Justin Ishbia
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's important for, I think, leadership to know each other's spouses.
And so I think it's really investing in your people because if I'm a seller of a business, the thing I fear most, if I have a
a friend who sold a business to a private equity firm, I want to drill in really carefully who is the partner on my deal and who will be with me this journey.
Because this turnover in those ranks is really hard and decreases your odds of success.
So I think it's core competency to private equity and for my business is to make sure that
people stay the same when they're partnering with a founder and a business.
And so I guarantee you forever, ever be here the same way.
The answer is no.
It's not realistic forever, but for 15 years now, no one's ever left.
And I think it's because people don't quit their friends.
And my job is to create an environment where friends develop in a way that they feel really good about and have financial upside.
And again, I go back to a really long leash with appropriate check-ins where goals, nerds and goals oriented, people know their own goals, set their own goals, and they know when they're performing.
Three or more want to go to dinner, I'll pay for it.
One of our younger guys named Tim, I won't say his last name, but Tim, you know who you are?
He had like a big bill to club one night.
And he said, there's three of us.
And I was like, Tim, I'm paying for it this one time.
But clarifying point, if it's a bill over X dollars at a club, it doesn't count anymore.
Everyone on the team loves the kid.
He's a great young man, and he's awesome.