Signal > Noise #3
We've been lied to.?
For nearly 75 years, we've been taught that it takes 21 days to form a habit. TIL, it actually takes 3x as long as we think it should to form a habit (an average of 66 days).?
Signal > Noise was first shared 66 days ago. This communication is now a habit. I've built routines and tools into my daily life to support this new 'habit.' A good habit for me - and you.??
Let me be your "growth" surrogate. I'll share this signal on your behalf, providing you with high-fidelity signal and freeing time for you to focus and grow in other areas as well.?
As always, I'm hopeful that this content will provoke thought, stir healthy debate, and ignite innovation - all in service to empowering leaders to go even bigger and creating the most value for the most people.?
Cheers!
-Travis
"I do not believe you can do today's job with yesterday's methods and be in business tomorrow."
– Horatio Nelson Jackson?
According to the The Wall Street Journal , the largest public pension in the U.S. is attempting to bounce back from what its former chief investment officer called a “lost decade,” when it pulled away from private equity.?CalPERS plans to invest billions into the asset class in an attempt to boost lagging investment returns.?
Financial Times examined the financial industry's hottest asset class: private equity and asks 'is it actually worth it?' FT provides a history of the sector and, in subtle contrast to CalPERS ' outlook, shares words of caution moving forward.
高盛 presented a similar history and proposes the New Math of Private Equity Value Creation: less reliance on leverage; more emphasis on growth, technology, and multiple expansion.
Leverage contributed to the highest annual total of bankruptcy filings by PE and VC-backed companies in the US in 2023, according to S&P Global Market Intelligence data. Half of those bankruptcies were either Consumer Discretionary companies (reduced demand) or Healthcare companies (wage inflation). ?
Harvard Law School deemed 2023 'the year (not) to remember' in private equity as headwinds persisted and new challenges emerged. Two things you can count on from PE in 2024: innovative dealmaking and adaptability to changing market conditions.?
彭博资讯 reports on one such innovative dealmaking strategy. As the cost of debt climbs and lenders retreat, PE has shifted to a 'buy now, leverage later' model to close deals despite a dislocated capital market.?
贝恩公司 's 2024 Global Private Equity Report points out that half of all PE investment returns in the last decade are attributed to revenue growth - the other half to to multiple expansion. Surprisingly, 0% of returns were driven by margin expansion. Hugh MacArthur , Bain Chairman of Private Equity concludes that with stalled growth and less leverage, PE must find margin through operational improvement.
Still unsure which way PE tips? Perhaps Tony Robbins , and his latest book: The Holy Grail of Investing, can motivate you to get excited about the future of private equity.?
Kicksaw Teams Up with Rallyday Partners?to Supercharge Impact
March 4, 2024
Kicksaw, a Salesforce consulting practice started in 2018, has partnered with Rallyday Partners to continue blazing a trail to transform consulting by putting employees and customers first. Like warm apple pie and vanilla ice cream, there are few combinations in life you can’t live without. While this combination may not satisfy your hunger, it will cure your sales and marketing technology woes.?
About Kicksaw
Kicksaw is a diverse group of lifelong learners, pioneering spirits, and creative thinkers focused on transforming the Salesforce consulting industry by putting employees and customers first. Kicksaw has experience across a broad range of Salesforce products with a proven track record of success and a 5-star rating on the Salesforce AppExchange. Kicksaw has a unique methodology that shepherds clients from implementation through optimization, ensuring clients can successfully drive value for their organizations from their Salesforce environments. Kicksaw’s core values are: Be you, Own it, Work together, and Keep it simple. As a proud member of Salesforce Military Alliance, Kicksaw aims to create a larger movement to hire more veterans and military spouses in the Salesforce ecosystem. Together, the collective goal of this alliance is to drive additional companies to hire military service members, veterans, and spouses. For more information about Kicksaw, please visit www.kicksaw.com/.
On the Founder’s Journey podcast we will explore the heart and soul of great founders and their journey to build the company of their dreams. Once a month in a 60 minute conversation, you will learn about emerging industries and innovative business models while discovering how to apply the founder’s mindset to your everyday work and life.
Episode #1: Join us for Rallyday’s inaugural 60-minute interview with Kenny Goldman, co-founder and CEO of our newest portfolio company Kicksaw.? Kenny shares his textured upbringing with an immigrant’s mindset, his dreams for Kicksaw and how his company is changing the rules in consulting as a Salesforce implementation partner.
Core Management Skills: Coaching, Feedback, Productivity, and One-on-Ones Wednesday, April 24, 2024 3:00 PM ET
LifeLabs Learning teaches skills to build passionate, high-performing managers and teams, faster. They support over 2,000 clients around the world (e.g., Venmo, BlackRock, Kaiser Permanente, Andreessen Horowitz, Yale, Glossier, and Lyft) through live workshops, digital tools, and organizational consulting. ?Join this session to discuss how to create outstanding managers, faster. They will cover ?easy-to-implement strategies that will take managers from good to great and share key skills in the manager toolkit.
A surprising amount of life involves doing something uncomfortable but necessary. It’s a more significant amount than we realize.
Complete and total comfort is the rare exception, not the norm. We deal with discomfort every day if not every hour.
It's only a matter of what discomfort we’re experiencing, how intense it is, and why we’re experiencing it.
Discomfort isn’t a problem to avoid. It’s a reality to embrace. Working through discomfort with discipline makes you stronger, more confident, and full of life.
Brick by brick. Do the work.
Rallyday Partners is a Denver-based private equity firm that was built by successful entrepreneurs to provide a better way of serving and partnering with emerging companies and their leaders. Drawing upon its four sources of capital - creative, financial, experiential, and human capital - the firm's 'by founders for founders' strategy provides an alternative to traditional private equity for those that want to go even further, elevate entire industries, and have an experience of a lifetime together.