Approach

welding photo

Our decisions take into account honest and reasoned analysis, the results of which are measured by the achievement of customer experiences and investor returns. We judge our success by the positive impact we make on people and the communities in which we live. We aim to leave things better than the way we found them.

PHILOSOPHY

Some of QID’s guiding values are better captured in the words of others, including:

“Friend of honor, love of value or responsive gratefulness”

Philotimo (Greek φιλότιμο)

“Those friends thou hast, and their adoption tried,
Grapple them unto thy soul with hoops of steel…
Give every man thy ear but few thy voice.
Take each man’s censure but reserve thy judgment…
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.”
William Shakespeare, Hamlet, Act I, Scene III

“I believe in the dignity of labor, whether with head or hand; that the world owes no man a living, but that it owes every man an opportunity to make a living…
I believe in the sacredness of a promise, that a man’s word should be as good as his bond; that character – not wealth or power or position – is of supreme worth.”
The Rockefeller Creed

“Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a sturdy horse pulling the wagon.”
Winston Churchill

“Trust, but verify.”
Ronald Reagan

“If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowances for their doubting too…
If all men count with you, but none too much…
Yours is the Earth and everything that’s in it.”
Rudyard Kipling, If

“‘He gave me this advice,’ his companion replied. ‘Never travel with a friend who deserts you at the approach of danger.’”
Aesop, The Bear and the Travelers

“If I can see an ending, I can work backward.”
Arthur Miller

“Audentes fortuna adiuvat.”
“Fortune favors the bold”
Ancient Latin proverb

PROCESS AND TIMING

ORIGINATION

  • Open to owner/operators who have an idea or business needing capital
  • Participate selectively in advisory-managed situations
  • Prefer to lead, but open to co-invest participation, in which case our level of upfront assistance and ongoing governance varies

DUE DILIGENCE

  • Ranges between one month and six months, depending upon the nature of the asset(s) and opportunity, as well as any regulatory requirements
  • Is organized with the intent to be as unintrusive as possible
  • May utilize outside experts to assist specific areas of importance
  • Intensely focused on the alignment and incentives of the management team and employees who work tirelessly to achieve shared vision and goals

INVOLVEMENT

  • In some cases, serve as day-to-day management on behalf of a company we created or led as an investor
  • In most cases, designate directors or managers to a company’s board
  • Oversight of portfolio company management teams is through weekly calls/specific-purpose meetings, quarterly board meetings and/or annual investor meetings
  • Focus on what matters most – serving customers well and building enterprise value – for the long-term sustainability of a company and its assets
  • Seek to understand and supplement management’s activities in a way that does not interfere with the responsibility and accountability of management, yet provides contacts, resources, information and insights that might accelerate success

HARVEST PLANNING AND MONETIZATION

  • Each investment is required to have a specific investment thesis tied to a reasonable hold period by which payout or a return is expected to be realized
  • As economic, industry and market cycles change, management and owners will assess and re-assess monetization and/or financing strategies
  • Depending on the investment characteristics and participation levels, an investment group will be designed to match the business purpose and/or owners’ desired hold period; this translates periodically and potentially into investments in businesses with quality assets led by talented leaders that generate distributions to owners and do not necessarily require an exit; consequently long-term or generational value can be achieved