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.”
Ted Bradshaw talks about the 6 essentials of purpose.
Mark talks with Zach about how entrepreneurs can get out of their own heads.
Casey combines his faith and business accumen to help entrepreneurs fine tune their businesses.
Kelly Knight is the President of EOS Worldwide and has a massive track record of showing entrepreneurs how to process their vision.