#The 10x rule audio free how to#
#The 10x rule audio free software#

I think we're big believers in the long term dislocation of tech. Picker: Right and and obviously, you know that's the saying goes in finance, 'Past performance is not always indicative of future performance,' so where do you think things go from here?Дeb: At a high level. And so the same people may not be the best person to go soup to nuts.

I think we need to constantly focus on putting people in positions to succeed. There are people in our firm who are better sources, and better portfolio managers. I think sometimes what that leads to is people get in their swim lanes and sometimes we need to take that more expansive view on things that don't fit neatly into swim lanes but they still may be great investments. Today I think one of the great things, as I said, is our focus on specialization.

#The 10x rule audio free software#

I would say we were wrong in terms of software re-rating, software companies that used to trade at 8x or 10x EBITDA trade at 25x to 30x EBITDA. We also never thought leveraged markets would reach the levels they have today. So we never thought that interest rates would go down and the stock market would come up the way it did. So it's almost an anti-portfolio as it were. Picker: What do you think you are doing wrong? What is it that you need to improve on?Дeb: As I reflect on the last decade, probably the biggest mistakes we've made is all the deals we didn't do it. Of course, you never achieve that, but every day we wake up and say, 'What are the 10 things we're doing wrong?' We just had our annual meeting a couple weeks ago and the first slide we put up was, 'Here's the year-in-review.' The second slide was 'Here's the 10 things we're doing wrong,' and I think you kind of need that focus to stay ahead. And third is our culture, which is kind of a relentless focus on perfection. These are people we can try to help with each company, both in terms of optimizing a company's operations, but also getting best performance cost portfolio. Second is we have an operating team of 35 people going to almost 50 to 60. And we believe that sub-specialization is the key to success. So we have partners who specialize in each of those areas. So we have 10 different vertical markets we pursue, whether it's consumer internet, or healthcare IT, or network security, or cybersecurity, or FinTech, or education technology. One is a focus within technology of sub-sectors. But I'd say we probably have done three things that hopefully has helped us differentiate us in the past and will continue to do so in the future. Leslie Picker: I know you're not able to discuss performance specifically, but what do you think was responsible for this outperformance? What's the secret sauce here?ДJ Deb: Of course, we've all benefited from a buoyant market and the tech markets where we spend a preponderance of our time. (The below has been edited for length and clarity.)

The CEO also reviewed where the firm sees the most opportunity. Deb sat down in an interview for the Delivering Alpha newsletter and revealed what keeps him up at night, despite the firm's outperformance. Graphic + Text + Audio bundle ($13.And the sector is reaping the benefits of that outperformance with 529 firms in the space raising an aggregate equity volume of $1.4 trillion over a 10-year period, according to the 2020 annual HEC-Dow Jones Private Equity Performance Ranking.Дipanjan 'DJ' Deb is the co-founder and CEO of Francisco Partners, the top performing individual firm in that annual ranking. You can choose from 2 ReadinGraphics summary bundles including:ДЎ.

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#The 10x rule audio free how to#

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