# 13 Acquisitions and Why Permanent Capital Beats Private Equity | Chris Rolls of PieLab Capital Page: https://stenobird.com/podcast/buyers-and-builders-7306773/13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital Text version: https://stenobird.com/podcast/buyers-and-builders-7306773/13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital.md Podcast: [Buyers and Builders](https://stenobird.com/podcast/buyers-and-builders-7306773) Published: 2026-06-24T13:00:00+00:00 Episode link: https://www.buzzsprout.com/2489308/episodes/19395957-13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital.mp3 Audio file: https://www.buzzsprout.com/2489308/episodes/19395957-13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/buyers-and-builders-7306773/episodes/13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital Duration seconds: 2918 ## Resource Chris Rolls is the founder of PieLAB Capital, a holding company with nine portfolio companies built through 13 acquisitions. After building and selling multiple businesses, Chris entered private equity to learn the investing side of the game. But he eventually became convinced that the traditional PE model forces investors to sell their best businesses too early. That realization led him to build a permanent capital holding company inspired by Berkshire Hathaway, Constellation Software, Tran... ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/buyers-and-builders-7306773/episodes/13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/buyers-and-builders-7306773/13-acquisitions-and-why-permanent-capital-beats-private-equity-chris-rolls-of-pielab-capital.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.