Hard Pivot? Reflections After Buying 3 B2B SaaS Businesses | Colin Keeley Interview

Dream for 1,000s of software investors: Build a portfolio of profitable B2B SaaS companies

The northstar being Constellation Software (which trades at a P/E ratio of 104 and has a market cap of $90B)

Reality: It’s hard, extremely hard!

Despite this, there are few people who actually go and try to do that…

Take Colin Keeley, co-founder of Verne, where they buy and build mission-critical B2B SaaS businesses.

“You can have a holdco plan, but do one great deal and then earn the right to do more deals.”

I hope you enjoy this short conversation.

Show notes:

00:00:00 - Intro

00:00:11 - First acquisition and early days of Verne

00:02:47 - Choosing the right partner to build your SaaS portfolio

00:03:45 - Returns of first acquisitions

00:07:40 - Current portfolio of companies

00:11:46 - Characteristics of perfect acquisition for Verne

00:15:23 - The harsh reality of delegation

00:21:51 - Capital Camp and lessons from Brent Beshore and Patrick O'shaughnessy

Follow Mikk/PrivatEquityGuy on Twitter: ⁠⁠⁠⁠https://x.com/PrivatEquityGuy⁠⁠⁠⁠

Colin on Twitter: https://x.com/ColinKeeley

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.