And most of them are in Texas for some reason...
-
-
-
super interesting! any names?
-
One in TX is Vista Equity. They recently made $3 billion in only 2 years by cleaning up
@marketo. Not sure of others off the top of my head but would also be interested to learn. -
Vista is a classic PE fund that does tech deals. These holding cos are a different animal. Not looking to clean up and flip but own and operate at scale. The largest in TX is ESW owned by Joe Liemandthttps://www.forbes.com/profile/joseph-liemandt/#449dfe332ff9 …
-
Ah I see, interesting. Thanks for sharing Bryce – will check this out!
End of conversation
New conversation -
-
-
Yes but when Vista started doing it, the model wasn't proven and nobody knew if they'd be able to raise debt against a capital light balance sheet. Huge bet by Robert Smith but man has it paid off.https://www.google.com/amp/s/www.wsj.com/amp/articles/billionaires-secret-buyout-formula-110-instructions-and-an-intelligence-test-1531151197 …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
“Software tastes like chicken.” Vista Equity founder Robert Smith from:https://www.wsj.com/articles/billionaires-secret-buyout-formula-110-instructions-and-an-intelligence-test-1531151197 …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Where can I read more about this
-
Constellation's annual shareholder letters. Pretty sure they trade on TSX.
End of conversation
New conversation -
-
-
Does “doing nothing more” include pre-buying public stock via a hedge fund, to take profits after Vista buys said company at 60 or 70% premium, using debt? Or maybe that’s just part of “best practices”.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Publicly traded companies too! Constellation Software and Roper Technologies. FCF animals!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
These guys —>
@RFS_VistaThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Example?
- End of conversation
New conversation -
-
-
Basically Vista's model - exceptional returns
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Funny, they are cold reaching out a LOT now. Nearly as much as recruiters, outsourced dev. Probably a firm a week. Drip campaigns, multi channel, very persistent
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Any names you can point out here?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What’s doubly interesting is that when giant sw companies try this (ex. IBM & Oracle) it fails miserably.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Vista? No
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.