Read on Twitter
Investing in Stocks = Investing in Businesses = Investing in People (Founders/Mgmt & Employees)
The best piece I've read on "Why investing in Founder led Co's is awesome".
cc: @DavidGFool @TMFJMo @saxena_puru @richard_chu97 @FromValue @Gautam__Baid https://anchorcapital.com/founder-led-companies/
The best piece I've read on "Why investing in Founder led Co's is awesome".
cc: @DavidGFool @TMFJMo @saxena_puru @richard_chu97 @FromValue @Gautam__Baid https://anchorcapital.com/founder-led-companies/
Let's start with a quiz.
I've picked 10 Founder CEOs from some wonderful Co.'s in my Portfolio. How many of them can you identify (w/o Googling
). Mix of easy/hard ones to keep it interesting.
Intentionally left out Bezos, Zuck, Benioff, Dorsey, Lutke etc.
Answers at the end.
I've picked 10 Founder CEOs from some wonderful Co.'s in my Portfolio. How many of them can you identify (w/o Googling
). Mix of easy/hard ones to keep it interesting.Intentionally left out Bezos, Zuck, Benioff, Dorsey, Lutke etc.
Answers at the end.
My fav pts compiled from the above article. Part1 
Part 2
Summary
"It is important to:
1) look at the founder’s long-term track record;
2) look for a strong business model with clear long-term competitive advantages; and
3) carefully assess the price of the business, as price always matters."
"It is important to:
1) look at the founder’s long-term track record;
2) look for a strong business model with clear long-term competitive advantages; and
3) carefully assess the price of the business, as price always matters."
"A wonderful business, run by a founder CEO with a long track record of compounding the business value, at a great price, is the trifecta."
PDF link to the article.
https://anchorcapital.com/wp-content/uploads/2020/06/Founder-Led-Companies_Anchor-09-18.pdf
https://anchorcapital.com/wp-content/uploads/2020/06/Founder-Led-Companies_Anchor-09-18.pdf
Founder-CEOs like these (and the culture they build and the results they deliver) are the primary reasons why I feel confident to invest in their Co's for the very long-term while ignoring the daily stock price chatter and the interim volatility/drawdowns.
Innovators go to where the puck is going. I similarly invest for my capital to go where (Customer/Economic/Intrinsic) Value is being constantly created.
In many cases, good Founder-led Co's are a great vehicle for that if you do your research.
In many cases, good Founder-led Co's are a great vehicle for that if you do your research.
Marcos Galperin 
Jeff Green 
John Foley 
Forrest Li 
George Kutz 
Pony Ma 
Ben Silbermann 
Jeff Lawson 
Anthony Wood 
Peter Gassner 
