If you liked this episode, subscribe to our weekly newsletter and receive new episodes, offers and learnings directly to your inbox every week:https://landing-newsletter.acquanon.com/)----Mills Snell (@thegeneralmills)) is joined by Mark Brooks (@markbrooks)), Managing Director at Permanent Equity), to talk about investor-operator relationships, integrations, pre-close involvement and post-close dynamics, cultural fits, empowering leadership teams, handling tough conversations, and much more.-----
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Show Notes:
(0:00) Intro(2:33) How do you interact with Portfolio companies?(3:48) How do you alternate between remote and on-site work?(5:00) What do you think of passive ownership of a business?(7:08) How do you prepare pre & post-close for a deal to be successful?(11:07) You talk about integrating yourself into the operational workflow; have you experienced pushback on that?(14:05) How do you recognize success in the first phase of integration? (16:33) What is your thought process of discovery when assessing a new business?(20:55) Morenow.co(22:46) How does the investor-operator relationship begin?(27:15) How do you structure KPIs & metrics?(30:39) When and how would you escalate into operating one of the portfolio companies?(32:58) What are the early signs of a leadership issue?(35:34) How do you handle tough conversations?(42:31) What do you think about industry expertise? Is it necessary to run a business?(45:40) How do you handle cultural fits, team chemistry, and leadership anomalies?(50:11) What is the influence of incentives on behavior?
Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.
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