7 Years Later: Leaving Wall Street to Buy Small Businesses
The 3 founders of Chenmark left promising corporate careers to pursue a multi-decade path of acquiring small businesses.
Themes from the interview with James & Palmer Higgins:
Why the Chenmark founders decided to do this
Lessons learned from 30+ acquisitions
How the founding thesis is performing 7 years in
The value of an "extreme delayed gratification muscle"
Intellectual stimulation in corporate life vs. small business
Buying big vs. buying small
How has competition in search evolved over the last 5 years
Chenmark’s diversification strategy
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The skinny
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