Is it good enough?
There are loads of great businesses out there. How do I figure out if a potential investment is good enough?
My first pass metric is to see how it stacks up against businesses I have recently committed to.
If it compares well, I will invest. If it compares poorly I won't. If it's in the mix, I will consider my volume and quality of deal flow and how fast I'm likely to allocate capital given that.
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