Search funds have become a popular model for young entrepreneurs seeking to become equity-owning managers and run their own business. They have also become an interesting investment class for experienced private equity investors and other individual investors. It’s an appealing collaborative model: an ambitious and dynamic yet inexperienced entrepreneur partners with experienced hands-on investors to […]
Search Funds, the Asset Class Nobody Keeps Up With … so far
In April 1966 lifelong Warren Buffett friend Carol Loomis wrote an article in Fortune magazine titled: “The Jones Nobody Keeps Up With“. In the article she introduces Alfred Winslow Jones and Hedge Funds to Fortune readers. She explains that Jones’ 5 year historic IRR (internal rate return) of 33.56% is 7% higher than the best […]
Innovate or Bust: The Challenge for Young Companies
Innovations are countless and all around us. Just look at the evolution of the motor industry for instance. In less than twenty years we have gone from owning a car to different ways of just sharing the asset at our convenience. There is Zipcar, driveMyCar, relayrides, Go get, and many more. Look at health industry […]
A Mistake Engineers Make When They Innovate: The Prototype
Engineers tend to be entrepreneurial people
Bell Labs are back
For most of the 20th century the corporate lab dominated technological innovation. Then it lost its position to venture capital-funded startups. But now the idea of corporate labs being central to innovation is back. New technology giants such as Google and Facebook are creating new corporate labs, but this time the logic is different. In […]