{"podcast":{"title":"The SMB Deal Hunter Podcast","slug":"the-smb-deal-hunter-podcast-7541224","podcast_index_feed_id":7541224,"rss_url":"https://feeds.transistor.fm/the-smb-deal-hunter-podcast","website_url":"http://join.smbdealhunter.xyz","image_url":"https://img.transistorcdn.com/ryVS_4EnnsoNc7YOE4bH5mBUjGvES7GhKayukwR4fuM/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZGJh/YTEwNmZhZTcyYWJk/OWU0OGM3MDM2Mzcy/MmUxNy5qcGVn.jpg","author":"Helen Guo","episode_count":104,"summary":"Every week, Helen Guo interviews successful acquisition entrepreneurs, independent sponsors, and investors who have acquired businesses. Learn how to buy a business rather than starting one from scratch from those who have done it themselves.","last_synced_at":"2026-07-14T08:20:23.718235+00:00","page_url":"https://stenobird.com/podcast/the-smb-deal-hunter-podcast-7541224"},"episode":{"title":"His Business Is Boring, But It Returns 50% a Year","slug":"his-business-is-boring-but-it-returns-50-a-year","published_at":"2026-04-10T18:38:06+00:00","page_url":"https://stenobird.com/podcast/the-smb-deal-hunter-podcast-7541224/his-business-is-boring-but-it-returns-50-a-year","show_page_url":"https://stenobird.com/podcast/the-smb-deal-hunter-podcast-7541224","url":"https://share.transistor.fm/s/b5c627e7","audio_url":"https://media.transistor.fm/b5c627e7/7f927237.mp3","summary":"Greg Geronemus went from Goldman Sachs to Harvard Business School, where he stumbled into the idea of buying a small business instead of starting one. He and his partner David Rosner raised $550K in search capital, built a database of 30,000 companies, and spent nearly two years searching for the right deal. They signed one LOI. It was for a business that checked none of the boxes: an old-fashioned B2C tour operator sending baby boomers on group trips around the world. He bought it for $29 million at under 5x with a 50% seller note at 4%. Four years later, he sold to a private equity firm. Nearly 50% annualized returns. Almost 5x net to investors. Today, he runs Footbridge Partners, investing in the next generation of searchers.","meta_description":"Greg Geronemus went from Goldman Sachs to Harvard Business School, where he stumbled into the idea of buying a small business instead of starting one. He…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4946,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-smb-deal-hunter-podcast-7541224/episodes/his-business-is-boring-but-it-returns-50-a-year/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-smb-deal-hunter-podcast-7541224/his-business-is-boring-but-it-returns-50-a-year.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}