How I Left Goldman Sachs and Turned $25k Into an $11M Live Lobster Business | Alex Schultz Interview

Not too many folks are willing to quit their job at Goldman Sachs to start a holding company. It gets even better... He even decided to move from the US to Hong Kong. That’s the story of Alex Schultz who grew a live lobster business to $11m a year; growing 20-30% per year. - Convincing the Hong Kong government to grant him a Visa to build a business - Printing out Google Maps to find the first suppliers (IT WORKED!!) - Bootstrapped business, today selling $11m worth of live lobster per year in Hong Kong My conversation with Alex Schultz of Turnbury Group Enjoy. Show notes: 00:00:00 - Intro 00:00:24 - Early days after Goldman Sachs 00:02:22 - Finding the right company 00:07:37 - Moving to Hong Kong and not knowing anyone 00:14:31 - The story of founders who lived in China for $1 a day 00:17:40 - Printing out Google Maps to find suppliers 00:22:00 - Initial investment $25,000 00:31:55 - The first 12 months and all challenges 00:37:34 - Cash flow is what keeps you in or out of business 00:44:50 - Building relationships with 2nd and 3rd generation business owners in Hong Kong 00:49:50 - Stay in Hong Kong or go back to the US? Follow Mikk/PrivatEquityGuy on Twitter: ⁠⁠⁠https://x.com/PrivatEquityGuy⁠⁠⁠ Alex on Twitter: ⁠⁠⁠https://x.com/mrturnbury This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.