BROADCASTS.com

b"My guest this week is Ryan Caldbeck, a private equity investor who wants to bring quantitative rigor to the private markets. Ryan is the CEO of Circle Up, which uses a system it calls Helio to identify attractive investments in early stage consumer brands.\\xa0\\n While I am of course a fan of quantitative investing, I also know from experience how much harder private markets are than public markets when it comes to the transactions themselves. We discuss this and many other potential roadblocks to bringing models to private markets.\\n Using many individual companies as examples, Ryan explains some of the major predictive factors they\\u2019ve uncovered in their research. We also discuss which parts of the private markets might be infiltrated by quant processes first, and which may never be.\\xa0\\n I expect many more to go on a journey similar to Ryan\\u2019s in the years to come. They serve as an interesting example for ambitious investors out there.\\n Please enjoy our conversation.\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 1:39 - (First Question) \\u2013 Formation of Helio\\n 6:57 \\u2013 How they handle the relationship building needed to make investments in private markets\\n 10:26 \\u2013 Why consumer and retail are interesting spaces to apply their quantitative approach in private markets\\n 12:54 \\u2013 Searching for new relevant data\\n 16:14 \\u2013 How do they stay ahead of the commoditization of uniqueness\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 16:21 \\u2013 Pattern Recognition and Machine Learning\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 17:24 \\u2013 Sam Hinkie Podcast Episode\\n 18:00 \\u2013 Dominant predictive factors in this world\\n 21:05 \\u2013 Which is more important, relative value or rate of change\\n 21:48 \\u2013 What does the data say about online sales vs offline (being in a store)\\n 23:30 \\u2013 Variable that consumer investors think matters but it doesn\\u2019t\\n 24:53 \\u2013 Valuing companies and accounting for mispricing\\u2019s\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 25:36 \\u2013 Michael Recce Podcast Episode\\n 26:41 \\u2013 Goes through the process using Liquid Ivy as an example\\n 28:46 \\u2013 Most interesting sub-categories\\n 29:33 \\u2013 Future for this model\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 32:10 \\u2013 Albert Wenger Podcast Episode\\n 35:19 \\u2013 Other categories outside consumer and retail interest Ryan\\n 36:28 \\u2013 Biggest challenges for CircleUp as a business\\n 38:46 \\u2013 Handicapping their earnings expectations\\n 41:36 \\u2013 Take on the VC/PE landscape\\n 43:03 \\u2013 The types of models that are most interesting to the team\\n 45:05 \\u2013 Quantitative elements of brand that are most interesting\\n 47:30 \\u2013 Most unique brand and distribution strategy he\\u2019s come across\\n 53:27 \\u2013 Who has influenced Ryan the most\\n 54:37 \\u2013 His personal values\\n 55:51 \\u2013 More people who had an influence on Ryan\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 56:05 \\u2013 The Innovator's Dilemma: The Revolutionary Book That Will Change the Way You Do Business\\n 57:07 \\u2013 Thoughts on goal setting at the company\\n 59:29 \\u2013 Unchangeable factors that shape their long-term vision\\n 1:02:01 \\u2013 Most interesting individual conversation as part of this journey\\n 1:04:02 \\u2013 If he could only keep one dataset, what would he keep\\n 1:05:09 \\u2013 kindest thing anyone has done for Ryan\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag"