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Alex Behring

๐Ÿ‘ค Speaker
419 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And that's the context in which we started the conversation.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

But that was already 2021, mid-year.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

I visited him in Switzerland, his home, and had a conversation about it.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And he was then brainstorming what to do.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

I think the outcome of that conversation was that he would give us a window to present him with a proposal.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

And then if he liked that proposal, he would move forward.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

That's sort of how it started.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

David did really sort of shape the company through those deals, I think.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

He did.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

The business basically owns the relationships.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

It doesn't have a concentrated customer or a concentrated supplier.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

So it's a business that's really well-positioned

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

In an industry, purchasing windows covering products is not a frequent thing.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

It's not something that you do every week or every year even.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

So I think that really sort of set itself well for a business.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Also, a lot of times you do it in the context of a renovation, for instance.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

but it's never a big part of that also.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

So I think it lends itself.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Quality matters.

Invest Like the Best with Patrick O'Shaughnessy
Alex Behring and Daniel Schwartz - Inside 3G Capital - [Invest Like the Best, EP.458]

Our quality is almost in a way too good.