The Fort

Part 1 of the 2-part exciting webinar session that Nick Huber had with Chris Powers on The Nick Huber Show. They talk about current events, highlights of our acquisition process, the market for GP, and many more! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Nick Huber on Twitter: www.Twitter.com/SweatyStartup Nick's Podcast: https://podcasts.apple.com/us/podcast/the-sweaty-startup/id1445260221 (04:50) - Thoughts on Interest Rate Hikes & Covid-19 Learnings (09:04) - Inflation & Deflation (15:16) - Industrial & Storage Rent Rates (20:40) - Outdoor Storage Needs (22:50) - Wealthy vs. Middle Class Consumer Behavior (24:18) - Bitcoin, Crypto & Web3 (29:57) - BREIT (32:41) - Population Growth & Migration (37:36) - In-office vs. Remote work (46:30) - Building a Sustainable RE Private Equity Company (48:48) - Inflation Prredictions (49:58) - Can normies still get into self-storage? (52:39) - Wrap Up The Fort is produced by Johnny Podcasts

Brom Rector, Founder, and GP of Empath Ventures. Prior to founding Empath, Brom spent 7 years as a portfolio manager and quantitative researcher - most recently managing a global macro portfolio for Crabel Capital Management - a Los Angeles-based hedge fund with $8B AUM. After leaving Crabel in 2020, Brom started The Integration Conversation, a long-form video podcast that covers the psychedelics industry from an investing perspective. The research that went into this podcast and the connections it established laid the groundwork for what would become Empath Ventures. On this episode, Brom gives a breakdown on the breakdown of the Psychedelic industry and landscape. They discuss why Brom raised a fund to target psychedelics and how he's investing the money and why it's one of the largest opportunities in the world. Listen to hear Brom’s thoughts on what the next 10 years of psychedelics might look like and much more! Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (01:56) - Brom’s Background and Career in Psychedelics Empath ventures (07:22) - Why have psychedelics been illegal and shunned from society? (11:28) - What’s Big Pharma’s role in this? (12:49) - What is the chemical reaction happening inside the body when one takes psychedelics? (14:38) - Are all psychedelics man-made or are there any occurring in nature? (16:03) - How far back do psychedelics go in human history? (17:20) - How big is this industry from an economic standpoint? Data on funding trends in psychedelics:  https://www.cbinsights.com/research/psychedelic-therapies-funding-startups/ (20:09) - How do we define what is legal and illegal in the psychedelic space? (22:16) - Does FDA approval make it legal or does there need to be a law passed? (22:54) - What needs to happen for the FDA to change their minds on psychedelics after all these years? (24:16) - Would these drugs displace other opiate treatments? (25:25) - The Hype Around Psychedelics in Society (26:42) - What parts of the industry interest you the most? (28:52) - Thoughts on Micro-Dosing (30:14) - Advancements in ways to “stop” the trip (31:31) - Brom’s Personal Experiences with Psychedelics Compass Pathway studies (33:48) - Integration Therapy (34:59) - Do you do any pre-planning or set intentions for psychedelic experiences? (37:29) - Empath’s intentionalities: Receptor Targets, Indications, and Time to Market (41:04) - What does an early-stage psychedelic company look like? (42:26) - What becomes the IP in these companies? (44:07) - Compass Pathways  Freedom Bioscience Partners (45:43) - The Different Experiences from Different Psychedelics (47:25) - Data on effects of psychedelics on minors (49:12) - At what point is testing introduced on humans for new psychedelic molecules? (51:07) - What’s going to happen in this space over the next decade? Wavepaths music (56:30) - Is there any merit in psychedelics as a preventative? (1:00:07) - What’s happened to the brain of people who become depressed? (1:02:01) - What do you predict to be the first mainstream psychedelics? (1:03:25) - How is Oregon doing since decriminalizing drugs? (1:04:01) - How can people track the progress of clinical trials and legislation? (1:04:43) - Wrap Up & Contact Brom on Twitter Empath Ventures The Integration Conversation podcast The Fort is produced by Johnny Podcasts

On this episode, Chris sits down with a few members of the Fort Capital team to discuss all things Investor Relations (IR). They chat about the process Fort goes through to vet potential investors, onboarding, and eventually, what investors can expect throughout the investment process. They also discuss frequently asked questions, ongoing IR items post-investment, and how they utilize Juniper Square. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast   (02:31) - Why Investor Relations Are So Critical (03:41) - Ryan and Lorna’s Role Within Fort Capital (05:05) - What’s the process of signing up an investor? (07:11) - Why would a potential investor not meet our criteria? (07:47) - What’s our process if someone is looking to bring multiple investors with them when coming to Fort Capital? (09:07) - What changes have we made to improve our processes over the past year? (10:35) - What are the characteristics of an investor we’d love to meet? (12:59) - What information do we provide people upfront to get to know Fort Capital better? (14:52) - What are the most frequently asked questions we get upfront from potential investors? (16:44) - Consistency In Information Sharing (19:29) - What’s the investor experience like with juniper Square? (22:10) - What happens from our end when a deal comes in? (29:43) - What does communication look like between us and investors after the capital raise? (30:48) - Who puts our quarterly reports together? (33:00) - How do we calculate waterfall distributions? (34:02) - What happens if someone signs up and doesn’t end up investing? (35:02) - What are three improvements we’ve made to the investor relations process? (36:03) - What happens if we are oversubscribed on a deal? (37:17) - Pre-Commitment Opportunities (38:46) - Emphasis On Timely K1’s and Cost Seg's (40:06) - How many people do we have signing up every month? (41:48) - 1031 Opportunities (43:43) - Delivering Bad News (44:58) - Why do we change our deal structures? (46:17) - How are we improving and maintaining cyber security? (49:40) - The Balance of Maintaining Existing Investors and Having a Healthy Pipeline of New Investors (51:07) - Wrap up The Fort is produced by Johnny Podcasts

Scott Everett, Founder of S2 Capital, shares his journey in value add MF and growing to 38,000 units. He discusses underwriting deals, operational setup, and why he's raising a fund. They explore physical due diligence, investment management software, labor market challenges, and balancing rent growth. The speakers also discuss raising a fund, the impact of social media, and building a family business.

Kevin Dahlstrom, Founder of Swell, joins the podcast for the third time to chat about his career in Fintech and what he's looking to change about how people think about and use money. Chris and Kevin chat about launching Swell, democratizing capital for the 95% of America, and a fun conversation on remote work vs office work. Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Follow Kevin on Twitter (03:08) - Catching up with Kevin: Launching Swell (07:57) - Do fintechs approach banks to partner with or do banks spin up these fintech companies? (09:16) - What is Swell and why now? (14:29) - The Core Tenants Of The Product (22:18) - How do the traditional banks make money in non-obvious ways? (24:22) - What does the climate for traditional banks look like in 10 years? Ramp Swell (26:43) - How many people fall under your TAM? (28:38) - How Affordable Credit Brings Countries Out of Poverty (30:28) - Why does the average American have a poor credit score? (31:46) - The Democratization of Capital Fundrise (38:37) - Building Community  (40:58) - How do people get on the waitlist? SwellMoney.com (41:37) - Chris & Kevin’s Big Announcement Hot Topics: (45:19) - Remote work  (59:44) - Globalization & Moving knowledge workers overseas The Sovereign Individual by James Davidson (1:03:31) - Final thoughts  The Fort is produced by Johnny Podcasts

Steve Radom, founder of Radom Capital, shares insights on selecting locations, raising capital, hiring architects, and building projects like Montrose Collective. The podcast delves into his background, career progression, negotiation strategies with the city, navigating uncertainties during the pandemic, and transforming industrial sites into vibrant mixed-use spaces.

Jeff Gleiberman, Managing Director at MG Properties Group, shares insights into their investment strategies, including value-add and core plus. He discusses the challenges of real estate reporting using spreadsheets and their focus on buying existing properties. Topics also include selling properties, managing multiple investors, tax benefits of 1031 exchange and cost-segregation, and the importance of visiting properties and teams.

Richard Fertig, Founder of Stomp Capital, is an innovative Real Estate Developer focused primarily on the Short Term Rental market, creating branded experiences to delight raving fans with his signature “modern hospitality”. Richard shares his proven strategies that continue to bring him financial success with his 59,000+ YouTube followers and 45,000+ Facebook Group members subscribed to Short Term Rental University. This episode is a Masterclass on how to win BIG in STRs and why it might be the best trade in Real Estate. Richard shares a lesson on vacancy risk & underpriced zoning, how he selects a location and builds pricing power and how he built his worldview on risk/reward at Blackstone. Plus a wild story about Bernie Madoff. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com (02:41) - Richard’s career and his journey into STR’s (9:07) - Do you have a filter for what you’re going to look for when handed a pile of money and told to “go find value”? (12:29) - Firing Bernie Madoff (17:42) - What are some immediate red flags you key in on when raising capital? (19:18) - Why STR’s? (Short Term Rentals) AIRDNA (25:10) - Where are these lenders and capital providers? Host Financial SomeHotelGuy on Twitter (28:32) - Who fits into the customer category for the STR space? (32:03) - What predictions do you have for this space in a decade? (36:40) - Building Edgecamp Sporting Club in the Outer Banks (51:39) - What zoning matters and how do you get comfortable? (1:03:35) - What should the average STR owner be thinking about with ordinance? (1:05:35) - Mispriced Zoning in The Hamptons (1:09:15) - How are you managing your properties? (1:12:48) - Are you hiring 3rd party consultants when you’re cultivating the experience? (1:14:14) - How are people finding and booking your properties? How do you think about the risk from 3rd party booking agencies eating into your margins? (1:18:03) - What matters to you in a market when thinking about experiences? (1:22:54) - How are you structuring your deals? (1:24:33) - Are you building your own tech? (1:25:54) - How do you think about cash flow streams when your properties tend to be seasonal? (1:29:10) - Final Thoughts (1:31:57) - How can people find you? Twitter - @ImRichardFertig YouTube -STR University Facebook - STR University Stomp Capital The Fort is produced by Johnny Podcasts

Conrad Gibbins is a Managing Director of Jefferies, LLC in the Energy Investment Banking Group. Conrad has 12 years of investment banking experience advising primarily upstream oil and gas companies on M&A and financing transactions. Conrad has advised on over $40 Bn in upstream oil and gas M&A transactions and $15 Bn in financings and he has worked on many significant transactions in the upstream oil and gas industry including more than 10 M&A transactions with values over $1 Bn.  On this episode, Chris and Conrad discuss the world's reliance on fossil fuels, today and into the future and the current M&A and deal market in fossil fuels. They look into ESG and alternative energy opportunities. Conrad discusses how Russia / Ukraine is impacting the current environment and how the narrative around fossil fuels has changed since he started in 2009. Enjoy!    Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (02:17) - How has the Oil industry changed over the past 12 years? (8:18) - Why is capital fleeing the industry over the past several years? (14:50) - How undercapitalized is the industry right now? (19:27) - How much of the world is still in the process of getting onto fossil fuels and how much of the world is actually consuming 100 million barrels per day? (22:36) - M&A Activity in Oil and Gas Over the Past Year (26:52) - Is there positive momentum that capital is flowing back into the space? (31:21) - Thoughts on ESG (32:07) - Labor & Employment in Oilfield Services (33:54) - Is the money that’s redirected away from Oil and Gas and into renewables been worth it? (38:07) - Is there any bear case in the short term? (40:06) - Is there any technology you’re seeing that could disrupt oil usage? (42:18) - How is the Russia/Ukraine conflict impacting the world from an energy perspective? (45:04) - How much does the world depend on Russia for oil? (46:22) - Who’s the largest consumer of oil? (46:48) - Thoughts on Nuclear (50:39) - Are there any basins coming back online that have been hibernating? (57:20) - Crypto in the Energy World (59:33) - Conrad’s experience working with Aubrey McClendon (1:01:59) - Final Thoughts The Fort is produced by Johnny Podcasts

On this milestone episode, Chris shares the story of how the podcast started and why it's been so impactful. Chris dives into why podcasting is a pure form of communication and why he supports Joe Rogan. He expresses his thoughts on de-platforming and canceling culture and Chris breaks down 50 things he's observed from 17 years in business. Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/       Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Watch this episode on YouTube: https://youtu.be/QzI1b1SD3Uo (01:30) - Welcome to Episode #200! (03:43) - How Chris and Producer Johnny Met (08:46) - The Early Days of the Podcast & Benefits From Doing the Show (13:01) - What Matters in Podcasting (15:50) - Sponsorship Opportunities Email for inquiries at thefortpodcast@gmail.com (16:41) - 50 Thoughts on Business Traction by Gino Wickman (49:52) - Thoughts on Cancel Culture The Fort is produced by Johnny Podcasts