Why are you doing this?
There are a few reasons, but it all usually goes back to growing up in a family business. I have an unshakeable belief in the power of small business. I have seen, first hand, how my grandfather Verdo's decision to buy a small business has had such a lasting impact on multiple generations of our family. My daughters still benefit from that decision he made over 80 years ago. If that's not powerful, I don't know what is.
Are you buying multiple companies?
No. I am buying one, and only one company. I believe that I can create value by leading a company and empowering the team to do great work, not by dropping money into a portfolio of companies and realizing returns if just one of them does well.
How long will you intend to own the business for after you buy it?
As long as possible. You should never build a business with the sole purpose of selling it. The most powerful position to be in is to have a strong, fundamentally sound business. That may give you the option to sell it in the future, but does not require it.
How are you different from other investors?
Totally different because I'm not an investor. I am an operator. I build businesses, not portfolios. In fact, the idea of just investing in companies sounds exceedingly boring to me.
There are a few reasons, but it all usually goes back to growing up in a family business. I have an unshakeable belief in the power of small business. I have seen, first hand, how my grandfather Verdo's decision to buy a small business has had such a lasting impact on multiple generations of our family. My daughters still benefit from that decision he made over 80 years ago. If that's not powerful, I don't know what is.
Are you buying multiple companies?
No. I am buying one, and only one company. I believe that I can create value by leading a company and empowering the team to do great work, not by dropping money into a portfolio of companies and realizing returns if just one of them does well.
How long will you intend to own the business for after you buy it?
As long as possible. You should never build a business with the sole purpose of selling it. The most powerful position to be in is to have a strong, fundamentally sound business. That may give you the option to sell it in the future, but does not require it.
How are you different from other investors?
Totally different because I'm not an investor. I am an operator. I build businesses, not portfolios. In fact, the idea of just investing in companies sounds exceedingly boring to me.