Rainmakers
#2 Rainwater's Solo Act
Jan 24, 2024
Discover how Richard Rainwater established his investment firm Rainwater Inc using capital, connections, and culture. Learn about his strategic acquisition of Penrod and his involvement in the healthcare industry. Explore Rainwater's deal-making approach, including his open office policy and creative ways to bear less risk.
57:31
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Quick takeaways
- Richard Rainwater focused on identifying sectors or industries going through major change to build successful companies.
- Rainwater's investment style involved backing the best talent in emerging fields and investing in under-managed companies to bring in top executives.
Deep dives
Rainwater's Investment Method
Rainwater focuses on identifying sectors or industries going through major change to build the biggest and best company. He emphasizes studying each industry separately, with no one or two specific characteristics for all. Rainwater established Rainwater Inc. in 1986 after leaving Bass Brothers Enterprises. He focused on the three C's: capital, connections, and culture. Rainwater used his own capital and maintained connections he built in the industry to fund and make different investments. He hired young talent and fostered a risk-taking environment for them to gain real-world deal-making experience.
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