Minds Capital Podcast $100m Fund? No, Thanks!
Oct 29, 2025
Quinten Griffiths, a Calgary-based independent sponsor and co-founder of Good Capital, shares his inspiring journey from a traditional searcher to a successful CEO of Sportball. He discusses his unique indefinite-hold investment strategy and the creative deal structuring that led to a 100% seller-financed acquisition. Quinten elaborates on why he declined a $100M fund offer, valuing autonomy over scaling, and emphasizes the importance of flexible, bespoke approaches in today’s competitive market.
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Purpose Over Size
- Good Capital targets small-to-mid businesses that solve real-world problems rather than chasing size alone.
- They prioritize mission-fit because purpose helps attract talent and sustain long-term ownership.
Avoid Fixed Exit Timetables
- Prefer indefinite holds so you can pursue mission goals without a forced exit timetable.
- Let the business's mission guide time horizon rather than a fixed five-year clock.
From Returned Search To Turnaround Exit
- Quinten returned search capital after two years and then bought a losing software unit via a large seller note.
- He turned it around, grew staff from ~7 to ~40, and later exited to a roll-up buyer.