David Mann is a guy who’s got a lot of experience as an individual, as a competitor, and as an investor, with a time-tested level of virtuosity. He co-founded the Indiana-based venture capital firm Spring Mill Venture Partners that focused on early stage information technology and life sciences companies. After this stint, he co-founded The Firefly Group, which focuses on investing in growth-oriented lower-middle market companies. He also serves on a number of non-profit boards and spends his spare time as a faculty member at Indiana University, Kelley School of Business.
Oftentimes, private equity is shrouded in a negative reputation, where making cold hard cash sans the human element is said to be put on the forefront. But these days, that’s far from the truth. Today, I am joined by investor-entrepreneur David Mann of The Firefly Group on how their company successfully acquired EOS Worldwide and to take a crack on the long-standing myths about venture capital firms, the importance of core values, finding purpose in business, and raising money.
9:18 Partnering with private equity is like a marriage
13:11 David talks about the decision makers and the processes in their venture capital firm
22:07 Raising money for your company
23:58 The landscape of buying and selling companies today
34:33 David shares his own core values story failure as a co-founder of The Firefly Group
37:16 Finding true balance in life and having time for fun
40:06 The importance of authenticity and vulnerability
42:09 Finding joy in the good and the bad
46:06 Business can be a tool to positively impact lives
55:17 David’s passionate plea to entrepreneurs
“Build your business on core values, live those core values yourself, and build your team.”
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Having passionate goals in mind is of no use if there’s no action and consistency to move towards them. It takes courage and grit, coupled with the walk-on mindset. Jim Roddy joins me on the show to talk about how ordinary people can accomplish extraordinary skills when their energy is channeled.