Category: Business Financing & Funding
Announcing Increased Investment in Appointment Plus — leading appointment scheduling software
Greybull Stewardship, my investment fund, is excited to announce that we have invested more capital into Appointment Plus, the leading business automation software specializing in appointment scheduling. By doing so, Greybull Stewardship has increased its ownership percentage in a growing company that plays an important… Continue reading
Joys of Ice Cream, Apple Pie, and Recurring Revenue
Charlie Munger, Vice Chairman of Berkshire Hathaway, once told a friend of mine that if Charlie were a young man, he would be “trying to find online recurring revenue businesses” — like many that are being built and growing today. The combination of recurring revenue… Continue reading
New Twist on Venture Capital with Better Risk-Adjusted Investment Returns
A higher return investment can have a broad distribution of potential outcomes, as conveyed by this graph from Howard Marks of Oaktree Capital Management (the graph is from his book The Most Important Things Illuminated). This graph is a more helpful way to understand risk… Continue reading
Built to Last or Built to Flip?
Is your business built to last or built to flip? No question influences your business strategy more than this one. There is no right answer — either strategy is fine. However, making sure that you have alignment throughout your organization on this question is very… Continue reading
Real Estate Institute Acquired by Greybull Stewardship
Greybull Stewardship, my long-term oriented partnership of business owners investing in exceptional small businesses, announces the acquisition of Real Estate Institute and its sister company, Bookmark Education. Both companies are headquartered in Niles, IL, which neighbors Chicago. Since 1992, Real Estate Institute has been a… Continue reading
Unique Businesses Are A Force For Good
The best businesses are not just about making money. It is necessary to make money to stay in business, but it is not sufficient for the business to be worth your time. That is why the strongest businesses, in my opinion, are the ones that… Continue reading
Investment Strategy & Structure Is the #1 Thing Founders and CEO’s Should Watch In Raising Capital
To be better, one must first be different. Thus, good strategy focuses on understanding differences and creating differences. This also applies to investment firms — differences in structure often drives the strategy. Any entrepreneur or business owner considering raising capital needs to understand the structure… Continue reading