Chase Murdock: From VC Founder to CEO of Holding Company and 4 SMB Acquisitions

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Summary

In this podcast interview, Chase Murdock tells the story of how he transitioned from launching a few venture capital backed companies to CEO of a holding company of 5 SMBs and making 4 SMB acquisitions. He offers valuable insights on the importance of doing what you love,  the value of relationships, and more!


SHOW NOTES:
00:00  Intro to Chase Murdock
02:20  The downside of VC backed companies
03:21  The accidental call to adventure to the world of SMB's
06:49  Producing more revenue from the first SMB versus the VC backed firm -but learning holistically 
10:10  Learning the avatar in a 0 to 1 environment - learning fast - Arrival fallacy
12:42  Finding the best business partner run a contest: who treats the other better
17:02  How he finances the acquisitions
19:15  His holding company thesis - no rich uncle - goal: 5X Love & Energy
22:29  How to become expert in growth in different niches
24:01  Finding and or promoting operators
24:57  Discovering how operators boost their productivity
26:28  How to prove to seller you can bring the resources to grow their business
27:33  The framework for how Chase works with portfolio companies
30:40  How to help the GMs break & scale
34:36  Who Chase goes to for personal growth
36:07  Working 60 hours at Holding Co. vs 60 Hours at VC backed companies
38:19  Sellers do not own equity in holding company
38:43  Is your success attracting money?
41:10  Why do you have imperative to grow at break neck speed (out of death zone)
42:17  Buy and hold or exit?
43:14  How he decided pay themselves from Free Cash Flow
44:40 Ernest Hemmingway mean to him