Brent Beshore

Founder & CEO, Permanent Equity · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounderexecutiveauthor@BrentBeshore ↗LinkedIn ↗permanentequity.com ↗

He founded Permanent Equity, a firm that invests committed capital to acquire and hold small and mid-sized businesses indefinitely with minimal debt. He is the author of The Messy Marketplace and helped create events such as Capital Camp.

30statements → 3claims → 0claims resolved → 3.77/5average certainty → 2.23/5average debate potential → ≈4.5/5argument clarity, estimated → 29said about them ↓

3 not checkable as stated how the 3 claims stand · each chip opens the sources

3 assertions · 7 opinions · 8 insights · 12 disclosures · every statement was checked. The predictions and assertions are the 3 claims: statements the public record can support or contradict. 0 are resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Brent argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Brent Beshore on measured tape to publish a rate. This says nothing about how they speak.

What they said30 What others said29 Episodes1

Everything Brent Beshore said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure

Beshore: Adventur.es fund requires 75% LP vote to remove him

“And I think how we structured the fund, it's a true blind pool. There's no control. I mean, I think you know, the only control that the investors have is they have to 75% vote, I think. I think that's what it is. 75% level have to vote to remove me, and I'm 15…”

Brent Beshore Dec 10, 2018 ▶ 57:16 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)

Disclosure

Adventur.es closed its last two acquisitions without senior debt

“The last two deals we've done with no senior lender involved. We've done all equity with a combination of equity and seller debt.”

Brent Beshore Dec 10, 2018 ▶ 21:08 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)

Disclosure

Beshore: Adventur.es targets companies with $3M to $8M in free cash flow

“Our kind of target market these days is three to eight million in, in free cashflow is kind of where we are, which is right on the cusp, kind of a little bit below private equity and a little bit above search funds.”

Brent Beshore Dec 10, 2018 ▶ 24:24 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)

Disclosure

Beshore: Adventur.es conducts deep diligence on about 15% of inbound deals

“In terms of real work, I would say probably 15% of the businesses that come through, we take a really close look at.”

Brent Beshore Dec 10, 2018 ▶ 29:17 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)

Disclosure

Beshore: Personally invested 15% into Adventur.es permanent capital fund

“I'm a heavy investor. I'm a 15% investor in the fund. That's a lot of skin in the game.”

Brent Beshore Dec 10, 2018 ▶ 52:37 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)

Disclosure

Adventur.es Created Its Own Book Imprint Over Publisher Economics

“The idea that we do all the work and they do some editing and have control, and then we'd go out and sell the book and they would take 70 to 90% of the proceeds just didn't sit well with us. So we created our own imprint. The imprint is called boring books.”

Brent Beshore Dec 10, 2018 ▶ 1:04:37 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)

The other half of the tape: Brent Beshore's own voice is left out of every number here. Other people bring the name up 28 times in 8 episodes on Capital Allocators. 1 statement on the record names them. every mention, with the transcript →

Who brings them up most Ted Seides 24 Shane Parrish 2 Patrick O'Shaughnessy 1 Khe Hy 1

Statements about Brent Beshore, by other people (1)

Insight

O'Shaughnessy: 4x Free Cash Flow Signals Distress in Public Equities, Not Private

“And, you know, when he first told me that he was buying businesses at a little bit north of four times free cashflow, you know, I kind of laughed. I thought, okay, like, so they're going out of business in three years. I mean, in the public markets, that multi…”

Patrick O'Shaughnessy Jun 10, 2019 ▶ 1:00:51 Patrick O'Shaughnessy – O'Shaughnessy Asset Management (First Meeting, EP.01)