Behavioural

Question 1

Something you’ve been reading about in the news

Answer 1

• In business, its pretty common to think about debt service coverage ratios and understand that cost of financing is one component, the cyclicality of earnings is another
• Interesting thing to think about, on the personal side concerned about increases in debt service costs, tend to focus on the cost of interest. Not amount of income.
• Just something to think about in general. Often when people think about ratios, they tend to ignore either the numerator or denominator.

Question 2

Something you’re curious about

Answer 2

identifying, managing and cultivating high performing teams

Question 3

How would you think about a software business, what are the metrics that matter

Answer 3

returns on capital, churn rates, subs, number of licenses per user, saas vs. perpetual license (how that differs, recognition and timing of revenue), R&D, sales and ebitda per employee, how the company sells, eg. Through value-add distributors, direct, etc.

Generally, like to think about the unit economics, whether a per bed, per seat, per well, 4 wall economics etc

Question 4

What industries do you specialize in?

Answer 4

Generalists, gravitate towards entreprise software, high quality industrial, interest in b2c but tougher to understand fads etc.