Invest Like the Best with Patrick O'Shaughnessy

Jeremy Giffon - Special Situations in Private Markets - [Invest Like the Best, EP.336]

2655 snips
Jul 11, 2023
Jeremy Giffon, the first employee and general partner at Tiny, shares his unique insights into private equity, focusing on special situations created by misaligned incentives. He discusses mastering investment dynamics by understanding buyer-seller relationships and emphasizes the importance of qualitative assessments in identifying high-quality investments. The conversation also delves into resilience shaped by personal adversity, the significance of navigating cultural differences in funding, and the value of managing resentment in partnerships, all while encouraging individuality and personal growth.
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INSIGHT

Perfect Business Model

  • The perfect business requires minimal capital, generates substantial cash flow, and offers equity participation.
  • It also benefits from selection and treatment effects, enhancing one's career trajectory.
INSIGHT

Perfect Investment

  • Perfect investments capitalize on coordination problems and misaligned incentives among stakeholders.
  • Understanding these dynamics allows for low-risk, high-reward opportunities.
ANECDOTE

Founder-VC Misalignment

  • Over-raised companies face a dilemma where founders won't admit failure and VCs avoid suggesting shutdowns.
  • This misalignment creates opportunities for negotiated solutions benefiting both parties.
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