In this episode I speak with Darren Gleeman of MBO Ventures in New York City aafter he’s just spotted some whales and dolphins frolicking in the waves off Long Island. It’s the summer doldrums so we chew the fat about the challenges for private companies operating in the current market. Darren has some insightful thoughts aboy the intersection of cannabis and Federal politics, thoughts on the DEA’s next move with regard to re-scheduling and how SME cannabis operators are building brands and market share.
Finally, because it’s August here’s an AI generated image of a Koala talking to some Long Island dolphins on a podcast!
Darren Gleeman
Bio ( Linked In)
Darren Gleeman is a financial expert. Darren is the Managing Partner of MBO Ventures. He was the founder of e-Coupons, Managing Partner of both GMD Trading, and GB Trading. He’s highly sought after for his ESOP knowledge and financial acumen, as well as being a prolific angel investor with early investments in companies such as Screaming Media (NASDAQ:SCRM), Blackboard (NASDAQ:BBBB), Social Radar and his latest investments in ClassEdu and Accelerant Manufacturing.
Darren understands finance. Beginning at Wharton, he understood the value of hard work, quantitative modeling and the scientific method. From there, he founded a firm that took the human element out of trading. He transitioned the company into one of the first high frequency trading platforms in the world, trading over 1% of all US Equities every day.
Today, Darren is the managing partner of MBO Ventures (www.mboventures.com). The firm provides ESOP Expertise & will invest it’s capital alongside company owners and/or the management team. MBO implements exit strategies, whether it’s for family succession, a management buy-out, or a 100% sale to employees.
To accomplish a successful exit, a business owner can sell their firm (or a portion of it) to their employees via a leveraged ESOP.
Congress has bestowed tremendous tax advantages on this structure (ESOP), enabling owners to earn significantly more money when selling to an ESOP, over private equity. Let us educate you:
1. No employee funds required.
2. Owners can defer their capital gains on the sale of the company indefinitely.
3. 100% S Corp ESOP is a tax free entity.
4. Loan principal to buyout owner is paid back with pre-tax dollars.
5. Owner can still maintain managerial control and upside potential.
6. Employees keep their jobs; become owners; work harder and better
