- This file was automatically generated by VIMEO 0 00:00:00.380 --> 00:00:03.760 Jay, what's going on? Good, man. Good to see you, man. All right, Jay, 1 00:00:03.820 --> 00:00:05.120 so we've got Jay, Jay, 2 00:00:05.120 --> 00:00:07.240 introduce yourself to the people that don't know who you are. 3 00:00:07.940 --> 00:00:10.680 Jay Victor, president and c e o of Velocity Capital Group. 4 00:00:11.020 --> 00:00:14.800 All right, Jay, so I, I've visited you in, in New York. Yeah. 5 00:00:14.800 --> 00:00:17.400 We've talked in like every other market that we do this. 6 00:00:18.020 --> 00:00:19.400 So now we're in California. 7 00:00:20.190 --> 00:00:23.520 Talk to me about how coming here is beneficial for your business. 8 00:00:24.320 --> 00:00:28.200 I mean, first of all, it's great to see all the friendly faces, um, 9 00:00:28.980 --> 00:00:33.200 but it's good to see new people in the industry and seeing it evolving, 10 00:00:33.370 --> 00:00:36.080 technology evolving. Um, and then there's just a, 11 00:00:36.480 --> 00:00:40.440 a new batch of people that we've never seen before. So a new batch of brokers, 12 00:00:40.440 --> 00:00:44.000 a new batch of funders that haven't been able to come to the banked events or 13 00:00:44.000 --> 00:00:46.840 didn't get to it yet. So now it's more of a, 14 00:00:47.620 --> 00:00:51.640 an introduction to people who haven't really been introduced, 15 00:00:51.640 --> 00:00:52.960 introduced in the past. So, 16 00:00:53.660 --> 00:00:57.120 So talk to me. I mean, this year your business, you guys are growing. 17 00:00:57.220 --> 00:00:59.720 You guys have new things coming out. Um, 18 00:01:01.100 --> 00:01:02.520 how has business been this summer? 19 00:01:03.430 --> 00:01:07.880 It's been crazy. It's been nuts. I mean, we initiated, you know, 20 00:01:07.880 --> 00:01:10.680 some new software, which made us go nuts. Um, 21 00:01:11.360 --> 00:01:15.520 I think I saw you guys interviewing them before, uh, dragging guys. Uh, 22 00:01:15.830 --> 00:01:20.000 it's been spectacular. It's taken us to, I mean, two to three, four x. Um, 23 00:01:21.540 --> 00:01:22.373 on top of that, 24 00:01:22.970 --> 00:01:27.920 we've been able to just see a major influx of deals coming from 25 00:01:27.950 --> 00:01:32.640 like, like hedge funds and, and private investors and, 26 00:01:32.940 --> 00:01:35.440 and, uh, investment bankers. Uh, 27 00:01:35.440 --> 00:01:38.800 they're just unable to obtain capital for their businesses right now. 28 00:01:39.140 --> 00:01:40.240 So the banks aren't lending, 29 00:01:40.260 --> 00:01:43.320 and this is just opening up an immense opportunity for, you know, 30 00:01:43.320 --> 00:01:47.080 people in the M c A space and small business lending market that didn't 31 00:01:47.080 --> 00:01:49.280 necessarily have access to deals like this before. 32 00:01:50.500 --> 00:01:55.240 What's the highlight and what do you guys expect for the end of 2023? 33 00:01:56.640 --> 00:02:00.280 I think it's gonna be madness. I mean, what we've been seeing, 34 00:02:01.470 --> 00:02:05.600 like, I'll give you an example. Like August of last year, for example, 35 00:02:06.260 --> 00:02:09.720 we did, let's just say 6 million, right? I just give you a number. 36 00:02:11.110 --> 00:02:16.000 This past month we did three times that. So that's August. 37 00:02:16.340 --> 00:02:19.120 That's like when people are away and they're not really, 38 00:02:19.150 --> 00:02:23.480 like kids are in camp and like they're, they're still, you know, they're, 39 00:02:23.480 --> 00:02:25.480 they're, they're on there, they're, they're, they're, uh, 40 00:02:25.480 --> 00:02:27.080 summer vacations and things of that sort. 41 00:02:27.310 --> 00:02:30.560 When you're talking going into the peak months with this type of activity, 42 00:02:31.690 --> 00:02:34.640 we're talking October, November, December, when holiday season's, Thanksgiving. 43 00:02:35.020 --> 00:02:37.960 You have New Year's, you have Christmas, you have Hanukah, you have, 44 00:02:38.180 --> 00:02:39.560 you have all of that, right? 45 00:02:40.170 --> 00:02:44.540 Black Fri all when at end of the year when they take December money for taxes, 46 00:02:44.540 --> 00:02:45.090 right? 47 00:02:45.090 --> 00:02:49.900 When you're seeing that type of volume happening like in a slow month, 48 00:02:50.360 --> 00:02:53.660 I'm just, I'm excited to see what happens in the peak months. Really. 49 00:02:54.010 --> 00:02:57.060 Awesome. Well Jay, thanks so much for joining us, brother. Appreciate it. 50 00:02:57.140 --> 00:03:00.430 Likewise, man. Always good to see you. Always fly as usual. Thank you. You too, 51 00:03:00.430 --> 00:03:04.280 brother. So don't discount. I definitely see you in New York. Absolutely. And, 52 00:03:04.300 --> 00:03:07.320 and I like your shoes too. You take the kicks. There you go. I mean, 53 00:03:07.320 --> 00:03:11.240 I have dress shoes, so, you know. I love it though. Fresh pair of ones. 54 00:03:11.370 --> 00:03:15.120 Those are the ones, right? Yeah, yeah. There you go. Good. Oh, I love it. 55 00:03:15.120 --> 00:03:19.200 Alright brother. See you too, man. Alright, so, hi, that's Jay from Velocity. 56 00:03:19.290 --> 00:03:22.120 We've talked to Jay in the past, uh, regarding his, 57 00:03:22.260 --> 00:03:24.560 his services and his company. And, you know, 58 00:03:24.560 --> 00:03:28.760 you shared with us that his company's growing, his company is experiencing, uh, 59 00:03:28.780 --> 00:03:30.320 an explosion like never before. 60 00:03:30.500 --> 00:03:33.440 And that is what we've also been hearing from other people. Uh, 61 00:03:33.540 --> 00:03:35.440 and also hearing how they're, 62 00:03:35.660 --> 00:03:39.880 how coming here to California is helping their business grow and it's also 63 00:03:39.880 --> 00:03:43.680 helping their business, uh, go to the next level. So that's also exciting.