The go-to newsletter for entrepreneurs who want to build real enterprise value and durable businesses.
Weekly insights from building 17 companies and 9 exits.
No fluff. Just what works.
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Just finished recording a podcast with Vic Keller!
Vic founded multiple companies that were ultimately acquired by Berkshire Hathaway Automotive and spent years working alongside industry legends Cecil Van Tuyl and Larry Van Tuyl.
Since then, he’s gone on to found, invest in, and advise a wide range of businesses across industries.
A lot of wisdom packed into this one.
Also, a first for the podcast: lunch consisted of thick-cut Sicilian-style focaccia topped with roasted heirloom tomatoes, cherry tomatoes, mushrooms, herbs, and enough olive oil to make an Italian grandmother proud… :)
Looking forward to sharing it soon…!
Deal Maker is where pitches turn into partnerships. 🤝🏽
This year we had @vickeller & @BarbaraCorcoran the panel with me and it was killer! 🦈
Members pitched their business LIVE to the top investors in the industry.
The whole room got a masterclass in how business deals actually go down. 📊
Was talking to a successful ceo last week.
He told me he’s exhausted.
He’s not. He’s bored.
He already solved the hard problems. Now he’s operating below his edge.
That feels like burnout. It isn’t.
Don’t confuse boredom with burnout. (I’ve fallen into this trap)
Energy follows meaning.
@lindseyvonn There is a 110% chance you will recover and be as strong as ever. Rest easy in this @lindseyvonn - Jeremiah 30:17
“But I will restore you to health
and heal your wounds,’ declares the Lord.”
Week 12 of Releasing a new Song & Podcast EVERY WEEK! 🎶🎙️
Episode #178 of the Everything But Politics Podcast is out now featuring American Entrepreneur @vickeller !
Vic brings contagious, uplifting energy and shares powerful advice and wisdom that’s sure to inspire anyone who listens. Watch or listen wherever you get your podcasts! 🎥
And this Friday, February 27th, new Apollo Selene music is on the way. “Faithless Women” - the third single off our third album.
Wishing everyone a wonderful week! ✌️♥️
Had a great chat with @PrivatEquityGuy on the Buyers & Builders podcast, diving into deal-by-deal strategies, operator mindsets in the lower middle market, Buffett-inspired durability, and more from the acquisition world.
Real talk on scaling ops and building teams.
. @vickeller has built, bought, and scaled 17 companies, completed 9 exits (3 of them to Berkshire Hathaway).
He also scaled the largest manufacturer in the car wash industry.
Today, he manages it all with just 9 people on the team.
I hope you enjoy listening and learn a lot.
Show notes:
0:00 Deal-by-deal vs fund life
3:48 Operator Mindset in the lower middle market
8:10 Buffett lessons
18:36 Car wash playbook
23:46 Holdco structure
27:50 Recruiting A-players
32:17 Co-invest partners
36:22 Bigger deals
39:28 Debt vs equity
42:06 Founders: recap vs sell to PE
48:04 ETA/Search funds: post-close risk
55:10 People and investing in yourself
Founders stall because they’re still addicted to being useful.
At $5–$10M, being the fixer feels heroic.
You’re in every decision.
Every hire runs through you.
Every fire gets put out by your hands.
You call it “standards.”
But it’s really control disguised as care.
At ~$50M, the addiction has to change.
You don’t win by being needed.
You win by being replaceable.
You start building leaders instead of dependents.
You document judgment, not just process.
You design systems that keep working when you disappear.
That’s where real enterprise value starts.
The $1B founder doesn’t want to be needed or replaceable.
They want to be operationally irrelevant.
Not absent.
Not checked out.
Just… no longer required for motion.
If the business needs them daily, something is broken, and they know it.
So they fire themselves again.
No more fixing.
No more approvals.
No more “quick calls.”
They move up a layer:
• Narrative
• Capital flows
• Power structure
• Time horizons measured in decades, not quarters
They stop managing people and start designing gravity.
Being the fixer feels important.
Being the architect feels empty at first.
No dopamine pings.
No emergencies.
No one saying, “We can’t do this without you.”
Just leverage.
Most founders never scale not because they lack talent or ambition, but because they’re secretly addicted to being needed.
Freedom requires letting the machine work without your ego inside it.
So ask yourself honestly:
Are you protecting the business…
or protecting an identity that no longer fits?
You can keep being the hero.
Or you can build something that outlives you.
One caps income, the other creates enterprise value.
Which one are you actually choosing?