Adam O’Leary an intern focused on DigiStrats Private Equity, who came from Boston Mass. to accelerate his career. Within 2 weeks he has already sold one digital asset and is currently working on his second. Has assembled a list of lenders to assist in lining up millions in Mezzanine loans, SBA, and private money for future deals that DigiStrats will be working on. Started searching for operators to manage the businesses after purchase. Has started reaching out to Forbes riches, to start masterminding sessions with them, while lastly creating a plan to generate continuous deal flow, to give DigiStats more opportunities to purchase businesses worth over $1 Million.
Hello this is Adam from Boston Massachusetts. I decided to join the DigiStrats internship program and I’m so glad that I did.
What do you currently do at DigiStrats?
I work on the Private Equity side, last week I’ve been calling mezzanine lenders SBA Loans and private financing because the first thing that you need is the finances in order to start actually looking at doing deals. Then next week I’m doing mostly focusing on operators
Why were you interested in DigiStrats in the first place?
I was watching Eric’s Udemy courses and when I was watching them I loved the enthusiasm that he had, so I decided that I was going to reach out to Eric. My goal was to learn from him and get into his mind. He kept passing me off telling me to talk to other people in the office but I finally got through to him. When we had the call I started really understanding the direction that he was taking DigiStrats and how his focus was on business Acquisitions. I jumped all over it.
What was your expectation before moving to the Philippines?
I really didn’t know too much about the Philippines because I really didn’t have any experiences from outside the US. They talked to me to describe everything about the Philippines and how it’s really not as bad as I thought. I knew that it was a good opportunity so I weighed the pros and cons. I knew how much experience I would learn from this experience, and my perception of what the Philippines, was not a reality of what it is like. With the upside being so much greater than the downside, I decided that I was going to jump on it.
Was your experience here what you expected?
Yes and more! The Philippines is actually beautiful. Right now I’m in Makati and it’s similar to downtown Boston. That’s the best way I can describe it and the people are so much nicer. I’m actually learning the business from the inside out and the functions as a whole. It’s much better than looking at it from an outside perspective such as YouTube or just searching on Google to try to learn yourself. Being inside of something, you learn so much more and so much quicker .
How about the team, how do you like the people you are working with?
We have an awesome team! Everybody has their own specialty. We have designers, developers, and pretty much everything that you can think of. Everybody is exceptional at their jobs, so if you have any questions or anything like that, you can easily reach out to them. Another thing is we go out for lunch and dinner and everything like that because we get along so great. I mean everybody’s so nice here.
What crazy ideas do Eric & management give you to implement?
It’s about a hundred crazy ideas a day. Eric said let’s look for the 50 richest people in the Philippines and reach out to them. At first we were laughing about it, but then we spent about an hour today going through and looking and searching for all of these people, getting their emails and phone numbers. Tomorrow we can start working on reaching out to them.
What do you feel has impacted you the most?
I think the biggest thing is efficiency and I think that’s the most important thing. What they do is they never want you to have white space on the calendar, so they always want you to be doing something productive. What they’ll do is figure out what you’re best at and then give you 10 tasks that day based on skill set, that you need to get done by the end of the day. You really learn to be efficient in the process of doing bigger tasks, not just little one, like go get me a coffee. These are real life tasks that in the future you’re going to need to be able to do.
Do you feel like you could buy a business on your own now even with constraints such as doing a 6 or 7-figure deal with zero or limited capital or doing a deal even if you’re not the best operator in the world?
Absolutely! If you have a team in place, which we call the dream team, about 8 people around you who are very good at what they do, and are able to bring their skills to the table. Whether their, investors, operators, or have a lot of connections all these people can start helping you make things happen.
Did you ever think acquiring a business was even a possibility before you came here?
I never thought buying a business was even a possibility. Before I came here I used to do real estate. In real estate I know that you can buy properties and stuff like that, because I worked with investors to buy the cash flow stream or flip it. But when it comes to business, it’s very similar in a lot of ways, but I never really knew that people actually did that for a living. Basically if you can get financing and, then find a deal, as long as profit covers everything you need to pay for expenses, you have an endless cash flow stream.
Do you have any advice for anyone considering applying to the DigiStrats internship program?
Just do it. Don’t hesitate. I mean from the time that I talked to Eric, to the time I was on the plane I think was 4 days. Even if you don’t know where you want to be or if you just don’t know how to get there, just sign up and get here as soon as possible because the moment I got here, I got off the plane and worked 13 hours right after a 20 hour flight, because I knew that coming to this program I can learn everything and more.