Hometown Holdco: Geography as Moat
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Sarah Chiles & Matthew Ferguson left careers in VC to buy the only auto repair shop for 35 miles in their native Aspen.
Topics in Sarah & Matthew’s interview:
Backgrounds in engineering and VC
Preserving local fabric by buying businesses
The “tackle shop” nature of businesses in small towns
Seasonality in a small resort town
Gaining the respect of employees
Vision of a hometown holdco
Crisis management when their operator left
Modernizing and restructuring the auto repair business
Finding out what…
The skinny
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