56 min
#144 - BRENT BESHORE POD OF JAKE
-
- Technology
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.
[0:16] - How studying poverty in college helped Brent develop a unique investing outlook
[3:07] - Brent’s takeaways from growing up in Missouri’s farmlands under the guidance of his grandmother
[6:57] - Gaining wisdom from unplanned career experiences and optimizing for optionality
[12:47] - Permanent Equity’s long-term private equity model
[15:57] - Why Brent has avoided using debt to finance Permanent Equity’s investments
[19:34] - How Permanent Equity has changed since accepting its first outside capital
[22:19] - Breaking down Permanent Equity’s operating model
[25:11] - How Brent determines whether to reinvest cash flows or make distributions
[28:28] - Considering adjacent investments for existing portfolio companies vs. newer, riskier opportunities
[33:14] - Discovering and investing in overlooked industries and businesses
[40:40] - The benefits of sourcing deals using a team-based approach
[45:45] - How Permanent Equity divides work with distinct operating and investing teams
[49:46] - Why Brent prefers buying businesses over starting them from scratch
For more episodes, go to podofjake.com.
Previous guests include Mark Cuban, Vitalik Buterin, Brian Armstrong, Balaji Srinivasan, Keith Rabois, Ali Spagnola, Anthony Pompliano, Raoul Pal, Julia Galef, Jack Butcher, Tim Draper, and over 100 others alike. Learn from founders and CEOs of companies like OpenAI, Coinbase, Solana, Polygon, AngelList, Oura, and Replit, and investors from Founders Fund, a16z, Union Square Ventures, and many more. I appreciate your support and hope you enjoy.
Thanks to Chase Devens for the show notes and Yiction for the music.
Lastly, I love hearing from fans of the pod. Feel free to email me any time at jake@blogofjake.com. Thank you!
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.
[0:16] - How studying poverty in college helped Brent develop a unique investing outlook
[3:07] - Brent’s takeaways from growing up in Missouri’s farmlands under the guidance of his grandmother
[6:57] - Gaining wisdom from unplanned career experiences and optimizing for optionality
[12:47] - Permanent Equity’s long-term private equity model
[15:57] - Why Brent has avoided using debt to finance Permanent Equity’s investments
[19:34] - How Permanent Equity has changed since accepting its first outside capital
[22:19] - Breaking down Permanent Equity’s operating model
[25:11] - How Brent determines whether to reinvest cash flows or make distributions
[28:28] - Considering adjacent investments for existing portfolio companies vs. newer, riskier opportunities
[33:14] - Discovering and investing in overlooked industries and businesses
[40:40] - The benefits of sourcing deals using a team-based approach
[45:45] - How Permanent Equity divides work with distinct operating and investing teams
[49:46] - Why Brent prefers buying businesses over starting them from scratch
For more episodes, go to podofjake.com.
Previous guests include Mark Cuban, Vitalik Buterin, Brian Armstrong, Balaji Srinivasan, Keith Rabois, Ali Spagnola, Anthony Pompliano, Raoul Pal, Julia Galef, Jack Butcher, Tim Draper, and over 100 others alike. Learn from founders and CEOs of companies like OpenAI, Coinbase, Solana, Polygon, AngelList, Oura, and Replit, and investors from Founders Fund, a16z, Union Square Ventures, and many more. I appreciate your support and hope you enjoy.
Thanks to Chase Devens for the show notes and Yiction for the music.
Lastly, I love hearing from fans of the pod. Feel free to email me any time at jake@blogofjake.com. Thank you!
56 min