Hi guys:
I'm new to this industry and would love your advice - I've always heard that some people just "get it" while other people don't when looking at an investment opportunity (I'm talking about understanding of the deal, rather than getting the deal through relationships etc). I've also heard that some funds "get it" when others don't.
What do you do every day that helps you to be better at "getting it" when looking at a deal?
Also, what do funds that don't "get it" do wrong / that's different than funds that "get it"? Beyond raw intellect, what can one do to improve oneself?
Thanks!
bb_monkey2018, way too quiet in here. What about these resources:
Hope that helps.
bump!
I think raw experience is very helpful. I can look at a deal and tell if it's worth pushing to the next steps or not fairly quickly now just based off previous experience. With some quick napkin math you can usually tell if something will pencil out correctly or not and use that to eliminate anything that would not be a good use of your time pursuing.
Our thesis involves growing the company substantially as well so having real ops experience doing so makes things much easier too. IE I can look @ digital marketing efforts for an eCommerce company and usually tell pretty quickly if there's a lot of low hanging fruit or not. If there isn't enough low hanging fruit then I don't really like to pursue a deal because it means our "moat" is smaller and we can't afford to fuck up and still make $.
In terms of getting better, not really sure what you can do beyond getting out there and executing. Maybe case studies would be helpful to look at? They don't really come close to real experience though.
super helpful like all of your comments m_1 , thank you!
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