Collab Holdings: A Different Approach to Private Equity for the Best Consumer Brands (opens in new tab)

A few months ago I was in Northern California, visiting a company we’ve known for years. They make one product. They’ve made it the same way for decades. Their customers are borderline religious about it. The business is profitable, growing steadily, and has been for a long time. Over dinner, the founder told me something I’ve now heard in some version from at least a dozen founders over the past fifteen years. “I have investors who need to sell. I don’t want to sell. And there’s no one in th...