The Private Equity Podcast, by Raw Selection cover image

The Private Equity Podcast, by Raw Selection

Eric Anderson discusses his experience completing multiple PE-Backed exits and how he has bucked the trend of changing the C-Suite team, by staying in his position with a multiple PE sponsors

Feb 14, 2023
39:40

Introduction to Eric

Eric Anderson is the Chief Operating Officer of Clearwave Corporation and has been the COO since 2010. Eric’s experience stems from his undergraduate degree in accounting and then an e-commerce program in Stanford. Since his education, he’s worked with startups and Fortune 500 companies. His primary industry work revolves around technology and now healthcare

What You Will Learn

Investing in Healthcare

PE Investment in Healthcare

Capital and Company Growth

Importance of Knowledge and Resources

Standards When Selecting a PE Firm

Private Equity Exits

Breakdown

[00:28] Introduction of Eric

[02:37] Mistakes and Actions to Take in PE

[06:15] Challenges Encountered by Clearwave Corp.

[08:31] Needs in Capital for Growth Acceleration

[11:11] Source of Knowledge of Investment 

[13:24] Acquired by Private Equity

[15:06] PE Firm Selection Process

[20:40] Advice to PE Executives on Exits

[24:39] Eric’s Endurance Post-Exits 

[28:31] Attributes that Make a Top Performer

[31:36] Likes and Dislikes About PE 

[37:18] Other Media References

[40:23] How to Reach Eric

 

Knowledge is Power

When it comes to Private Equity, the more you know will benefit your firm and the businesses backed by PE. According to Eric, the knowledge gained in terms of sales, demand, customers, etc., can help firms and businesses craft a game plan that can project long-term revenue-generating outcomes. This information can be extracted from operating partners and consultants. It is also essential to consider partners or consultants that are well-versed in the industry your business is associated with.

Private Equity Exits

Private equity exits are moves that are not entirely negative as some require this move to redirect the financial strategy or change the revenue dynamics of certain companies. These exits are okay based on law regulations, however, they require a due process in order to have successful and non-impactful outcomes. In order to achieve an exit, companies should need a playbook strategy that depends on the nature of the business goals. It also helps if the companies have an open mind throughout the process and a leader that’s agile which can result in growth changes. 

Other Media References

Measure What Matters by John Doerr

The Leadership Sequence by Nick Saban

Never Split the Difference, Negotiating as if Your Life Depended on It by Chris Voss and Tahl Raz

The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby

How to Reach Eric

Eric’s Email: andersonericd@gmail.com 

​​Thank you for tuning in!

To get the newest Private Equity episodes, you can subscribe on iTunes or Spotify here.

Lastly, if you have any feedback on the podcast or want to reach out to Alex with any questions, send an email to alex.rawlings@raw-selection.com.

 

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