Making Billions: The Private Equity Podcast for Fund Managers, Alternative Asset Managers, and Venture Capital Investors

Ryan Miller
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  • UPDATED WEEKLY

Thanks for listening to another episode of Making Billions with Ryan Miller: The Private Equity Podcast for Fund Managers, Startup Founders, and Venture Capital Investors.  This show covers topics connecting you to some of the best investment funds that won in their industry—from making money and motivation to alternative investments, fund managers, entrepreneurs, investors, innovators, capital raisers, money mavericks, and industry titans.  If you want to start a business, understand investment funds that won the game, and how the top 0.01% made it, then this show will give you the answers!

  1. 2D AGO

    Private Equity Secrets: Don’t Buy A Company’s Stock, Just Buy Its Assets

    Send a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" DOWNLOAD: A decision matrix on Stock versus Asset Purchases at https://go.fundraisecapital.co/stock-vs-asset Stop buying companies like a gambler and start engineering your private equity deals for maximum protection and predictable outcomes.  In this masterclass on deal structuring, host Ryan Miller breaks down the critical differences between a Stock Purchase vs. Asset Purchase and why your choice of acquisition structure is the single most important decision in your fund management strategy for 2026.  We dive deep into the mechanics of asset carve outs, the legal reality of successor liability, and how to use intentional deal design to isolate risk while preserving operational continuity. Learn from real-world case studies like Facebook’s acquisition of Instagram, Bank of America’s Countrywide catastrophe, and the PayPal-eBay split to see how the world's best investors navigate due diligence and risk management. If you want to master alternative asset management, learn how to raise capital, and build a high-performance investment machine that survives the future you can’t see, this episode of Making Billions is your definitive guide to professional dealmaking in the new era of private markets. Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    10 min

  2. FEB 9

    Ditch Your Stocks: The New Wealth Strategy Wall Street Won’t Tell You

    Send a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" Is the traditional 60/40 portfolio officially dead? In this episode of Making Billions, host Ryan Miller sits down with Tony Davidow, Senior Alternatives Investment Strategist at the Franklin Templeton Institute, to deconstruct why traditional asset allocation is structurally broken and how private markets are becoming the new foundation for institutional-grade returns. As public markets shrink and become hyper-efficient, the quest for alpha has shifted toward private equity, private credit, and real assets. Tony explains why sizing matters, how to reframe illiquidity as a design choice rather than a risk, and why the next decade belongs to those who can navigate the inefficiency of private markets.  Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: https://www.instagram.com/makingbillionspodcast/ X: https://x.com/_MakingBillions Website: https://making-billions.com/ [TH Everything Is Energy with Cathy HellerChange your energy, change your life.Listen on: Apple Podcasts   Spotify Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    33 min

  3. FEB 2

    How to Raise Capital From Institutional Investors

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" DOWNLOAD "The Institutional Readiness Checklist":  https://go.fundraisecapital.co/institutional-readiness-checklist  Are you struggling to bridge the gap between retail investors and massive institutional allocators?  Most fund managers believe they are getting rejected because of their track record or IRR, but the truth is far more clinical: they simply aren't "institutional ready."  In this master class episode of Making Billions, Ryan Miller reveals the institutional mindset to why returns alone never close institutional capital.  If you want to raise capital from pension funds, endowments, or sovereign wealth funds, you must stop thinking like a salesperson and start thinking like a steward of capital. Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: https://www.instagram.com/makingbillionspodcast/ X: https://x.com/_MakingBillions Website: https://making-billions.com/ [THE HOST]: Ryan Miller is a recovering CFO turned angel investor in technology and energy. Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    10 min

  4. JAN 26

    Pre-Seed Secrets: What Investors Really Look for (It’s Not Your Pitch Deck!)

    Send a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" Stop picking founders the old school way—it’s the fastest path to investment failure in 2026.  In this episode of Making Billions, Ryan Miller sits down with Joe Alalou, General Partner at Daring Ventures, to reveal the new blueprint for Pre-Seed and Venture Capital success.  Joe shares the "Daring Ventures" filter for identifying generational founders, in an era where AI has turned technical skills into a commodity, the "alpha" has shifted to human traits that machines can't replicate: grit, tenacity, and an undeniable right to win.  This isn't just a manifesto on investing; it's a tactical guide to navigating the 2026 investment climate, mastering deal flow, and scaling a fund when information is incomplete. Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: https://www.instagram.com/makingbillionspodcast/ X: https://x.com/_MakingBillions Website: https://making-billions.co Everything Is Energy with Cathy HellerChange your energy, change your life.Listen on: Apple Podcasts   Spotify Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    26 min

  5. JAN 19

    The Anatomy of Peace: Your Peace IS Your Power

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" DOWNLOAD "The UVE Framework Guide": https://go.fundraisecapital.co/uve-framework  In this landmark  200th episode of Making Billions, Ryan Miller reveals why the elite top 0.01% of fund managers don't just hustle harder—they master their internal state to dominate the external market. If you’ve ever felt like the chaos of capital raises, deal deadlines, and market volatility was soul-crushing, this episode is your strategic blueprint for transformation.  Ryan breaks down the UVE Framework—a powerful energy management system for identifying the Umpires, Vampires, and Empires in your life.  This 200th episode delivers the hard-hitting strategies you need to protect your focus, purge your circle, and engineer an empire from a position of absolute peace.  Stop playing small. Start leading with purpose.  This is the pursuit of Making Billions.  Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: https://www.instagram.com/makingbillionspodcast/ X: https://x.com/_MakingBillions Website: https://making-billions.com/ [THE HOST]: Ryan Miller is a recovering CFO turned angel Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    12 min

  6. JAN 12

    $1B AUM Reveals The Single Biggest Mistake in Fund Launches (And How Pros Avoid It)

    Send a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" Are you looking to scale your investment firm or launch a high-performance private equity fund? In this episode of Making Billions, host Ryan Miller sits down with Kim Flynn, President of XA Investments, a leading firm with $1 Billion AUM. Together, they discuss the interval fund market and closed-end fund structures that are currently revolutionizing how alternative asset managers raise capital from the private wealth marketplace. Success in private equity and venture capital is no longer just about having the best product; it is about mastering fund marketing and investor relations. Whether you are focused on real estate debt, infrastructure, or healthcare innovation, this episode provides the "edge" needed to scale to $100M and beyond. Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Everything Is Energy with Cathy HellerChange your energy, change your life.Listen on: Apple Podcasts   Spotify Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    52 min

  7. JAN 5

    Build a Family Office Dynasty

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" DOWNLOAD "The Family Office Blueprint": http://go.fundraisecapital.co/familyofficeblueprint Are you ready to transition from individual success to building a multi-generational legacy? Stop building wealth for a single lifetime and start engineering a legacy that lasts for centuries. In this episode of Making Billions, Ryan Miller breaks down the exact architectural blueprints used by the world’s wealthiest dynasties to engineer, protect, and scale their wealth. Ryan pulls back the curtain on the "Dynasty Blueprint" used by the Rockefellers, Rothschilds, and Waltons to safeguard billions against taxes, litigation, and economic decay. Whether you are managing $1 million or $1 billion, understanding family office structures, offshore investment funds, and asset protection is the key to ensuring your capital endures for a century. Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: https://www.instagram.com/makingbillionspodcast/ X: https://x.com/_MakingBillions Website: https://making-billions.com/ [THE HOST]: Ryan Miller is a recovering CFO turned angel Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    21 min

  8. 12/29/2025

    If You’re Not Using This $450M PE Framework, You’re Already Behind

    Send a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/apply" Are you ready to discover how top-tier private equity firms triple the value of companies in just five years?  In this episode of Making Billions, Ryan Miller sits down with Eliot Kerlin, Co-Founder and CEO of Broadwing Capital, to lift the veil on the high-powered operational strategies used by institutional investors to transform ordinary businesses into unstoppable growth machines. Whether you are an emerging fund manager, a family office principal, or a founder looking for an exit strategy, this discussion provides a masterclass in operational excellence and strategic value creation. Subscribe on YouTube: https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ Connect with Ryan Miller: Linkedin: https://www.linkedin.com/in/rcmiller1/ Instagram: https://www.instagram.com/makingbillionspodcast/ X: https://x.com/_MakingBillions Website: https://making-billions.com/ [THE GUEST]: Eliot Kerlin serves as Managing Partner of Broadwing Capital, which he co-founded after 20 years of operational private equity experience. [THE HOST]: Everything Is Energy with Cathy HellerChange your energy, change your life.Listen on: Apple Podcasts   Spotify Support the show DISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient’s state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

    58 min
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About

Thanks for listening to another episode of Making Billions with Ryan Miller: The Private Equity Podcast for Fund Managers, Startup Founders, and Venture Capital Investors.  This show covers topics connecting you to some of the best investment funds that won in their industry—from making money and motivation to alternative investments, fund managers, entrepreneurs, investors, innovators, capital raisers, money mavericks, and industry titans.  If you want to start a business, understand investment funds that won the game, and how the top 0.01% made it, then this show will give you the answers!

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