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Why This Operator Won’t Raise a Fund (17 Companies, 9 Exits) | Vic Keller

Mike Markus ( ⁠https://x.com/PrivatEquityGuy ) talks to Vic Keller of Experience Ventures ( https://www.linkedin.com/in/vickeller/ ) about building 17 companies over two decades with 9 exits, having businesses acquired by Berkshire Hathaway, and his operator-first approach to building durable, people-driven companies - including a vertically integrated car wash platform spanning manufacturing, chemistry, and service/maintenance.

0:00 Deal-by-Deal vs Fund Life

3:48 Operator Mindset in the Lower Middle Market

8:10 Buffett Lessons + Durability

18:36 Car Wash Playbook

23:46 HoldCo Structure

27:50…

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