A thread:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Money bag" aria-label="Emoji: Money bag"> Trends #0012 — Micro Private Equity https://trends.vc/trends-0012-micro-private-equity/">https://trends.vc/trends-00...
Trends #0012 — Micro Private Equity

https://trends.vc/trends-0012-micro-private-equity/
1. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔍" title="Left-pointing magnifying glass" aria-label="Emoji: Left-pointing magnifying glass"> Problem

Founders want to cash out.
2. https://abs.twimg.com/emoji/v2/... draggable="false" alt="💡" title="Electric light bulb" aria-label="Emoji: Electric light bulb"> Solution

Micro Private Equity buys businesses valued at or under $5 million.

These are not sexy, venture scale startups. Some are technology-focused. But they tend to be simple, cash flow positive companies with stable growth.
3. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏁" title="Chequered flag" aria-label="Emoji: Chequered flag"> Micro Private Equity Funds

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Mudbrick Captial ( @MudbrickCap | @MikeBoyd)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Tera Holdings ( @SavneetS)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Little Engine Ventures ( @LEV_Capital)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Owl Mountain
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> 101 Commerce ( @101Commerce)
4. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏁" title="Chequered flag" aria-label="Emoji: Chequered flag"> Micro Private Equity Funds (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Chenmark Capital
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Site Arrow ( @site_arrow)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Dura Software ( @dura_software)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Fork Equity ( @forkequity)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔘" title="Radio button" aria-label="Emoji: Radio button"> Traction Capital
5. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏁" title="Chequered flag" aria-label="Emoji: Chequered flag"> Companies

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> 6Connex ( @6Connex)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> Bulk Buy Hosting ( @BulkBuyHosting)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> Fomo ( @usefomo)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> LaunchCDN ( @LaunchCDN)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> DomainNameSanity
6. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏁" title="Chequered flag" aria-label="Emoji: Chequered flag"> Companies (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> Moki ( @MokiMDM)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> Lobiloo ( @LobilooDesign)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> Nordic IT
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> Cross Sell
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚪" title="White circle" aria-label="Emoji: White circle"> New Day Craft ( @NewDayCraft)
7. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏁" title="Chequered flag" aria-label="Emoji: Chequered flag"> Marketplaces

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> Quiet Light Brokerage ( @quietlightinc)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> FE International ( @FEIntl)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> BizBuySell ( @BizBuySell)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> MicroAcquire ( @microacquire)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> Empire Flippers ( @EmpireFlippers)
8. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏁" title="Chequered flag" aria-label="Emoji: Chequered flag"> Marketplaces (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> Exchange Marketplace ( @exchangeshopify)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> Flippa ( @Flippa)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> For Sale By Maker ( @mubashariqbal)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> Human Proof Designs ( @Human_Proof)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚫" title="Black circle" aria-label="Emoji: Black circle"> IndieMaker ( @indiemakerco)
9. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔮" title="Crystal ball" aria-label="Emoji: Crystal ball"> Predictions

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✨" title="Sparkles" aria-label="Emoji: Sparkles"> Deals will close faster and transaction costs will drop.

Services such as Stripe, Google Analytics, Square and Shopify help buyers verify earnings and growth.
10. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔮" title="Crystal ball" aria-label="Emoji: Crystal ball"> Predictions (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✨" title="Sparkles" aria-label="Emoji: Sparkles"> Non-accredited investors will be able to easily invest in micro PE funds.

Look at these platforms:

· Otis ( @withotis)
· Fundrise ( @fundrise)
· MicroVentures ( @microventures)
· Republic ( @joinrepublic) https://www.startups.com/library/expert-advice/american-jobs-act-title-iii-crowdfunding">https://www.startups.com/library/e...
The SEC JOBS Act and Title III Crowdfunding

Emma McGowan, Startups.co columnist and startup veteran, provides and update on the American JOBS Act including Title II and Title III on crowdfunding.

https://www.startups.com/library/expert-advice/american-jobs-act-title-iii-crowdfunding
11. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Build a playbook to boost returns

· Raise revenue with price increases, conversion rate optimization, affiliate commission negotiation
· Lower costs with a remote team, automation, tax credits https://boastcapital.com/sred/ ">https://boastcapital.com/sred/&quo...
Scientific Research & Experimental Development (SR&ED) Tax Credits | Boast Capital

SR&ED helps Canadian businesses recover up to 64% of their R&D spend from the government. Qualified small businesses can get a cash refund. Learn more.

https://boastcapital.com/sred/
12. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Attract investment opportunities with content and events.

Examples:

· First Round Review ( @firstround)
· Jeff Morris Jr. ( @jmj)
· a16z ( @a16z)
· Founder Summit ( @FounderSummit)
· SaaStr ( @saastr)
13. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Make offers on abandoned projects found on

· Chrome Web Store
· Shopify App Store
· Product Hunt

Which projects haven& #39;t been updated?
14. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Build a playbook around similar assets.

· Plugins: Figma, Webflow, Slack, Trello, Shopify, WordPress and Chrome
· Templates: WordPress, Ghost, Webflow, Carrd and Bubble
· Content: eBooks, courses, newsletters and affiliate sites
15. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Buy businesses with similar customers, cross-sell and lower customer acquisition costs.
16. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Invest across platforms and verticals.

· Amazon recently slashed affiliate commissions
· Coronavirus took out travel-related businesses

You live on the edge by concentrating on one platform or vertical. https://druriley.com/platform-risk/ ">https://druriley.com/platform-...
Platform Risk

https://druriley.com/platform-risk/
17. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Niche horizontally. Focus on a business characteristic instead of a vertical. Consider B2B SaaS, B2C SaaS or digital assets. https://www.investopedia.com/terms/v/verticalmarket.asp">https://www.investopedia.com/terms/v/v...
Learn about Vertical Markets and Their Interconnections

A vertical market is a market encompassing a group of companies and customers that are all interconnected around a specific niche.

https://www.investopedia.com/terms/v/verticalmarket.asp
18. https://abs.twimg.com/emoji/v2/... draggable="false" alt="☁️" title="Cloud" aria-label="Emoji: Cloud"> Opportunities (con& #39;t)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔵" title="Blue circle" aria-label="Emoji: Blue circle"> Start low and stair step up in deal size.

Sure… Small deals have relatively high transaction costs. But fuck ups carry less risk at this level. Move up to bigger acquisitions as you learn. https://www.investopedia.com/terms/t/transactioncosts.asp">https://www.investopedia.com/terms/t/t...
Transaction Costs

Transactions costs are the prices paid to trade a security, such as a broker's fee and spreads, or to make any trade in a market.

https://www.investopedia.com/terms/t/transactioncosts.asp
19. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😠" title="Angry face" aria-label="Emoji: Angry face"> Haters

“You didn’t include Tiny.”

Andrew distinguished between Tiny and PE on The Acquirer’s Podcast with @Greenbackd. I won’t contradict that. https://www.youtube.com/watch?v=QfVB5Tw-fro">https://www.youtube.com/watch...
20. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😠" title="Angry face" aria-label="Emoji: Angry face"> Haters (con& #39;t)

“You didn’t include SureSwitft Captial.”

Kevin said that he doesn’t like the term on The Effective Founder with @andybaldacci. Refer to Tiny. https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Up pointing backhand index" aria-label="Emoji: Up pointing backhand index"> https://www.stitcher.com/podcast/andy-baldacci/the-early-stage-founder/e/62159084?autoplay=true">https://www.stitcher.com/podcast/a...
21. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😠" title="Angry face" aria-label="Emoji: Angry face"> Haters (con& #39;t)

“Sometimes Micro PE buys majority stakes. Not whole companies.”

Nuance. That’s the purpose of this section.
22. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😠" title="Angry face" aria-label="Emoji: Angry face"> Haters (con& #39;t)

"Is this investment advice?"

No.
23. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links

Vroom Vroom Vroom & Mudbrick Capital

Mike Boyd ( @MikeBoyd) is a great storyteller. Find out how he got started and why he loves digital assets. Interview w/ @aebridgeman https://www.listennotes.com/podcasts/think-like-an-owner/mike-boyd-vroom-vroom-vroom-yXQOAVDF2ea/">https://www.listennotes.com/podcasts/...
24. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

Buying cash-flowing internet companies, starting job boards and building no code projects

This was Andrew& #39;s first podcast interview in a while. Find out why he& #39;s bullish on no-code ( #0006) and podcast memberships ( #0002). https://www.listennotes.com/da/podcasts/my-first-million/63-with-andrew-wilkinson-XOqEWHYuiCJ/">https://www.listennotes.com/da/podcas...
25. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

Billionaire Stephen Schwarzman on Private Equity, His Life and Blackstone

Stephen shares childhood stories and how he built Blackstone. https://www.youtube.com/watch?v=xR5HzXCp1uo">https://www.youtube.com/watch...
26. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

Q&A with Andrew Wilkinson, Co-founder of Tiny

Andrew Wilkinson ( @awilkinson) came back for an AMA. He fills in the gaps that weren& #39;t covered in the interview. https://www.listennotes.com/da/podcasts/my-first-million/65-qa-with-andrew-wilkinson-gw5QaRJOyAk/">https://www.listennotes.com/da/podcas...
27. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

The Snag of Selling to Private Equity

Find out how Sherry Deutschmann ( @sherrystewartd) built a $40 million dollar company and why she insisted on profit-sharing. Interview w/ @JohnWarrillow https://www.builttosell.com/podcast/the-snag-of-selling-to-private-equity/">https://www.builttosell.com/podcast/t...
The Snag Of Selling To Private Equity - Built to Sell

Starting from humble beginnings, Sherry Deutschmann built LetterLogic into a $40 million juggernaut which she sold recently for more than seven times EBITDA.

https://www.builttosell.com/podcast/the-snag-of-selling-to-private-equity/
28. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

Trends #0005 — Bootstrap Funds

Micro PE and Bootstrap Funds have similar investment criteria.

Bootstrap Funds invest earlier, founders sell minority stakes and stay onboard. https://trends.vc/trends-0005-bootstrap-funds/">https://trends.vc/trends-00...
Trends #0005 — Bootstrap Funds

https://trends.vc/trends-0005-bootstrap-funds/
29. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

The Berkshire of Software

This is a wide-ranging interview. Savneet ( @SavneetS) and Patrick ( @patrick_oshag) cover Spanish real estate, software sales, gold, crypto and a lot more. https://www.listennotes.com/podcasts/invest-like-the-best/savneet-singh-the-berkshire-yXgfvo3x0IN/">https://www.listennotes.com/podcasts/...
30. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔗" title="Link symbol" aria-label="Emoji: Link symbol"> Links (con& #39;t)

How a Passion for Craft Spirits Turned into a Six-Figures-a-Month Subscription Box Startup

Mack McConnell ( @MACKATTAQ) shares how he built Taster& #39;s Club and why he sold to SureSwift Capital. https://www.sureswiftcapital.com/blog/subscription-box-entrepreneur-sells-business/">https://www.sureswiftcapital.com/blog/subs...
How a Passion for Craft Spirits Turned into a Six-Figures-a-Month Subscription Box Startup |...

Mack McConnell bootstrapped an idea into the subscription box startup, Taster's Club. Find out how he grew the business, and why he decided to sell it.

https://www.sureswiftcapital.com/blog/subscription-box-entrepreneur-sells-business/
If you& #39;re interested in trends such as

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🍳" title="Cooking" aria-label="Emoji: Cooking"> Cloud Kitchens
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎙️" title="Studio microphone" aria-label="Emoji: Studio microphone"> Podcast Memberships
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏠" title="House building" aria-label="Emoji: House building"> Co-Living
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Money with wings" aria-label="Emoji: Money with wings"> ISAs
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🥾" title="Hiking boot" aria-label="Emoji: Hiking boot"> Bootstrap Funds
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧱" title="Bricks" aria-label="Emoji: Bricks"> No-Code
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏋️" title="Person lifting weights" aria-label="Emoji: Person lifting weights"> Remote Fitness
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌐" title="Globe with meridians" aria-label="Emoji: Globe with meridians"> Virtual Meetups
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🦄" title="Unicorn face" aria-label="Emoji: Unicorn face"> Startup Studios
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💌" title="Love letter" aria-label="Emoji: Love letter"> Paid Newsletters
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Money bag" aria-label="Emoji: Money bag"> Micro Private Equity

Check out https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Downwards arrow" aria-label="Emoji: Downwards arrow"> https://trends.vc/ ">https://trends.vc/">...
Trends

https://trends.vc/
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