Sieva is a founder and Managing Partner at Enduring Ventures. Enduring Ventures is a long-term holding company that buys beautiful businesses and holds them forever. Enduring owns a portfolio of 20+ companies across HVAC, B2B Maintenance, Plumbing, Swimming Pool Construction, and Software.
Chris and Sieva discuss:
- Enduring’s structure and how they source opportunities
- Setting incentives for leaders in companies they acquire
- How an industry-agnostic HoldCo quickly assesses deals
- The story of acquiring Scribe via Twitter
Links:
Enduring Ventures - https://www.enduring.ventures/
Sieva on Twitter - https://twitter.com/SievaKozinsky
Topics:
00:00:00 - Intro
00:00:28 - Founding Enduring Ventures
00:11:17 - What is the structure of Enduring today?
00:22:13 - How are you incentivized in your business model?
00:28:11 - Is there anything you won’t look at?
00:29:48 - How are you able to quickly assess the quality of a deal if you’re industry agnostic?
00:33:15 - What are the characteristics of a business that looked great years ago but today would be mediocre?
00:37:21 - What do you bring to the table when buying a deal?
00:42:32 - How do you source opportunities?
00:44:42 - Do you care if the founder or current operator stays on post-close?
00:47:25 - How do you incentivize someone to stay on in a long-term hold scenario?
00:49:29 - Seller-note on full standby
00:52:20 - How many businesses do you own today?
00:53:33 - How do the businesses you acquire get cash to you?
00:57:27 - Finding the line between the what’s the responsibility of an owned business and Enduring
00:59:44 - Acquiring Scribe
Support our Sponsors
Relay Human Cloud: https://bit.ly/3sjQcaY
Fort Capital: https://bit.ly/FortCapital
Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
Chris on Social Media:
Twitter: https://bit.ly/3BYIjcH
LinkedIn: https://bit.ly/45gIkFd
Watch The Fort on YouTube: https://bit.ly/3oynxNX
Visit our website: https://bit.ly/43SOvys
Leave a review on Apple: https://bit.ly/45crFD0
Leave a review on Spotify: https://bit.ly/3Krl9jO