Latest / The Inspired Stories Podcast / From Combat to Corporate: Jason Blonstein's Journey to Executive Search | Staffing Series
Transcript
- 0:04Welcome to another edition of Inspired Stories, where leaders
- 0:07share their experiences so we can learn from their successes,
- 0:10how they've overcome adversity, and explore current challenges
- 0:13they're facing. Welcome to another edition of
- 0:18the Inspired Stories podcast, where leaders share their
- 0:20experiences so we can learn from their successes and be inspired
- 0:24by how they've overcome adversity.
- 0:26My name is Anthony Kotaspoti and today's guest is Jason
- 0:29Blondstein, Managing Director of ECA Partners, an executive
- 0:33recruiting firm where they support their clients in two
- 0:36main ways. First of all, they place people
- 0:39into permanent or long term roles, typically at C-Suite, VP
- 0:43and Director levels #2 they place independent consultants
- 0:47who were previously at top tier consulting firms into a wide
- 0:51variety of freelance projects In interim roles.
- 0:54Jason himself works across multiple industries but has
- 0:58particular expertise in the automotive and industrial
- 1:01industries. His business and engineering
- 1:03backgrounds allow him to understand a wide range of
- 1:06functions at multiple levels. He works with large public
- 1:09companies, private equity, and family owned businesses.
- 1:12He is a graduate of both West Point Military Academy and the
- 1:15University of Illinois, and he was a captain in the US Army
- 1:19where he earned a Bronze Star. But before we get into all that
- 1:22good stuff, today's episode is brought to you by my company,
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- 1:46To find out if your company qualifies, contact us today at
- 1:49Add Back benefitsagency.com. Now back to our guest today, the
- 1:53Managing Director of ECA Partners, Jason Blondstein.
- 1:56I appreciate you making the time to Share your story today.
- 1:59No, thanks for having me. Thanks for having me.
- 2:01I appreciate it. Yeah.
- 2:02So Jason, you spent several years in the Army.
- 2:06First of all, thank you for your service.
- 2:08But can you describe your time in the Army?
- 2:11Where were you deployed? What did you do?
- 2:14Yeah. So after I graduated from
- 2:17school, I went into, I went, I joined the Armored Core.
- 2:23So I was on tanks. I was stationed in Germany in a
- 2:30a small well mid size city called Schweinfurt Pig Town.
- 2:35And from there I deployed to Kosovo.
- 2:40We were still in Kosovo at the time.
- 2:43And then in 2004, I went to Iraq where we, my unit, relieved the
- 2:52ground forces that were part of the the ground war there.
- 2:57OK, So what lessons did you learn from being in the army
- 3:02that you carried with you today? Oh geez, where do I?
- 3:07Where would I start? I think there's a lot, I mean,
- 3:15the ability to, to, to just handle multiple things at once
- 3:18and prioritize and even a very hectic and high stress situation
- 3:23like combat to, to be able to, to, to prioritize and, and, and
- 3:29knock out one thing at a time. I think realizing very early,
- 3:36you know, especially as a young Lieutenant, you're assigned to a
- 3:42unit and you have a platoon Sergeant that technically
- 3:44reports to you, but that guy probably has a minimum of 10
- 3:47years experience, if not a lot more.
- 3:50So just realizing that that I'm not the expert on everything and
- 3:54I can't be in, in being able to rely on the people around me.
- 4:00I, I was always a very collaborative leader.
- 4:03I, I still am today and it served me well.
- 4:07I mean, my company has a lot of very talented people usually
- 4:11that just need a little direction and guidance and then
- 4:14they're going to they're going to surprise you with what they
- 4:16do. Can you talk about what led to
- 4:19the Bronze Star? Yeah, I mean, so, so the Bronze
- 4:25star, so there's there's different types of bronze stars.
- 4:28So there's there's Bronze Stars for valor, which is usually a
- 4:33specific moment in time in combat.
- 4:38There's Bronze Stars for service, which basically was
- 4:43just for the level of service that I provided for my unit the
- 4:46entire time I was in Iraq. It's a little honestly, it's a
- 4:51little biased. You know, officers tended to get
- 4:54those awards were the enlisted don't always.
- 4:58But you know, I wasn't going to turn it down and, and, and it's
- 5:03gotten me out of some tickets because I, I put it on my
- 5:05license plate. So that's, that's the, that's
- 5:08the real bad thing. So Jason, you had a wide range
- 5:14of different corporate experiences before you found
- 5:17your way to the staffing industry.
- 5:19Can you talk about the path that led you to ECA?
- 5:23Oh, so when I got out of the Army, I didn't, I did not know
- 5:27what I wanted to be when I grew up, you know, So it was, we are
- 5:33good at operations. So that's what I did, right.
- 5:36I went into operations roles and, and I was very good at
- 5:39them. I just, I would get bored and I
- 5:43wasn't very motivated and, and nothing really stuck, right.
- 5:47And so I, so I bounced around a lot and as a recruiter it would,
- 5:52it's probably the amount I bounced around was, was, would
- 5:55be a little bit of a yellow flag, if not a red flag.
- 5:58But I, I kind of fell into recruiting through a, a friend
- 6:05of mine that I used to work with at, at Constellation Energy.
- 6:11And he was, he was pretty well connected in the Republican
- 6:15Party within, within Illinois. He'd been the head of the
- 6:19Commerce Commission. He'd been the head of the
- 6:21Department of Insurance. His name is, is Phil O'Connor, a
- 6:24great, great man. And he so regardless of where
- 6:29your politics lie, Illinois elected a Republican governor
- 6:34for the first time in a long time, Bruce Rauner and Governor
- 6:39Rauner actually wanted to appoint qualified people to his
- 6:44cabinet, which in Illinois, which is the reason why we have
- 6:482 governors that are in jail right now.
- 6:52The, this, this was kind of a novelty, right?
- 6:56It was, it was, you know, usually these positions were
- 6:59given out as a form of patronage or, or nepotism, but he really
- 7:03wanted to, to, to put quality people in, in into his, his
- 7:08cabinet. And so he stood up.
- 7:09He asked Phil to, to help him recruit his staff.
- 7:15And Phil knew we needed a good project manager and reached out
- 7:19to me and I said, yeah, that, that sounds amazing.
- 7:22And and I, I came and I met another one of his friends, a
- 7:27gentleman by the name of Brad Holden, who happened to be
- 7:32former Corn Fairy and Spencer Stewart and Russell Reynolds.
- 7:35And he had his own executive search firm And he saw me
- 7:38operating and he said, hey, you're, you're pretty good at
- 7:41doing this. Do you want to come work for me?
- 7:43You know, by the way, here's how much some of my employees made
- 7:46last year. And I was like, oh, that's one,
- 7:48I enjoyed this. And two, that's, that's very
- 7:51motivating. So, so I joined him and, and,
- 7:56and, and I haven't, I haven't looked back.
- 7:58I mean, it's great. I, I love the project based
- 8:00nature of it. I love the the mixture of of,
- 8:03you know, having to deal with people and talk to people.
- 8:06And, but also it can be very, it can be very heads down, right?
- 8:12It can be very much like, hey, you have to really focus on this
- 8:14task that you're doing. And so it, it just, it just
- 8:17appealed to me and I've, I've, I've, I've enjoyed it very much.
- 8:22And so how did ECA partners come about?
- 8:26ECA Partners so they initially wanted to recruit me.
- 8:31When I was still at Holden Richardson.
- 8:36They reached out to me to be a head of talent at APE backed
- 8:43portfolio company. But by the time I was going to
- 8:47jump on to my second interview, which was with the the the CEO
- 8:52and founder Atatarki, he said, hey, they've got an offer out,
- 8:59but I really like your background and want to stay in
- 9:02touch. You know, we might be hiring at
- 9:05ECA. I'm like, OK, that's, that's
- 9:06great. Let's let's stay in touch.
- 9:09Then in the interim I went, I was recruited to Korn Ferry,
- 9:13who's the largest executive search firm.
- 9:16You know, part of the reason was that there were four partners
- 9:19at, at the boutique firm I was working on.
- 9:22All of them had been at what we what we call a Shrek, which is
- 9:26Spencer Stewart Hydrich struggles, Russell Reynolds,
- 9:30Egon Zehnder and Korn Ferry. Those are those are the big
- 9:33search firms, even though there's a couple that are
- 9:35knocking on the door right now. But they said, hey, if you want
- 9:39to be serious in this industry, you got to get some experience
- 9:42there. Now that I know more, I wouldn't
- 9:45say I agree with that assessment, but that's what I
- 9:49did. So I had a chance to get a corn
- 9:51fair and I jumped ship and was not there long.
- 9:55It just was not a great cultural fit.
- 9:59Good company, just just wasn't, wasn't the fit for me.
- 10:03And fortunately ECA had come calling again to ask if I wanted
- 10:07to join them and just everything.
- 10:10I just really like their approach to search.
- 10:12You know, I, I was pretty new to the industry, but there were
- 10:14some things that I, that I didn't necessarily agree with.
- 10:16And you know, I thought their approach was, was very different
- 10:21in the process was different and, and it's been a great fit.
- 10:26It's just been, it's just been a wonderful company.
- 10:27And so I, I joined there initially in a search execution
- 10:32role and then was promoted into promoted twice and now I'm
- 10:37basically a managing director of partner at the firm.
- 10:41So I want to hear more about what makes ECA partners
- 10:43different than some of the other ones out there.
- 10:46But before we do that, you know, I gave an intro of kind of, you
- 10:49know, what the services are that you provide, but I'd like to
- 10:52hear it in simpler language from you.
- 10:55Tell us what it is that you guys do and do well.
- 10:58Yeah, yeah. And, and so, so we used to be ex
- 11:02consultants agency. That's what my company's name
- 11:05was when we were founded about 15 years ago by out of Turkey,
- 11:08who I, I had mentioned and, and he kind of had really seen the
- 11:11need in the market for someone that was focused on management
- 11:15consultants that were transitioning into industry,
- 11:17right? And he, he, we always did that
- 11:19in, in both the permanent capacity as well as project
- 11:22baser internals, right? We grew and, and, and started
- 11:28actually serving a lot of private equity clients and, and
- 11:31within their portfolio companies as well.
- 11:34And, and, and we weren't exclusively focused on
- 11:37management consulting profiles anymore.
- 11:39So we rebranded to, to ECA. So in general, I would, if I had
- 11:44to say like what we do, what we specialize in in, in a few
- 11:48buckets. You know, one is for private
- 11:50equity at the the firm level we'll place a lot of operating
- 11:55roles, operating partners, value creation type roles and usually
- 12:00those are current or former management consultants.
- 12:04And then within the portfolio companies themselves, we do a
- 12:08lot of CEOA lot of CFO roles and those may or may not be
- 12:12consultants. And then on the project side
- 12:16generally we are doing a lot of things that support transactions
- 12:20for private equity. That could be either a market
- 12:23assessment or due diligence support upfront or that could be
- 12:27post acquisition doing a a, a post merger integration pricing
- 12:33projects are another thing that we do fairly, fairly regular
- 12:37transformation, but those those are the big ones that we do.
- 12:41So what is it that you guys do differently?
- 12:44Like, why were you so attracted to what ECA was doing versus
- 12:49some of the other places that you had been?
- 12:51Yeah. So you'd have to take a little
- 12:54bit of a step back and take a look at, I think the executive
- 12:57search industry as a whole, right.
- 12:58And to to be frank, there hasn't been a ton of innovation since
- 13:05LinkedIn, right? You know, so LinkedIn huge tool
- 13:11really changed the game, really changed the the nature of the
- 13:14job, right? And I, I've been fortunate that
- 13:16I've, I've been able to recruit. I mean, my, my mentors are the
- 13:19people that taught me they were, they were the smile and dial,
- 13:23you know, they just, they were just all they were doing was
- 13:26calling people and trying to build out their networks and
- 13:28things like that, whereas LinkedIn is the network, right.
- 13:32So they really operated on like a, a mentorship type model where
- 13:40like you had to kind of earn your stripes.
- 13:42The lower people were really underworked and, and you you got
- 13:47the right to be caught, brought into deals and to start building
- 13:51out your own network. And, and it could take a long
- 13:53time, right? They also would have someone at
- 13:59my level that was a search execution person that would
- 14:01normally do, you'll be working on like 10 searches at a time,
- 14:05right? And doing, and that, that would
- 14:07be doing all the sourcing of the candidates that'd be doing all
- 14:10the first level interviews. So it was, it was very time
- 14:13consuming and, and, and very, very stressful to be, to be
- 14:17frank. We took a look at that process
- 14:22and we really divided up the labor because sourcing
- 14:27candidates is a very, very time consuming, but not necessarily
- 14:33like a high level activity. Whereas interviewing is very
- 14:36different, right? Interviewing, you have to be,
- 14:38you have to have a system, you have to really be able to dig
- 14:42into to what candidates are telling you, etcetera, right?
- 14:45So we, we divided those two tasks that are very different,
- 14:49right? And we're not the first person
- 14:50to do that, right? I mean, a lot of a lot of
- 14:52companies have what they call researchers.
- 14:54But you know, corn at Corn Ferry, we had researchers, but
- 14:58they were, they were, they sat in India and it was very much a
- 15:02throw the ball over the fence and you weren't sure what you're
- 15:04wearing it back, right. Whereas our approach with having
- 15:08a large team in the Philippines and Manila has been that they're
- 15:12very much integrated into our team.
- 15:14You know, we meet with them all the time.
- 15:15We're talking with them, they're they're chatting with us on on
- 15:18teams. And what you get is there have
- 15:23this ability to really build you a good pipeline of candidates.
- 15:28Whereas then the interviewer who happens to sit, usually sits in
- 15:32Santa Monica in California can then focus their time on
- 15:35interviewing candidates as opposed to sourcing them.
- 15:38So it shrinks your close time because I always say executive
- 15:44search isn't rocket science, right?
- 15:46But it's time consuming, right? And that's why you outsource it.
- 15:49It's very time consuming and, and we've been very effective at
- 15:56reducing the amount of time it takes to find someone.
- 15:58And part and part of that is, is yeah, we've got tools and
- 16:01processes, but it's more just because we throw more people at
- 16:04it more often than not and and it gets results, right.
- 16:07Our average search time last year was 83 days, I think you
- 16:12know, and and most of the Shreks were were probably double that.
- 16:16Really. Oh yeah.
- 16:18Yeah, that's a substantial difference.
- 16:21It is, but in, in fairness, we're also not playing at the
- 16:24same level a lot of times, right?
- 16:26I'm not doing a search for the CEO of, you know, a Fortune 50
- 16:31company, right? I'm, I'm not going to get that
- 16:33call right. And so that process can probably
- 16:36stretch out a little bit. But even their lower level
- 16:40searches, I find that they take, they take a long time and, and
- 16:43part of it is, is going back to that process that we talked
- 16:46about, you know, where as they have built a system that really
- 16:50relies on their, their network and who they know and not as
- 16:54much they're, they're not as good as at building a bespoke
- 16:58list and building up a candidate list that way, which is what we
- 17:03primarily do. That's not to say we don't use
- 17:06our network, but everyone's network's the same right now.
- 17:12You know, LinkedIn is the network, you know, that's very
- 17:17few people, especially executives are not on LinkedIn,
- 17:20right. And, and so, so everyone has
- 17:22access to the same network right now.
- 17:25But the older companies really have not changed a lot of how
- 17:29they do do business and how they they they go to market, whereas
- 17:33our business model has been been very different.
- 17:37So there are other firms that are sort of using some overseas
- 17:42labor to help with part of that research process.
- 17:47You guys are doing a little bit differently because this isn't
- 17:50really outsourcing for you. These folks are part of your
- 17:52team. They're integrated into your
- 17:54team. You're going to visit them, I
- 17:55think you said next week. And so they're more a part of
- 18:00your process. It's not sort of lobbying over
- 18:02the fence and seeing what you get.
- 18:04It's this is our process and we're working together to
- 18:07develop it and refine it, so we know we have a sense of the
- 18:11quality of the work that we're going to get because you are US,
- 18:14you are part of our team. And it's, it's great that you
- 18:19use that word quality because that is, that is probably I
- 18:22think one of the biggest factors of why we've had success, right.
- 18:28We have a, an internal quality team, right?
- 18:31They're, they're monitoring, they, they go through the
- 18:35emails, they go through how they set up the calendar invites or
- 18:38standards that they have to add hold to.
- 18:41If there's, there's too many errors, they get dinged.
- 18:43You know, what can it affect? Their pay, right?
- 18:45Their bonuses, not their take money away from, but, but
- 18:48that's, that's how we incentivize that team.
- 18:51And it's, it's, it works, right? And it helps that ECA was
- 18:55founded by management consultants, right?
- 18:58And management consultants are very good at establishing
- 19:02process, right? So, and that's, that's been, I
- 19:06think a key to our success because we've had people try to
- 19:09replicate what we've done there. And it's just that they're
- 19:12missing that piece, right? That's kind of the secret sauce.
- 19:15And and you got to go there, right?
- 19:17I mean, this isn't my first time in Manila.
- 19:18My CEO goes there every year, you know, so it's, they're very
- 19:23much like a part of the company. They are the company.
- 19:27And at the same time, being able to use that part of your team
- 19:32and be able to, you know, cost effectively throw more labor at
- 19:36the task of the research process is also a big part of what
- 19:40allows you to turn things around a lot faster than your
- 19:43competitors, right? Correct.
- 19:45Yeah, 100%. And, and, you know, literally we
- 19:50dedicate a minimum of one recruiter to your search, you
- 19:57know, and that just, I mean, and they're probably reaching out to
- 20:0030 to 40 qualified candidates a day, you know, and over the
- 20:04course of a search, probably over 1000, I can tell you I
- 20:08never reached out to that many people at Korn Ferry, right.
- 20:11And, and it, and it, it works, right?
- 20:15It it definitely it it works, it produces results.
- 20:18Because you're going out and you're recruiting folks who
- 20:20aren't necessarily actively looking for jobs.
- 20:22It's not like you're finding somebody just by posting on
- 20:26Indeed and seeing what comes back.
- 20:28Yeah, Yeah, we call, I refer to that as passive recruiting.
- 20:33When you post on job boards and then you're just getting inbound
- 20:36resumes, I find generally that the quality of the candidates
- 20:41that you get from there isn't as high.
- 20:43That's not to say that we never get inbound candidates that are
- 20:46good, but you know, most people that are the people that you
- 20:50want to hire, especially for your key executive roles are
- 20:54people that are currently employed and probably not
- 20:57looking, right? So you need to engage them and
- 21:01get them interested, right? And, and I'll tell you, I was
- 21:05initially a little skeptical, you know, 'cause when, when we
- 21:10reach out to someone on LinkedIn, they can see that that
- 21:13this person is sitting in Manila, right?
- 21:15And to me, I was like, oh, and am I going to be like, is this a
- 21:19scam? Da da, da da.
- 21:20But you know, there our interest rate but probably wasn't quite
- 21:26as high as mine was at Korn Ferry.
- 21:28But I mean, people aren't going to usually turn down a call from
- 21:32Korn Ferry. But the IT was higher than when
- 21:37I was at the boutique, right. And part of that was because we
- 21:41are very evidence based. We actually have we constantly
- 21:45AB test our messaging to see which one gets better results
- 21:49and take those learnings and incorporate them into future
- 21:52messaging. So we are, we're pretty good at
- 21:56at getting people on the phone. And plus they can just click and
- 21:59see like check out ECA and see, Oh yeah, this is this is AUS
- 22:03space legit company. So.
- 22:06And so most of your outreach in these cases is done through the
- 22:09LinkedIn platform or through a third party tool that'll sort of
- 22:13helps to expedite that outreach on.
- 22:19LinkedIn, We'll start a lot of our sourcing through LinkedIn,
- 22:23but a lot of times we have their emails and so it's easier to
- 22:27e-mail someone, but at the same time, a lot of times people were
- 22:30more responsive via LinkedIn. I mean, we all get bombarded
- 22:33with emails every day that are usually just like view delete.
- 22:39So we, we, we rely on a lot of different channels is always the
- 22:45best way to get interest. But yeah, LinkedIn is is is just
- 22:50such a powerful tool. Are you using their work emails
- 22:53or are you finding personal emails to communicate with them?
- 22:59Both it just depends it it depends.
- 23:02I mean, if we, we're, we can normally figure out a lot of
- 23:08time. Well, either either they might
- 23:09already be in our system, you know, especially if these are,
- 23:13but, but if we're reaching out to someone at McKinsey, you
- 23:15know, I can pretty much tell you what their e-mail is going to
- 23:18be, right? So at least they're working.
- 23:21And then a lot of them went to like, you know, if they went to
- 23:24Harvard Business School or Wharton or something, they
- 23:27probably still have that e-mail address.
- 23:28And that's, that's, that's easy enough to guess, right?
- 23:31So we'll, we'll try different ways to, to get get in touch
- 23:35with people. Is AI factoring into your
- 23:38process at all? Not yet.
- 23:42We have tried some AI tools in the past for well, yes and no.
- 23:51We've tried AI tools for sourcing and those we haven't
- 23:55found one successfully that works.
- 23:57All I really found was I was kind of reskinning what I could
- 24:01just do in a search query from LinkedIn and I still had to go
- 24:06through and check the validity of every profile.
- 24:10And it wasn't, it was actually probably taking more time.
- 24:13The, the, the hit rate was, was pretty low.
- 24:17Now we are using AI to do a few things.
- 24:20One is we'll record meetings and interviews using AI tools.
- 24:25We will write, we'll, we'll do a lot of our writing with AI too.
- 24:32It's great for coming up with the first draft of things,
- 24:35whether that's going to be a white paper, whether that is
- 24:38your, your, you need to write a, an e-mail or a presentation and
- 24:43you want it and you're worried about the tone or, or something
- 24:46like that. AAI can be a pretty effective
- 24:48tool for that. A lot of my colleagues use it
- 24:50use it pretty pretty effectively for those things.
- 24:54How do you find new clients? How do we find new clients I.
- 25:02Mean you talked about like white papers.
- 25:03I didn't know if maybe. Contact.
- 25:05Generation was part of your process.
- 25:07It is, it is. And, and you know, so, you know,
- 25:10when, when I first got here, you know, we had kind of had a
- 25:14philosophy of take calls, make money, right?
- 25:20And, and it was all a matter of like how many, how, what, what
- 25:23was your volume of calls that you could get?
- 25:25And a lot of it was strictly through e-mail campaigns.
- 25:30And they were, but they were effective, right?
- 25:33I mean, I think my first year in sales, I probably talked to 1000
- 25:35people over the course of a year.
- 25:40So it was, it was it, it, it worked.
- 25:42Now I think e-mail marketing is, is much, much less effective
- 25:46because so many people are doing it.
- 25:49And so one of the things that I always tell my team is that
- 25:52like, if you're going to e-mail someone, you need to have a
- 25:54reason to be in their inbox, right?
- 25:57And, and, and you should be providing them something of
- 26:00value other than trying to convince them that our company's
- 26:06better and we should, you should use us, you know, so we do, we
- 26:10have started to do more content compensation studies.
- 26:14I think it's a very good one because one, we have that data,
- 26:19I think a lot of our clients are very interested in it.
- 26:22It's, it's something worthwhile for us too, because it's a
- 26:25recruiter. We're, we're always in, we're
- 26:28always advising our clients on what they should be paying
- 26:30someone. So that's one thing.
- 26:34But we make those compensation studies read more like a white
- 26:37paper. So yeah, it's going to have that
- 26:39data. I think white paper is a little
- 26:42bit of a bad word as a marketing tool now.
- 26:45So we'll, but we'll, we'll embed the So what into the cop studies
- 26:51and, and, and send that to our clients.
- 26:54Another tool that I'll, I'll plug one of our vendors here is
- 26:59called Ren Ren. It is, if I had to describe it
- 27:05shortly, I would call it like Google alerts on steroids,
- 27:10right. So what it does is you put in
- 27:12your network to it and you can either download your LinkedIn
- 27:16contacts from Salesforce, whatever, and it will curate
- 27:20news articles about those people, those companies, those
- 27:24industries for you and you can and it and it is AI back.
- 27:29So the more you use it and say, Yep, this is the type of article
- 27:32I want or no, it starts to to learn and it gets it gets even
- 27:36more relevant. But it will constantly, every
- 27:39morning I get an e-mail about like, Hey, here's the rent
- 27:41alerts, you know, for all my, for all my contacts.
- 27:45And it could be telling me that, hey, this private equity firm
- 27:47had a transaction, this person, you know, moved to this company,
- 27:51whatever. But it lets me to really have
- 27:55timely and accurate messaging to to potential clients.
- 28:02And that that's very effective, right?
- 28:05And it's it and more so it also lets me know what's going on in
- 28:09the industry and with my clients too, right?
- 28:11I mean if if they had a major transaction I should know that.
- 28:16So this, as you put it before, gives you a reason to be in that
- 28:22inbox. There's some news around them.
- 28:25Hey, congratulations on this. Hey, I saw something about you.
- 28:29This is great. And that helps them remember
- 28:31you. Oh, hey, Jason.
- 28:33Yeah, exactly, exactly. And, and a lot of times, you
- 28:37know, especially for us dealing a lot with private equity
- 28:40transactions begat needs, right? Because a lot of times either
- 28:47they'll be, they'll, they'll be understaffed or they need to top
- 28:50grade. And, and that's when we, we can
- 28:54get involved. Or if it's an acquisition, they
- 28:57might need help on the integration, which is another
- 28:59thing that we do a lot of post merger integration activities.
- 29:01So so either way it's it helps me be top of mind and contacting
- 29:08them when there might be an actual need.
- 29:12That post merger integration that is more handled from your
- 29:17own bench, your own team or are you helping to find some folks,
- 29:22some you know, some outside folks to to temporarily help
- 29:26with that? Yeah, we, we'll find independent
- 29:28consultants to help with it. Now we have a that is 1 area
- 29:33that we do rely on our network. You know, we could be, we have a
- 29:37pretty developed network of consultants that especially for,
- 29:43for kind of our high need activities.
- 29:47And So what we can usually go to them first and, and if there's
- 29:51availability. But I mean, we've, we've also
- 29:54found pretty niche stuff. My team's pretty good at at
- 29:57finding, you know, some, some pretty weird asks for our
- 30:03clients. We've we've found in the past
- 30:05that that, that, you know, and that we don't have a network for
- 30:09right. And, and so we've had to just go
- 30:11find those people. Now when you say pretty good at
- 30:14finding a weird ask, that makes me want to see if there's an
- 30:17interesting story there. Or is it just weird because it's
- 30:21so like hyper focused? It's more because it's hyper
- 30:24focused or, or, or sometimes it'll be like, I didn't even
- 30:28know that was a job. Like what, what, what, what,
- 30:31what, what does this person do again?
- 30:32And then they'll, they'll have to explain it and be like, OK,
- 30:34we'll, we'll see if we can find it.
- 30:36And, and a lot of times we do right.
- 30:38I mean it. Like an under Otter basket
- 30:41Weaver like. If you ever met, yeah, yeah,
- 30:44there was one that that there's one in particular that was
- 30:48dealing with like intellectual property, right, with patents,
- 30:57but it wasn't a patent attorney they need.
- 30:59It was Yeah, it was, it was, it was very, very specific.
- 31:03But we were able to find someone for them and, and, and I think
- 31:07just two weeks so. Oh wow.
- 31:10That's even faster than your super fast average time.
- 31:13Well, we, we built the process to support private equity with
- 31:18their commercial due diligence, right.
- 31:20And usually after they, they, they send an LOI, they have like
- 31:233-4 weeks to, to review things. So like they can't wait three
- 31:28weeks for you to find someone because the process is over by
- 31:32then, you know, So normally with, with things like that, if
- 31:35it, we try to get people to them in a couple days, right, right.
- 31:40I mean, usually, usually, yeah, yeah, we want to get them in a
- 31:43few days and then have them interview them and like, and so
- 31:45we want someone, by the time they kick off with us, we want
- 31:48that person starting like five days later, so.
- 31:52How would you describe your ideal client?
- 31:55I think of things in terms of like geography, size, industry.
- 31:59How do you think about it? Yeah.
- 32:01I, I this is actually something we're going to be talking with
- 32:06our team in, in Manila, Our our ideal client profile.
- 32:11I would, I would probably put them into two main buckets.
- 32:15One would be on the corporate side, we tend to focus on chief
- 32:21strategy officers, chief data analytics officers, heads of
- 32:28corporate development, those types of really, really those
- 32:32transformation. So those types of strategic
- 32:36transformation, corporate development type roles that,
- 32:39that, that's where we tend to focus with corporations with
- 32:43private equity. And, and that doesn't really
- 32:47matter the size. I mean, I've worked with, you
- 32:50know, some of the biggest social media companies I've worked
- 32:52with, you know, some huge healthcare payers, you know, we,
- 32:55we, we're, we're, you know, strategy is strategy and, and
- 32:59we're very good at finding those, those people for them.
- 33:05The other profile would be middle market private equity
- 33:10firms. You know, we've definitely
- 33:12worked with some of the big players, KKRTPG Vista, but we're
- 33:18we're, we're, we're more focused on private equity that's in the
- 33:26middle market, which generally we define as as investing in
- 33:29companies that are under a billion dollars in revenue.
- 33:32And even then we'll even focus on the lower middle market,
- 33:36which would be like under $100 million in revenue.
- 33:40So that that tends to be, you know, we're, we're well, we'll
- 33:43focus. So we'll look for operating
- 33:46partners or just partners at those firms.
- 33:50This tend to tend to be who we who we target we for both of
- 33:56these roles. We tend to be national just
- 33:58focused in the US in terms of our geography.
- 34:01Sometimes we'll do Canada, but we don't do a lot in in overseas
- 34:05or other places. And when you say those are the
- 34:08like the folks at the PE firms that you target, you're
- 34:11targeting them as a customer, as a client, not as somebody you
- 34:16would place. Correct.
- 34:17Yeah, They're, they're who we're targeting as a client.
- 34:20They tend to be the decision makers.
- 34:23They tend to be the ones that you want to develop the
- 34:25relationship with. Not a lot of times they will
- 34:28pass us off to, to some of the more junior members like AVP or
- 34:31a principal, but, but it's, it's really every PE firm does it a
- 34:36little differently and how they tackle talent, you know, and,
- 34:40and, and so you just have to kind of find who the person is
- 34:43at that firm that you need to, to talk to and, and then build
- 34:47that relationship. And the corporations you
- 34:50mentioned, one of the roles that you target as a chief strategy
- 34:53officer, I know what the word strategy means.
- 34:57I understand sort of the C-Suite level, but that's sort of a
- 35:01newer role for my brain. Kind of helped me wrap my head
- 35:04around what that is. Yeah.
- 35:06And you know, it can mean a lot of different things, but
- 35:09generally when I, when I the simplest way, especially in
- 35:14consulting to, to segregate strategy versus operations, I
- 35:22look at strategy more as top line growth, you know, things
- 35:26that are going to grow revenues. And that's why a lot of times
- 35:31corporate development can fall under there because acquiring a
- 35:34business is, is a great way to, to inorganically grow your
- 35:37revenue. Whereas operations, I tend to
- 35:41look at more cost cutting or operational efficiencies and
- 35:45things that are more impacting your bottom line.
- 35:48Now that that's not, they're not mutually exclusive that that's,
- 35:52that's a pretty simple tide explanation.
- 35:56But, but what I find in general is that chief strategy officers
- 36:01are responsible for growth. Business development.
- 36:05Business development, market entry, product, you know all
- 36:12things that are that are, you know, looking to grow the top
- 36:15line to grow revenues within a within a business.
- 36:19Gotcha. You mentioned earlier on in the
- 36:22interview that when you first started you, you were really of
- 36:25the mind that you needed to work for one of these big boys in
- 36:29order to establish yourself, get some St. cred.
- 36:32You no longer think that's the case.
- 36:34Why is that? You know, I, I guess when I
- 36:41having been inside there and, and, and been outside, I, I
- 36:44don't, I don't really know if they do great search work
- 36:47anymore, right? I, I think a lot of their, they,
- 36:50they rely on their brand now. Like, look, if you need a place,
- 36:54a board member or you need to place a, a CEO at a Fortune 10
- 37:02company, yeah, you're probably going to want to go to one of
- 37:04the, the big boys, right? Because they, they, they have
- 37:07that kind of knowledge, but most roles aren't like that, right?
- 37:10And, and you know, I, I, I don't think they've adapted
- 37:14effectively to the times. I think they're a little bit
- 37:19beholden to their partner structure who they don't want to
- 37:24change because they're making a lot of money, right?
- 37:28And it's just it, you know, they, if you look at how they
- 37:32did bit, how they've changed the way they do business.
- 37:34And since LinkedIn was hit the market, it's probably not very
- 37:39different. You know, their, their business
- 37:41model has not changed, right? So it's kind of hard to to, to,
- 37:49to continue to retain market share And they and they have
- 37:52been losing market share. There's been a few private
- 37:55equity back players that have grown pretty significantly, you
- 37:59know, true search ZRG that are, that are literally knocking on
- 38:05the door of Egonzander in terms of revenues.
- 38:07And these companies were, you know, 10 years ago, they were my
- 38:12company size, right? I mean, these these weren't big
- 38:15companies. And now these they're they're
- 38:17they're five hundred $600 million companies.
- 38:20So. Does ECA have intent or vision
- 38:24or hope to have a similar growth trajectory?
- 38:26Do you guys kind of feel comfortable?
- 38:28Where you are, Yeah, we're we definitely are.
- 38:31We want to grow right, Whether we're going to try to sell the
- 38:37business eventually or or whatnot.
- 38:39I mean that's, that's, that's the long term.
- 38:41I mean, we're, we're, I don't think we're necessarily very
- 38:44attractive at the size we are yet, but we're, you know, we've,
- 38:48we've grown pretty significantly just this year, which honestly
- 38:52it's been a bit of a down market and, and we've, we've hired and
- 38:57grown revenues, right. So we're doing something right,
- 39:01you know, and, and you know, there, I'm going to be talking
- 39:04with my CEO next week about, you know, what our, our growth plan
- 39:08is in terms, in terms of hiring and how we're going to support
- 39:11that. I mean, it, it's, I, I think
- 39:13we've cracked the code to a degree on, on what can make
- 39:16someone successful in this industry.
- 39:18And I'll tell you, it's not necessarily hiring someone that
- 39:22has a background in search, right?
- 39:25It's, it's, that's, that's not to say that we don't certainly
- 39:30some of our recent new hires that are, have been very
- 39:33successful to have a background in search, but it, it's almost
- 39:39unrelated, which sounds weird, but, but there's, there's,
- 39:43there's a lot of other factors. I think you need some, you know,
- 39:48probably one of the biggest thing you weren't, we're not a
- 39:50big company that supports like personality tests or things like
- 39:56that. But one of the things that we
- 39:57really like to do is, is, is look for people that feel more
- 40:02in charge of their destiny versus fatalistic.
- 40:06And, and, you know, those people also tend to be a little more
- 40:08entrepreneurial as well. We, we tend to have more success
- 40:13with someone that is scrappy, that has, that has failed even
- 40:20even like failed entrepreneurs, you know, those, those can be
- 40:23really, really great people that we target and, and, and then
- 40:29like, it's, it takes time, right?
- 40:34So I don't care how good of a salesperson you are, no one's
- 40:38going to come and just like say, Oh yeah, here's 10 CEO searches,
- 40:42right? You have to build relationships.
- 40:45You have in a Tate, It takes time, years, right?
- 40:50I tell people a minimum 2-3 years before you're going to be
- 40:53making the, the, the, you know, you're going to be making the
- 40:56money that you really want to, right?
- 40:58But you got to put your head down.
- 40:59You got to do it. And you got to take the calls
- 41:01and you got to, you got to learn our processes.
- 41:04I mean, there's certainly different ways that that's
- 41:06probably another thing that I would mention is, is people that
- 41:09are, are open to feedback. You know, we, that's one of our
- 41:16values is we, we are a culture of feedback and, and you know,
- 41:22we have a way of doing things. We know that there are other
- 41:25ways to do it, but this is the way we do it and it's been
- 41:28successful for us. And, and, and we expect people
- 41:31to kind of embrace that and learn those those methods.
- 41:35Let me shift gears on you, Jason.
- 41:36I wouldn't be curious to hear about a particular challenge
- 41:40that you have overcome either, personal and professional.
- 41:44I don't know what it was, how you worked.
- 41:46Yeah. Some of the lessons coming out
- 41:48the other side. Yeah, probably the biggest
- 41:50thing, personal thing that I've dealt with and it will
- 41:53personally and professional thing that I've I've I've dealt
- 41:55with is, is coming out of the military.
- 42:00I had had fairly bad PTSD, right.
- 42:08I'd been to combat, I'd lost friends.
- 42:10I had, I had seen death and it wasn't.
- 42:17And even though I think even back then there was a lot of
- 42:19talk about it, it was still a little bit taboo to ask for
- 42:25help. It was a little bit like, hey, I
- 42:30should be tough enough to deal with this.
- 42:33And it, it, it ate at me for a while.
- 42:36And, and I, I, I still think there's a bit of a taboo against
- 42:43mental health. I mean, you see a lot of the,
- 42:45the kickback that happened when Simone Biles dropped out for
- 42:50mental health reasons, right? And, and like, so learning to
- 42:57accept that, learning to get help, to get counseling, to get
- 43:01on medication, to do those things has, has made me just
- 43:07like such a better person and, and, and happy and content.
- 43:15But it wasn't, you know, because, because now when I have
- 43:19that combined with my experiences, you know, I'm a
- 43:23very patient leader. Not a lot rattles me.
- 43:27It, it, it takes, it takes a lot to, to get me upset.
- 43:33And, and that's qualities that I think you want an an executive,
- 43:39right? I mean, yeah, a lot of times the
- 43:42hot head, you know, makes the Jack Welch type, makes the the
- 43:46headlines or whatever. But but you know, if you've read
- 43:50good to great, you know, you know that most successful
- 43:54executives are not that person, right?
- 43:58So, so yeah, that's that's probably the biggest thing that
- 44:02I've I've struggled with with PTSD and, you know, I've had a
- 44:05lot of soldiers that struggle with it too.
- 44:07And, and, and you don't have to see combat to, to deal with it,
- 44:12you know, to have PTSD. But I, I, I, I think what you,
- 44:15you need to acknowledge it and you need to seek out help
- 44:19because it's not something that you're going to be able to, to
- 44:22do on your own most likely. Do you feel like you were this
- 44:27calm, level headed person before the military experience and then
- 44:31you went through the trauma and you had to get back to where you
- 44:35were? Or do you think where you are
- 44:38now would not have been attainable if you hadn't gone
- 44:41through the hardships and had to work your way through them?
- 44:46I don't think the hardships really had to do with my ability
- 44:53to to deal with stress. And I think I think I kind of
- 44:56had that. I certainly think the military
- 45:01help me to develop that muscle more to an extent, but I do
- 45:06think that the trauma and the depression that came with it
- 45:12made me a very angry person and very combative.
- 45:17And I lost, I lost friends. I, you know, I pushed people
- 45:24away and it wasn't, I was just in a bad place.
- 45:31Yeah. So sitting answer your question.
- 45:35I, I, I don't necessarily think the two are connected, but
- 45:41certainly if you didn't have those skills of being able to
- 45:44deal with pressure, being able to deal with like you're
- 45:47probably leave the military with them because the military is
- 45:50very good at forcing you into those situations for sure.
- 45:56Did you find yourself in sort of this dark, depressed state as
- 46:02soon as you left the military, or was there some gap before
- 46:07things started to kind of turn for you?
- 46:10It was when I came back from Iraq.
- 46:12So I was still in the military and, and I was still in the
- 46:16military when I started to have these issues.
- 46:20You know, there was, you know, I was prone to getting into
- 46:24fights. I was prone to, you know,
- 46:27probably, you know, I was young at the time.
- 46:30So a lot of times we would go out drinking, but I I was
- 46:33probably drinking too much, you know, and not I mean, you know,
- 46:37but was also, I was living in Germany and the beer was really
- 46:40good. So hard to but but but yeah,
- 46:45that, that happened before I got out of the military.
- 46:48But then when I got out of the military, you know, probably a
- 46:52lot of the warning signs and stuff weren't people weren't as
- 46:58familiar with them, you know, because I wasn't with I, I
- 47:03brothers and sisters in arms anymore who probably would have
- 47:06recognized some of the signs earlier.
- 47:09People probably were just like wise.
- 47:11Why is Jason so irritable? You know, why is he, why is he
- 47:14so grumpy? You know, I remember we were
- 47:19doing a. A recreational league, like
- 47:28through work, I had signed us up, I think it was football or
- 47:31something, flag football and like about but I got a bunch of
- 47:33colleagues from work to do it. And I remember like a bunch of
- 47:37them showed up late or something or whatever.
- 47:38And I just, I like just blew up on them, right.
- 47:41And these are just these are my Co workers.
- 47:43These are the people that are out there having fun.
- 47:44And I'm sitting there like lecturing them and like, like
- 47:47looking back, you know, I, I think, you know, I, I, I kind of
- 47:54wish one of them had, had pulled me aside and said, hey, what's
- 47:56what's going on? But they probably didn't, you
- 47:59know, they weren't familiar with it either.
- 48:00They weren't, they weren't sure what was going on.
- 48:02So, so, so yeah, it was, it was, it is something that I think is
- 48:11still under appreciated, is obviously something that the
- 48:15people in the military are still very much struggling with.
- 48:18You know, suicides are still a huge issue with, with both in
- 48:24the military and with veterans. So, you know, if I'm, if I'm
- 48:29given a platform, I'm happy to happy to kind of talk about it
- 48:32and, and, and urge people to, to get professional help and.
- 48:37For somebody who's listening and thinking, that's me, I don't
- 48:41know what to do. I don't know what the first step
- 48:43to take. What would you tell them?
- 48:46Well, if you're in the, if you're in the military, you're a
- 48:48veteran there, there are a lot of resources through the VA and,
- 48:51and, and I think, you know, the VA gets a bad rap a lot of times
- 48:55and deservingly so. I mean, there were, but, but I,
- 48:59I, I think they've done a lot to improve it.
- 49:02And I also think that that there's a lot of nonprofits and,
- 49:06and hotlines and whatnot that, that can, that can help you talk
- 49:10or, or get you in into the right, the right steps.
- 49:13But you know, the, the first thing I would say is go to a
- 49:16therapist, right? I mean, whether you have health
- 49:21insurance or not, you know, there's, there's, there's now
- 49:24there's, there's apps like better help that make that make
- 49:29it very accessible. You don't even have to leave
- 49:31your home. You can do it on on your
- 49:32computer, but that, but that would be the first thing.
- 49:36Go seek professional help through a therapist.
- 49:40Start talking through some of your problems.
- 49:42They're going to help to to one, help you with frameworks to deal
- 49:46with things, but they're also going to be able to say, Hey, I
- 49:48think you need to go talk to a psychiatrist because because you
- 49:51might need some medication, right?
- 49:54And I think there's a bit of a taboo against that too.
- 49:58I mean, admittedly, I kind of have that too, like still right,
- 50:03that I wish I wasn't on medication and I wish, you know,
- 50:06and my my son, we were talking that he might have ADHD and
- 50:10we're very hesitant to medicate him as well.
- 50:12So there's, there's even stigmas that that meet with someone that
- 50:15has been diagnosed with depression that that still has
- 50:18against that. So I know it's not easy, but we
- 50:22only got this one life, right? So.
- 50:24Let's make the most of it, yeah. Was there a particular moment in
- 50:28time that something happened? Was a trigger that said OK I
- 50:33finally need to get help with this?
- 50:37Was it more of a gradual? Awareness, I think it was more
- 50:39of a gradual awareness and just realized that like, I was not
- 50:43dealing with things well and, and, and, and that I was
- 50:47unhappy. And then I, I actually reached
- 50:51out to a friend of mine who was a, who, who is a therapist and
- 50:57she was the one that I recommended that I, that I talk
- 51:00to someone and get help. And, and I did.
- 51:02And I found a great therapist to help me immensely.
- 51:07And we couldn't have been more different people, but, but he
- 51:14was, he was amazing. He was amazing.
- 51:16And, and then, yeah, he sent me to a psychiatrist and, and, and
- 51:20so on. So it was, it was beneficial.
- 51:23Yeah, I'm really glad that we spent a few minutes to give
- 51:26voice to this because I, I think your story is even if you cut
- 51:31out the military, part of it is a lot more common than some
- 51:34people realize. You know, you, you struggled
- 51:37with some really serious things. And as you, you know, pointed
- 51:41out, you certainly don't have to have a military background to
- 51:43have, you know, some trauma or some things to work through.
- 51:46And here you are. You're a person that you work
- 51:49through those things. You've got some medication,
- 51:52you've got some professional help.
- 51:54Wow, what a difference it's made.
- 51:55And even still in your mind that there's still that stigma cloud
- 52:00that sort of that sort of sits there.
- 52:01And for somebody who maybe hasn't made that decision yet
- 52:05to, to seek some professional help, imagine how much bigger
- 52:08and heavier that stigma cloud is for them.
- 52:11Yeah, yeah. I, I, I think a lot of times
- 52:15and, and not to generalize, but, but I, in our culture, I think a
- 52:19lot of times it can be worse for men, right?
- 52:21Because because you're seeing, you know, our culture is 1,
- 52:27where you're, you're supposed to be strong, you're supposed to
- 52:30be, you know, and this is, this is you admitting that you have
- 52:33weaknesses, that you have things that need to be worked on, that,
- 52:37that you need help, right? So part of that I think is
- 52:41cultural, which I think at least in my lifetime, I've seen a
- 52:44shift. I mean, I don't think we're,
- 52:46we're there yet, but you've certainly seen a shift where it,
- 52:48where it's been more accepted. It's where, where men are
- 52:51allowed to be vulnerable, you know, more so than they were.
- 52:55I, I still remember when my grandmother passed away and my
- 53:00dad had us leave the room because he didn't want us to see
- 53:03him cry, right? You know and you know.
- 53:07So it's just. When when Now you know if I
- 53:13would hope you know some a father of today would be like
- 53:15that's actually a really helpful.
- 53:17Thing for my son to yeah he he needs to see.
- 53:20That that's OK, Yeah. That it's healthy.
- 53:23I would. Agree.
- 53:24I would agree. How about would he give any call
- 53:27outs to maybe some mentors or books or other professional
- 53:32experiences that have been helpful in your career or your
- 53:35personal growth? Yeah, I mean, I mean, first and
- 53:42foremost, ATA Tarki, who's who's the founder of my my VCA, very,
- 53:50very smart guy. You know, sometimes you just
- 53:52meet people and you're just like, man, that guy's really
- 53:56smart. He he's one of those people,
- 53:59right? But, but he is, has always
- 54:02pushed me, has always given me the, the, the rope to hang
- 54:07myself with, so to speak, you know, and, and been supportive
- 54:11when I've, when I have made mistakes and, and helped to, to
- 54:15kind of coach and mentor me. I've, I've, I've always really
- 54:17appreciated, appreciated his, his support.
- 54:21Earlier on in my career, I had, I worked at a company called
- 54:26Constellation Energy, which I think I mentioned earlier with,
- 54:28with, with Phil O'Connor. But my boss there was, was a
- 54:31woman by the name of Julie Hextel.
- 54:34She was such a great mentor for someone to, to teach people
- 54:40business, right? Because like you come out of the
- 54:43Army and you know, you're, you're probably way ahead of
- 54:46your peers in terms of leadership and, and project
- 54:51management and dealing with, you know, competing priorities and
- 54:56the, the things that we've touched on, but you're way
- 54:59behind and things like sales, customer service, finance,
- 55:05right? Just stuff that like you're not
- 55:07familiar with. And I had not gotten my MBA yet
- 55:09at the time. And she was very, very helpful
- 55:14in, in mentoring me and teaching me that.
- 55:16And, and, and just, and she was a very good leader, right?
- 55:20I mean, I, I was fortunate that I served with some great leaders
- 55:23in the military, But you know, she put a lot of them.
- 55:25She was, she was up there, you know, she was, she was very
- 55:29compassionate. She was very good at reading
- 55:31people. She was very good.
- 55:32I mean, she was, she's a trained attorney, so that probably
- 55:34helped. But but yeah, she was, she was
- 55:38great. And if I had to plug a book, my,
- 55:44one of my favorites is still, it's an oldie but goodie.
- 55:49How to Win Friends and influence people, which I still think is
- 55:53one of the best books on leadership out there.
- 55:56And I, I take a lot of those lessons with me to, to heart.
- 56:01And I actually actively teach it to my children too.
- 56:04I remember telling my son the other day, which is, which is
- 56:07one of his, his parables from the book with like, Hey, the
- 56:11fastest way to get someone to tell it to, to be against you is
- 56:15to tell them that they're wrong. Right?
- 56:18That that is, that is, that is one of the fastest because he
- 56:20was, he was doing that with one of his friends.
- 56:22And I'm like, that's not how you're going to convince him to
- 56:24come to your side. I'm telling you right now, bud.
- 56:27So write that one down. It's a good one.
- 56:30Yeah, one more question for you. But before I ask it, what's the
- 56:34best way for people to get in touch with you, Jason?
- 56:37I mean, I'm obviously very active on LinkedIn, so you can
- 56:41just, there's only one other Jason Blondstein that I know of.
- 56:44He's a professor at NYU. He's a lot smarter than me.
- 56:48So he's, I'm not that guy, but, but yeah, you can, you can find
- 56:54me on LinkedIn, Jason Blondstein or my, my e-mail at ECA Partners
- 56:59is, is Jay Blondstein at eca-partners.com.
- 57:05That's, that's another great way to, to, to get in touch with me.
- 57:08I'm I'm fairly responsive. Terrific.
- 57:10Last question for you, Jason. Yeah.
- 57:12What do you see the changes that are coming to your industry in
- 57:16the next couple of years? How do you see things unfolding
- 57:19here? That's a great question and I
- 57:25don't know if I have a great answer for that right now.
- 57:28I think if you would have asked me a year ago, I would have had
- 57:30a different answer. I mean, I would have, I
- 57:32definitely have seen the, the consolidation that's happening.
- 57:36I'm definitely seeing, you know, the trend of these smaller
- 57:39companies becoming bigger and bigger.
- 57:41I think AI is going to have to become a part of it.
- 57:44I just, I just haven't seen a tool yet that's done it
- 57:47effectively. But to me that, that could be a
- 57:51huge, I mean, if, if you can use AI to source candidate lists,
- 57:56like, and something about like even with us, like with someone
- 57:59from the Philippines doing it, they spent all day doing that.
- 58:03Like if you could, if you could have train AI to do that,
- 58:07that's, that's going to be a huge leg up.
- 58:10And I, I have not seen a tool like I said, that has done it
- 58:13effectively. If anyone knows.
- 58:15What you've looked at, you've looked at some and they just
- 58:17aren't doing what they. Yeah, they're just, they're just
- 58:20not there yet. And, and, but I think it's
- 58:23coming. I think it's coming.
- 58:26I also think that the industry is going to be, I think similar
- 58:32to what you're going to see with private equity.
- 58:37You know, we, we had, we had a boom period, right?
- 58:40You know, in the during the pandemic and well, the first few
- 58:42months of the pandemic, it was everyone thought the world was
- 58:45ending, right? But after that, it rebounded
- 58:48very fast. And, and especially 2021 was a
- 58:51gangbuster year from for a lot of executive search firms,
- 58:55right? And you could if if you weren't
- 58:57making money then, you know, I'm sorry, you're in the wrong
- 59:00industry, you know, but I think the bar to become an executive
- 59:06recruiter is pretty low. Yeah.
- 59:08You need really a phone and Internet access, right?
- 59:12And but I think a lot of those companies that that that were
- 59:17growing just because the economy was, I think they're going to go
- 59:20by the wayside. And I think there might be a
- 59:21little less competition. But I also think we're going to
- 59:24still probably be heading into into a period of consolidation.
- 59:29So we'll see. We'll see.
- 59:31Any chance that ECA Partners looks to do acquisitions on
- 59:35their side? We've talked about it.
- 59:38I don't think we're at the size that it would make sense yet.
- 59:41I mean we've we've talked about possibly getting getting maybe
- 59:45two to three times bigger than we are now and looking to do
- 59:48that. But, you know, I still remember
- 59:57my CFO put up a slide and we were talking about our hiring
- 1:00:00and, and, and how, you know, like here's a list of all the
- 1:00:03initials of people that we hired from within the industry and
- 1:00:06only one of them has worked out and it was JB.
- 1:00:09And I'm like, yeah, everyone knows who that is Brad.
- 1:00:11Like, like, you know, so we we just don't have as much success
- 1:00:17because our, because our process is different, you know, and, and
- 1:00:20people have kind of done it the same way.
- 1:00:22And and so and so they we don't necessarily have like the same.
- 1:00:26The same success it is and so and I, I don't know if that
- 1:00:29would change if we acquire a business that does things very
- 1:00:33differently right. So it's.
- 1:00:37TBD TBD internal growth might be the best way for you guys to go.
- 1:00:42Yes, yeah. And and that that's been, that's
- 1:00:44been the, that's our plan for now for sure, for sure.
- 1:00:50That, that, that'll be 2025 for sure.
- 1:00:53OK. For sharing both your time and
- 1:00:54your story with us today, I really appreciate it.
- 1:00:56No thank you. I I enjoyed the conversation.
- 1:00:59Enjoyed. Being on and and thank you for
- 1:01:00your time and you know, looking forward to continue the
- 1:01:05relationship here likewise, folks.
- 1:01:08That's a wrap on another episode of the Inspired Stories podcast.
- 1:01:11Thanks for learning with us today.