From the course: Forbes 400 Private Equity Leader Steve Klinsky (Thirty Minute Mentors)
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Turn lemons into lemonade
From the course: Forbes 400 Private Equity Leader Steve Klinsky (Thirty Minute Mentors)
Turn lemons into lemonade
- [Interviewer] Steve you've personally achieved so much success in your life. Your company has achieved such an incredible track record of success, but I wanted to ask you about a failure that might stand out to you and how you were able to navigate through it and what advice you have for our listener on how to manage failure? - [Steve] Yeah, well look, let me say, I mean we've had a very good track record overall. You always have. You always get buffeted and have hard times. So like I would say the worst situation my own firm faced is at the beginning. Now listen to that, 10 or 12 years ago as we were raising a big new fund. The very first company we bought and it turned out that their financial reporting, had all sorts of inaccuracies and I'm not going to blame, assign blame anyone but it was not what had been presented to us, and we were in a very deep poll on that company. Now you could say, everyone makes…
Contents
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The evolution of the private equity industry3m 21s
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(Locked)
Breaking into and succeeding in private equity3m 29s
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Investing in and growing businesses5m 46s
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Management and leadership6m 33s
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Risk management2m 3s
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Turn lemons into lemonade4m 12s
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Deciding to go out on your own1m 15s
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Solving problems and paying it forward3m 49s
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