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How I Bought 24 Companies And Here's Everything I Learned Looking At 1000s | Xavier Helgesen Interview
3 juni 2024 · 1 uur 2 min
If you are ever considering buying or investing in a profitable small business… Lees meer
Or you want to build a holding company where each company is run by a CEO...
Here's my talk with Xavier Helgesen (co-founder of Enduring Ventures), where he shares everything he knows about buying businesses after 20+ acquisitions and looking at 1000s
- Currently 17 companies in the portfolio
- Revenue $100 million+
- Spends plenty of time with family and children
"Pay for Quality of Earnings even on small deals."
"The best way to find a CEO for a business is to ask the seller who has asked about buying it in the past."
"Look for the smallest, weirdest niches. Less competition, greater margins."
We discuss:
– Everything he knows about buying businesses after 20+ acquisitions and looking at 1000s
– His MEMO to his 25-year-old self that he posted on his 45th birthday
– The biggest risks and rewards of buying small businesses
– What makes Nick Huber one of the best entrepreneurs he’s ever met
– Finding the best CEO for Portcos
00:00:00 - Intro
00:00:31 - Most “bad” things that happen to you are not as important as they feel at the time
00:04:29 - Selling Apple and Nvidia in 2011 and Google in 2008. “Don’t be me.”
00:08:27 - Consistency for physical activity matters more than maximal excursion
00:13:36 - Your most important mission in your 20s is to surround yourself with the most talented people in the world in your chosen craft and learn from them
00:20:27 - Owner operated businesses are super efficient. Owner does six jobs. You will probably spend more to professionalize
00:29:40 - Look for rich owners as there are a lot of small business owners who are not that rich
00:37:34 - Make sure management only gets paid bonuses when they distribute cash flow to owners
00:41:19 - The best way to find a CEO for a business is to ask the seller who has asked about buying it in the past
00:43:35 - Most CEOs and entrepreneurs have no idea how to build an audience that they can…
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He Raised $450 Million At 31 With No Prior Experience & Grew It To A Market Cap Of $33 Billion | Research on Urs Wietlisbach
20 mei 2024 · 23 min
Imagine being in your early 30s, starting a private equity fund and raising $450 million as your first fund. Lees meer
All this with no prior track record and without your rich father or uncle.
Years later, you own 90 companies, have $152 billion in AUM, your EBITDA is growing at 15% year-over-year, and only Thoma Bravo has outperformed you…
True story, all the way from Switzerland…
1. "Stock and bonds are boring, so we went into private equity."
2. "The concept of thematic research helps us find the best companies with the strongest tailwinds (returns could 6-7 times invested capital)."
3. "Step-by-step on we they took a $38M EBITDA business to $110M in EBITDA in 4 years."
Here is my full research on a true king of private equity Mr. Urs Wietlisbach:
Show notes:
00:00:00 - Intro
00:01:05 - “Stock and bonds are boring, so we went into PE”
00:03:09 - When should one leave their job to start their business?00:04:10 - Being scammed by a crazy German $120,000 in the early days00:09:21 - Doing due diligence 582 days before the company is even for sale
00:14:03 - Better returns than Blackstone, Apollo, only Thoma Bravo have done better
00:15:24 - Thematic research allows them to find deals where they make 6-7 times their money
00:20:01 - CEOs are tied with shares and sometimes make triple-digit millions ($100m+ from a single investment)
Follow PrivatEquityGuy on Twitter: https://twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small profitable niche businesses: https://privatequityguy.beehiiv.com/
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How I Bought 4 Small Businesses And Grew Them An Average By 65% In The First Year | Chase Murdock Interview
13 mei 2024 · 1 uur 9 min
Imagine raising millions for your startup… Lees meer
A team of 50 and significant revenue…
Then getting FIRED from the same company you started…
Then starting a boring traditional company that generates significant cash flow, so you could buy another company…
And not just one, but 4 companies!!!
And THEN, growing these businesses an average of 65% in the first year post-acquisition.
All this in four short years.
What a WILD story and an even wilder life for 34-year-old Chase.
“It was a condensed MBA – 50 employees. Millions in revenue. Scaling the company at a double- and triple-digit YoY growth rate. I was a 23-year-old clueless entrepreneur trying to keep a ship together… Ultimately, getting fired from my baby.”
Today, Chase is a new man, happy, relaxed, builds a business he never wants to retire from, travels the world with a kid, and Decada Group has 5 companies in its portfolio.
We discuss:
— Why slow growth may be the smartest thing ever d
— The best companies plan for decades
— Having fun daily, and genuinely enjoying building the company vs. arrival fallacy and chasing IRR
— How to grow a business (SMB Growth Playbook)
— 5 step guide on how to grow business by 65% in the first year post-acquisition
Show notes:
00:00 - Intro
00:31 - The wild story of raising multiple rounds of VC and then getting fired from your own company
05:09 - Transforming a profitable lifestyle business into a serious cash cow type business and a portfolio of 5 SMBs
07:05 - Building a holding company by accident. “It was never the idea.”
14:50 - How to make sure opportunities come to you vs. you constantly chasing them
18:48 - The technology revolution is not over, but the heyday is over
23:32 - Overview of the current diversified portfolio of traditional businesses
27:53 - How do they find companies to acquire while having ZERO competition on deals
38:10 - Growing portfolio companies by an average of 65% in the first year post acquisition (How exactly?)
54:51 - Pros an…
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Annualized Returns of 35%, $115m AUM and 7 Investment Traits To Such Success By Mark Sellers
6 mei 2024 · 20 min
There's a gentleman who manages a $115 million AUM fund with annualized returns of 35% (before fees) since inception. Lees meer
And he wrote a 3,150-word letter for those who dream of compounding their money at 20-25% per year over the course of their careers.
1. Your chance of becoming a great investor is 1/50 of 1% or something. If not less… You have almost no chance of being a great investor.”
2. Going to Harvard, Stanford, Wharton or reading every book ever written on investing won't make you a good investor
3. I don’t believe there is a correlation between investment performance and number of books read.
4. Experience is overrated. It’s important but it’s not a source of competitive advantage. If that wasn’t true, all the great money managers would have their best years in their 60s, 70s and 80s. And we know that’s not true.
“There are 7 traits great investors share that are true sources of advantage because they can’t be learned once a person reaches adulthood. Some of them can’t be learned at all, you’re either born with them or you aren’t.”
Show notes:00:00 - Intro
00:43 - Why only very few can compound money 20% for their entire career
05:22 - To protect your investment, you need one of these four sources of economic moats that are hard to duplicate
07:59 - Having advantages over fellow fund managers and individual investors
11:12 - 7 traits that can’t be learned yet true investors who end up compounding at 20% or 25% over their careers ALL have in common
Follow PrivatEquityGuy on Twitter: https://twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small profitable niche businesses: https://privatequityguy.beehiiv.com/
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How I Bought 3 Companies And Built $20M Industrial Portfolio in 3.5 Years | Jules Brenner Interview
29 april 2024 · 57 min
Ever considered acquiring a profitable, sub $1-5M EBITDA niche business? Lees meer
So you could spend summers on Lake Como, winters in Aspen, and Saturdays in Las Vegas at the Wynn listening to David Guetta…
Or so you could retire your parents, send your lovely kids to a private school, and buy your wife the BMW convertible she always wanted…
I don't know your exact dream, but owning a business like this makes it all possible.
So... I have something for you.
I believe Jules Brenner of the Industrial Succession Group just shared everything one needs to know when it comes to acquiring a traditional niche business with $1M+ EBITDA.
How to find a deal?
How to find co-founders?
How to raise capital?
How to pitch investors so they are actually willing to invest?
How to manage it all post-acquisition?
Ohh.. and I forgot.
He really walks the talk:
3 acquisitions
$20 mil in revenue
50% gross margin
$4 mil in EBITDA
With a goal of reaching $100 mil by the end of 2028…
And maybe (if a few acquisitions go well) $35 mil already by the end of 2024
Most importantly, him being very open and generous with advice, sharing it all without holding anything back.
We discuss:
— Creating a list of companies to be acquired
— How they will reach $100 million by 2028
— 6-7 failed deals, while not losing hope
— How to pitch, structure and present a deal in a way that investors would love
— Deal structure (equity to debt ratio)
— A very good VP of Marketing can do magic for your traditional business
— An agency where people make 100+ cold calls a day to grow their business
00:00:00 - Intro
00:00:41 - A portfolio of industrial companies with 100+ employees
00:05:39 - 2.5 years of research (for example, metal fabrication in the aerospace industry)
00:09:58 - Step-by-step guide to how you pitch your deals so investors want to participate
00:19:02 - “If you paid nothing for a company, would you still buy it?”
00:25:14 - Obvious red flags when looking at deals
00:31:39 - A l…
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How I Make $14M Net Profit Per Year With a Team Of 16 People | Matt Paulson Interview
22 april 2024 · 53 min
What would be your potential reward for mastering the fundamentals? Lees meer
Whether it's small business acquisitions, private equity investing, or the financial media and newsletter business…
In Matt’s case the reward is approximately $14,000,000 in net profit in 2024
All this with a team of 16 people.
We discuss:
— How to grow a business (Growing 86% in 2020; 77% in 2021)
— Email is still massively untapped for PE funds, VCs and traditional businesses
— Spend $1-2m per month on advertising
— Why more private companies should publish their numbers
00:00:00 - Intro
00:00:19 - Team of 16; $2.3M in revenue per employee
00:05:57 - Different sources of revenue
00:07:48 - A short masterclass on how business builders and investors can use email to their advantage (deals, talent, capital)
00:18:01 - Mentors are key
00:19:19 - Hiring mistakes and lessons learned
00:22:54 - Bootstrapping vs. raising capital
00:23:25 - Why share ALL numbers publicly, even when running a private company
00:28:17 - How to overcome VERY difficult periods (personal, family, business)
00:39:11 - 3 lessons from 17-year career (distribution is everything)
00:43:12 - The key to 0.0001% success is to turn your business into your hobby
00:50:47 - $200,000,000 and I’m out
My full conversation with Matt Paulson, the founder of MarketBeat — Stream now.
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Matt on Twitter: https://twitter.com/MattPaulsonSD
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How He Built $500M Revenue and $100M EBITDA HoldCo in 5 Years (Röko CEO Fredrik Karlsson RESEARCH)
19 april 2024 · 19 min
Imagine being so unhappy with your boss that you leave… Lees meer
- Start the exact same business
- Following the exact same strategy
Today, ONLY 5 yrs later do $500m in revenue and $100m in EBITDA
Here is my full research on a true M&A and buy-and-build pioneer Mr. Fredrik Karlsson:
00:00:00 - Intro
00:00:52 - 24 portfolio companies (15 B2B; 9 B2C)
00:03:51 - The type of businesses they acquire
00:07:00 - The beauty of investing in HoldCo businesses
00:10:05 - A very successful investment in yacht supplies business
00:12:19 - How to find the right CEOs to run PortCos
00:16:02 - Being happy with 1% organic growth
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small profitable niche businesses: https://privatequityguy.beehiiv.com/subscribe
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How I Acquired 8 Companies By Age Of 32 While Traveling To 20 Countries | Lee Betts Interview
7 april 2024 · 43 min
Here is the dream story of many entrepreneurs: Lees meer
Owning a business that generates so much free cash flow that you can invest in/acquire 8 businesses.
I’d even call him Andrew Wilkinson Jr…
Capital allocation at its best…
Started in 2017…
Today there are 8 companies in his portfolio.
All while being 32, traveling & living in 20 countries, having Tim Ferriss as an inspiration and driving a Range Rover Sports.
Most importantly, being generally happy and relaxed (my comments about him).
"The freedom of location. For the past 7 years I’ve lived and worked in 20 different companies. Only thanks to the businesses I ran.”
We discuss:
— Building a list of companies to acquire
— Finding the absolute best off-market deals
— Growing businesses 2-3 times in 18 months
— A 30-day post-acquisition action plan
— One book that changed his life forever
00:00:00 - Intro
00:00:29 - Early failures turned into successful cash-flow machine
00:03:20 - Andrew Wilkinson from Tiny as a big influencer
00:05:18 - Acquiring a business using seller financing or not doing a deal at all
00:07:54 - Capital allocation at its best - buying vs. starting
00:11:19 - 8 businesses, 8 different CEOs
00:18:35 - Growing portfolio companies 2-3x in 18 months
00:21:19 - How to build a database of companies you want to acquire
00:23:52 - How to acquire a business in 30 days
00:27:59 - This is how you build a company where people want to work
00:32:11 - Turning big mistakes and failures into success
00:36:09 - Diversification, diversification, diversification
My full conversation with Lee Betts, the founder of BettsCo — Stream now.
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Lee on Twitter: https://twitter.com/leebetts_
This podcast is for informational purposes only and should not …
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My Top 16 Lessons On Actively Looking For Exeptional $2-10 Million Revenue Companies (Pre-Acquisition)
29 maart 2024 · 29 min
One great acquisition can change the life of you and your children.Forever.As the smartest private market deal makers have said:"The goal is to acquire $10 bills for $3 ... and again, that's only possible in the private markets."My top 5 lessons on actively looking for exeptional $2-10 million revenue companies. (Pre-acquisition)1. Being street smart will take you further than you can imagine. Cold calling. Being likable.General soft skill, listening more than talking, asking great questions. Doing a follow up. Many don't want to do it, and most don’t know how to do it.2. VC is sexy; but old-school folks who run a cogs and gears manufacturing biz in their 50s are much happier. They make money every single day. Days become weeks. Weeks become months and years.95% of them are seriously happy with zero debt and not much stress. Time for a wife, time for kids, time for hobbies, time to travel. No Forbes but they could care less.3. An hour-long meeting that will last 2-3 hours. Take time and listen. This is their life's work. Very rarely does anyone go there and appreciate the work they’ve done. It’s their baby. It’s the company they have built. Be that person who listens.4. Without brokers, it takes years. Getting a person who does not want to sell their business to actually sell it, takes ages. You really have to enjoy the journey. If it's a great business, you play by their rules.5. Soft-skills. Forget the Excel and EBITDA. They barely use CRM. Talk in plain language: "How much money did you make last year?"That and 11 other lessons, hot takes on this week's podcast: Lees meer
00:00 - Intro
00:47 - A person with average intelligence can do it
02:56 - Forget the industry
08:52 - It's a numbers game
16:12 - Emails are good. Phone calls are better. IRL meetings are the best
24:01 - Practice negotiations, make offers
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuyJoin HoldCo Builders weekly newsletter on finding deals, raising capital, and growi…
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How To Grow ANY Traditional $2-$10M Niche Business 50-200% Annually?
21 maart 2024 · 33 min
The day has come! SME people, whatever you are doing, stop it. Lees meer
Here is a masterclass:
How to grow ANY traditional and “boring” business 50-200% annually.
From $2.2M to $3.1M…
From $7.6M to $11.2M…
From $1.2M to $1.8M…
And why do so many boring niche businesses suck at marketing?
Masterclass notes:
00:00:00 - Intro
00:00:56 - Why should we listen to Priit in the first place?
00:01:25 - Customers are satisfied with my products, what next?
00:02:43 - “Yes, but I have an agency or marketing person in the office, isn’t that enough?”
00:04:46 - Posting on Instagram, running FB and Google Ads – Good but very far from enough
00:06:55 - The biggest problem is not HOW to achieve growth
00:08:52 - How to grow from $2-10 million per year mark to $20 million
00:11:06 - What is data-based marketing?
00:16:29 - I’ve been stuck at $2 million for 4 years: here’s how to grow to $5 million
00:19:27 - What does going through that kind of growth require from the owner and management
00:25:14 - How quickly can Priit turn the company around?
00:27:41 - Business owners don’t know what they don’t know
00:30:39 - “Do this and you’ll succeed!”
If you are a business that needs help with growth marketing, I highly recommend getting in touch.
Note: Alongside being a happy customer, I am also an investor in the business.
Link to Conversion-Ninja
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuyJoin HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribeThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How This Private Equity Fund Achieved An IRR of 72% After Doing 586 Deals
11 maart 2024 · 26 min
Spent 7 hours researching a true master of small cap private equity: Lees meer
- 586 transactions
- Acquire $1 million to $10 million EBITDA companies
- Average deal $12 million
- 72% IRR
- 7x cash on cash returns
He had two rare public appearances on Patrick O’Shaughnessy’s and Harry Stebbings' 20VC podcast.
His name is Justin Ishbia and he is the founder of Shore Capital Partners.
00:00:00 - Intro
00:01:28 - Mentors
00:02:05 - Lessons from dad
00:04:05 - Early days of Shore Capital Partners
00:09:45 - Margin of safety
00:11:50 - Making mistakes
00:14:40 - 80% are the first time CEOs
00:17:19 - How Justin finds six to seven talented Board of Directors for each of his portfolio business
00:21:45 - How to build systems that works 8 times out of 10
00:23:25 - Which people succeed in Shore Capital Partners
Here's what I learned:
“Constellation Software, Mark Leonard is a friend and a mentor. I'm not smart. I know who to copy. And did I copy -- they did all in software. We've done it in operating businesses,”
Biggest lesson from dad: “Don’t do things you don’t understand. You do what you understand and you can execute on it well.”
Industry, industry, industry! “If you go into the publishing industry right now, he doesn't care if you are Jack Welsh’s at his prime, you'll probably not end up having a bunch of success.”
80% of our CEOs are first time CEOs. Big believer in early career energy. It takes a really smart person about 18 months to learn 90% of the industry.
Margin of safety. Most private equities commit $100 to a thesis, investing between $60 and $80 of that investment for the platform and reserving $20 to $40 for add-ons. Justin and Shore Capital have almost the exact inverse. They’re committing $100 to the thesis, and deploy $5 to $25 for the platform. It gives that great opportunity, he thinks, to increase your margin of safety, increase an opportunity for success.
The biggest take away was how Justin hires 6-7 board of directors for portfolio …
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How I Bought 12 Service Companies (Without Investors) | Nick Haschka Interview
4 maart 2024 · 56 min
Very first acquisition in November 2016 Lees meer
As of March 2024, they manage a portfolio of 12 companies.
All done with their own capital.
(Except the one they did in late 2023)
95% of acquisitions have been owner succession & retirement driven buy-outs.
Cub Investments with Nick Haschka makes long term buy & hold equity investments in growth-oriented field services companies.
Most importantly, all this while raising three beautiful children.
Their biggest competitive advantage – looking for companies with an extremely small universe of buyers.
“What we do is very different from corporate America, strategic consulting, investment banking, PE, McKinsey….”
We discuss:
— Finding the absolute best deals
— Location as your biggest advantage
— How to get the buyer to sell the business
— Doing everything with their own $$$
— Using SaaS as a difference maker in those boring businesses— Post-acquisition before and after
— Finding a perfect co-founder
00:00:00 - Intro
00:00:19 - Current portfolio and Nick’s dream acquisition...
00:02:10 - Background story and why small business PE is not for most people
00:05:50 - How Nick finds the best deals
00:10:55 - Location and industry knowledge as your biggest advantages
00:13:30 - Red flags when acquiring a company
00:16:25 - 2023 and raising capital in a short 4 weeks
00:24:40 - What made the biggest difference in their MOST successful deal
00:32:07 - Craziest post-acquisition stories
00:39:30 - Founders relying on their memory,not CRM
00:44:19 - Partnership with the co-founder
00:51:01 - The work never stops - how to manage it all
My full conversation with Nick Haschka, the co-founder of Cub Investments.
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Nick on Twitter: https://twitter.com/NickHaschka
This pod…
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How I Bought Real Estate Which Makes Me $1.7 Million Per Year | Ben Wolff Interview
18 februari 2024 · 1 uur 1 min
What if you can't code and you're not good at tech? Lees meer
You go and start a business that makes $1.7 million per year.
This is what Ben Wolff did with little money and reasonably short period of time.
Today, he manages more than $65 million worth of real estate.
"With our properties, we achieve industry-leading margins of, say, 52-55% NOI."
We discuss:
— Opening first property
— Starting an real estate management company
— Secrets of using social media platforms in short stay
— Achieving 52-55% NOI margins
— How to really own customers
— Not relying on booking platforms
00:00 - Intro
00:40 - Being broke, $30,000 in debt, what next...
07:05 - REIT (a public company) acquires the majority of the company
11:00 - Revenue and size of the business
14:02 - Fundraising with no track record used to be easy
20:17 - Luxury hotel stays and 50%+ IRR
24:49 - Using social media to achieve industry leading margins
30:45 - 100% overship of a customer
31:50 – How traditional businesses should use social media to their advantage
34:34 - The biggest lesson as an operator - quality!
42:05 - The benefits of sharing everything publicly
54:30 - Reinvesting all real estate profits in the media
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Ben on Twitter: https://twitter.com/UniqueStaysGuy
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How I Bought 8 Traditional Businesses and Built a $127M Portfolio | Rafael Quinn Interview
25 januari 2024 · 56 min
Ever wondered who are the young folks who build these great business portfolios? Lees meer
2020 $17.0m
2021 $44.1m
2022 $64.9m
2023 $126.8m
All that within a reasonably short time.
While spending tons of time with kids and family.
I mean today Rafael Quinn is 44 years old, but decades from now people will be Googling him to find out how he started this massive conglomerate called Alternative Holdings.
The best investment advice:
• Buy companies you understand
• Run by people you want to work with
• Pay a fair price
“No matter how important I believe cash-flow is. Every 6 months I’m reminded again of how much more important it is.”
We discuss:
— Why they look at EBIT instead of EBITDA
— Dividend payments while building wealth
— A 5 year period of doing ZERO deals
— How to create value by prioritizing your strengths
Show notes:
00:00:00 - Intro
00:00:23 - At 26 he sold everything, slept on a floor for 15 days and moved to Panama
00:02:55 - 1st acquisition and how it all got started
00:05.00 - How much money Rafael invested in the first deal
00:07:50 - The importance of having the right co-founder - whoever says no wins
00:11:00 - “Better be lucky than smart”
00:11:26 - Being investor vs operator
00:13:30 - The number 1 key factor of the most successful holdco conglomerates
00:17:55 - The amount of debt they use
00:21:20 - What has been the average acquisition multiple
00:31:46 - Time spent on each business per week
00:39:40 - CEOs and their attitude & work ethic pre- vs post-acquisition
00:42:50 - The acquisition process and the discipline of say no to 100s of businesses
00:48:01 - Cashflow, cashflow, cashflow
00:51:10 - Spending time with kids is the best thing ever
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Rafael on Twitter: https://tw…
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How I Left Goldman Sachs To Start a $1B+ Company | Michael Cassau Interview
17 januari 2024 · 49 min
Imagine being in your 30s and having a track record of raising more than a billion in debt and equity. Lees meer
And starting a company which is worth over $1 billion.
Here you go:
Let me introduce you to Michael Cassau.
From working at Goldman Sachs and Rocket Internet.
To founding a company that raised more than $330 million in a recent fundraising round.
Location: Germany
Name of the company: Grover
We discuss:
— Investors and the signals they follow
— What does it really take to raise 100s of millions?
— Why too many companies have a great story but still end up going bankrupt
— How high energy ensures extreme results
Show Notes:
00:00 - Introduction
00:21 - How Michael celebrated when they raised $330 million
01:35 - Michael’s first jobs after university
02:56 - Lessons while working for Rocket Internet
04:29 - Early days of Grover (marketplace model)
07:04 - The balance between raising enough equity and debt
07:53 - How to build a company where people want to invest 100s of millions
10:52 - When is the right time to step down as a CEO
11:33 - Tips for fundraising (number two is surprising)
14:49 - Few funny fundraising stories
16:51 - The ins and out of building relationships with investors
19:13 - Biggest mistakes: LPs pushing GPs; GPs keep pushing founders
21:19 - What Michael knows today but didn't know in 2015
25:40 - Who Michael looks up to
27:12 - A typical day is 8:00am to 2:00am; still finds time for family
30:40 - 4-5 “aha” moments which made all the difference
36:41 - Find the right “energy” and you can build a very large company
41:53 - What Michael learned from Novak Djokovic (winner of 24 tennis Grand Slams)
43:14 - “Next, I’m going to build the company which…”
44:25 - The GDP of US will double within the next 10 years
45:21 - Australian investors made an offer to move to Sydney to build HoldCo
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding dea…
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How I Buy Machinery, Make Millions in Net Profit and Work 3-4 Hours a Week | Ujwal Velagapudi Interview
5 januari 2024 · 1 uur 3 min
Ujwal and his VERY unsexy story on building a holding company which is on track to hit 8-figures in EBITDA. Lees meer
All while being just 32 yrs old, traveling the world and sometimes working 3-4 hrs a week.
The crazy part – he built it with no prior PE or M&A experience.
His secret to success:
"Just go and do it. Have the ability to figure things out. That's all. That's the advice."
We discuss:
— How to save enough to buy a business
— Funding for all of his transactions
— Managing the company while traveling for 3 months
— Doing everything alone, without outside help/assistance
Show Notes:
00:00:00 - Intro
00:00:21 - Ujwal's eatly days as an entrepreneur
00:04:37 - "I did absolutely everything I needed to. Myself!"
00:06:25 - Zero moments of doubt
00:07:50 - The story of the man who acquired Adidas
00:10:35 - Did Ujwal really go to the Rio Olympics 2016?
00:10:55 - Ujwal 1st, 2nd, 3rd, 4th, 5th acquisition (lessons from this)
00:17:55 - BIG QUESTION: How did Ujwal finance all the deals
00:23:45 - DD, Structure - How Ujwal himself figured it all out
00:26:50 - How to do something without prior experience
00:29:15 - You are capable of figuring things out
00:29:45 - Size of HoldCo today, how many machines, headcounts, etc.
00:34:10 - The day-to-day; sometimes working 3-4 hrs a week
00:38:45 - Where does most of the revenue come from
00:45:58 - The biggest challenges in this business
00:54:01 - How to achieve 8-fig EBITDA in 5 yrs
00:57:08 - We get personal - what excites Ujwal?
01:01:11 - Ujwal looks for significant other
01:01:23 - Best investment advice given by Ujwal
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Ujwal on Twitter: https://twitter.com/UjwalVelagapudi
This podcast is for informational purposes only and should not be relied upon as …
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How I Acquired 4 Companies and Built $30M Portfolio in 4 Years | Mathias Calonius Interview
23 december 2023 · 56 min
Mathias Calonius is a serial acquirer and co-founder of the Finnish holding company JATKAJA, which has 5 companies in its portfolio and a turnover of more than 50 million dollars. Lees meer
“The first 3.5 years have included 10+ transactions and the formed 4 group companies stand at around $30M+ in revenue”
Location: Finland
HoldCo name: JATKAJA (means: continuer)
This short 55-minute call turned out to be an MBA on how to build a diversified HoldCo around boring traditional companies.
We discuss:
— Day-to-day when operating 5 portfolio companies
— How to find excellent deals
— Expensive mistakes to avoid in the future
— How to 3x a $3m company to $9m company
— Entrepreneurs being too greedy
Show Notes:
00:00:00 - Intro
00:00:15 - Why invest in traditional companies and not in something else?
00:02:25 - Swedish series acquirers (trading at P/E ratio of 25x) were a big motivation
00:03:45 - Is Mathias a generalist or a specialist
00:06:15 - What Mathias and the JATKAJA team look at when acquiring the company
00:08:45 - This is how they find deals
00:13:10 - How much time they spent on finding good deals in 2023
00:14:05 - Will they buy 100% of the company
00:17:00 - Growing a portfolio company from 3 million to 9 million in revenue
00:19:35 - Exact methods to accelerate growth
00:23:30 - The biggest mistakes with portfolio companies
00:28:10 - HoldCo's biggest risks in the world (sales-sales-sales)
00:31:20 - How Mathias spends his time between 5 portfolio companies
00:32:55 - Mathias' difficult situations in life and business
00:35:02 - Should we build one company or focus on 19 other companies?
00:38:03 - When a great team meets a bad market, the bad market wins - how and why?
00:40:20 - We all have that friend who isn't the smartest but runs a very successful business
00:41:25 - Should you be greedy in business?
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, rais…
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How I Built My Own Investment Fund Advisory Firm After Leaving a Global Law Firm | Michael Huseby Interview
15 december 2023 · 1 uur 6 min
Michael Bjorn Huseby is an investment fund formation attorney at a global law firm. Lees meer
He represents both fund sponsors (GPs) and investors (LPs).
In 66-minutes Michael proved to me that he has seen almost everything in the world of funds...
“Investors don’t want to see something they haven’t seen before.”
“Yet some GPs pitch an investment deck with a 7% management fee.”
We discuss:
— Sideletters & waterfalls
— How to choose the right structure for your fund
— The best ways to build relationships with LPs as a GP
— Whether and why you should raise capital on X
Show notes:
00:00:00 - Intro
00:00:10 - will Michael charge a typical fee for the hour of podcast?
00:02:25 - Importance of side letters (an excellent overview for both LPs and GPs)
00:07:30 - why do GPs keep screwing up the “most favored nation provision”
00:10:45 - it’s a lot of sideletter per $300m aum fund (some very obnoxious)
00:11:43 - who pays for a sideletter?
00:15:40 - the most important thing to know about sideletters (red-flags, etc)
00:17:15 - a lot of LPs will invest because of the information and not just returns
00:18:45 - why very large family offices write test checks of $25,000 and not more
00:20:00 - what is a Waterfall?
00:23:25 - Investors don’t want to see something they haven’t seen before
00:25:50 - “forget the 2/20, I’d like to have a 7% management fee”
00:29:05 - why you shouldn't set up a fund without charging a fee
00:32:00 - how to structure your investment fund in a correct way
00:38:28 - Best ways to build relationships with LPs while being a GP
00:43:10 - being truthful about company valuations
00:45:30 - out of 39 investments; only 7 companies gave reports
00:47:43 - step-by-step on how to create a fund (documentation)
00:51:56 - how to recover when you mess up your first fund
00:57:53 - You can market your fund on X / podcast (using 506C)
01:00:10 - don’t promise insane 40% IRR projections
01:00:55 - what can you promote on X; and what can’t you…
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How I Built Two Banks to $1 Billion in Total Assets | Andy Schornack Interview
5 december 2023 · 59 min
Andy Schornack is a CEO of Flagship Bank and a President of Security Bank and Trust Company. Lees meer
Flagship Bank - $324 million in total assets
Security Bank and Trust Co. - $713 million in total assets
“I always wanted to be in a position where I’m running my own small medium sized company. I didn’t know it’d be a bank.”
We discuss:
— The story of how they have bought and built two banks from nothing to a Billion $$ in assets
— What do bankers look for when giving loans to SMEs
— Internet banking vs. traditional brick-and-mortar banks
— How bankers think in different situations
Show Notes:
00:00:00 - Where does Andy's ambition come from
00:05:14 - What is the secret souce when it comes to building banks
00:07:00 - Why people don't like bankers
00:09:27 - Bankers are often behind the walls, why Andy builds in public
00:13:22 - You'll be surprised who's watching you
00:13:42 - Winter is coming
00:15:40 - Why most fintech businesses suck
00:19:40 - Banks Andy have bought
00:21:06 - What small biz owners should know about bankers
00:24:18 - How big is the acquisition opportunity of millennials to buy companies
00:26:15 - The story of a shipping company with a debt of $1.3B
00:31:00 - The story of a RE investor with $700 million in debt
00:35:30 - The story of how a true professional creates and maintains relationships with his clients
00:42:27 - What books Andy reads
00:45:55 - Being relentless together with Jeff Bezos
00:52:45 - How to become a CEO of a bank and what would Andy do when staring again today
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Andy on Twitter: https://twitter.com/Schornack
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How I Built Companies That Make More Than $100M | Val Katayev interview
21 november 2023 · 59 min
Val Katayev is a serial entrepreneur with $100M+ in profits & exits. Lees meer
Today Val runs a diversified holding company.
Founded and led four successful companies to hyper-growth centered around digital media in display, mobile, music, search and data.
On this episode, PrivatEquityGuy & Val discuss:- building $10m and $100m businesses
- how to raise millions of dollars for an asset management firm
- what makes distribution type businesses so great
- how they built a peer-to-peer lending platform
- why friends reaching out to Val and giving him money to invest
- money, identity, happiness
Show Notes:00:00:00 - Intro00:01:08 - If you don’t work on your side-hustle on the weekend you don’t want it bad enough
00:03:00 - "I always knew I’m going to be successful"
00:07:20 - First successful company
00:08:30 - Where Val found business opportunities
00:09:43 - $9.5M in revenue; $8.5M in profit story
00:13:10 - Val’s current business: platform for independent fine jewelers
00:15:34 - Growing AUM from $5M to $500M in three years
00:27:20 - Diversify yourself when it comes to capital sources
00:31:55 - What Val looks when it comes to hiring talent
00:34:25 - Which tasks and responsibilities to delegate
00:36:00 - Most efficient way to build a $10m or $100m business
00:40:55 - Val’s relationship with money
00:49:40 - Why did he join The Hampton
00:52:00 - It’s OK to ask help on Twitter
00:52.55 - Val in year 2040
00:57:40 - Val hopes the clock really stops ticking haha
Follow PrivatEquityGuy on Twitter: https://Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses:
https://privatequityguy.beehiiv.com/subscribe
Val on Twitter: https://twitter.com/ValKatayev
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
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How I Acquired a Large Company Right After Stanford MBA | Justin Mazeka Vogt Interview
9 november 2023 · 1 uur
Justin Mazeka Vogt is the co-founder and CEO of Evermore Industries, a permanent capital holding company he founded with Ed Redden in 2020 Lees meer
Prior to co-founding Evermore Industries, Justin invested in ~100 transportation and industrial businesses with Bain Capital Credit in Boston, Massachusetts.
Justin holds a Finance degree from the University of Notre Dame as well as an MBA from Stanford's Graduate School of Business.
(I'm very sorry for my audio. My microphone messed up a few minutes before the podcast.)
On this episode, PrivatEquityGuy & Justin discuss:
- Evermore Industries dream business acquisitions
- lessons learned after 18 months of running a business and setting up a holding company- how and why they don’t think about dividends, and don't care about M&A.
- why everything is around trying to maximize value per share- what Justin is telling to her wife when she wakes up one day and wants Justin to buy her a brand new Porsche
- Frustration = expectations - reality
- Justin step-by-step strategy as a long-term owner
- why when they got started they didn’t look for investors, they were looking for investor-advisors
- how complementary skill sets such as operational expertise vs investing expertise really work together.
- what is the one decision that you can make that makes all of the other decisions easier.
- Justin's “best book” recommendationNo hype. Nothing flashy. Just real stories from a serious investment specialist.
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Justin on Twitter: https://twitter.com/J_M_Vogt
Evermore Industries invests in high-quality, profitable, growing technology and service and businesses with no intention of ever selling. Based in Austin, Texas, and investing around the United States, Evermore Industries exclusively focuses o…
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How I Invest My Millions I Earned From High-Stakes Poker | Alec Torelli Interview
31 oktober 2023 · 1 uur 18 min
Alec Torelli is one of the most respected poker players in the industry. Lees meer
With over $2,200,000 in tournament winnings and millions more in both live and online cash games.
Alec also runs a syndicate WHealthier with the brightest entrepreneurs in the health and wellness space.
On this episode, PrivatEquityGuy & Alec discuss:
- The insights into his decision-making process when it comes to investments and business opportunities- Asymmetric investments when investing in companies
- What does a winning mindset mean to Alec? And more importantly what does he do to achieve it
- What type of investments they've made over the past 2 years (12 to 15 total investments)
- How were he able to build such a remarkable list of co-investors
- The exact framework he has used to rebuild himself after major setbacks in poker and entrepreneurship.
- How he prepares himself to be 'in the zone' at the poker table for 10 hours a day, seven days in a row.
- Playing high stakes poker in Macau
- Recent WSOP, Main Event, finishing in 11th place and cashing for $700,000 and what's next for Alec?
No hype. Nothing flashy. Just true stories from one of the sharpest poker minds in the world.
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Alec on Twitter: https://twitter.com/AlecTorelli
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How I Mastered LBOs (Leveraged Buyouts) and Built 8-Fig Holding Company | Sacha Jak Interview
22 oktober 2023 · 1 uur 2 min
Sacha Jak is the founder of a holding company with 8-figure revenue and 300 employees. Lees meer
He is an expert when it comes leverages buyouts. Sacha's most famous deal was the $2 acquisition of a $12m revenue PC company.
On this episode, PrivatEquityGuy & Sacha discuss:
- How to get a control in a company even if you own 1% of it
- How to actually buy a company using none of our own money going into the deal
- A step-by-step guide to getting the best prices from your suppliers
- Why staff and revenue are the first criteria he looks at before acquiring a business
- Why does Sacha still do cold calling when it comes to deal sourcing
- "If I could have a magic wand, what would you like Mr. Owner?" – why is this his favorite question to ask from a business owner
No hype. Nothing flashy. Just real stories from a serious dealmaker.
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Sacha on Twitter: https://twitter.com/Unique_Treble
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How I Built a Business Portfolio of $150M AUM | Sunny Desai Interview
12 oktober 2023 · 46 min
Sunny Desai is the founder and CEO of Desai Companies, a diversified integrated holding company with a diversified portfolio and over $150,000,000 AUM. Lees meer
On this episode, PrivatEquityGuy & Sunny discuss:
- details of Sunny's first deal that made a huge difference and how his net worth went up a lot!
- how Sunny went from knowing nothing about M&A to being a master at M&A with 3-4 deals a year
- how to be really creative with capital.
- how to skip 20 years of learning
- Sunny shares his most challenging 3-year period building a business (he shares exact methods on what got him through it)- his executive coach advised him to "Plan your whole life and work backwards into daily actions." What does it really mean (Step-by-Step Plan)?!
- Sunny strategy as a long-term owner- how journaling improved the way Sunny runs his business
- what Sunny's mother tells him every month
- Why and how Indian-Origin CEOs rule the world?
- Sunny's “best book” recommendation
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Sunny on Twitter: https://twitter.com/sunnysdesai
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How I Built a Portfolio of 4 Wine Distribution Companies | Ranjit Chahal Interview
1 oktober 2023 · 51 min
Ranjit Chahal is the founder of BEVIQUA, a wine and spirits distribution company with four B2C e-commerce sites across the alcohol and FMCG (fast moving consumer goods) space. Lees meer
On this episode, PrivatEquityGuy & Ranjit discuss:
- Amazon started with books, they started with wine
- Running 4 ecom channels at once; the benefits of that
- Being an outsider can be your greatest strength. Embrace it.
- Age is just a number (and how Ranjit started a successful Holdco at 40)
- Cheapest is not best, especially when it comes to carrier.
- How not to punish yourself when you make a mistake
- How fragmentation brings opportunity.
- Benefits of being entirely bootstrapped
No hype. Nothing flashy. Just a real success story.
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Ranjit on Twitter: https://twitter.com/ranjchahal
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Mr. X - 22 lessons from an anonymous investor whose last investment was $30M in a company with $170M in revenue
24 september 2023 · 28 min
Mr. X is a solo PE investor who co-invests with four large ($3-6 billion AUM) family offices, as well as other wealthy individuals. Lees meer
His most recent deal size was a $30 million investment in a company that generates more than $170 million in revenue.
On this episode, I share 22 notes I made while spending two days with him in person:
- “Mikk, what are your strengths, what is the 0.00001% thing you are the very best at? Focus on that.”
- ”Raising money is f*cking hard. Closing a deal is f*cking hard. Anyone who says otherwise is either lying or selling you something.”
- “Absolutely the biggest lesson I wish I had learned 10 years ago - there are a lot of great deals out there. Patience is a virtue."
And much more.
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
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How I Bought 18 Companies and Built A Holding Company That Does $140M in Revenue | Michael Byars Interview
17 september 2023 · 48 min
Michael Byars is the founder of a holding company with the portfolio of 18 companies with total revenue of over $140,000,000 Lees meer
On this episode, PrivatEquityGuy & Michael discuss:
- how Michael increased his initial investment in the restaurant business by 8-10x
- the three things that Michael changed in these companies that ultimately made a difference
- how the first mentor changed his life and what he taught to Michael (he wouldn't have achieved so much without him)
- what size and type of companies Michel acquires
- typical due diligence process by Michael and his team
- what exactly needs to be changed to improve the company's operations
- how Michael took a business from $120,000 to $4.5 million in one year
- how to buy a business with no money down
- how has entrepreneurship changed Michael's life
- why is doing due diligence the best investment advice he can give
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Michael on Twitter: https://twitter.com/AcquisitionCEO
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How to Buy Internet Companies and Take it to IPO in 9 Years | Dom Wells Interview
9 september 2023 · 59 min
Dom Wells is the founder and CEO of Onfolio.co - a public holding company of internet businesses. Lees meer
In this episode of HoldCo Builders, Dom shares the journey of how just ten years ago he was working as an English teacher in Taiwan earning $1,000 a month.
In 2013, Tom made his first $1,000 a month online, and in August 2022, they did an IPO.
On this episode, PrivatEquityGuy & Dom discuss:
- what Dom learned the hard way in his 10 year journey
- the way of thinking, and why YOU are often the biggest obstacle to achieving your goals/dreams
- the story and lessons of what Dom learned from going public
- the concept of Onfolio “Flywheel”, (cash-flow flywheel)
- what did Dom learn from this process of talking with investment bankers
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Dom on Twitter: https://twitter.com/DomWellsOnfolio
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How I Built a $10M HoldCo of 6 Internet Businesses (100% Bootstrapped) | Greg Isenberg Interview
1 september 2023 · 42 min
Greg Isenberg is the co-founder of Late Checkout - holding company of six internet businesses with combined revenue of over $10,000,000 Lees meer
He's spent the last 15 years building venture-backed businesses, at WeWork, WallStreetSurvivor, and Islands, as well as advising Reddit and TikTok.
On this episode, PrivatEquityGuy & Greg discuss:
- how to build an audience and then get 10 people to buy a $1m dollar product from you?
- how to hire the absolute best talent without spending a single dollar- multipreneurship journey - portfolio of internet based businesses (all bootstrapped)
- why founders should do retreats ("I don't think I would be here today if it wasn't for what I learned from those events")
- how to run 6 businesses at the same time: (*hint "Being focused and having a lot of fun.")
- how to build a community (“Building a community builds trust and defensibility against competitors.”)
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Greg on Twitter: https://twitter.com/gregisenberg
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How to Get Insanely Lucky When Raising Capital | Daniel Pi Interview
26 augustus 2023 · 1 uur 1 min
Daniel Pi is the founder of Coterie Capital.Coterie Capital is a principal investments and corporate advisory firm based in Sydney. Lees meer
On this episode, PrivatEquityGuy & Daniel discuss:
- How to get lucky when raising capital.
- What does it mean tha "Ideas are global. Capital is global."
- Have you actually talked to every single investor?
- How to get creative when raising capital
- B2B and B2C vs. human-to-human
- the importance of in-person events in the fundraising process
- how to establish a connection with an Asian investor
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Daniel on Twitter: https://twitter.com/CoterieDan
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How To Buy ATM Machines and Build a $10M EBITDA Business | Mitchell Sorkin Interview
18 augustus 2023 · 47 min
Mitchell Sorkin is the co-founder of ATM holdco. Lees meer
Short two years ago he left a VC backed "sexy startup" to build a basic, boring business.
In year 1 they went from 3 ATMs to 100+, and did over $200k in revenue.
In 2023 they will grow 3x and do north of $700k, 100s of thousands of transactions, millions in 20s dispensed.
On this episode, PrivatEquityGuy & Mitchell discuss:
- how to achieve 30-50% cash on cash returns with ATM business
- ATM business opportunity compared to real estate
- Where to find the best ATM deals?
- how investors have been overexposed to tech and are now interested in ATMs
- why would he raise $50 million in debt today
- why banks do not want to do business with ATM operators
- the ATM industry in 2040
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Mitchell on Twitter: https://twitter.com/mitchell_sorkin
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How I Built a Luxury Property Holding Company That Pays $31,000 a Night | Michael Chen Interview
7 augustus 2023 · 55 min
Michael Chen is Co-CEO, and the Founder of HakuLife and the developer of award-winning properties, Hakuchōzan and HakuVillas. Lees meer
Has over 20 years of professional history dedicated to “elevating the customer experience.”
With senior executive experience with some of the world’s most elite brands including Crown Resorts, Caesars Entertainment, and McKinsey & Company, Michael brings a deep passion for bringing world-class standards to the Lifestyle Real Estate category.
On this episode, PrivatEquityGuy & Michael discuss:
- lessons from founding a VC backed enterprise software company in the late 90s, raising $30 million
- lessons learned when working in the casino industry for 15 years.
- a short journey of building a $1 billion VIP business (UHNW high-rollers)
- building a lifestyle real estate platform that during the peak season emplyees 200 people.
- how they are able to charge $31,000 per night
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Michael on Twitter: https://twitter.com/michael_h_chen
Read more about Michael and H2 Group: https://www.h2group.com/
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How I Acquire HVAC Companies to Build a $45 Million Portfolio | Amir Haboosheh Interview
25 juli 2023 · 56 min
Amir Haboosheh cofounded Snowball Industries in 2020. Lees meer
In 2023, they generate more than $45 million in revenue.
Prior to Snowball he was director of M&A at Kingmakers/Acquira in charge of helping identify, acquire, finance and scale businesses in the home service sector. Amir leads Snowball where he has structured a high-performing team culture based on empowerment and accountability.
On this episode, PrivatEquityGuy & Amir discuss:
- fascinating story of how Amir found his co-founders & how with one meeting from 10AM to 8PM they we are all on the same page: "Let's do it!"
- why HVAC and plumbing?
- how they motivate people to do great work - how to make sure people get the right amount of shares - not too much and not too little
- how they grew one portfolio company (that DIDN'T even have a website) from $10 million to $21 million in revenue and 40k montly visits in three years.
- how SEO plays a big role in their success (so much so that they even bought an online marketing company)
- Amir revealed his plan for 2027 (listening this, well, there are levels to this game, seriously!)
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Amir on Twitter: https://twitter.com/habooshehRead more about Snowball Industries (I highly recommend signing up for their newsletter): https://snowballinc.com/
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How I Semi-Retired at 28 as a Family Office Investor | Akshay Ramachandran Interview
4 juli 2023 · 1 uur 6 min
Akshay Ramachandran is a semi-retired investor in his 20s. Akshay's most recent job was being sole analyst reporting directly to the portfolio manager. They analyzed over 60 industries and used a simple strategy: buy and hold great businesses run by great management teams. He has taken the last year off for some time traveling around the world. Lees meer
On this episode, PrivatEquityGuy & Akshay discuss:
Lessons Akshay learned as a professional investor at a 9 figure hedge fund
How to put together a great investor deck for your Holding Company (and why 99% of decks suck; mine included)
Why Ashtead Group and United Rental have the greatest investor decks
Why reading and thinking is the smartest thing you can do as an investor
Reasearch process: Trusting management teams vs not trusting management teams
"If I don't hit these numbers, I'm willing to go to jail" - what happened next was surprising
Follow PrivatEquityGuy on Twitter: www.Twitter.com/PrivatEquityGuy
Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: https://privatequityguy.beehiiv.com/subscribe
Subscribe to the PrivatEquityGuy on YouTube: https://www.youtube.com/channel/UCmtJ2mhDPm_5MIkwHnKVisg
Links:
Akshay on Twitter
Akshay's online course: The Investor Operating System