Podcasts Technology POD OF JAKE #144 - BRENT BESHORE

#144 - BRENT BESHORE

Published: Sept. 13, 2023, 9:01 a.m.

Brent is the founder and CEO of Permanent Equity, a long-term focused private equity firm investing (with no intention of selling) in small to midsize, privately held companies throughout North America. He is also the author of The Messy Marketplace: Selling Your Business in a World of Imperfect Buyers and previously operated several businesses as an entrepreneur. Follow Brent on X @BrentBeshore.

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[0:16] - How studying poverty in college helped Brent develop a unique investing outlook

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[3:07] - Brent\u2019s takeaways from growing up in Missouri\u2019s farmlands under the guidance of his grandmother

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[6:57] - Gaining wisdom from unplanned career experiences and optimizing for optionality

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[12:47] - Permanent Equity\u2019s long-term private equity model

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[15:57] - Why Brent has avoided using debt to finance Permanent Equity\u2019s investments

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[19:34] - How Permanent Equity has changed since accepting its first outside capital

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[22:19] - Breaking down Permanent Equity\u2019s operating model

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[25:11] - How Brent determines whether to reinvest cash flows or make distributions

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[28:28] - Considering adjacent investments for existing portfolio companies vs. newer, riskier opportunities

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[33:14] - Discovering and investing in overlooked industries and businesses

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[40:40] - The benefits of sourcing deals using a team-based approach

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[45:45] - How Permanent Equity divides work with distinct operating and investing teams

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[49:46] - Why Brent prefers buying businesses over starting them from scratch

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For more episodes, go to\xa0\u2060podofjake.com\u2060.

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Previous guests include\xa0\u2060Mark Cuban\u2060,\xa0\u2060Vitalik Buterin\u2060,\xa0\u2060Brian Armstrong\u2060,\xa0\u2060Balaji Srinivasan\u2060,\xa0\u2060Keith\u2060\xa0\u2060Rabois\u2060,\xa0\u2060Ali Spagnola\u2060,\xa0\u2060Anthony Pompliano\u2060,\xa0\u2060Raoul Pal\u2060,\xa0\u2060Julia Galef\u2060,\xa0\u2060Jack Butcher\u2060,\xa0\u2060Tim Draper\u2060, and over 100 others alike. Learn from founders and CEOs of companies like\xa0\u2060OpenAI\u2060,\xa0\u2060Coinbase\u2060,\xa0\u2060Solana\u2060,\xa0\u2060Polygon\u2060,\xa0\u2060AngelList\u2060\u2060,\xa0\u2060Oura\u2060\u2060, and\xa0\u2060Replit\u2060, and investors from\xa0\u2060Founders\u2060\xa0\u2060Fund\u2060,\xa0\u2060a16z\u2060,\xa0\u2060Union Square Ventures\u2060, and many more. I appreciate your support and hope you enjoy.

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Thanks to\xa0\u2060\u2060Chase Devens\u2060\u2060\xa0for the show notes and\xa0\u2060\u2060Yiction\u2060\u2060\xa0for the music.

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Lastly, I love hearing from fans of the pod. Feel free to email me any time at\xa0\u2060jake@blogofjake.com\u2060. Thank you!