Why wouldnβt this work? @Pete Winn π
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It would.
There's a lot of execution work though in building the fund, getting buy in (which will dilute control), then finding deals specifically in motivated sellers, then in capturing the upside which inevitably means reducing headcount (hard in Aus, probably getting harder).
If you check out a few recent good stuff pods, we've been revisiting this topic more and more.
I think step 1 would be to buy a business and do it yourself
Then could scale up
Any ep in particular that I should look at?
They're all solid gold Jake π
https://www.fountain.fm/show/5c1jIyQLUHKkpS1r0ssb
or
https://www.youtube.com/@OtherStuffAI
Except that one episode...
Jk
The one where we get you on? When are you coming on Good Stuff????
When do y'all record?
Traditionally City Beach on Wednesday mornings in the van, if youβre around?
Although I suspect weβll need to schedule this one over that new internet :)