Tag Archives: Investment Strategy
Ideal business financing for growing, profitable companies in 100 posts or less?
“Teach what you want to learn” is the theme with which I started this blog in April 2012. Since then, I have written 100 posts — which means I’ve learned for myself and shared what I’ve learned under several themes: Business financing and venture capital… Continue reading
Venture Capital Myths — Not the Answer for Many Companies
Venture capital has been tremendously successful in the United States. In some ways, it has almost been too successful in that many entrepreneurs think traditional venture capital is the only path to success. That is not true. This article in the Harvard Business Review by… Continue reading
Best Way of Giving Thanks — Make It Personal
Giving thanks — and the power of making it personal — came across clearly in a recent article in Fortune magazine about Yum Brands. They don’t allow managers just to give plaques or gifts — everything must have a personal note on it, or along… Continue reading
Best Financing Source for a Business: Its Customers
Financing growth for your business with cash from customers, rather than more expensive debt or equity, makes your ownership even more powerful. In most of the investments made into operating companies by Greybull Stewardship, my investment fund, our operating companies get paid by customers before… Continue reading
Path of Equity Value Creation Not Easy to Plan or Pace (see Disney)
Equity value creation, in my experience, does not follow a smooth, straight path or a predictable timeline. It zigs and zags, stalls and spurts. Therefore, forcing a company into a certain path of possibilities or tight timetable is often counter-productive. I have found it to… Continue reading
Raising Capital: About Fit and Timing
I was in New York last week speaking with existing and prospective investors in my investment fund, Greybull Stewardship. The match-making activity between capital seeking returns and opportunities seeking capital is truly amazing in the United States. Nothing brings this home like New York City… Continue reading
Company Culture Like Fine Wine or Great Coffee
Company culture gets crafted over time by thousands of small decisions, and a few large ones. Yes, the big decisions about the vineyard or varietal takes spectacular time. But I was struck by how many small decisions like the shape of wood barrel, the wood… Continue reading
Competitive Advantage Leads to Persistently Good Performance — Like Top Tier VC Firms
It is good to be the incumbent. Usually. They have often built competitive advantages over time. Except maybe in the ever-changing world of technology, it is usually an advantage for a business to have been around a long time and to have established customers, suppliers,… Continue reading
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