People don't necessarily think that private equity firms and entrepreneurs have much in common, but Derek McDowell, founder and managing partner of Boyne Capital, a Florida-based private equity firm, understands the pains of growing a business firsthand.
After working in traditional private equity firms, McDowell wanted to strike out on his own to implement his ideas on operations and growth strategies. When he started Boyne in 2006, he raised capital deal by deal, unlike firms that start with a large pool of capital. In this way, he built the firm as an entrepreneur, one deal at a time. He created a track record and grew the team-all while minding costs.
"We understand well the risks and challenges of being an entrepreneur. A lot of folks in our industry are value investors, focused on the price of a company. We see ourselves as value cultivators who can realize the potential of a company and get it to its next level," says McDowell.
GROWING VALUATIONS TOGETHER
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