E06: Hunter Thompson on How to Go from Startup to an 8-Figure Empire

Cash Flow Fight Club

Today on In the Champion’s Corner, Hunter Thompson, a super heavyweight entrepreneur, real estate investor and capital raiser, shares insights on the mindset of a champion and what it takes to be successful in his field. He discusses behaviors, values, and tactics that maximize human potential.

Hunter is a renowned figure in the realm of real estate investing and capital raising. He has authored an exceptional book, Raising Capital for Real Estate. As the host of the popular podcast "Cash Flow Connections," Hunter provides valuable insights to his audience. Moreover, he coaches numerous aspiring and accomplished capital raisers through his exclusive mastermind group called RaiseMasters.

Here are some power takeaways from today’s conversation:

[02:41] - How Hunter got into the entrepreneurial world

[06:27] - How his grandfather’s catastrophic business failure impacted Hunter’s investing beliefs

[09:15] - The power of compounding interest

[11:34] - The importance of skills beyond wealth

[16:59] - How he got into the real estate market

[21:47] - How Hunter's unique funding strategy led to vertical integration and increased control

[26:49] - Strategic investments and diversification for passive investors

[31:31] - About his coaching program, RaiseMasters

[35:15] - What it takes to grow a business to seven figures vs. eight figures

[37:16] - Raising Capital for your business

[53:07] - How Hunter stays “entrepreneurially fit”

Episode Highlights:

[11:34] The Importance of Skills Beyond Wealth

Opportunities like these arise once every decade or so, but simply accumulating wealth doesn't grant you essential skills. Let's say you strike gold with Dogecoin and amass a staggering $100 million—while this may seem mind-boggling in terms of percentages and probability, it won't necessarily equate to success. Without knowledge of business, leadership, employee management, motivating others, attracting leads, building infrastructure, or assessing risk, the money alone won't bring you much value. You might indulge in luxury purchases or spend recklessly, but without skills, you won't gain much beyond that.

[21:47] Hunter's Unique Funding Strategy Leads to Vertical Integration and Increased Control

Hunter pioneered a unique funding approach, investing in ventures led by industry experts, despite his lack of experience. He convinced accomplished individuals to accept million-dollar investments, securing favorable returns and splits without scrutiny. By pooling investors and surpassing the million-dollar mark, Hunter funded his own ventures and formed valuable partnerships across industries. This allowed him to access opportunities beyond his reach. Now, after a decade of capital placement, Hunter is embracing vertical integration to purchase deals and gain complete control. He attributes this transition to continuous learning, growing confidence, enhanced capital-raising abilities, and an established reputation.

[26:49] Strategic Investments and Diversification for Passive Investors

Hunter offers insightful advice for passive investors, suggesting a strategy that involves identifying five trustworthy groups with bulletproof integrity and aligning investment beliefs. He emphasizes the importance of going all in with these groups, committing $100,000 to each deal they present. This approach, according to Hunter, is an optimal way for passive investors to navigate the investment game. In the realm of entrepreneurship and business ownership, Hunter advises being hyper-specialized and localized. Instead of relying on a single investment partner, he recommends diversifying investments across five different individuals or groups. By doing so, passive investors can mitigate risks and maximize opportunities.

Resources Mentioned:

www.raisingcapital.com

Raising Capital for Real Estate

Cashflow Connections podcast