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Artwork for Minds Capital Podcast

Minds Capital Podcast

Will Smith & Niklas James
Private Equity
Independent Sponsorship
Independent Sponsors
Investment Strategy
Entrepreneurship
Minds Capital
Capital Providers
Lower Middle Market
Deal Flow
M&A
Family Offices
Investment Strategies
Vacation Rental Property Management
Mcguirewoods Conference
Dallas
Independent Sponsor
Covid-19
Franchising
Investment Returns
Debt Financing

Your connection to the growing world of independent sponsors and deal-by-deal private equity.

PublishesWeeklyEpisodes62Foundeda year ago
Number of ListenersCategories
BusinessInvestingEntrepreneurship

Listen to this Podcast

Artwork for Minds Capital Podcast

Latest Episodes

Erik Miller watched his entrepreneurial father build a thriving business, only to be squeezed by private equity. After 30 years in finance, Erik is now running Perspective Equity Partners to partner & collaborate with founders.

References and how to... more

A podcaster and accountant, Leah Berend founded Minneapolis-based Merrin Investment Partners in 2024. 4 deals later, Leah shares their playbook, which includes an openness to imperfect situations and conviction that culture & people management make c... more

Nicolás Lulli "grew up" at Relay Investments, a well-known fund in the traditional search fund world in the Prudential Tower in Boston. With their backing, he later acquired a $1m EBITDA business in Peru shortly before the pandemic. Peru was hard hit... more

Chandos Mahon dreamed of driving garbage trucks at age 3. In 2024, he exited a tire recycling waste management platform to a strategic buyer for a 5x net MOIC. Starting as a searcher in 2015, he acquired the business in 2017 and scaled it through 14 ... more

Key Facts

Accepts Guests
Accepts Sponsors
Contact Information
Podcast Host
Number of Listeners
Find out how many people listen to this podcast per episode and each month.

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Recent Guests

Leah Berend
Founder/President, Merrin Investment Partners
Merrin Investment Partners
Episode: Acquiring Infrastructure for PortCos
Nicolás Lulli
Founder/Partner at Polisistemas
Polisistemas
Episode: $10m EBITDA After COVID Killed The Business
Chandos Mahon
Founder/CEO, Castle Capital (guest on Minds Capital Podcast)
Castle Capital
Episode: One Man's Trash: 5x MOIC on a 14-Deal Waste Roll-Up
Eugene Polevoy
Founder/Managing Partner, Blue Sea Capital
Blue Sea Capital
Episode: $100m Acquisition as First Deal
Jason Faucett
Managing Director at Transition Capital Partners
Transition Capital Partners (TCP)
Episode: Almost 40% IRR across 55 Platforms
Edwin Burke
Co-founder of Pillsman Partners
Pillsman Partners
Episode: "We're Not Operators": Bridging Capital & Management
Chris Eichmann
Co-founder of Pillsman Partners
Pillsman Partners
Episode: "We're Not Operators": Bridging Capital & Management
Corbin Cook
Co-founder of Rise Run Capital
Rise Run Capital
Episode: 7x Organic EBITDA Growth After Liberating Employees
Alex Swanston
Co-founder of Rise Run Capital
Rise Run Capital
Episode: 7x Organic EBITDA Growth After Liberating Employees

Hosts

Will Smith
Host of the Minds Capital Podcast
Niklas James
Host of the Minds Capital Podcast
Max Lummis
Host of the Minds Capital Podcast

Reviews

4.5 out of 5 stars from 36 ratings
  • Great Podcast

    This is a great addition to the SMB podcast market. The independent sponsor model has received far too little attention. Thanks for shedding light on the space!

    Apple Podcasts
    5
    BudFox87
    United Statesa year ago
  • Svend Hansen

    Couldn’t follow the tips. Went bankrupt. Do not recommend

    Apple Podcasts
    1
    tildeeridubai
    Norwaya year ago
  • Another great show from Will Smith

    Will is a great interviewer, I have been a listener for a long time and it is easy to overlook how thoughtful his questions are because he has such a natural style.

    Apple Podcasts
    5
    corporate_struggling
    United Statesa year ago
  • Great podcast!

    Keep up the good work, Will & Niklas! Thank you for this terrific new resource for people, considering buying an operating their own business.

    Apple Podcasts
    5
    Plazure
    United Statesa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Criticism exists around the accessibility of certain topics, which some listeners find challenging to implement.
The engaging interviewing style of the hosts is frequently praised, with a focus on their thoughtful questioning.
Listeners appreciate the depth of insights into independent sponsorship, finding the discussions relevant and highly informative.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

$10m EBITDA After COVID Killed The Business
Q: Nick, the difference between language and culture or the not difference. So, would someone from a Latin American country do a search in another country, like Peru?
Generally not; searches are local and insular, with people sticking to their own country due to relationships and networks, though some move to larger markets like Mexico or the US where connections exist.
$10m EBITDA After COVID Killed The Business
Q: Nick, let's pivot away from the incredible story here. What is the name of the business?
The Peru and Bolivia operations run under Polisistemas, and in Ecuador the brand is File Storage; they've kept Polisistemas in Peru and expanded into Bolivia and Ecuador with similar branding.
Acquiring Infrastructure for PortCos
Q: Reflecting on the Human Capital Partners acquisition, what did you learn about key man risk and how you structure to preserve value when leadership can be transitional?
The discussion covers replacing the original CEO with a careful transition plan, using earnouts and seller financing, and embedding leadership to stabilize operations while maintaining a long-term hold strategy.
Acquiring Infrastructure for PortCos
Q: The structure of that first deal was unique. Can you explain how the co-general partner arrangement worked and why you chose that path?
Leah explains that co-general partnering brought together her deal execution strengths with her partner's deep industry knowledge and relationships, creating a natural alignment and enabling a tailored, non-traditional setup rather than a standard GP-led process.
Acquiring Infrastructure for PortCos
Q: So Leah, your first deal would have been in 2024, so pretty recent. What would you say is your best advice for getting in the game and getting your first deal under the belt?
Leah emphasizes openness, collaboration, and building a foundation with partners; she avoided analysis paralysis by pursuing a concrete path after extensive networking, ultimately choosing a partner-driven approach rather than going it alone.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Location
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Frequently Asked Questions About Minds Capital Podcast

What is Minds Capital Podcast about and what kind of topics does it cover?

Focusing on the evolving landscape of independent sponsorship and deal-by-deal private equity, this podcast offers insights into the strategies, experiences, and market dynamics that define successful investments. Regular discussions revolve around topics such as private equity strategies, emotional intelligence in investment, and methodologies for mergers and acquisitions, particularly within niche sectors like commercial landscaping and healthcare. Unique insights from diverse voices, including experienced entrepreneurs and capital providers, provide listeners with actionable strategies and real-world examples that highlight the importance of networking, relationships, and long-term thinking in business growth and investment success.

Where can I find podcast stats for Minds Capital Podcast?

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How many listeners does Minds Capital Podcast get?

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How many episodes of Minds Capital Podcast are there?

Minds Capital Podcast launched a year ago and published 62 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Minds Capital Podcast?

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What guests have appeared on Minds Capital Podcast?

Recent guests on Minds Capital Podcast include:

1. Leah Berend
2. Nicolás Lulli
3. Chandos Mahon
4. Eugene Polevoy
5. Jason Faucett
6. Edwin Burke
7. Chris Eichmann
8. Corbin Cook

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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