Enduring Ventures

“We actually, we both live in California and we don't own any businesses in California yet. So they're all nationwide.”

“So enduring is a long-term holding company. What we do is we buy cash flowing businesses at reasonable prices and we pair them with great operators and we run them and we hold them as a portfolio forever. That's our plan.”

“We really like to buy at valuations that are three to five times cashflow. So if a business does a million dollars of cashflow per year, We really want, don't want to pay more than three to five million dollars to acquire it, and you really can't get that in m…”

“We do have QSPS designation for enduring ventures, which is a C corp and a holding company, and we are pretty strategic about making sure we set it up in the right way. Such that we could get that designation”

“We are now owners of 12 businesses two of them or three of them actually are tech companies. We also have a venture studio, so we've started a couple of businesses, but 90% of what we do is we buy businesses that are generating cash flow from retiring owners.”

“There's probably going to be more opportunities like up council and our other businesses. That's the VC fallen angels, the businesses that have raised a lot of capital, but maybe haven't grown into, haven't fully grown into the scale that they should be at. So…”

“I actually recommend, at the very least, thinking about your sale process three years before you plan to do it, and ideally even four or five years if you're not in a rush, right, because you can really optimize your business for the sale”

“We've actually redirected our focus in tech to just focus on businesses like UpCouncil that have good revenue that don't quite have the profits to support it and that we can turn around and create a cashflow engine from them because in those situations we can …”

“If you're a year out or you're two years out and you've had zero profit this whole time, which many businesses do or negative profit, consider showing profit or considering structuring your business so that you can make it very clear to the buyer that these tw…”

“He bought like a Harley Davidson rental company in Hawaii, like the only motorcycle rental company in Hawaii, right? So he has monopoly on all motorcycles, if you want to rent one in the entire, on the entire island, and it just prints money.”