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

Ryan Miller
  • 4.9 (30)
  • INVESTING
  • 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. 6D AGO

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

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-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]: 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.

    57 min

  2. 12/22/2025

    FUND MANAGERS: Your Competitors Will Overtake You If You Miss These Macro Signals

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" DOWNLOAD "The Dollar Empire Private Markets Playbook" https://go.fundraisecapital.co/dollar-empire-playbook The financial world is fixated on the wrong metrics.  While the media screams about US debt and the trade deficit, these perceived weaknesses are actually the hidden engines driving trillions of dollars directly into private equity, private credit, and venture capital. This is not theory—it's accounting. In this deep-dive masterclass on global macro strategy and private market investing, Ryan Miller rips the curtain back on the Balance of Payments (BOP)—the true master ledger of global power.  If you are a fund manager or deal syndicator, you need to know exactly how the Current Account deficit forces foreign capital to buy your deals. The world isn't collapsing; it's buying American assets, and your fund is the mechanism. 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 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.

    28 min

  3. 12/15/2025

    WARNING: The Market Shift Has Begun. Leverage Will Kill Your Investors

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" Your Real Estate Strategy might be broken! In this explosive episode of Making Billions, host Ryan Miller dives deep with Dustin Heiner, real estate investor, as he shares his journey from being scammed by a property manager to developing a proprietary system that treats real estate not as an asset class, but as a robust, automated business. Dustin, with a portfolio of 30+ single-family homes (90% paid off) and nearly 1000 apartment units, emphasizes the mindset shift from being a passive investor to an active real estate business owner. If you're ready to build an automatic, scalable cash flow machine and create lasting generational wealth, this definitive blueprint starts now! 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]: Dustin Heiner is a real estate investor who achieved successful unemployment and built a massive, cash-flowing portfolio of single-family homes and apartment complexes. [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.

    1 hr

  4. 12/08/2025

    Raising Capital on God Mode: The Fund Raise Formula

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" Why do some fund managers and startup founders close oversubscribed fundraising rounds in days, while others chase investors for months with nothing but "maybes"? The secret to raising capital successfully is not just your IRR, deck, or data room—it's mastering The Fundraise Formula. In this powerful episode of Making Billions, host Ryan Miller reveals the simple yet universal law that dictates every successful private equity deal, venture capital round, and alternative asset raise: Trust multiplied by the Transaction. Stop chasing capital and start making capital chase you. This masterclass is essential viewing for fund managers, General Partners (GPs), Limited Partners (LPs), deal syndicators, venture capitalists, angel investors, and startup founders who are serious about scaling their businesses and building their financial empire. Download The Fundraise Capital Diagnostic Tool—the private framework Ryan uses to score a deal's investor perception—and change the way you raise capital forever: go.fundraisecapital.co/thefundraiseformula 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/m 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

  5. 12/01/2025

    The Future of Investing is Dead? His $3B Is Quietly Making Moves

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" For decades, the 60/40 portfolio—a simple mix of 60% stocks and 40% bonds—was the undisputed king of investment strategy. It was a reliable engine for wealth creation during an era of falling interest rates and cheap capital. That era is over. Today, we face a new reality: persistent structural inflation, crushing US debt levels, and historically dangerous market valuations. The strategy that got generations of investors here will not get them there. Jeff Sarti is here to expose why this once-sacred strategy is now a liability and to reveal the quiet, radical shifts the smart money is making right now. Learn what replaces the 60/40, how to protect your wealth from currency debasement, and why liquidity is your greatest enemy. This is an essential discussion for anyone serious about financial planning, risk management, and building a truly resilient investment portfolio. 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]:Jeff Sarti is Morton Wealth’s Chief Executive Officer, he leads the company’s mission of helping investors to achieve their financial goals.   [THE HOST]: Ryan Miller is a recovering CFO turned angel investor in techno 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.

    44 min

  6. 11/24/2025

    Private Equity Masterclass: How to Buy Your First Company

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" Are you looking to achieve financial freedom by moving beyond the high-risk startup game? This episode of Making Billions is your battle-tested blueprint for entering the world of private equity and small business acquisition. Host Ryan Miller,  breaks down the simple but brutally effective PE process: Buy, Fix, and Sell. Discover the massive, often-overlooked $10 trillion wealth transfer opportunity as baby boomer owners of profitable small companies look to retire.  We dive deep into why buying an existing business is the new building, understanding valuation, learning the non-negotiable rules of due diligence, mastering the deal structure that gets you funded and finally avoiding the five mindset mistakes of first-time acquirers. This is the playbook for building an empire, one smart acquisition at a time. 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 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.

    32 min

  7. 11/17/2025

    Inside the AI Gold Rush: Who Wins, Who Gets Wiped Out

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" The AI Gold Rush is here, redefining the venture capital landscape. Billions of dollars are flowing, startup valuations are soaring, and the traditional power dynamics of early-stage investing are being upended.  In this explosive episode, host Ryan Miller sits down with Maria Palma, General Partner at Freestyle VC, one of the most disciplined and forward-thinking firms in the industry, specializing in seed-stage and early-stage technology investments. Discover the frameworks Freestyle VC uses to spot defensible AI plays before the market recognizes them.  This is a must-watch for fund managers, angel investors, and startup founders looking to understand the new rules of raising 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 GUEST]: Maria Palma, General Partner at Freestyle VC, one of the most disciplined and forward thinking firms in early stage investing. Maria is at the epicenter of the shift, leading freestyle's charge into the heart of AI's infrastructure backing the unseen technologies that power the nex 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.

    1h 3m

  8. 11/10/2025

    The Secret Sauce Behind Billion Dollar Funds

    Send us a text "RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply" How do the world's best fund managers turn every dollar into six, year after year, even when the markets are collapsing? It is not luck or insider tips. They use a repeatable, systematic, almost scientific playbook to build their wealth and sustain extraordinary long-term returns. In this deep-dive episode of Making Billions, host Ryan Miller pulls back the velvet rope on elite fund management to expose the three powerful levers that differentiate billion-dollar funds from average investors.  Learn how to stop being a gambler reacting to market noise and start building a high-conviction, risk-first investment machine that compounds consistent, small wins into massive wealth. 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 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.

    17 min
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4.9
out of 5
30 Ratings

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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