Teamshares CEO Michael Brown on Why Going Public Is Just the First Inning
Teamshares CEO Michael Brown is on a mission to address one of the biggest problems in the American economy. Millions of small businesses are owned by Boomers and Gen X approaching retirement, and most will never find a buyer. Teamshares buys these businesses from retiring owners. With more than 90 companies acquired across 30 states, over 500 million in revenue, and a Nasdaq listing on the horizon, Michael is proving that the small business economy deserves a better solution.
What You'll Learn:
How Teamshares actually works and why the model gets stronger as it scales
What nearly 100 acquisitions have taught Michael about small businesses that most people don't see
Why going public changes everything for Teamshares and why Michael says it's still the first inning
How he built through COVID and the 2022-2023 rate shock without losing conviction
The long-term mindset behind building a company with a 200-year plan
Chapters:
01:30 Michael's Childhood
04:04 What Is Teamshares
07:44 Why Going Public Is Just the Beginning
15:30 Lessons from 90 Acquisitions
18:50 The Future of Teamshares
28:19 The 200-Year Mindset
32:25 Building Culture at Scale
36:00 Leading Through Market Shocks
37:55 Quickfire
Follow Teamshares:
Website: https://www.teamshares.com/
LinkedIn: https://www.linkedin.com/company/teamshares/
X: https://x.com/Teamshares
Follow Inspired:
Website: https://www.inspiredcapital.com/
LinkedIn: https://www.linkedin.com/company/inspired-capital-partners
X: https://x.com/InspiredCap
Instagram: https://www.instagram.com/inspiredcapital/
Substack: https://alexavontobel.substack.com/
Important Disclosures and Disclaimers
This podcast episode features a discussion with Michael Brown, Co-Founder and CEO of Teamshares, Inc. (“Teamshares”), and Alexa von Tobel, Founder and Managing Partner of Inspired Capital. Ms. von Tobel and Inspired Capital are existing investors in Teamshares and may have a direct financial interest in the outcome of the proposed business combination described below.
Proposed Business Combination. Teamshares has entered into a definitive agreement for a business combination with Live Oak Crest Acquisition Corp. (“Live Oak”), a special purpose acquisition company. In connection with the proposed transaction, a registration statement on Form S-4 (the “Registration Statement”) has been filed with the U.S. Securities and Exchange Commission (the “SEC”). This podcast does not constitute an offer to sell or the solicitation of an offer to buy any securities. For important information about the proposed transaction, including where to find the Registration Statement and other legal disclaimers, please refer to the press release available at https://www.businesswire.com/news/home/20260403515446/en/Teamshares-and-Live-Oak-V-File-S-4.
Clarifications. References to Operating EBITDA throughout refer to Pro Forma Operating EBITDA, which includes pre-acquisition results of acquired businesses as if they had been owned for the full year. References to “Corporate EBITDA” throughout the episode refers to 2025 Pro Forma Adjusted EBITDA. Investors should review the full set of assumptions and risk factors accompanying these metrics in the Registration Statement, including a full reconciliation of any non-GAAP measures.
