AI Snips
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Private Ownership Beats Microcap Passive Investing
- Buying an entire private business at lower multiples with leverage can outperform small-cap public investing.
- Being entrepreneurial made operating a private company a better fit than passive public-market investing for them.
Finding The Deal Through Old-School Hustle
- Bradley and Logan found Widegilt Enterprises through a broker after cold outreach and scrappy canvassing.
- They closed the acquisition in early 2017 after teaming with a third partner who originally sourced the deal.
Prefer Listed Deals Over Cold Door Knocks
- Favor businesses listed for sale because the seller already contemplated exit and prepared data.
- Cold-knocking doors works but is slower and riskier than leveraging brokers and listing services.