THE $92B SILENT EMPIRE

10 Sep 2025 • 44 min • EN
44 min
00:00
44:48
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This conversation explores the remarkable journey of Mark Leonard and his creation, Constellation Software, which has grown from a modest $25 million investment in 1995 to a $92 billion empire through a unique acquisition strategy focused on vertical market software companies. Leonard"s approach emphasizes patience, discipline, and a decentralized management structure that empowers individual business units while maintaining rigorous financial standards. The discussion highlights the importance of long-term thinking, frugality, and the cultivation of a strong company culture that values autonomy and stewardship over short-term gains.

From "Top M&A Entrepreneurs"

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