Salvatore on SVB, how the .001% invest, building a key network and why being selective on investments and portfolio leaders is key

The Private Equity Podcast

Introducing Salvatore M. Buscemi

Salvatore M. Buscemi is the CEO and co-founder of Dandrew Partners - a private family investment office that has managed money successfully for almost 20 years by creating multiple portfolios on various cross-asset platforms. Sal is a frequent speaker and guest lecturer on real estate finance at professional symposia. He has written numerous books and articles on real estate and private equity finance in various publications, including Investor's Business Daily and Forbes, and on television shows such as CBS New York and Good Morning LaLa Land.

What You Will Learn
Ways VC Firms Can Improve Their Portfolio Company's Brand Awareness
What to Expect From Silicon Valley Bank's Abrupt Closure
How the .001% of People Invest

Breakdown

[00:47] Getting to Know Salvatore Buscemi
[03:35] Common Mistakes by PE Firms and Their Portfolio Companies
[06:25] How to Use Media to Bring Awareness to Your Portfolio Companies
[07:42] Only Investing in Companies with Strong Founders
[11:30] Recent Successes in Sal's Portfolio
[13:30] How to Top .001% Invest
[16:30] The Herd Mentality in Silicon Valley
[20:46] Why Not All Ideas Get Funded
[22:40] Venture Capital in a High-Interest Rate Environment
[25:33] VC Firms Focusing More on Quality Companies
[28:14] What More Expensive Debt Means For VC Companies
[30:40] Advice on How to Make Better Quality Investments
[34:54] Things Sal Likes and Dislikes About Private Equity
[36:24] Pari's Go-To Self-Improvement Resources
[37:25] Parting Thoughts 

How the .001% Invest
The .001% of people invest differently than the middle class. Anyone making $150,000 a year is in the 1%. Even though they essentially make a lot of money, they typically don't invest like the super wealthy. Why? Because they have a lot of debt, they are wage earners - so they can be fired at a moment's notice. Plus, they look at investing as a way to grow wealth in a short period of time. So, essentially their investment mandate is to get rich quick. In contrast, the top .001% focus on capital preservation and increasing status. You won't find them buying the latest Gucci shoes, but you will find them discussing how to buy a sports team or leave a permanent mark in the world.

Why You Need to Build Better Networks 
The people who have the worst investments have the worst networks. If all the people in your network are concentrated in one specific niche, that's a problem. According to Salva, you need to spend a disproportionate amount of time networking. This is the only way you can guarantee a healthy deal flow. Building a strong network of people can lead to new opportunities you may not have had access to otherwise. Your network can connect you with potential clients, employers, and other professionals who can help you grow your business or advance your career.  Whether you're looking for new opportunities, support, different perspectives, learning opportunities, or collaborations, you need a strong network of people. So take the time to invest in networking, meeting new people, attending conferences, and building meaningful relationships with the people in and out of your area of expertise.

How to Contact Sal

Salvatore's LinkedIn  ,Investinglegacy.com ,Investing Legacy: How the .001% Invest by Salvatore Buscemi