Semantics and Impeachment

“To be clear,” a reader says regarding the perks of being a politician, “if an enviable pension and free healthcare for life do not constitute a lifetime salary, I think you are merely engaging in semantics.”

He continues: “You want a comment on impeachment…

“The dems want to impeach the President, Justice Kavanaugh, and Attorney General Barr. They are trying to make it illegal to be a conservative so that they can protect Hillary, Biden, and the democrat-run Deep State. This is just one more example of a democrat party that is unwilling to accept the outcome of an election; it is totally disgusting.

“Any Speaker of the House that brings an impeachment case, along with anyone that votes for that impeachment case, and then fails to prove the case in the Senate should be forced to resign immediately with no pension or benefits. That is accountability. That would end these political persecutions.”

Perhaps the last paragraph should be an amendment to the Constitution?

Your Rundown for Monday, Sept. 30, 2019:

Scanning Startups

Last week, we introduced Seven Figure Publishing’s newest contributor, Kevin Harrington. He’s probably best-recognized as one of the original “sharks” of the TV show Shark Tank. (If you’ve never seen the reality show, Kevin explains: “On Shark Tank, people get 3 minutes to pitch [a product], and I get 3 minutes to make up my mind whether I want to invest in their business….”)

But there’s more to Kevin’s career than his stint on television: His days as an entrepreneur and venture capitalist span almost 4 decades. Television, however, is a huge part of Kevin’s story  — he capitalized on TV’s dead airtime to create the modern infomercial, eventually generating $500 million in sales.

Unlike Shark Tank, Kevin gets more than 3 minutes to decide whether he wants to invest in startups that pitch business ideas to him everyday; in fact, Kevin estimates he’s heard about 50,000 pitches in his career.

So Kevin’s heard it all — everything from what he calls “napkin ideas” to startups that “have raised a hundred million and they’re ready to launch” and “I have to do the analyzing of what’s the best time to get involved.”

To help him analyze, Kevin uses 4 criteria he never deviates from:

  1. The company must have a product people love.
  2. The company must solve a real problem shared by millions of people.
  3. The company must be led by an experienced team.
  4. The company must have a real advantage over the competition.

“I only ever keep working on a private deal if the company goes four-for-four on this checklist,” Kevin says.

Market Rundown for Mon. September 30, 2019

S&P 500 futures are up 12 points to 2,973.

Oil is down 70 cents to $55.21 for a barrel of WTI.

Gold is down $17.10 to $1,489.30 per ounce.

Bitcoin’s up $69.19 to $8,136.52.

Have a good day. We’ll talk more tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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