In #53, Michael and Simmy talk to Sieva Kozinsky, the founder and CEO of holding company Enduring Ventures. Sieva built two startups before reading a book about Warren Buffet and focusing his efforts on buying businesses to hold forever. In this episode, Sieva talks about his early ventures, why he doesn't believe in the venture capital model, the kinds of businesses he buys and looks to buy, competition, and learnings from Warren Buffet and more.
00:00 - Intro
05:30 - Sieva's Early Entrepreneurship Journey
10:13 - Mindset Shift: From VC to Cash Flow
15:28 - The Birth of Enduring Ventures
18:19 - Clinical Trials Business Explained
22:22 - The Playbook for Hold Co's
27:25 - Evaluating Business Opportunities
31:36 - Financing Small Business Acquisitions
36:13 - Ideal Businesses for Long-Term Holding
39:46 - The Sheperd Acquisition and Rebranding to Somewhere
#businesspodcast #podcast #entrepreneurship
