#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