New private equity firm Think3 has $1B to take over companies that don’t quite reach “unicorn status,” but aren’t crashing and burning either — so founders can “stop wasting their lives.”
The fund targets middle-of-the-pack businesses in the “sweet spot” of $5m-30m in revenue, paying out 1-2x annual revenue in exchange for the company.
They then give those companies’ founders either $500k of backing with no equity, or $1m with equity, for their next venture.
Image: https://thehustle.co
