Sam Zell on Assessing Deals
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Sam Zell on Assessing Deals
Atlasview Insights -- bite-sized weekly insights that are relevant to all business owners, dealmakers, and investors.
Happy Wednesday folks!
Thanks for joining us for another edition of Atlasview Insights. We’re back with another week of sharing bite-sized insights that are relevant to small business owners, dealmakers, and investors.
If you are not familiar with Atlasview Equity, we are a private equity firm specializing in software and tech-enabled businesses. You can learn more about our team and investment criteria: here.
In this newsletter, we cover:
Sam Zell on Assessing Deals
Atlasview’s Investment Criteria Breakdown
Our Favorite Reads
Insights From Our Team
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We look for the following characteristics in our partner companies:
Industry: Software and tech-enabled businesses
Business Profile: Sticky B2B customer base
Size: Minimum $1m EBITDA or $5m ARR
Geography: The US & Canada
Whether you’re a business owner interested in working with us, or an intermediary with a deal to share, always feel free to reach out and get in touch with us!
Sam Zell on Assessing Deals
This week we wanted to share this anecdote from Sam Zell (rest in peace) on assessing an opportunity:
More research & analysis doesn’t result in better investment performance. But oftentimes (and dangerously so), it results in more confidence, and at the very least, wasted time.
Talented investors can quickly determine what are the 3-5 value drivers for an investment, and the 3-5 key risks. And then focus efforts on analyzing, researching, and diligencing these factors.
At Atlasview, aim to quickly determine what are the main ways we'd make money on a deal, and the main ways we'd lose money. Sometimes we can figure out these things by looking at the business, its industry, and its financials (we have set criteria we look for). Sometimes we can figure out these things by speaking with the management or their advisor. But once we determine what the key value/risk factors are, we formulate our thesis and then focus our diligence efforts accordingly.
As an investor, your time is precious so the opportunity cost of wasted time is high. It doesn't make sense to get lost in the 11th tab of Excel, or reviewing the 78th customer contract if your deal or overarching thesis doesn't make sense in the first place. Prioritize your time accordingly!
Our Favorite Reads
Insights from our Team
Operations
Investing
Atlasview’s Investment Criteria
We look for the following characteristics in our partner companies:
Industry: Software and tech-enabled businesses
Business Profile: Sticky B2B customer base
Size: Minimum $1m EBITDA or $5m ARR
Geography: The US & Canada preferred
Whether you’re a business owner interested in working with us, or an intermediary with a deal to share, always feel free to reach out and get in touch with us!
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About Us
Atlasview Equity is a private equity firm specializing in software and tech-enabled businesses. We combine patient capital with proven operational strategies to deliver predictable results for our stakeholders.