Our weekly thoughts and general ramblings about everything related to business – from industries and investments to management and operations.

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Weekly Thoughts: Technical Debt

Here is something that caught our eye this week: Technical Debt Deliberate, Inadvertent, Reckless and Prudent We recently had an interesting conversation about Technical Debt with a rep from one of our industry ERP vendors.  In software development, coders will often take short cuts in the way they build their codebase in order to ship the product sooner.  While this might be the right business strategy in the early days when a company is trying to establish itself, gain customers, and generate initial revenue and earnings, the short cuts taken often limit the ability of the software to gain additional users beyond certain thresholds,

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Weekly Thoughts: What We Learned About Capital Allocation at the Canucks Game

Here is something that caught our eye this week: What We Learned About Capital Allocation at the Canucks Game We recently decided to pay down a large chunk of debt at one of our portfolio companies ahead of its scheduled amortization.  The company in question had a fantastic 2017 and generated significant excess free cash, which put us in the welcome position of having to determine the most prudent allocation of that capital.  Our options in this regard were relatively straightforward: we could (a) reinvest in our existing companies via capital expenditures or small tack-on acquisitions, (b) acquire other stand-alone

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