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Justin Ishbia

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1101 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And naturally, of those seven, by the way, five becomes super value-add, one or two less so.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Just the reality of it, I'm very poor at predicting who is going to be value-add and who is not.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

It's just DNA of the people.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And after with us one time, I can figure it out.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

But you get these really talented people, these boards, and they help in a unique way.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Every single member helps in a unique, outsized way at one point during the life of the investment.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Opens the door to a customer.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Refers us to a former employee of theirs who was talented.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

has a unique way of understanding a software system versus an add-on.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

When we buy a business to an 18% of revenue and we want to grow it to 100% of revenue, you understand a new customer that could bring three million of revenue, you're talking about at first a 15%, 20% pickup in revenue.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

You buy a business doing a billion of revenue, there's no ones that are bringing you a 50% pickup in customer.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

It's just not going to occur.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

But I think what we've learned over time is we've got to create a fun environment for these board members too.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

They have choice going into the professional time and effort.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

We put a lot of effort into creating an ecosystem where

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

where we have these operating partner summits where we invite individuals, all of our board members from all of our companies come here twice a year to cross-pollinate and share ideas and bring perspectives.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

But it's creating a family and an ecosystem of really talented board members who want to provide advice and give back.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Part of it is altruistic, part of it's financial, part of it's fun.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

All those things together create a really great board member

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And I think it increased the odds of success.