28: Brent Beshore, Founder and CEO at adventur.es

In an age of speed, overstimulation and FOMO, it’s easy to get caught up in the latest tech trend. This mindset doesn’t discriminate and is often most pervasive amongst the most sophisticated people in the world. Over the past year, I’ve had a number of conversations with Fund LPs and often I hear comments like “What crypto investments should we make?”, “When will VR take off?” and my favorite “Did this fund invest in a scooter company yet?” It would be naive to write off any of those sectors and think that massive value won’t be created by the winners in those spaces. What I find most interesting though is how little airtime we give to the massive sector of value creation that lives and breathes on the complete opposite side of the spectrum. These are not the businesses that will 10,000x their value in 5 years, but they are ones that print material and consistent cash flow over outsized periods of time. Or as our guest in this episode likes to call them: “boring businesses.”  Brent Beshore is the Founder and CEO of adventur.es, a extremely unique PE firm in Columbia, Missouri. Brent has raised $50M of capital for his fund and partners with entrepreneurs with the intention to never sell his ownership stake. We chatted at length about boring businesses, evaluating fads vs. trends and some of his biggest philosophical learnings from looking under the hood at over 12,000 companies.  It was a pleasure to have Brent on the show. He’s undoubtedly a sharp investor, but he has a refreshing amount of empathy which I appreciate the most.