Winning Big by Doing Minority Recaps | Erik Miller, Perspective Equity Partners

Erik Miller watched his entrepreneurial father build a thriving business, only to be squeezed by private equity. After 30 years in finance, Erik is now running Perspective Equity Partners to partner & collaborate with founders. More on Erik Miller:   / erik-miller-b45546b   More on Perspective Equity Partners: https://perspectiveequity.com/ 00:00 Minds Capital Partners React to Interview with Erik Miller 08:00 Interview with Erik Miller Begins 09:00 Childhood Roots of Entrepreneurship 11:02 Wall Street to Fundraising Lessons 13:29 John Utendahl and the Fundraising Machine 16:53 Going Independent in 2020 20:41 Founder Empathy and PE Reputation 21:41 Psychologist Mode in Deals 27:18 Apprenticeship and On the Ground Intel 32:17 Good to Great Entrepreneurs 35:07 Finding the Haircare Deal 35:56 Meeting Janelle Again 37:35 Why Growth Equity 38:16 Letting Founder Lead 38:58 Minority Deal Risks 42:02 Governance And Board 43:09 Using Capital For Growth 46:02 Consumer Thesis In Haircare 48:06 Distribution Growth Levers 49:27 Raising Capital As Minority 51:03 Debt Structure And Caution 52:11 Exit Rights And Timing 54:04 No More Non Control Deals 55:54 Professionalizing The Company 58:04 Equity Pay For Operators 01:01:40 Network As A Moat 01:03:35 Results And Wrap Up 01:04:47 Podcast Outro And CTA ❤️ Enjoy this interview? SUBSCRIBE for more: ‪@mindscapital‬ CONNECT with the Minds Capital team: 👉 Minds Capital, where the hosts are partners: https://mindscapital.co 👉 Sign up for info on future fundraises: https://www.mindscapital.co/investors 👉 Connect with host Will Smith: https://linktr.ee/acquiringminds 👉 Connect with host Niklas James: https://linktr.ee/niklasjames 🎧 Podcast on Spotify: https://open.spotify.com/show/32K3aO9... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... ABOUT the Minds Capital Podcast: MCP is a podcast about the growing world of independent sponsors & deal-by-deal private equity. Hosts Will Smith and Niklas James are partners in Minds Capital, a fund that invests in independent sponsor deals. New episodes every week. Credits: Edited by Anton Rohozov