Tag Archives: Investment Strategy
Wonderful Competitive Advantage Through A Unique Distribution Channel
Sustainable competitive advantage — a goal which will be always sought and ever elusive in business. It is difficult to define. Yet, we often know it when we see it. People attempt to draw-up lists in an effort to understand and remember the types of… Continue reading
Berkshire Hathaway: If You Love the Management, Set Them Free
Private equity investors often take the “father knows best” approach to working with their management teams. To me, this is crazy — particularly when the management team has years of experience with the business, the investors are new to the business, and the track record… 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
Invest in Strength Rather Than Work on Weakness
For your business, do you believe it is more important to spend more time on your challenges or your opportunities? Similarly, do you believe that you should invest in your strengths or work on your weaknesses? The answer, of course, depends. If the challenge in… 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
Investment Returns Are Not Greener by Changing Industries
It is easier to earn outsized investment returns in some industries over others — I agree with that conventional wisdom. As an investor or entrepreneur, it often pays off to think hard about which industries to enter. If you have a choice, why not increase… Continue reading