WEBVTT
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what is up everybody?
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Welcome, welcome to another episode of the Chasing Daylight Podcast.
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We've had a pretty eventful weekend in the golf space.
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Happy, gilmore 2 got released.
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Joe's mouthing everything I say, looking like a fool.
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Now Dan's doing it.
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Oh man, lab Golf was sold.
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We got our arizona trip coming up, uh one tournament, um, all kinds of good stuff.
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There's an excellent f1 race.
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Jeremy played an amazing course in tucson and and I made our way around concord, I went playing the dirt out of legacy and uh, yeah, it was.
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It was a pretty eventful weekend.
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So, uh, thanks everybody for being here.
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We really appreciate you if you're tuning in uh, live on youtube.
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Thank you very much.
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We very much appreciate that.
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Joe's been doing his damnedest on what not to promote the show and we are getting a lot of the what not faithfuls coming in and hanging out.
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We very much appreciate that.
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Shannon left a question for us.
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Hey guys, would you ever consider doing a what's in the Bag and what's the deal with Lab?
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We will get to that shortly.
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We've done what's in the Bags kind, the deal with lab, we, we will get to that shortly.
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We've done what's in the bags, kind of condensed, just yapping about what we're playing and stuff.
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I haven't really done a video.
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So, uh, I think when we're down in arizona this weekend, we may, you know, create some content and uh, and have some what's in the bags for what everybody's playing.
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Jeremy has a roulette wheel of Scotties that he plays.
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So we'll figure that out.
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Dan has fallen in love with a putter that he won and not sure if the Goodwood's going to make it now and he just won another putter.
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And he won another putter.
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And yeah, Look at Matt being a content creator I said we may make some natural content I don't know if you'll be very creative, I will for sure video.
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I will film video at least.
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Yeah, I will as well yeah, well, you know, jared well no, no hey, it's, it's when he's with Z, because in Tucson he took more photos on a golf course than I've ever seen in my life Ever, every hole, ever, I mean he eclipsed it when he took his third, but man, that course was absolutely incredible.
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Looks sick.
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We all know too the cactus.
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I was going to say we all know too, jay's got a boner for cactuses, so he's just in hog heaven out there.
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It was incredible.
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That place is sick.
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I don't know if you guys knew it before, or it's actually.
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Yeah, we took a little hike before golf into the waterfall to hang around with all the cacti, but yeah, it was pretty sick.
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They have two courses, two courses.
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They have the canyon course, they have the mountain course.
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We played mountain.
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That's the the one that's more popular.
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I guess they have a, the famous third hole yeah, what are you?
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oh, my goodness dude that hole is only 90 yards from the back tee are you serious?
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It looked like it was 200 no, it's tiny, but the green is small it looks half of it's hidden.
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That's what's awesome about short par threes you can make them tough even though you shrink that green and good luck.
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Yeah, the views are awesome.
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Mike said uh, interested in atomic golf?
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Hang out with a nice time in vegas would be free of charge if matt is willing to produce some content.
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Oh yeah.
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We're fucked, we're screwed.
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Oh, I don't know, mike, have you been to the Naked City in August, when it's 110 out?
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Mike, if we do that, it's going to be Matt trying to keep his elbows straight for an hour.
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What is that?
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I'm just saying you're on a search for the perfect swing.
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That's all I'm saying.
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I'm not on a search for the perfect swing, I'm on, I'm 700 of a thousand.
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Well, that's because that's because tim told me to take a thousand swings.
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Okay, so that's on the search for a little bit more lag with this, this new feel hey, Jeremy can attest what he saw me doing today.
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I heard the strikes.
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They were impressive.
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Glow Tay has me swinging it.
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That's great.
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I can attest I saw some good trajectories over the weekend.
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Yeah, it's coming around.
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It's not the search for the perfect swing.
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I don't want the perfect swing, because then there's expectations.
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No, I just want a repeatable, consistent ball striking ability.
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That's what I'm in search of.
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Yeah, if you're not working on something, are you trying to get better?
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It's always something right.
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It could be anything.
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It could be a putting grip.
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It could be a takeaway, right, jeremy, right Jeremy, putting grip.
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I blew Jeremy's to play away, right, it's right, jeremy.
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Right, jeremy, putting grip I blew jeremy's mind today he did damn good vick vick sanchez in the house.
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Let's go oh, what's what's facts?
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Vick, what, what are facts?
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We've been spouting off a lot already this evening.
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If you're not in search of something, you're a side note side note vick is turning into the what not-er.
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He is, I've seen him around.
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I see him in there, I see him winning giveaways.
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He's been texting me, bro.
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He's like I almost had that one he was out there with us at Revere with Peter Lim.
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And yeah, vic, he's been winning some stuff, wing loose and let it rip.
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Let's go, justin, appreciatein appreciate, that's what I'm trying to do.
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I'm trying to get rid of some of that stiffness in my swing and create a little bit more flow I need some.
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I, at that point, I need more ashwagandha, you know, just get a little more stressed out of the body.
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You know what I mean?
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oh yeah, oh, your swing oh, another validation.
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Thank you, vick.
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Thank you very much, yes well, you played with vick right yeah, he was out there with us and peter lim at concord shout out peter lim.
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Guys go follow peter lim on youtube.
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Uh great he's a new vg and doing the work.
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Yeah, doing the work that was my first time, uh, meeting him and playing with him.
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So that was, that was nice.
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He's a nice guy, really good, really good.
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I've never.
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I've never met peter limb, but I did a uh like youtube because when, like when I started whatnot, I was like why are you guys here?
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And uh, he commented um, you know, for, for mutual, like a benefit.
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Whatever he said, I can't remember, but it's like you know that's what golf is.
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It's like help those that help you and shut out peter limb all day.
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Go follow him on youtube he won, he grabbed the uh hg, the, the dice man marker at legacy sick.
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He was the one that got that so, uh, yeah, good people, man, good people.
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We got another new member of the league that just signed up, um, so it looks like we're gonna gonna be close to 66 people out at, uh, highland falls next weekend not this coming up weekend, but following.
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So good on that.
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Hey, uh, real quick.
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Uh, I want to make sure we thank uh the golf stop.
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Uh, the golf stop is an indoor trackman facility here in Henderson that has four track man bays, a little snack bar, air conditioning.
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If you're tired of practicing and playing in the heat, because you're not smart like Jeremy and I and get to Revere at 7 o'clock in the morning, it's hot as balls in the afternoon.
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So having an air-conditioned indoor track man facility is an ideal place to get in some practice.
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Uh, make sure to check them out.
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You can book online.
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You can even go after night.
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You've got to have a membership.
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So check it out.
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Great place to practice 100% 100%, all right.
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So, uh, and, and what's?
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What's bigger news?
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Do you think uh happy Gilmore 2 or Lab Golf selling?
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Happy Gilmore 2.
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Yeah, I think Happy Gilmore 2 might be bigger news.
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Might be bigger news.
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Okay.
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So we'll save that.
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Then let's get into the Lab Golf acquisition and man you want to talk about.
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Anytime something with the lab goes off, I get messages like crazy, and yesterday my phone was going bing, bing, bing bing, because everybody's like did you see?
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Did you see?
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Did you see?
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Uh and um, wow, it was a surprise kind of I?
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I mean, I had a feeling, right, and if if you guys are new here and you haven't listened to the lab golf episode that we had, what two months ago that's two months ago, right, I think it was when sam was on like there was, there was, I could feel it.
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I could feel it in the air, you know what I mean?
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Like something was happening.
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So go check out.
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Matt's gonna pin it right here in the corner somewhere.
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Matt's gonna pin it right here in the corner somewhere.
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Matt's gonna pin it what do you think?
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I have technology to do that, just go back and look at the lives it's got a big lab he's gonna pin it right here, and if it's not here, it's there or it's in the search bar, uh but I'll put it in the link in the show notes.
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How about that?
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now go check it out because I I felt something in the air when he was on the show.
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You know what I mean and you held back.
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No I no, I just he was talking about like uh, sourcing issues and like trying to keep up and when you, when you, and when you invite a private equity firm such as lvmh if you guys don't know, that's louis vuitton, fendi, don perry on like a lot of uh high-end luxury brands into your baby, right, because he said he's been curating it, so it's like you need help.
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At that point.
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It's basically shark tank and uh they were.
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They were struggling to deliver on their deliverables.
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Good for sam, though.
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I mean like sam's living in life, he's living it up, and eugene right now, totally shout out to them.
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I mean that's always the goal as a small brand, right, trying to come up.
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But well, you know, kraken had a great pose today I don't know if you saw that, I didn't know and mac made had a good pose.
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A lot of a lot of the boutique, uh putter manufacturers are chiming in and you know, and none of them are like, oh, this is ridiculous.
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They're all like, hey, good for you.
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You know good for you good for them if that's what you wanted, good job you.
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You marketed it, you got it out there, you got the somebody's eyes on it and and you cashed out now the bill.
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The other owner he said that he reinvested in the new company so he is still going to be involved.
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I I had a very short, brief conversation with sam saying congrats.
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Uh, didn't really go into details.
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I'm sure he's just been getting bombarded and his life is a little chaos.
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So I'll save that conversation for another time.
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So it's just speculation on my part.
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I have no insider news on this whatsoever, just what everybody else is seeing out there.
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So I don't know if Sam also reinvested in the company and is still going to be on board or if he has already bought his yacht and has left the West Coast and is sailing towards the Cayman Islands.
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So we will see in time.
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Uh, but I think with the issues that they've been having, and how I know that they have been having issues is because I I am friends with a lot of accounts that deal with lab and so I hear, I hear the stories about how they're bending over the wholesale guys.
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Um, the costco thing.
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I still don't fully believe 100 that they didn't have anything to do with that speculation.
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No evidence of that, just speculation.
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But when that happens.
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And then you have a private equity come in with that much money.
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You know, and I think cory paul had a great post today when he said you know, private equity firms don't come in and make acquisitions because brands are killing it.
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Yeah, they clean house, they clean house, they, they, they take over because money is needed desperately and they can do it and they feel there's a possibility that they can make some money on their investment.
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Yeah, so we'll see what happens.
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We'll see, we will we will for sure.
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I mean no, no shots at them for taking the bag.
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I mean absolutely not, absolutely not.
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If that's what you want to do.
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If your goal was to grow this, scale it and cash out, go for it.
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Now, like I said, did he cash out?
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We'll find out, we'll find out.
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We don't know.
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We don't know all that, we don't.
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We don't have it all yet I'm just saying if you, if you, yeah they needed help they needed help.
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Somebody comes up to you.
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They knew they needed help, whether it's financially, logistically, materials, whatever the fuck it is.
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When somebody comes up to you and offers you 200 million if that is actually a number- that is a lot of money to say I'm good, I'm going gonna fight through this because I think it's worth it and that's why I said good.
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That's why I said last week good for sam.
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Seriously, don't turn down a po from costco, I'm sorry, yeah I mean, the ultimate goal is to make money.
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Take it to sam's, and if it's, and if it's that stressful and somebody's just like, hey, here here's $200 million, walk away, enjoy your life, you've done it Fuck yeah, you made it Fuck yeah.
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Yeah.
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Absolutely, but we'll see, we'll find out if he's still involved For them and their fan base and how much they love Sam.
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I hope that he stays with them.
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I hope he has some insight.
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I hope he is kept on as an innovator in the space Advisory role or something.
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Advisory role, R&D yeah.
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You could tell when we had our conversation with him, he is incredibly passionate about it.
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Oh for sure he believes what he is doing is for the benefit of golfers all over the world, and I am hoping that he is still involved.
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Yeah, me too, me too.
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Yeah.
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Yeah, for the sake of the game.
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Well, for this yeah.
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For the sake of the brand.
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Well, for I mean, if it's, if he still is involved, that tells me that he still wants to do it, that he still wants to make Lab something amazing and he still wants to be involved.
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Not just write that, check out to me, see you later, I'm gone, yeah, which, and if he did that, it wouldn't bother me either.
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Go right ahead, do what you got to do.
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But just just based on our conversation with him, I think he was an incredibly passionate and wants to see it do well and found a way to get some money that they they needed badly yeah, I think they were incredibly strained, like sourcing, financially, like getting things to get done, you know, and maybe it helps it Like we don't know yet we don't know.
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So I think it was this, or they were going to find themselves, you know, not in operation.
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Yeah, yeah.
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Just trying to get a job.
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Now, this was for a majority state, correct?
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Yeah, they sold their majority shares.
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Sam and Bill sold their majority shares.
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Does?
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that mean Sam and Bill sold all of their shares, or do they still have some?
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They're just minority owners.
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The Facebook post that I saw from Bill said he reinvested in a new company so that he would still be around.
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What role or how much?
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I have no idea.
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I guess we'll.
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He didn't say and he said he wasn't taking questions yeah, time will tell Time will tell it will be out there.
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That's going to be a big nugget to follow, and it's going to because labs and the news my views on my video are spiking again.
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Agreed.
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Double viral.
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Well, I was at Golf Galaxy.
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I was at Golf Galaxy.
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I'm not monetizing that video.
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God, I was at Golf Galaxy today and I was like, should I buy this putter?
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Like if they go to shit do I have a like?
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I was putting with Oz and I was putting with the DF, df three, and I was like, should I buy this and is it going to be like post trash?
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You know what I mean?
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Like our pre trash it could be pre trash, you know what I mean.
00:17:35.449 --> 00:17:38.946
So I was playing with it and I was like, should I buy this just to buy it?
00:17:38.946 --> 00:17:46.630
Like, could this be like pre lab, like acceleration or deflation?
00:17:46.630 --> 00:17:47.412
You know what I mean.
00:17:47.412 --> 00:17:49.748
Who knows what's going to happen?
00:17:49.748 --> 00:17:50.692
It's so hard.
00:17:51.376 --> 00:17:55.310
Rob said lab wasn't set up for scalability for mass production.
00:17:55.310 --> 00:18:04.430
Custom orders and specs is what he got without anyone explicitly saying this yeah, 100%, agree with that, 100%.
00:18:05.262 --> 00:18:19.686
Yeah, and I'm really curious because it was bought by lvmh uh, because the lvmh they, like I said earlier, but like are they gonna slap logos, like a louis vuitton logo, on it and sell it for 2500 like?
00:18:19.807 --> 00:18:22.310
kith brand uh I well I sent it.
00:18:22.471 --> 00:18:26.678
I sent it to katie, my wife, who is in fashion and retail.