This week, I sat down with Savannah Rush, Managing Partner at Funded Ventures.
Savannah went from McKinsey consultant to owner-operator of Midway Electric in Columbia, Missouri.
She and her partner Brian Wolf (who I interviewed previously) have closed two home services deals and are laser focused on building a long-term holding company.
She's not aiming to flip or exit. Her goal is to build a compounding machine.
Here are some of the highlights from the deep dive:
š„ How she went from "ETA skeptic" to running an electrical company in a market where she doesn't exactly look like the typical president
š„ The state of the business when they bought it (everything was on paper, hourly rates were 40% below market, and the owners were barely holding on)
š„ How they turned it around in months, including the pricing conversation with the team that actually got buy-in
š„ Why they're willing to go "super, super small" on acquisitions when everyone else says to go bigger
Here's her must-watch breakdown...
She also shared some things I don't hear enough people admit out loud:
ā Why she was nervous about stepping into the role
ā The one thing her McKinsey background didn't prepare her for
ā Why "being involved in the community" has become one of their biggest unlocks for finding proprietary deals
