9 episodes
The Toolkit Justin Fortier
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- Business
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5.0 • 14 Ratings
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Sharing the tools (everything from ideas, skills, and products) admirable people have used to build their career and life.
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How to buy a company with Doug Lovette, Managing Director at Third Coast Capital Advisors - Advising companies and private equity firms on growth through acquisition
Buying a company is one of the most expensive purchases possible. Investment bankers facilitate the buying and selling of companies and related financing. This episode focuses on the process of advising companies and investment firms to help the buying go smoothly.
Doug Lovette is the founder and Managing Director of Third Coast Capital Advisors, a firm that helps private equity groups and companies develop a strategy to grow by buying other companies. Once the strategy is developed, Doug and his team find companies to buy, secure the interest of business owners and manage all sides throughout the process.
This episode is relevant to anyone looking to buy a company, sell their family business or manage a very important relationship.
Third Coast Capital Advisors: https://www.thirdcoastca.com/team
Find Justin on Twitter: https://twitter.com/justinpfortier
Jargon
Middle Market = companies between roughly $50M-1B in revenue
Sell-side = activities related to selling companies, shares in companies or debt
Buy-side = activities related to buying companies, shares in companies or debt
Private Equity - investment groups that own private companies (not trading on the stock market) and assets
M&A = mergers and acquisitions
Merger = joining two companies
Acquisition = buying a company
Related Videos
Wharton panel on growth through acquisition: https://youtu.be/p0Bx6UtherQ
Talk on managing client relationships by Goldman Sachs Partner Jim Donovan: https://youtu.be/z8kqCIxXTEw
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Music Royalty Investing - Josh Gruss, CEO of Round Hill Music ($450M+ fund)
This episode is all about who actually owns music and how they get paid. I sit down with one of the largest investors in music royalties to understand how it all works.
Josh Gruss is the Chairman, CEO and founder of Round Hill Music.
Prior to founding Round Hill Music, Josh Gruss was previously a partner at Gruss & Co., a private investment firm based in New York City. He also worked in investment banking at Bear Stearns & Co. Before his career in finance, Gruss worked at Sony Music, Atlantic Records, and Clear Channel’s Live Music Division. Gruss earned his B.A. from Trinity College in Hartford, Connecticut and an MBA from both Columbia University and London Business School. He served in the U.S. Coast Guard for six years.
Follow Justin: https://twitter.com/justinpfortier
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Do we need crypto regulation? Prof. Edward Stringham on Private Governance
Edward Peter Stringham is the Davis Professor of Economic Organizations and Innovation at Trinity College. He has extensively studied self-regulation and enforcement among private groups or individuals that fill a void that government enforcement cannot. In this episode, we explore the history of stock exchanges and the consequences of regulation through the lens of the burgeoning crypto ecosystem.
Read Ed's book: Private Governance: Creating Order in Economic and Social Life
Follow Justin on Twitter
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The PE firm that returned 25X on YETI - How to buy & operate businesses with Cortec's Dave Schnadig #6
Cortec Group Co-President Dave Schnadig joined to discuss what he's learned from running an operationally intensive Private Equity firm.
At Cortec he has nurtured the development of companies like Chauvet, Groundworks, and YETI where they turned a $67 million investment into $3.3 billion during Dave's 7-year term as Chairman.
They are now investing out of their 7th fund, which is $2.1B.
In this episode we talked about:
Identifying good companies to buy
Developing a firm
The two biggest areas where founders underinvest
Talk to me on Twitter: @justinpfortier
Check Out Cortec Group: cortecgroup.com
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CID - Making a career in music & starting a label #5
House music DJ & producer Carlos Cid (known as CID), joined me to talk about sustaining a career in music, starting his new label, and the steps required to be able to perform music in front of crowds around the world. CID is an incredible producer who has put out songs with Kaskade, Don Diablo, Loud Luxury and official remixes for Diplo, Lizzo an Ellie Goulding. He has over 100 million plays on Spotify and his songs are frequently featured on top playlists and radio shows. His music does very well commercially, but he also embraces a more underground sound for some of his touring, playing top house music clubs in addition to his circuit of larger festivals.
In the episode CID talks about:
Making his grammy nominated remix of "Audio"Balancing producing music and performing as a DJLaunching his label "Night Service Only"The importance of the right management teamBuilding your own fan base in the era of SpotifyLanding a weekly Sirius XM radio show and how he puts his episodes togetherRelationships drive success in music
CID’s beginnings on Will Joy’s Podcast:
https://soundcloud.com/backtobackpod/episode-67-cid
CID’s music:
Spotify
https://soundcloud.com/cidmusic
On Google & Youtube, avoid lots of results for an Indian Police Drama TV show by searching, CID Music or cidmusic.
For those interested in pursuing a creative, performance-driven career, this Toolkit episode builds on the advice in Ep. 3 Jared Freid.
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Richard Mejia - Scaling a professional services firm in a growing industry #4
Richard Mejia Jr. became a partner the the accounting firm EY in 1983. A new opening at the San Diego office in 1988 catalyzed his transition into working primarily in Life Sciences and Technology. From 2001 to 2008 he headed up the entire Pacific Southwest Life Sciences Practice. Under his leadership, the San Diego office grew from a single partner to a well-structured practice with ~$14 million a year in annual revenue. His extensive experience in securities, debt offerings and M&A transactions earned him board seats on several publicly traded technology companies and Sharp Health, a large hospital system in San Diego.
We discussed scaling an organization with good processes, nurturing a talent pipeline, networking, and other essential topics for building a world-class professional services firm.
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Customer Reviews
Learning Lots!
This podcast has improved with every episode. Justin asks interesting questions and has researched his guests and topics for each episode. It’s really great how he is using this platform to determine the “tools” and information that is out there from others that have gone before him to discover the next big thing and pave opportunities into business.
Informative podcast with fascinating guests!
I really enjoy the variety of perspectives and topics that this podcast covers, combined with the wealth of knowledge and experience each guests brings to easy-flowing conversation. Can't wait for more to come!
Enthusiasm for the topic
Justin’s interview with CID was informative and entertaining. CID was a great guest, due in part to Justin thoughtful preparation, knowledge and enthusiasm for the topic. Looking forward to more.