We are thrilled to welcome you to The Alternative Universe Newsletter!

Whether you're a seasoned fund manager seeking to optimize strategies, a forward-thinking financial advisor eager to provide unparalleled service or a visionary founder passionate about revolutionizing investor engagement, The Alternative Universe is your compass for understanding and harnessing the power of alternatives.

What You Can Expect

Here at Mammoth Technology, we’re striving to stand at the forefront of innovation, continually pushing boundaries and redefining what's possible in the world of alternatives.

Expect our monthly newsletter to include:

• Unfiltered Industry Perspective

  We’ll deliver our perspective on the latest news and trends, providing you with a unique vantage point to help you navigate the ever-evolving alternatives industry with confidence.

• Mammoth in the Media

  We love to talk about alts here at Mammoth, and we love to bring you in on the conversation whenever we can. From podcasts to webinars and more, this space is where we’ll proudly highlight our team members’ conversations within the industry.

• Beyond the Headlines

  In our blog articles, we explore the nuances, spark discussions, and share insights beyond what the industry covers in the headlines.

• Premier Access to Product Enhancements

  As a subscriber, you'll have front-row seats to our latest enhancements to our platform.

• Connect With Us

  Learn where members of our Mammoth Team will be over the next month. Engage in face-to-face conversations, exchange ideas, and be part of the dynamic discourse that propels our industry forward.

• Mammoth Wins

  From career milestones to new music finds to coffee recipes so good that we forget we live in America, we’ll share something the Mammoth team is loving each month.

Why Campell’s Acquiring Rao’s Pasta Sauce for $2.7 Billion is a Win for Private Investors 🍅

Recently scrolling LinkedIn, I came across this post from Josh Brown, CEO at Ritholtz Wealth Management, on how Rao’s was acquired by Campbells for a staggering $2.7 billion.

Josh usually has great insights, but this post likely caught my eye because Rao’s Sauce is the superior choice of jarred pasta sauce, in my professional opinion.

Once I read the post, I wasn’t just thinking about red sauce.

I went down the rabbit hole of looking into Rao’s past and discovered that they started as a family-owned restaurant in 1896 in New York City by an Italian immigrant family. I had no idea it was an actual restaurant?? In 1992, a fourth-generation Rao family member began selling the family-famous pasta sauce in jars, which was the beginning of the brand many of us have come to know and love, Rao’s Specialty Foods.

I came across this article detailing how the brand of bottled gravy was the ticket out of the kitchen, acquired in 2017 by Advent International for an unknown amount.

While the branding of Rao’s still maintains that small family-owned business feeling, there has been a slew of private investors betting along the way, financially tied to this multi-billion dollar brand.

The acquisition by Campbell does not only speak volumes about the brand Rao’s has built but also serves as a big win for those private investors along the way.

View Josh’s full post here.

Full Disclosure: There are some hot takes and strong opinions on jarred pasta sauce in the comments section.

Unicorn Hunter 🦄

I recently came across this really fun infographic by PitchBook the Unicorn Tracker aka “venture-backed companies that raised a round at post-money valuation of $1 billion or more” for all unicorns since 2016.

Click here to view the tracker.

🤯 Did you know that as of August 1st, 2023, there are 890 North American Unicorns worth over 3 Trillion Dollars?

I had fun clicking around and seeing the top industries and regional breakdowns of these VC-backed companies, and think you’ll like looking around too.

Mammoth in the Media

Building Genuine Relationships: The Key to Success in Wealth Management

Jud Mackrill, Mammoth’s Chief Platform Officer, and I were recently on an episode of Milemarker’s Connected Podcast.

Check out our thoughts on how advisors can better prioritize their time and build genuine relationships with their clients.

Full episode available now on YouTube:

The episode is also available on Spotify, Apple Podcasts, or wherever you listen to podcasts.

Milemarker & Mammoth with Jud Mackrill | E289

Jud was also on the latest episode of Jason Pereira’s Fintech Impact Podcast.

They talk through challenges related to data and data management in the industry & how Mammoth is a solution to scaling alts.

The episode is also available on Spotify, Apple Podcasts, or wherever you listen to podcasts.

Beyond the Headlines

For Financial Advisors

For Fund Managers

Connect With Us ✈️ 

Here’s where you can find at least one member of the Mammoth Team within the next month. If your plans align and you're also planning to attend any of these events, please respond to this email so we can coordinate a time to see you!

🗓 Advisor Circle’s Future Proof, September 10-13, 2023, Huntington Beach, CA

🗓 2023 North Capital Partner Summit, September 19, 2023, Salt Lake City, UT

Mammoth Wins

I think I speak for the Mammoth team when I say that one of the highlights of our weekly team call is our tradition of sharing our weekly wins – one from our professional lives and another from our personal experiences.

The personal wins are where things can be unpredictable. They range from the announcement of adopting a new pet to family vacation plans to a Spotify playlist so good that everyone MUST listen to it before next week’s call.

This week, our CEO, Kim Mackrill, shared recipe for something that is very important to all of us and probably you: coffee.

Check out the newly discovered NYT recipe Kim describes as “tiramisu in a cup” here: https://cooking.nytimes.com/recipes/1022403-iced-einspanner.

Thanks for checking out our monthly newsletter. I hope you're enjoying the information and that you'll lend your thoughts and become an integral part of our community that embraces innovation, challenges conventions, and thrives on shared knowledge.

Welcome to The Alternative Universe.

Steve, for the Mammoth Team