Insights

Our writing on deal sourcing and private equity strategy.

23 articles5 topicsSince January 2025

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Showing all 23 articles.

  1. Structural Risk in AI-Driven Origination: The Plausible List Problem

    AI-powered market mapping has reshaped buy-side origination, but the integrity of the target universe is increasingly in question.

    Origination8 min read

  2. The First Five Minutes

    Founders decide whether to engage on an origination call before the substance begins.

    Origination8 min read

  3. The 150,000 Company Problem

    Most private equity CRMs are built to store companies, not to decide which ones matter.

    Origination7 min read

  4. How to Know What Inning You’re In (And What to Do About It)

    Most private equity firms pursue sectors without assessing what inning they are entering.

    Origination7 min read

  5. The Hidden 40%: Why Private Equity’s Favorite Data Tools Miss the Best Companies

    Private equity origination runs on data, but the data itself has blind spots.

    Origination4 min read

  6. How to Judge and Engage a Buy-Side Origination Partner

    Most investors judge buy-side partners on list size or meeting counts.

    Origination3 min read

  7. What Drives HOA Management Exit Value

    HOA management consolidation is accelerating as institutional capital seeks predictable cash flows and operational leverage at scale.

    Property management2 min read

  8. The Community Manager Retention Challenge

    HOA companies lose their best community managers to career ceilings, not compensation.

    Property management2 min read

  9. Why We Built Grey Fox Around the Cold Call

    Grey Fox’s origination engine was built around creating sophistication across the entire sourcing function, with the cold call as a critical foundation.

    Origination2 min read

  10. The 50 Email Problem: Why Every PE Firm Now Sounds the Same

    Leading PE firms rushed to build direct sourcing capabilities.

    Origination5 min read

  11. Building Leadership Infrastructure That Creates Enterprise Value

    Key person dependency can trigger valuation discounts of 10-25% or more.

    Growth and leadership3 min read

  12. Why Service Complexity Destroys Enterprise Value

    Every additional service line introduces exponential complexity that erodes margins and destroys value.

    Growth and leadership4 min read

  13. Building Sales Infrastructure Before Hiring Sales Talent

    Most sales hires fail not because of talent, but timing.

    Growth and leadership4 min read

  14. Exit Preparation Timeline: Building Enterprise Value Before Going to Market

    The gap between running well and selling well costs founders millions.

    Exit planning5 min read

  15. How Institutional Buyers Quantify and Price Founder Dependency

    While founders focus on financial metrics, buyers obsess over a different question: what happens when you leave?

    Exit planning5 min read

  16. Operational Visibility: The Five Metrics That Separate Scalable Operations from Reactive Management

    The gap between tracking revenue and understanding field operations costs millions at exit.

    Operations5 min read

  17. The Buyability Gap: Why Strong Performance Doesn’t Equal Transferable Value

    Some founders get term sheets; others get polite rejections after diligence.

    Exit planning2 min read

  18. Operational Value Leaks: Seven Hidden Drags on Service Business Valuations

    Value doesn’t disappear in dramatic failures—it leaks through seven operational inefficiencies that compound invisibly.

    Operations2 min read

  19. Why Repeatability Commands Premium Valuations

    One business jumped from 18% to 25% EBITDA margins by cutting services from seven to two, then sold for 6.5x.

    Operations3 min read

  20. Exit planning3 min read

  21. Your P&L Looks Fine—But the Field Is Bleeding Margin

    Most service businesses track margin at the top level—but lose money at the job level.

    Operations2 min read

  22. Fire 20% of Your Revenue

    Not all revenue is worth keeping.

    Operations2 min read

  23. You Don’t Need to 10x—You Need to Grow the Right 20%

    Many service businesses chase top-line growth that erodes margin and traps the founder.

    Operations2 min read