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.