Tag Archives: Greybull Stewardship
Lessons From Hyatt Family Decisions on Selling Businesses
For many business owners, selling a business is both about the money and about finding the right home for their life’s work. This was very true for the Hyatt family as they worked to sell family businesses over the last decade after the patriarch’s death.… Continue reading
Two Investments To be Announced as Soon as I Stop Slacking Off in Wyoming
We closed two more acquisitions on August 8 (will announce them soon) after having made two growth business investments earlier in the summer (Murphy business brokerage and one other unannounced). When I began the Greybull investment fund, I expected to do 1-2 investments per year.… Continue reading
My Co-Owners Are Best Part of Investing
The best part of Greybull Stewardship for me is working with the people at the portfolio companies once the investment is done. The initial discovery process is fun — meeting the management for the first time, understanding what has made the company successful, and exploring… Continue reading
We’re In Seed-Stage Boom, Not a Series A Crunch
Two related trends in venture capital investing have been getting attention for the last few years. The first is the growth in angel investing, particularly after the crowd-funding provisions of the JOBS Act. The second is the “Series A crunch” where many companies that receive… Continue reading
Evergreen venture fund structure offers new strategy
Heartening to read a blog at Axial about the Evergreen Venture Fund Structure that we use at my Greybull Stewardship: http://www.axial.net/blog/evergreen-fund-structure/ Thanks to Billy Fink and his M&A blog, I’m excited to have the conversation about how the traditional fund protocols are changing with new… Continue reading
New $20 Million Investment Fund Looking for Profitable, Fast-growing Businesses
Greybull Stewardship, L.P., an investment fund, completed in January 2014 its $20 million round two capital commitments. Since the fund’s January 2010 inception, annual returns have realized 23 percent after fees. As a result, existing Limited Partners (LPs) increased their commitments and new LPs were… Continue reading
Align Your “Loss Ratio” Expectations with Your Investors
In early stage venture capital, the best investors expect that 40% of their investments will become worthless. Thus, they focus on companies that could be worth billions because the winners have to make up for all their losses. They want every company to shoot for… Continue reading
Great Business Partners Give You Keys to Success
Business grows through partnerships — sometimes just for a brief transaction and sometimes for life. Despite the false cliche that “nice guys finish last,” my experience has been that being able to forge good partnerships forges keys to long-term success. This is because very little… Continue reading