Sieva Kozinsky is the Managing Partner and co-founder of Enduring Ventures, a long-term holding company dedicated to buying and building beautiful businesses and stewarding them with exceptional, values-driven leadership.

On this episode, Jake and Sieva discuss:

• Pivoting from being an operator to an investor
• Due diligence on potential acquisitions
• How to incentivize management teams and CEOs
• How Enduring integrates into an acquired company

Links:

Sieva on X

Enduring Ventures

Connect & Invest with Jake:

Follow Jake on Twitter: https://twitter.com/jwurzak

Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo

Topics:

(00:00:00) - Intro

(00:03:33) - What is a holdco and why are they so popular?

(00:07:20) - Sieva’s focus on private companies

(00:14:54) - Pivoting from being an operator to an investor

(00:17:13) - Starting Enduring

(00:20:41) - How did you make UpCouncil a profitable business?

(00:23:52) - VC Turnaround work

(00:26:58) - What kind of due diligence are you doing to get you to a quick yes or no?

(00:30:56) - How do you interview management teams to determine if they will stick around?

(00:37:16) - What’s the best way to incentivize CEOs?

(00:39:18) - What’s the best way to integrate Enduring into an acquisition?

(00:46:10) - How do you keep a pulse on all 21 companies within Enduring?

(00:49:13) - Are there any outstanding ideas or processes from a CEO within Enduring that you wanted to apply to all the companies?

(00:54:20) - Do you get more energy from finding deals or making an acquisition flourish?

(00:58:54) - Acquiring platforms vs. businesses

(01:03:17) - The Enduring Ventures organizational structure

(01:15:10) - Finding the balance for doing what’s best for an individual business and the portfolio

(01:16:31) - How does the financing for doing a deal work?

(01:27:10) - What scares you most about growing a business?

(01:30:05) - What is your favorite hotel?