private equity

“There's all kinds of academic studies that the returns are that are very comparable to the private equity venture in many cases, even better.”

“I get called all the time. I mean, we get private equity emails, I think on a daily basis.”

“They went from nothing to 70, seventy million in ARR pretty quickly, and then exited to a private equity firm.”

“And while most people think these guys invest with the primary goal is to show a big win, the primary goal is not to look stupid.”

“If the venture capital or PE is involved, then they're going to want to protect their interests and get paid. And there's almost always going to be a pretty big lawyer and CP, CPA bill attached to it.”

“You've got a business that's doing, say, you know, three to ten million. Private equity aren't interested in them, in that they're too small. Venture, venture capital aren't interested in them, in that, you know, if they're 10 years old, if they haven't hockey…”

“The problem with some private equity I feel like they're really gutting the value that the newspapers have in the in their local markets by eliminating a lot of the local talent.”

“Because you meet all these guys and they're like, oh, it's just like a marriage. We're going to be partners. You know, we like to let entrepreneurs run their businesses. And like half of them are telling the truth and half of them are not. The half that are no…”

“We had a very supportive angel network of oil and gas folks here in Calgary. And so we really Wanted to wait until the capital was something of a commodity and we could choose the right fit in terms of the private equity firm around culture and strategic value…”

“Fundamentally, what I realized pretty quickly is that things have changed very much the last 10 years, like certainly even potentially the last five years, in that, so back in, you know, nine, 2010, if you had a, say, a 1,000,002 million ARR B to B SaaS compan…”

“If you're growing zero to 20%, then like what is an easy multiple to get, I think is about three X. And then and from 20 up to about 50%, you can probably get four X, maybe five. From 50 to about a hundred percent growth. This is annual growth. You can get any…”

“I think where people get in trouble is when they want to create liquidity too frequently in private equity, you can't do it every year or every other year. Maybe it's every three years, or if they think they can wait five to 10 years, then you lose good people…”

“We haven't had like a crisp, you know, like here's the offer on the table, but like the private equity people show up nonstop, you know? And I just always like saying no thanks before it gets to”

“My attitude is keep this thing as small as possible. I actually want to like sell it to a private equity or something that will actually scale the team.”

“I can tell you, but I can tell you we have, A whole variety of customers across government, insurance, private equity, right? Like, and you know, we have a whole slew of customers and those guys are paying us millions of dollars a year and deploying us on, on …”

“The point is, with private equity, even when there's a lot of enthusiasm from the other side of the table, it's a slog of many months, a lot, a slog of stress.”

“But this is also the private equity game is this kind of EBITDA arbitrage because if they can buy companies at 13 X, they put them all together into a bigger company and then they can sell them for 20 X.”

“Once the, once a private equity firm buys a company, it's, it dies.”

“And that was the difference I think, by the way, between a PE and a VC approach in these last several years, PEs are much more disciplined. And I think that, That serves things well now in a slowdown.”

“If you're gonna meet with VCs, you're, you are pitching. Whether you think you're pitching or not, you're pitching. VCs, private equity, whatnot. There's no, like, coffee chats. Like, they're making an evaluation of you down the road or now as to whether they'…”

“I can guarantee you that was the last thing. They would rather burn in hell hanging by their, you know, by their ankles than they would come back and say, I screwed up.”

“If you're looking to sell, if you're like me, you're a solo founder, you've got an idea for an app where you want to build an app, build something in an industry where the equity companies are looking to buy software, right? Because these companies can come in…”

“That is something where people like really struggle with the PEs. They're going to like bury the news in the headline, or they're not going to take accountability. They're going to blame somebody else. And the box starts with you.”

“And the point is the private equity playbook, which is going to be to do cost cutting, to maximize the profit, or to, is something we can apply ourselves. I mean, why would I sell the company to someone who can do and then reap the benefits of our own work?”

“We did double track between VC and NP, and P was much more adapted for the next phase of the dummy, doing more and more M&A, consolidation,”