Take Five #029: Are rollups the most predictable way to get wealthy? ($10m-$50m)
Codely v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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Take Five #029: Are rollups the most predictable way to get wealthy? ($10m-$50m)
1. Mental health + entrepreneurship: unpacking the personal struggles of a searcher
David LaMore does a great write up on actions he’s taken throughout his search to keep his mind healthy and active:
Here’s how I define my growth mindset in the context of search funds:
⦁ Striving for perfection is different from being perfect – Acknowledge your mistakes by forgiving yourself and focus only on the things that you can control
⦁ Embrace setbacks – They do not make you a failure but instead provide an opportunity for you to learn and grow
⦁ Make the traditionally dreadful tasks fun – Amp yourself up beforehand and then reward yourself for doing the dirty work
⦁ Develop a sense of intellectual curiosity and open-mindedness in everything you do – Try to understand why people think and act differently than you do and see how you can incorporate that into your own daily life
From “Entrepreneurial wellness” by David LaMore’s Maverick by White Cedar
2. “Why are rollups a reliable path to wealth?”
“If you are a good operator this is likely the most reliable way to get meaningfully wealthy. You’re not inventing new technology. You’re arbitraging multiples and operating companies better than other people do. That’s it.”
3. How the EtA landscape will change in the next 5 years
Summary:
- Searchers find the model that fits their needs
- More capital will be invested
- More searchers will fail to acquire a business
- Deal size will grow
- The emergence of Investor Advisors, not just Investors
4. A two week stint in acquisition entrepreneurship, for 10x money
5. How to work with the seller’s counsel:
“Your seller will always solicit feedback from their most trusted advisors, whether they are knowledgeable or not. This means you need to get ahead of the ball on potential issues with those advisors.”
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