Who this is
Carlo Schmid wanted to become a professional footballer: at 14 he had an offer from Arsenal's academy, but his father insisted he finish school first. So Carlo completed the IB at a boarding school in England at 16, joined the TSG Hoffenheim academy and studied business in Mannheim on the side, finishing his bachelor's in three years. He then spent two years in investment banking at Merrill, led 80 employees for two years in his family's business, a dental clinic his parents built, and joined Cherry Ventures in Berlin. From Madrid, the hotspot for search funds, he founded Lineage, a Munich-based fund that invests in search funds. Wolfram Krauss is from Bayreuth, started glider training at 14 and got his pilot's licence before his driver's licence. He quit a very well-paid investment banking job to run his search fund. Together with his partner Daniel, a former consultant, he is looking for a Mittelstand company to take over and run themselves under the name Concordia Unternehmensnachfolge. Lineage has invested in the two of them.
Episodes
Numbers from the episode
Quotes
„Es ist viel schlimmer eine schlechte Firma zu kaufen als keine Firma zu kaufen.““Buying a bad company is much worse than buying no company at all.”
„Wenn du unter einer Million EBITDA kaufst, musst du dich, glaube ich, immer fragen, kaufe ich eine Firma oder kaufe ich einen Job?““If you buy below one million in EBITDA, I think you always have to ask yourself: am I buying a company or am I buying a job?”