We’re excited to welcome Shane Parrish to the adventur.es team.
Shane and I met almost five years ago when I interviewed him for Forbes.com, and we’ve been close friends ever since. Anyone who reads Farnam Street knows why I was attracted to the way he thinks. More than that, however, he’s one of the kindest and most thoughtful people I know.
When we considered next steps and what we needed, Shane was a perfect fit.
Shane’s joining us from an intelligence agency, having led some of the most impactful cyber security projects in recent memory. I think of him as a (very) nerdy James Bond, with a laptop instead of a gun. While we haven’t been luddites, Shane certainly adds a tremendous depth to adventur.es’ technology expertise. On a side note, he’s spent the last 7 years building one of the most popular websites in the world, in his spare time.
Shane is coming on as the Chief Operating Officer and Chief Technology Officer. He’ll be working with portfolio company leaders on ways to optimize and use technology more effectively, to improve our business processes, and to make acquisitions.
Where are we going?
While we believe the future is murky, we’re just trying to do our thing, our way — buy “Main Street” businesses at fair prices and help them improve.
By the nature of what we consider, there is an ocean of opportunities and more coming available daily. In fact, the next ten years will be the largest intergenerational transfer of private businesses in the history of the world. But we’re looking for the rarest needles in the biggest haystack: businesses that possess an unfair advantage, the capacity to grow, and a culture of doing things the right way. That’s why it’s no surprise that we only closed three deals last year out of over two thousand opportunities.
There are certainly others searching for the same opportunities and we try to stand out through our focus on fundamentals by:
- Thoughtfully responding to all inquiries within 48 hours;
- Doing what we say we would, when we said we’d do it, every single time;
- Developing win-win relationships not only for the existing owners, but also employees, customers, regulators, and the local community.
- Holding ourselves to the strictest of ethics.
When I asked Shane why he wanted to join the adventur.es team, he said, “You all are one of the few groups that live your values. I want to be a part of that.”
We couldn’t be more enthused for Shane to join us in growing adventur.es.
- Brent Beshore
Shane is leaving adventur.es to build Farnam Street full-time. We remain great friends and adventur.es will be sponsoring Farnam Street in 2017. Here’s the backstory…
Shane and I had on-going discussions about his involvement in adventur.es for eighteen months before he joined us. Over that time, we saw clear alignments in core values and common aims, both of which turned out to be spot on. What we missed were the challenges of balancing a fast-growing media company in Farnam Street, with extremely intense acquisition processes and suboptimal geographies. Ultimately, it proved too difficult, something had to give, and the obvious choice was for Shane to focus on a once-in-a-lifetime opportunity to build a remarkable community of people trying to "make better decisions, create new ideas, and avoid stupid errors.”
While things didn’t work out how we expected, Shane and I are still close friends. The ultimate test of any relationship is how you handle adversity and we’re both pleased at how things turned out on a personal level. After getting a front-row view of what is brewing at Farnam Street, I couldn’t be more pleased for adventur.es to be a sponsor in 2017. What Shane and Jeff are building is nothing short of amazing, and I feel lucky that adventur.es can be a participant.