Mike Brown
CEO, Teamshares. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
Mike Brown is the CEO of Teamshares. He previously owned and operated electrical contracting businesses before establishing a permanent holding company providing employee ownership.
2shows
2appearances
33statements
4resolved
2supported
0contradicted
50%fully supported
1said about them ↓ Everything Mike Brown said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Brown: Median Private Equity Funds Now Underperform the S&P 500
“The returns are really bad now. And so for that's, again, the capital's argument, the returns are terrible now, generally. The median fund. There's obviously ours, right? So it's almost, it seems like it's become venture-like where you've got a top decile that…”
Brown: PE HVAC roll-ups bought at 12x EBITDA are entering liquidation
“Literally people are buying HVAC companies for 12 times EBITDA. These are businesses that are like project based businesses, right? And now you're saying chapter seven liquidations of private equity backed HVAC things.”
Brown: There will never be enough buyers for retiring small-business owners
“And the Eureka moment was that look, this is a supply demand equation. They're just never going to be enough buyers for these businesses.”
Brown: 'For Sale By Owner' is a false proposition for small businesses
“The issue is, is that that kind of like for sale by owner Fizbo in the home market, it's a false value prop. There's a reason why people pay those fees. So that, that was sort of on the seller side. There's a reason why people say those fees, you kind of only,…”
Brown: Small Acquisitions Usually Need External Presidents for Financial Leadership
“In the smaller businesses sort of like up To a million or two. They're not generally someone who's ready to take on the financial responsibility for running the business. And that's why externally four out of five, three out of five businesses, you know, we ne…”
Brown: Teamshares tax return is longer than Berkshire Hathaway's
“Our tax returns longer than Berkshire Hathaway. Like, this is the third, there are like almost a hundred subsidiaries in this company, right?”
Brown: Teamshares plans to grow corporate EBITDA to $100M by 2027
“We put out a forecast, right, to go from nineteen million of corporate EBITDA. So there's, like, segment EBITDA, right, so it's just sort of roughly, you know, sixty million, but then after our parent overhead of 90 people that, you know, propelled the machine…”
Brown: Going public does not directly help most companies grow
“I think most companies that go public, it does not directly help The business grow, but if you take something like Kinder Morgan, direct benefit acquisitions, acquisition financing.”
Brown: Constant Private Equity Flipping Destabilizes Operating Companies
“And so you sell a business to PE with ten million of EBITDA and you sell it again at 25 and you sell it again at 75 and then a 102 hundred. So you can have business that are for sale three, four times. And that means the day you close the transaction, the comp…”
Brown: Teamshares commits to never selling its acquired small businesses
“We think the permanent ownership is good for team share shareholders. We think it's good for the businesses themselves to not be for sale. And these are the promises that we're making when we go and, you know, look an owner in the eyes that we're going to buy …”
Brown: Gaining traction in SMB is harder than enterprise
“Well, we have found that the traction
Selling into the small business channel is harder to accomplish than selling into the large corporate global enterprise channel.”
Brown: One in three Stanford searchers fails to close within two years
“That's why a Stanford search fund takes two years and one in three Stanford searchers doesn't close the transaction two years.”
Brown: Teamshares Owns 92 Businesses With About $60M Consolidated EBITDA
“90, 92 and about sixty million of consolidated EBITDA from the segments. From all the companies.”
Brown: $200K EBITDA acquisitions yield venture-style variance instead of predictable compounding
“You could build a quote venture style portfolio, I think around the 200 K kind of EBITDA company. That sort of size of profile. That's not what we're trying to do. We're trying to have real consistency, predictable financials.”
Brown: Over 80% of Teamshares president hires work out
“Now over 80, over 80% of our present hires work out, which we think for hiring leaders, we think that's a very strong track record.”
Brown: Not a single Teamshares company faces a revenue challenge today
“We don't think that there's a revenue challenge today for any business that team chair zones, like literally not one.”
Brown: Teamshares sources 75,000 business-for-sale leads annually
“And then on the transaction side up front, it's all the sourcing, you know, 75,000 leads per year of actually for sale businesses, the valuations, the LOIs, the legal documents, that there's a human process.”
Brown: Constellation Software got clobbered over AI perception threats
“Constellation software, maybe because it's Canadian, but it went public at a five hundred million dollar valuation. I think it at some point hit eighty billion in market cap. And it's been clobbered over the last six months because of the AI perception threat.”
Brown: Fission will triple its run rate by year-end
“Yeah, we've got a hundred percent January to January in our annuity, which is awesome, and we should see three X that by the time we end this year, so it's really starting to take off for us.”
Brown: Enterprise tech sales cycles average 15 months
“Enterprises probably easily in the tech space, 15 months on average from the time that you engage until you have a profitable generating client, right?”
Brown: Digital Asset Management Market Will Reach $22B Within 24 Months
“In our particular area, it's expected to be twenty-two billion. Within the next 12 to 24 months, growing at about 16% per year.”
Brown: Fewer Than 30% of SaaS Companies Are Profitable
“It's probably less than 30%. Of your SaaS companies out there are actually showing a profit.”
Brown: Teamshares focuses on acquisitions generating $500K to $5M in EBITDA
“We focus now on sort of, you know, half a million to five million of EBITDA businesses.”
The other half of the tape: Mike Brown's own voice is left out of every number here. 1 statement on the record names them. every mention, with the transcript →
Statements about Mike Brown, by other people (1)
One line per show, most statements first. The link opens Mike's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 MORE OR LESSLEDGER | CEO, Teamshares | 1 | 21 | 50% 2/4 | full record on More or Less → |
 TOP FOUNDERSLEDGER | 1 | 12 | — | full record on Top Founders → |