim to PPE shortages early in the game. The cat has been out of the bag and structural/societal/plant dynamics haven't helped.
Ben Rudman
@rudman_ben
Jul 30, 2020
If I die today, my single biggest regret will be that I did not help nearly enough people understand the glorious riches that are to be found in Jesus Christ. Instead, I cared too much about myself: ambition, leisure, even family. Help me live a life that matters, God.
Ben Rudman
@rudman_ben
Mar 24, 2021
Replying to @rudman_ben
I think I agree that this is illustrative of power laws. These examples are essentially the heroes of the long tail. I think it exists in business too - the plumbing contractor with $5M sales/$500K SDE is richer than most but not truly wealthy.
Dave Friedman
@friedmandave
Mar 24, 2021
Replying to @rudman_ben
A power law distribution
Ben Rudman
@rudman_ben
Aug 18, 2020
People ask me why I started an independent sponsor. Easy. Private Equity wouldn’t hire a non-target school, non brand-name IB scrub. So I started my own. I’m not as scrappy as this dude - working construction in the AM but I find his story rejuvenating.