private equity

“What if you just like blew the top off this thing in ambition? And then the other one is the PE, the ruthless operator way. What would they do? I think both are valuable questions for your business.”

“Partially acquired by PE in the hundreds of millions of dollars evaluation.”

“Small EBITDA businesses, like let's say you're doing a million or two million, they'll sell for seven X. But if you had Twenty million of EBITDA in a business, it'll get acquired by a larger institution. It's an easier buy button to buy twenty million a year o…”

“And what I found is that the industries were absolutely irrelevant. What matters is that you find a business that is established and has been consistently profitable for a number of years. Everything else, garbage.”

“Private equity is an industry where they don't do free internships. You're more of a liability waste of their time than the free internship. So you're not gonna get a free internship at a private equity firm. You need to have actual skills. You need to have in…”

“In the last 35 years, every stock market in the world has produced a smaller return than private equity, average private equity at that same time.”

“No wonder the ultra high net worth people have 47% of their assets in private equity and private real estate.”

“What's the largest number of billionaires? And most people think it's tech and it's not. And then they think it's real estate and it's not, it's financial services, but it's not hedge funds and it's not VC funds, some VC funds, but not most, very small. It's p…”

“McKinsey has an over billion dollar business just for private equity firms. It's got 55% EBITDA margins.”

“These companies are really buying certainty and it's CYA, right? It's why a lot of consultants get hired in the world is, is there's a CYA component.”

“They're not price sensitive at all. They're urgent.”

“And there's businesses like Accordion, the cool example, Three hundred million revenue, a hundred million EBITDA. It's only a 12 year old company. They do the same exact business for office of the CFO.”

“I think what's going to happen is again, it's uncharted territory. You don't know exactly how it's going to play out, but I think the short version is the college will spin out the program. Their athletics program is its own business entity. They'll sell equit…”

“Building things is a lot more durable than ripping things apart. Cause you can make like one and a half times your money, or maybe, maybe even two times your money ripping stuff If you're lucky, if you time the exit just right. But if you actually build someth…”