The Benefits of Buying a ‘Boring’ Business
While some of the article is a pitch for adventur.es, the author makes some good points about not wasting time looking for the next big thing but acquiring, instead, a “boring”, run-of-the-mill, everyday business. I suppose it’s the M&A equivalent of the tortoise and hare.
After selling my last company I have been on the hunt for the next big thing. It’s not easy searching, letting alone finding a startup/idea that you can start, let alone grow to become something highly profitable.
It seems like most investors go to the same watering hole and pay premium prices for a chance to ride the unicorns. In my search I met Brent Beshore, founder and CEO of adventur.es. Brent initially invested in those hot startups before he noticed a lesser known, but equally deep, pond in which to fish. With everyone focused on the new and sexy startups, the opportunity to buy into low-key, yet profitable, main street companies and help them grow was wide open. The Benefits of Buying a ‘Boring’ Businesses