Thread by @BrentBeshore

We often get questions about how @PermanentEquity works with companies post-close, especially as we’ve scaled. Who's involved? What roles do they play?

Thread about growth, governance, and opportunities, including a senior-level role to join our team and manage a portfolio:

Before diving in, it’s important to know how we’re different.

Unlike traditional PE, we don't use debt, buy with no intention of selling, and never have a 90-day plan. We try to listen and learn how we can be good partners.

We also don’t use boards of directors.

While boards can add a variety of skillsets and perspectives, they also can quickly devolve into a hairball of misaligned incentives, poor communication, and chaotic decision-making.

We have a dual hook-in structure post close with a financial partner and a portfolio partner.

The financial partner works with the portfolio company’s financial team to improve the quality and timeliness of reporting, increase access to and lower cost of capital, improve sophistication, and provide a sounding board for financial questions.

Outside of financials, the portfolio partner takes the lead. Their job is to the be “board of directors in a box,” helping with everything from executive compensation and roles, to strategy, growth plans, sticky situations, and funneling internal and external resources as needed.

As you can imagine it’s a big job and an outrageously important role, especially since portfolio partners typically are responsible for 4-7 companies representing $50M+ of investment, $100M+ in revenues, and $10M+ in earnings.

We’re opening up two new portfolio partner positions and would love your help in spreading the word. Job description is attached.

Link: permanentequity.pinpointhq.com/en/jobs/14590

Compensation: $250K with upside to $500K+
Location: Columbia, MO
Who: Humble, hungry, kind, smart, and high integrity.