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The Twenty Minute VC · February 26, 2024 · 60m
Justin Ishbia on Private Equity, Sports Ownership, and Doing It All
Shore Capital Partners founder Justin Ishbia on building a top-performing PE firm, acquiring sports teams, and why the best companies are talent systems. A rare deep-dive into private equity from a practitioner's perspective.
Canon
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Ishbia observes that all PE firms in his space see roughly the same deal flow, but the top 10% generate returns 3-5x better. The difference is execution after acquisition — what you do with the luck of finding a good company.
Highlights
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The best companies are talent systems — the product is secondary to the people machine
Ishbia argues that the highest-performing companies he invests in share one trait: they have a systematic approach to identifying, developing, and retaining talent that operates independently of any individual leader.