The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: What it Takes to be Top 1% in Private Equity | Why the Best Companies are Talent Systems | Three Traits Required to Succeed in Private Equity | Marriage, Fatherhood and Sports Team Owner, What it Takes to Do It All, with Justin Ishbia, Founder @ Sho

Feb 26, 2024

Discover how Justin Ishbia built a top 1% private equity firm, the key traits for PE success, and why backing first-time founders is crucial. Hear about balancing work and family, challenges in healthcare investments, nurturing first-time CEOs, fostering top talent, and navigating opportunities in the industry.

01:21:06

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Episode guests

Justin Ishbia

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Successful private equity firms require transparency and data-driven decisions for growth and success.

Building a strong team is essential for organizational success through recruiting, retaining, and holding top talent accountable.

CEOs must prioritize continuous learning to navigate complexity and foster innovation for long-term success.

Retaining top talent involves offering competitive compensation, growth opportunities, and aligning incentives with individual goals.

Deep dives

Importance of Transparency and Data in Building a Successful Private Equity Firm

Building a successful private equity firm involves shining a light on all aspects of the business to ensure transparency and data-driven decisions. The analogy of using a flashlight to uncover every detail, from performance to potential areas of improvement, emphasizes the importance of clarity and visibility. By fostering a culture of transparency and utilizing data effectively, firms can enhance performance, identify strengths and weaknesses, and set the stage for growth and success.

Building Loyalty and Friendships

00:43

Local Reputation and Industry Respect

01:09

Strive for Top-Graded Talent

01:44

Balance: Key to Longevity and Success

00:59

Introduction

4min

Exploring the Guest's Father's Entrepreneurial Path and Business Principles

5min

Achieving Work-Life Balance and Success in Private Equity

21min

Challenges of Scale, State Regulations, and Operational Efficiency in Healthcare Investments

3min

Elevating First-Time CEOs in Private Equity

14min

Fostering Top Talent in Private Equity

22min

Navigating Challenges and Embracing Opportunities

10min

Passion for Work, Guest Reflections, Parenting Insights & Sponsor Ads

3min

Justin is the Founder and Managing Partner of one of the nation’s best-performing private equity firms, Shore Capital Partners (“Shore”). Since the firm’s inception in 2009, Shore has grown from 4 to over 140 team members managing over $6 billion in AUM, representing 900+ acquired companies and more than 33,000 employees. Shore is also one of the most active private equity firm in the world by deal volume according to PitchBook while continuing to achieve return profiles that rank Shore among the top 1% of private equity firms. Justin is an avid sports fan/investor and is the Alternate Governor for the Phoenix Suns (NBA), Phoenix Mercury (WNBA) and Nashville SC (MLS).

In Today's Episode with Justin Ishbia:

1. From Law Student to Founding Shore Capital:

How did seeing Justin's father operate impact how he thinks about building Shore today?
What does he know now that he wishes he had known when he started Shore?
How important a role does luck play in success? How has his mindset changed on this?

2. How to Make Top 1% PE Returns:

Why does Justin see private equity done well like "using a flashlight in a dark room"?
What are the top 3 elements that Justin looks for in all acquisitions they make at Shore?
When did Justin think there was an advantage of scale/network effect but was proved wrong?
How does Justin think about downside protection and risk mitigation?
Why does Justin like to back and invest in first time founders more than any other type?

3. Building World-Class Investing Teams:

Why does Justin believe the best companies are talent systems?
How does Justin structure the talent system at Shore to ensure consistent incredible talent?
What does Justin believe are the three traits required to win in private equity?
What question does Justin ask all potential CEOs he hires for acquired companies?
What has Justin learned is the single clearest sign of the top .1% talent?

4. Justin Ishbia: The Family Man and Husband:

What metric does Justin use to track whether he is being a good and present father?
Is it possible to be top 1% and have balance with a wife and family?
What does "great fatherhood" mean to Justin? How has his thoughts on this changed?
How does Justin think about bringing kids up in a world of immense privilege and ensuring they remain ground and ambitious?

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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: What it Takes to be Top 1% in Private Equity | Why the Best Companies are Talent Systems | Three Traits Required to Succeed in Private Equity | Marriage, Fatherhood and Sports Team Owner, What it Takes to Do It All, with Justin Ishbia, Founder @ Sho

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Transparency and Data in Building a Successful Private Equity Firm

Building a Strong Team Around the CEO

Curiosity and Continuous Learning as Key Attributes of Successful CEOs

Finding and Retaining Top Talent through Financial Incentives and Upside Opportunities

Creating a Culture of Success and Recognition

Lessons Learned from Management Failures

Nurturing Relationships and Family Bonds in the Workplace

Building Loyalty and Friendships

Local Reputation and Industry Respect

Strive for Top-Graded Talent

Balance: Key to Longevity and Success

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: What it Takes to be Top 1% in Private Equity | Why the Best Companies are Talent Systems | Three Traits Required to Succeed in Private Equity | Marriage, Fatherhood and Sports Team Owner, What it Takes to Do It All, with Justin Ishbia, Founder @ Sho

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Transparency and Data in Building a Successful Private Equity Firm

Building a Strong Team Around the CEO

Curiosity and Continuous Learning as Key Attributes of Successful CEOs

Finding and Retaining Top Talent through Financial Incentives and Upside Opportunities

Creating a Culture of Success and Recognition

Lessons Learned from Management Failures

Nurturing Relationships and Family Bonds in the Workplace

Building Loyalty and Friendships

Local Reputation and Industry Respect

Strive for Top-Graded Talent

Balance: Key to Longevity and Success

Get the Snipdpodcast app

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Discoverhighlights

Save anymoment

Share& Export

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Discoverhighlights

Get the Snipd
podcast app

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highlights

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