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StockDuck13

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Posts posted by StockDuck13

    What Are You Drinking?

    in General Discussion

    Posted

    Drinking some Great Notion hazy IPAs, they're here in Portland and make some of the best beer I've ever had.

     

    X2. 

     

    Great Notion has some fantastic Hazy IPAs.  The last few times I’ve been to Portland, I can’t hardly remember going through TSA at the airport, courtesy of great notion beer.

    They are absolutely fantastic. I have some Juice Jrs in my fridge, but the Over Ripe is my favorite. I'm a sucker for them. There's others in Portland that are really good but GN does the best work in town.

     

    What do you visit Portland for? Work? Family?

    Debt is coming (to tech) by Alex Danco

    in General Discussion

    Posted

    I've been a subscriber of his writing for a while, always interesting and in-depth writing. There's a lot of really good newsletters today, fascinating how much more writing has come out thanks to tools like Substack.

     

    Who else do you read? I'm a fan of Matt Clifford, Trevor McKendrick, Warren Ellis, The Profile, A Media Operator, Divinations, and a few Stratechery articles although I'm not a paid subscriber.

    Any private business owners/permanent capital investors on here?

    in General Discussion

    Posted

    I'm fascinated by this micro private equity/permanent capital space a la Brent Beshore, Chenmark Capital, Syrus Partners, etc. where there are investors building portfolios of private companies and would love to hear from any of these investors who might be on CoBF. I've been putting together a small project to learn about this space and I always love connecting with these investors and learning from them. Anyone open to chatting?

    Scott Forgey

    in General Discussion

    Posted

    Is there any chance for a transcript or closed captions - maybe via a third party service or reuploading with another podcast service?

    I have a podcast on micro private equity and I offer free transcripts of all my episodes. I will say it is work, luckily I've found a good transcription software where I upload the audio and it spits out a transcript, but I still have to reread it and correct/format/rewrite a bunch. A one hour episode takes 3-4 hours to transcribe, sometimes longer if I get distracted. Some podcasts sell their transcripts, but I figured if I'm offering the podcast for free, it doesn't make sense or seem fair to sell the written version of something I gave away for free.

     

    TLDR: Making transcripts is time consuming, but they can be helpful!  ;D

    Small Family Business in Canada (Trying to Buy It Out)

    in General Discussion

    Posted

    I actually run a podcast on this micro private equity space because I find it so interesting. A lot of these deals include seller financing so as to give the owner some incentive to show you the ropes for the first year. The rest comes from SBA type loans and investors.

    What's the name of the podcast? I'd take a listen.

     

    In the US I think the seller financing can stack on top of the SBA loan (maybe up to a certain percent?), I'm not sure if you can do a totally no equity deal. It definitely keeps the seller's interests aligned with the buyer.

    It's called Think Like an Owner and my site is thinklikeowners.com. I'm releasing the next episode tomorrow, it's an interview with that Searchfunder.com team and we go over search funds and their evolution, super interesting!

     

    I love learning about this space and put together this podcast to find people doing interesting things in micro private equity. Part of the goal is to build relationships and learn how to eventually do it myself in the future, and sharing those conversations along the way for free certainly helps.

     

    I hope you like it!

    Small Family Business in Canada (Trying to Buy It Out)

    in General Discussion

    Posted

    There are search funds that do this sort of thing, that's one aspect of entrepreneurship through acquisition (ETA) and there's a site called searchfunder.com which acts like an online community for the space.

     

    I actually run a podcast on this micro private equity space because I find it so interesting. A lot of these deals include seller financing so as to give the owner some incentive to show you the ropes for the first year. The rest comes from SBA type loans and investors.

    Podcast Guest Ideas

    in General Discussion

    Posted

    I'm curious on what you see as the value proposition for the guests coming onto your show. I recently published an episode for a new podcast and I'm writing an article about what the guest gets out of the interview. So far I've got:

     

    - time for reflection

    - scaled conversation (essentially an infinitely scalable coffee meeting)

    - if you have a similar conversation many times, why not have it once and have deeper conversation sooner?

    - self promotion

    - offer due diligence materials for others

     

    Would love to hear what else you have in mind.

    Questions for Micro PE Podcast Project

    in General Discussion

    Posted

    I just put together a website for my project and I've posted the first podcast episode with Trish Higgins from Chenmark Capital in Portland, ME. Constructive, I asked your question in the interview, thanks for the suggestion! Let me know what you all think of the episode, would love to hear your feedback.

     

    It's not on iTunes yet since they need to verify it, but I'm able to post it in the meantime.

     

    https://www.thinklikeowners.com/podcast/2018/12/2/trish-higgins-chenmark-capital

    Power BI and Dupont

    in General Discussion

    Posted

    I haven't used it for investing, but I have used Power BI at my summer job and the Director of Finance raved about it and used it extensively. I learned a little bit about it but he had clearly spent years learning how to use and leverage it. If you PM me I can give you his contact information.

    Large iPad for 10-Ks

    in General Discussion

    Posted

    For those who read on computer/ipad, is it harder to focus and easier to get distracted? I've printed out a few reports/letters and I find it's easier to focus and understand what I'm reading more than on a computer.

     

    Why do you currently print everything out? Do you find it easier to mark things up and eliminate distractions?

    Questions for Micro PE Podcast Project

    in General Discussion

    Posted

    I'm working on a podcast project that seeks out conversations with owners and investors, with a focus on micro private equity (think Chenmark Capital, Brent Beshore, search funds, and Shane Parrish's Syrus Partners) and I'm looking for advice on questions and the project in general.

     

    First, what questions regarding micro pe could I ask that would be thought provoking and could lead to really insightful answers? One question idea I have that fits this category is what did you learn about private business investing that surprised you when compared to public investing? Another one, that assumes they have acquired a business, is if your business was a public company, what would even the most well-read investor not know about your business?

     

    Second, I really like the final questions from Invest Like the Best ("What is the kindest thing anyone has ever done for you?") and Capital Allocators ("What information do you read that you get a lot out of that nobody else reads?") and I want to ask similar questions. What ideas do you have for this category of questions?

     

     

    One last comment, I'll be visiting NYC next week and I'd love to meet anyone on here who could provide advice/wisdom in micro pe, podcasting, or general investing. Looking forward to visiting NYC for the first time!

    How did you learn Valuation?

    in General Discussion

    Posted

    Go buy a financial or intermediate accounting textbook (financial is the intro class, intermediate is the advanced) and read through those. Or find a local community college and take an online accounting class. Those accounting textbooks and corresponding class take you line by line through the financial statements. Granted, by reading 10-Ks, annual letters, and even Buffett's letters over a long period of time you can pick up a lot too.

     

    I've got an intermediate final exam tomorrow and I'm so glad I took accounting, I don't think there's a business major that is as in-depth and valuable as accounting.

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