Triago - 28 year old CEO making bank
recently published piece here on Triago
https://finance.yahoo.com/news/28-old-dealmaker-jump-started-113000305.html
what does everybody think ? seems like he introduced primary directs and GP-led transactions to the firm here and managed to convince the Chair to do it even though rest of the committee turned it down initially. now the firm's revenues was $13mm 3 years ago and now expected to be $55mm this year with the direct business as a driving force.
solid comp model here so he must be making bank as the CEO at age 28... - "Triago pays its 55 professionals a huge share of the fees on what they raise. Of the $55 million in revenues, overhead absorbs only $15 million, including salaries. The managers spilt $40 million among themselves and their aides, in deal bonuses as well as the profits shared among the whole team"
i didn't know what kind of start he had but seems like he came from a privileged background, had money, went to great private schools and his dad was connected in the industry... otherwise, no matter the hustling and making connections, it's going to be impossible for most people to achieve what he can do in couple decades... then again, maybe i'm just feeling a little jelly from the article.
Life isn’t fair - dude capitalized on his opportunities
Anecdotes like this trip me up. The face value read is that this guy is a hustler and it worked out, so he is smart and the people who turned him down are dumb. But the reality is for every one of these, there’s 9 people who dialed everyone under the sun with a bad idea and roasted their own reputation in the marketplace. It’s tough to square that with wanting to take conviction in your own new ideas and force them down other people’s throats to achieve success. Most people probably thought he was annoying and maybe it would have been to his detriment and he could have just learned from others and done things the way they were. I guess that is, when it succeeds, what separates the men from the boys.
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Hey good for him, the dude hustles and ran with an opportunity.
His background and family connections definitely helped.
Following, what do you guys think about family offices these days
I know this team extremely well and can shed some light on what this article is not telling you:
yeah agree with all of these points (respectfully, the article does actually your point #1 though directly (it says he recruited his former boss and his former boss' mentor haha). Pretty embarrassing for the former boss, like how do you report to a 27 year old? (the older guy seems to be listed as an advisor rather than active member so it's probably all pure upside for him with minimal work).
Nah, Pilson is full time and reports to Swain. Swain was an analyst for Pilson a few years ago. Lol super wmbarassing
thanks for shedding light and sharing additional details. if you had to estimate, how much would he be making annually? decent 7 figures?
Not to pile on here, but I always thought of Triago's deal flow as fundless sponsor deals that they're trying to push. Surprised family offices would sign up for that stuff.
Where u work?
Yeah, that about tells me all I really need to know
Swain's a huge loser; know him from growing up. Dude couldn't get laid in a monkey whorehouse with a fistful of bananas
LOL
Everyone's gotta make money somehow I guess. Wouldn't be my chosen path given the types of transactions they do but hey, if he's successful and people keep coming for their deals they must be doing something well enough to warrant it so kudos to them.
He describes himself as a gentleman’s B student wtf does that even mean?
I also found it odd that all he did in HS was work after he got off and ended up at Colgate. It’s not a bad school but you’d think with that alleged work ethic and commitment he’d end up somewhere better than that.
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