This podcast episode explores the speaker's experience of setting exciting goals and embracing the process of working toward them, even if falling short. It discusses their transition from business school to buying micro-cap companies and the strategies employed by a private equity firm to differentiate itself from others. It also delves into the difficulties encountered in rebuilding deal flow and establishing the company's brand, as well as the practices that support growth and innovation in portfolio companies. The importance of hiring for untrainable attributes and developing sourcing capabilities in the private equity industry is discussed. The concept of a logarithmic outcome and the focus on diversity, equity, and inclusion are also explored. The episode concludes with the speaker's message on teaching and the key points from their graduation speech at Stanford.
