Future of Private Equity is Small Business (What You Need To Know) ft. Joe Tillman

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This week, Morgan DeBaun is joined by Joe Tillman of The Raine Group to delve into the realm of private equity and alternative investment. Joe is sharing his insights on the value of private equity and the importance of choosing the right advisor before embarking on this journey as an entrepreneur.

In this episode:
00:00 Introduction and Guest Welcome
00:56 How We Met: A LinkedIn Story
02:25 Joe's Journey: From Law to Private Equity
10:32 Understanding Private Equity
23:54 The Role of Advisors in Private Equity
28:20 Personal Reflections on Fundraising
29:51 Overcoming Limitations and Embracing Delegation
31:18 The Importance of Strategic Advisors
32:06 Evaluating Advisors and Their Responsibilities
33:51 Choosing the Right Advisor for Your Business
36:56 The Emotional Journey of Selling a Company
41:01 Understanding Market Dynamics
43:33 Adapting to New Financial Realities
48:44 Resources for Entrepreneurs
53:27 Final Thoughts and Encouragement

More from Joe:
https://raine.com/team-member/joe-tillman/
https://www.linkedin.com/in/joseph-a-tillman/
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Morgan and Joe start by exploring the nuances of private equity, emphasizing its relevance for entrepreneurs, even if they aren't currently considering selling. They distinguish between private equity and venture capital, highlighting the intricate data involved in private equity deals.
The conversation also touches on the significance of having advisors. Morgan shares her personal experiences, addressing the mindset challenges she has faced as a woman and person of color in accepting this type of support. They stress the importance of selecting the right advisors, especially in sensitive situations like selling a business.
Wrapping up the episode, Joe reflects on the current market landscape, noting that while things have changed post-pandemic, there is currently more movement happening in the middle market.
Understanding private equity is crucial for entrepreneurs, and Joe's expertise is sure to help you on your business journey. Tune in for insights on alternative investment, and be sure to share this episode with your team and other entrepreneurs who can benefit from this conversation as well!