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TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of
We Study Billionaires - The Investor’s Podcast Network
Constellation Software Solutions
Constellation Holdings, a growing holding company, is open to larger deals as they deploy capital. They have a database of potential target companies that continues to grow with the rise of unique software solutions. Their revenue sources include 10% from Canada, 50% from the US, 30% from Europe, and 10% from other countries. Constellation stands out for its decentralized structure, encouraging autonomy and long-term thinking. Leonard, the CEO, believes in letting acquired businesses run independently while providing support and incentive plans. The company values motivated teams and seeks to build enduring human-scale businesses. Clear priorities, high trust, and communication are key, with a focus on increasing the pie, not dividing it. Constellation embodies Leonard's favorite venture investments and early acquisitions, while also offering valuable business lessons about managing complexity and fostering innovation.
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