#314 - Sieva Kozinsky - Founder @ Enduring Ventures - Permanent Capital HoldCo That Owns 21 Businesses & Counting

Sieva is a founder and Managing Partner at Enduring Ventures. Enduring Ventures is a long-term holding company that buys beautiful businesses and holds them forever. Enduring owns a portfolio of 20+ companies across HVAC, B2B Maintenance, Plumbing, Swimming Pool Construction, and Software. Chris and Sieva discuss: Enduring’s structure and how they source opportunities Setting incentives for leaders in companies they acquire How an industry-agnostic HoldCo quickly assesses deals The story of acquiring Scribe via Twitter Links: Enduring Ventures - https://www.enduring.ventures/ Sieva on Twitter - https://twitter.com/SievaKozinsky We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Topics: (00:00:00) Intro (00:01:29) Founding Enduring Ventures (00:12:06) What is the structure of Enduring today? (00:20:58) How do you approach fundraising? (00:22:47) How are you incentivized in your business model? (00:28:26) Is there anything you won’t look at? (00:29:51) How are you able to quickly assess the quality of a deal if you’re industry agnostic? (00:33:09) What are the characteristics of a business that looked great years ago but today would be mediocre? (00:37:14) What do you bring to the table when buying a deal? (00:42:13) How do you source opportunities? (00:44:24) Do you care if the founder or current operator stays on post-close? (00:47:11) How do you incentivize someone to stay on in a long-term hold scenario? (00:48:58) seller-note on full standby (00:51:58)How many businesses do you own today? (00:53:04) How do the businesses you acquire get cash to you? (00:56:59) Finding the line between the what’s the responsibility of an owned business and Enduring (00:59:39) Acquiring Scribe Support our Sponsors Relay Human Cloud: https://bit.ly/3sjQcaY Fort Capital: https://bit.ly/FortCapital Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Chris on Social Media: Twitter: https://bit.ly/3BYIjcH LinkedIn: https://bit.ly/45gIkFd   Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  The FORT is produced by Johnny Podcasts

Om Podcasten

The Fort is an entrepreneurship podcast. Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship. The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him.  The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners. Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit. 🐦 Follow Chris on Twitter: www.twitter.com/FortWorthChris 💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 📹 Subscribe to The FORT on YouTube: https://www.youtube.com/@FORTpod