Alex and Leila Hormozi proudly introduce Shiron Servata as their partner at Acquisition.com, marking the first time they've brought in a partner. They express excitement about this new chapter and the culmination of over a year of planning.
The speakers discuss how their friendship with Shiron evolved over six or seven years, highlighting his role as a trusted confidant, especially during significant business decisions like selling the company.
They delve into Shiron's background, including his success in real estate, private equity, and venture capital, illustrating how his diverse expertise complements their existing skills in marketing, brand building, and operations.
The conversation shifts to how the idea of working together originated, from initial discussions about bringing Shiron onto the board to the eventual decision to form a partnership.
Shiron shares his personal journey, detailing his experiences as an immigrant, his early startup ventures, his time as a professional tennis player, his education and career at Goldman Sachs, and his success in building billion-dollar real estate companies. They emphasize his unique qualifications and track record.
They introduce the metaphor of 'barrels' to illustrate the importance of having individuals who can effectively utilize resources and drive results, emphasizing that Shiron's addition brings another high-capacity 'barrel' to the team.
The speaker's talk about the importance of shared values and genuinely enjoying working with partners. They also note not one time in the whole process did Shiron ever feel doubt.
The speakers discuss that because of the depth of the relationship, the deal terms of making Shiron a partner were made very easily and graciously.
The importance of getting a return on time and the advantages of having people with high leverage time in the organization are discussed. They touch on the significance of avoiding overexpansion by ensuring enough 'barrels' and talent are present.
They emphasize the fact that the potential of a business is based on the aggregate skill set of people who are contained within it. By adding more people, you increase the capacity for business.
Alex states, from a feeling perspective, things now feel 'lighter'. Shiron is making everything feel lighter, which allows Alex to have more time and bandwidth. The speaker then touches on how to properly bring someone onto the team.
The discussion covers Shiron's onboarding process, characterized by his proactive approach to meeting every team member and understanding the company culture from the ground up, the bottom up approach. Leila had also written out a onboarding plan, which made him feel welcome and secure.
The speaker's discuss that when delivering artifacts as soon as possible, and having impacts, the more confidence people gain in you.
The speakers touch on the progression of the company. The speaker states that the company originally began as just helping themselves but that now they want to help not only theirselves, but those who listen, and the listeners directly.
The speakers touch on the fact that company is the people where the destination is not a grind. There is also a content change and that instead of niche content, Shiron will be talking about what to do day to day.
They describe how Shiron's unique combination of skills, experiences, and values makes him an ideal partner, emphasizing the difficulty of finding someone with a similar profile and the importance of shared values in their decision. They close by expressing their excitement for Acquisition.com 3.0 and the opportunities that lie ahead.