Key Points From the Interview
oday's episode is a great example of that cliché go slow to go fast.
While the headline number to this story hopefully grabbed your attention, the key lesson should be the value of taking your time building a foundation.
We spend a good amount of time on that, the year or so after Michael Davidov and his partner Jonathan acquired their first business.
What changes they made to fortify it into a platform that could support a lot more growth — both organic & inorganic — over the next 6 years.
This was a $6m home care agency that they bought in 2019; today their portfolio does around $140m in revenue. (A lot of that due to a single big acquisition that was actually a larger business than they were at the time they bought it.)
Other themes covered today:
- Exiting vs. holding the business & compounding it.
- How to hire the right CEO. Michael & Jonathan have done that, so this home care business continues to grow as they turn their attention to new platforms and categories.
- And, the value of having a great partner.
OK, please enjoy this interview with Michael Davidov, managing partner of Pine Street Group.
