“We started with captain owners, then smaller, then mid-sized, now mid- to large-sized companies with proper capital structures.”
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Said on The Core Report
Marketing School - Digital Marketing and Online Marketing Tips · Tesla's Flying Roadster DESTROYED Porsche's Supercar Launch
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acquires struggling iconic tech companies (e.g., Evernote, Airtable, Vimeo, AOL, Meetup) and then lays off large parts of their teams to run smaller, faster-shipping units
“We started with captain owners, then smaller, then mid-sized, now mid- to large-sized companies with proper capital structures.”
“We like to buy, say, five companies a year, give or take, that are large… acquiring 100 companies but then not having the time to do anything really well.”
“All of the acquired companies retained their management teams and their names… each pursued a regional acquisition strategy in its own name… once the first couple of deals were done, the momentum for joining became irresistible.”
“A better approach is to chunk it up into smaller pieces where you can really get one part of the process or one part of the work working and then stack these things together.”
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