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Brad Jacobs says his teams have raised about $50 billion in total capital to fund acquisitions and organic growth.
“We've raised about $50 billion in total capital to fund M and A and organic growth.”
Topic
Brad Jacobs
17 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
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Brad Jacobs says he starts companies from scratch and turns ideas into billions of dollars of value.
“I start companies from scratch, assemble teams capable of extraordinary success, and turn abstract ideas into billions of dollars of tangible value.”
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David Senra says two QXO shareholders learned of Brad Jacobs through his podcast episode and have since invested $750 million in QXO.
“Heard the episode, decided to look into this Brad Jacobs character and have since invested $750 million into Brad's company.”
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David Senra says Brad Jacobs started eight separate billion-dollar companies.
“He started eight separate billion dollar companies, and he has some of the most positive, maybe the most positive, infectious energy of any human I've ever been around.”
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Brad Jacobs says being a public company gives access to capital without coupons, covenants or usually board seats.
“It gives me deep access to capital markets on non-o onerous terms, no coupons, no covenants, and usually no board seats.”
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Brad Jacobs says he generally avoids private equity money but has made four exceptions that turned out well.
“I generally avoid taking money from them. However, I've made four exceptions, and all four have turned out very well.”
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Brad Jacobs says most hedge funds that invested in QXO sold the stock as soon as they were allowed to.
“Hedge funds will tell you they're long-term investors and go on about alignment and conviction. But in my experience, most of them flip the stock as soon as the share price goes up.”
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David Senra says Brad Jacobs usually targets a debt leverage ratio of about one to three times.
“he usually targets a debt leverage ratio of about one x to three x.”
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Brad Jacobs says he negotiates unrestricted access to an acquisition target's employees from signing.
“I negotiate explicitly for unrestricted access to the company from the moment we sign an agreement.”
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Brad Jacobs uses a three-question employee survey asking what works, what needs fixing, and the best idea to improve the company.
“Number one, what's working really well? Number two, what needs fixing? And number three, what's your single best idea to improve the company?”
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Brad Jacobs assigns each integration line item to a single accountable owner he calls a 'throat to choke'.
“Each one is assigned a single throat to choke, an owner who is personally accountable for the outcome on a firm completion date.”
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Brad Jacobs says he has seen org charts with nine layers between the customer and the CEO.
“I've seen org charts where there are nine layers between the customer and the CEO. That's bureaucracy.”
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Brad Jacobs says his former chief operating officer Waylon Hicks used to say 'a fish rots from the head'.
“Waylon Hicks was fond of saying that a fish rots from the head”
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Brad Jacobs says he has been a CEO and entrepreneur for forty-six years.
“Throughout my forty six years as a CEO and entrepreneur, I've discovered that maintaining a clear, balanced mindset is essential to strong leadership.”
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Brad Jacobs says he began transcendental meditation at age sixteen and has meditated twice a day for decades.
“I began transcendental meditation TM when I was sixteen years old.”
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Brad Jacobs cites psychologist Albert Ellis as saying we are all fallible, flawed human beings.
“Psychologist Albert Ellis nailed it when he said, we're all fallible, fucked up human beings.”
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Brad Jacobs says Albert Ellis's rational emotive behavioral therapy taught him to reframe rigid demands as flexible preferences.
“Ellis taught me to reframe rigid demands as flexible preferences, to aim high but not crumble if I fell short.”
Episodes