Rollups

“Well, if you think about what blows up roll-ups over time, at least in our experience, it's two things. It's leverage and lack of integration.”

“Alex touched on it earlier, we're only doing roll-ups in categories and asset classes and businesses that have been consolidated before. The benefit to that is there is off the shelf Tech solutions that have been created to manage these businesses in a multi-u…”

“The common trope is rollups never work. And it's true. Like the base rate on rollups is not good. It doesn't mean all rollups don't work. What are the factors and common hallmarks of rollups that are successful? And are those conditions precedent here?”

“What I do know is that the hottest trend right now in business is like roll ups or search funds and every guy who graduates from HBS is like, I'm going to go roll up laundromats or I'm going to go roll up dentists dentists. It's like everyone has an idea for t…”

“I think we're going to see a lot of attempted, like, roll-ups of similar companies that kind of, like, aren't strong enough to themselves be an acquisition target or an IPO candidate. I think we'll see a lot of that in our next topic, so this might seg to, lik…”

“There's at a minimum two explicit costs and secondary and tertiary costs as well, but the two explicit costs are you are increasing the total amount of computation to be done because you're having to verify signatures on at least two chains or two places as op…”