Entrepreneur by Profession. Creative by Nature. 🚀 Building Businesses | Creating Experiences 🎧 DJing | 🏀 Basketball | 🚁 Drones 📺 Daily #studiostis3
Athens / Greece
Joined May 2009
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Και το βασικό πρόβλημα στην Ελλάδα είναι ότι έχουμε πολύ κακούς προπονητές.
Κάποτε ήρθαν οι Σέρβοι λόγο πολέμου και μας έμαθαν σοβαρό Μπασκετάκι, τεχνική, στρατηγική, μην το ξεχνάτε... 🏀
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Το μπάσκετ το ξέρω αρκετά καλά ευτυχώς.
Δυστυχώς οι περισσότεροι δεν το αντιλαμβάνομαι και γιατί δεν εχουν παίξει κάπως σοβαρά και επειδή δεν έχουν αντίληψη.
Και το γαμημένο αυτό το άθλημα θέλει υπερβολικά πολυ μυαλό και συγκέντρωση καθώς εχεις στρατηγική σε κάθε μπίστιγμα!🏀✌️
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Michael Kalf retweeted
New Balance is a fascinating case study.
The company was founded in 1906, but Jim Davis purchased it in 1972 for $100,000.
It had just six employees making 30 pairs of running shoes a day, and Davis financed it with $10,000 down.
Davis still owns about 95% of the company today, and its sales have EXPLODED over the last six years.
New Balance Annual Revenue
• 2020: $3.3 billion
• 2021: $4.4 billion
• 2022: $5.3 billion
• 2023: $6.5 billion
• 2024: $7.8 billion
• 2025: $9.2 billion
Nike is now only 5x bigger than New Balance — it was 11x bigger before the pandemic — and New Balance added more revenue last year than On and Hoka combined.
New Balance has also signed a ton of athletes, including Shohei Ohtani, Cooper Flagg, Josh Allen, and a new deal with Ben Shelton that could be worth up to $18 million annually.
The company is likely worth more than $10 billion today, and with a 95% ownership stake, Jim Davis is one of the wealthiest 200 people in the United States.
Today's newsletter breaks down all the details.
READ MORE: huddleup.substack.com/p/how-…
Michael Kalf retweeted
Όπως το είπε ο Μάικ. Τελείωσαν τα λεφτά πάει το παραμύθι..😂😂😂
Ρε η Τζάκι ρε..? Αγάπες και λουλούδια χωρίς χρήμα δεν έπαιζε για την Τζάκι και γι' αυτό ο Ωνάσης έκανε προγαμιαίο συμβόλαιο! Δεν ήταν χαζός..😉
#studiostis3
Michael Kalf retweeted
Eddie Murphy paid about $50,000 for a painting from Marvin Gaye's estate. In 2022 a copy of that same painting sold at Christie's for $15.3 million.
Eddie still owns the original.
In the video below, Eddie tells Jimmy Kimmel how he got it, and you can watch the copy sell.
The painting is The Sugar Shack, by Ernie Barnes, a former NFL lineman. Marvin Gaye put it on the cover of his album I Want You.
But it kept moving around, uninsured. "I needed a back up," Barnes wrote. The backup ran in the credits of Good Times.
Gaye still had the original when he died. Eddie bought it from his estate. "I think I paid 50 grand for that picture," he says.
Christie's estimated the backup at $200,000 tops. After ten minutes of bidding, it went for $15.3 million.
The buyer, Houston trader Bill Perkins, had expected to pay $2 million. "As shocking as the price is," he said, "I still feel like I stole it."
Perkins wrote a book called Die With Zero. Spend it while you're alive. Eddie apparently read a different book.
Same Eddie once tracked down the truck from Sanford and Son. The sellers named their price, and he walked. "I'm not paying it."
In fairness, a painting pays no dividends. A price like that takes two rich men wanting the same thing on the same night.
But his is the one Marvin Gaye kept.
On the Street, the hardest trade is the one you never make.
You're sitting on $15 million and it's hanging over your couch. Do you sell it, or do you admit you're keeping it for your ego?
Michael Kalf retweeted
Simon Cowell had a top 2 hit, a house, a Porsche and a gold credit card at 30.
A few months later he owed the bank almost £500,000 and had £5 left to his name.
Today he’s worth hundreds of millions.
In the video below, he tells Steven Bartlett how he lost everything right after his first smash hit.
The bank pushed him to borrow so he could buy shares in the company he worked for. They told him the shares could only go up. He spent the rest on a house, a Porsche and a credit card nobody explained to him.
Then the company collapsed. The shares were worth nothing. The debt was all his.
When the bank asked where the money was, he said: “You lent it to me. It’s just gone.”
He lost the Porsche. He sold the house and still owed on the mortgage. He moved back in with his parents and took a cab home with his last £5. He tipped the driver 10p.
Some say it wasn’t his fault. He was a kid with one hit, and a bank handed him half a million to gamble on his own employer.
Others say nobody forced him to buy a Porsche with borrowed money.
He talked a second bank into paying off the first, got one year at BMG to prove himself, and built Pop Idol, The X Factor and Britain’s Got Talent.
So was Simon Cowell a victim of a reckless bank, or a guy who spent his first million before he made it?
Michael Kalf retweeted
Steve Jobs was worth over $200 million at 25. He paid his daughter $385 a month.
Her mother cleaned houses and went on welfare. The county had to sue him to pay it back.
In the video below, his daughter Lisa talks about growing up with him.
Jobs was 23 when she was born. He helped pick her name. Then he denied she was his.
A DNA test said he was the father. He told Time magazine that 28% of men in America could be.
The same year, Apple went public. He became one of the richest young men in the country.
He named a computer after her: the Apple Lisa. For years, he refused to admit it.
One day her mother was on the phone with him, sobbing, begging for money. Lisa, a little girl, took the phone and said: “Just give her some money.” Then she hung up.
Another time, her mother asked him for a house. He said yes. Then he bought one for himself.
At 14 she moved in with him. His condition: she couldn’t see her mother for six months.
Years later, he was dying of cancer. She sat by his bed.
“The thing he kept on saying is, ‘I owe you one, and I’m so sorry.’”
Did she forgive him?
“I think not at the time.”
“In many ways, yes.”
When her memoir came out, his widow and his sister released a statement: her story “differs dramatically from our memories.”
The case for Jobs: he was young, he came back, and he tried to make it right before he died.
The case for Lisa: a billionaire’s daughter shouldn’t have grown up on welfare.
He named a computer after her. He wouldn’t say she was his. On his deathbed, he said, “I owe you one.”
Was “I’m sorry” enough, or did it come 30 years too late?
Michael Kalf retweeted
Technotronic - Get Up! (Before the Night is Over) (#TOTP 1990)
From their debut, Pump Up the Jam: The Album, this was released as the second single & it's another hip house classic. Featuring Ya Kid K, who co-wrote the song, the track hit the top 10 in many countries inc UK.
Michael Kalf retweeted
At 19 Magic Johnson turned down Nike stock for Converse’s cash. By his own math, that stock would be worth about $1.5 billion today.
Nike later bought all of Converse for $305 million.
In the video below, Magic explains why a broke kid takes the cash, the day he announced he had HIV, and how he made up for it.
He had just beaten Larry Bird for the national title. Every shoe company came calling.
Converse offered the most money. Nike’s Phil Knight couldn’t match it, so he offered stock instead.
“When you’re Black and you’re broke, you take the most money,” Magic says. At 19, he didn’t know what stock was.
He found out in 1985, when Michael Jordan laced up the first Air Jordans.
Then, in 1991, at 32, he walked to a podium, told the world he had HIV, and retired the same day.
In fairness, at 19 the cash was the sensible choice. In 1979 Converse ruled basketball and Nike was a running shoe company. A guaranteed check for a kid from a poor family isn’t a mistake. It’s survival.
But Converse went bankrupt in 2001. Two years later, Nike bought it.
So he spent the next decades buying what he passed on at 19: equity. Starbucks stores, movie theaters, teams. His group paid $2.2 billion for the Dodgers in 2012. Forbes now values them near $7.8 billion and counts Magic a billionaire.
“God put me in a position to make up for it,” he says. “I’m doing okay.”
Your boss offers you stock instead of a raise. Do you take it, or do what 19 year old Magic did?
Michael Kalf retweeted
“Zombie” is from The Cranberries’ 1994 album No Need to Argue. Written by Dolores O’Riordan in response to the Warrington attacks, in which two children lost their lives. Although it was not released as a commercial single in the United States, it topped Billboard’s Modern Rock Tracks chart for six consecutive weeks, became the No. 1 single of 1995 in Australia and remains the band’s biggest international hit.
When O’Riordan first brought the song to the band on acoustic guitar, they started arranging it in their usual softer style. She stopped them and insisted it needed to be heavy and angry, pushing for more distortion and a harder sound, a deliberate shift from the band’s earlier material. Island Records was also initially reluctant to release such a politically charged track as a single.
Michael Kalf retweeted
A man sold his website that made no profits to Yahoo for a whopping $5.7 BILLION on April Fool's Day.
Yahoo that is was an amazing deal, but ended up shutting down the site three years later.
Mark Cuban grew up in Pittsburgh selling garbage bags door to door at 12 years old so he could buy a new pair of basketball sneakers.
In 1995, he created a company called Broadcast.com. The concept was interesting, it let people listen to out of town sports radio on the internet.
By 1998, he was taking the company public and on the first day of the IPO the stock jumped 250%, the market cap hit $1 Billion as well.
Cuban owned 30% of the company at that point.
The site had 570K users, but the company also never made any profit.
Yahoo at the time was in a massive war with AOL and microsoft to be the biggest homepage on the internet.
All of the companies were spending billions of dollars in order to achieve this.
Especially Yahoo.
On April 1st of 1999, on April Fools Day, Yahoo bought Broadcast.com for $5.7 Billion, and Cubans share of that was $1.4 BILLION.
Cuban was nervous about it though.
The dot-com bubble was really getting out of control so he paid $20 million in fees to Wall Street banks to have a guaranteed price on his Yahoo shares before the market tanked.
6 months after the bubble completely burst.
Yahoo stock fell from $300 to $5 per share. And Cuban's $1.4 billion would have turned into $25 million.
Luckily he was able to walk away with every penny. Wall Street called it one of the best trades of all time.
In 2002 Yahoo shut down the site, three years after its $5.7 Billion purchase.
In 2017 Verizon bought all of Yahoo for $4.5 Billion, which is even less than what Yahoo paid Cuban.
Cuban used the money to buy the Dallas Mavericks NBA team and what he's most known for, being one of the strong faces on Shark Tank.
A website that had no profits was sold for $5.7 Billion and sparked one of the strongest careers and personalities of the century.
Michael Kalf retweeted
Justin Bieber sold his songs for $200 million in 2023. 18 months later he owed $31.5 million to the company of Scooter Braun, the man who discovered him at 13, and TMZ reported the $200 million was already gone. He'd taken a $40 million advance for a tour he cancelled, and Scooter's company fronted $26 million to cover it.
His own business manager claimed Scooter had been overpaid $26 million in commissions. An outside audit by PwC said the opposite: Justin owed Scooter $8.8 million.
In the video below, Scooter Braun is asked where things stand with Justin Bieber now.
2022. Justin's Justice World Tour. Promoter AEG paid him $40 million up front. He pulled the plug early.
AEG wanted $26 million back. HYBE, the company Scooter ran, paid it. Justin agreed to pay HYBE back over 10 years.
He reportedly made 1 payment.
Weeks after the tour stopped, he sold his catalog of 291 songs to Hipgnosis for about $200 million.
Then the fight over who owed who. His business manager Lou Taylor said Scooter took $26 million too much. HYBE's internal audit said Justin owed Scooter $1 million. PwC spent 6 months on it and landed on $8.8 million.
In July 2025 they settled. Justin pays HYBE the full $26 million plus half of $11 million in back commissions. About $31.5 million.
TMZ's sources said there wasn't enough left from the $200 million after taxes, managers, lawyers and spending.
So the plan was to pay after his wife Hailey sold her beauty brand Rhode for $1 billion. Justin, an investor, was reported to get around $50 million.
Scooter doesn't see a cent of it. He'd already left HYBE.
15 years together. One audit to end it.
Did Scooter Braun take advantage of Justin Bieber, or did Justin spend $200 million and blame the man who made him?