I must apologize to my readers for I haven't posted in about two weeks. It's the summer months and everybody seems to be taking a break at some point or another. The World Cup is now over, kids are off for summer break, families are taking vacation, and it seems like every industry has to take some sort of break.
Like most industries, private equity has its seasons as well. A colleague of mine once described venture capitalists as "hunters" and the spring and fall months as "hunting season" with little activity in between. This definitely rings true as every good firm will have hoped to invest successfully in promising young firms each quarter.
I've found over the years that these periods of dormancy for traditionalists is an excellent time to work when offices are a little calmer. For the entrepreneur, it's the perfect time to get ahead of the competition. When entrepreneurs come knocking on my door over the "quiet season" it's a good sign. It's a sign of someone who will work while others sleep.
So it's quiet season now. I've been knee deep in the launch of two companies which I will talk about in a later post.
As the summer rolls along, I will keep posting regularly. Feel free to send me questions or suggest topics of interest.
Can you believe Blackstone's $15 billion closing???
