Q So what, uh, what businesses do you guys buy? And like, how do you think, like, what's your framework for, for buying businesses?
A We're, we're really looking for, um, what we call boring cashflow businesses. Um, and I, I don't think, you know, they're not boring to everyone. They're really boring because nobody's writing about them in the news. They're not on the front page of tech crunch. You usually won't hear about them in the wall street journal. Um, we really want to buy the businesses that, uh, power America is how I think about it. You know, really the small mom and pop shops of blue, oftentimes blue collar industries that Um, you know, that generate good revenue, incredible cashflow have been going for 2030 years. Um, and now, you know, maybe they don't, their employees don't want to take over or they don't have a son or daughter that wants to take over the business. And Enduring Ventures is just a perfect buyer for that type of company. Um, examples might be, you know, we, we love plumbing service businesses, HVAC service companies. Um, we own a series of businesses that provide broadband to people's homes and offices. Um, so all of these companies that are largely recession resistant have been around for a really long time that we can buy at a very reasonable multiple, multiple of cashflow that is, uh, which is sometimes different than SAS, which we can talk about, but that's really our sweet spot. And it's follow that playbook and do that over and over again, over a long period of time. Xavier,…
AI assessment note: “We're, we're really looking for, um, what we call boring cashflow businesses.”