Ep. 24 Empowering Underrepresented Entrepreneurs: Eduardo Zaldivar on the ETA Model and Building Resilient CEOs
9/24/24
Welcome to the DO GOOD X podcast, where hosts Kimberly Daniel and Stephen Lewis dive into robust discussions with changemakers reshaping the future of entrepreneurs within Black and Brown communities. Today’s guest is Eduardo Zaldivar, Managing Partner at Mosaic ETA, an investment firm focused on empowering underrepresented individuals with the Entrepreneurship Through Acquisition model. Eduardo begins by explaining how ETA works and how it differs from private equity, highlighting the unique opportunities it presents. He discusses the importance of selecting the right person to back, emphasizing the role of grit and resilience for CEOs. He also delves into the success rates of startups versus ETAs and the risks involved in acquiring a business. In the resource roundup segment, Eduardo provides valuable tools and names influential voices in the industry.
In This Episode
- [1:24] Eduardo is introduced, and he explains what an ETA is and how it works
- [4:53] Eduardo explains the difference between private equity and an ETA
- [8:33] Eduardo speaks to knowing if a person is ready to be the CEO of a business, the importance of backing the right person, and how “grit” is essential
- [12:50] Eduardo shares what inspired him to co-found Mosaic and what type of person should pursue an ETA
- [17:47] Eduardo discusses percentages of startups versus ETAs that are successful and the risk factor of buying a bad business
- [22:42] Eduardo answers questions in the resource roundup segment, and he mentions searchfunder.com, Jim Sharp at Harvard Business School, AJ Wasserstein, professor of Management at Yale and Peter Kelly, an investor at Mosaic, the Women’s Search Network, the Black Search Network, Hispanic Search Network, Acquiring Minds Podcast and Think Like an Owner Podcast
- [29:38] Eduardo answers questions in the “Off the Cuff’ segment
- [38:04] Stephen and Kimberly share impactful experiences each have had with mentors and alums in the DO GOOD X community, and they site alums of the Accelerator Program that are thriving
Key Takeaways
- Buying a business from someone is like acquiring someone’s baby. They have birthed and grown the company; when you acquire it, you must continue to grow and nurture it. It is a full-time job, and you don’t get rich overnight
- If you are a black woman who made it to Harvard Business School and worked at an incredible firm, you are often the only person of color in the room. So grit is essential
- Mentorship is a significant component of the ETA model, and it can be challenging for minorities to get the proper mentorship they need. Mosaic provides that mentorship component
About The Hosts
Kimberly R. Daniel
Kimberly R. Daniel catalyzes entrepreneurs and organizations to do good. She is co-founder and project director of DO GOOD X, a community that provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive Change.
Kimberly also helps purpose-driven organizations clarify and design compelling brand and communication strategies. With over 15 years of experience developing and leading communications efforts, she is committed to producing effective processes and creating authentic, “sticky” brands that are community-centered.
In addition, Kimberly has nearly ten years of experience as a certified life coach and has facilitated workshops, spoken to communities, and written about innovation and entrepreneurship centered on social impact. She co-authored A Way Out of No Way: An Approach to Christian Innovation (2021).
She is deeply passionate about purpose, meaning, and the common good in any aspect of her work.
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Stephen Lewis
Stephen Lewis is the president of the Forum for Theological Exploration (FTE) and the creator and co-founder of DO GOOD X. This community provides programs and support for faith-driven social entrepreneurs whose businesses focus on positive change. He is an organizational change strategist and a leadership development specialist focused on inspiring the next generation of faith-inspired leaders and entrepreneurs to live and work purposefully. Stephen co-authors Another Way: Living and Leading Change on Purpose (2020) and co-authored A Way Out of No Way: An Approach to Christian Innovation (2021) with Kimberly R. Daniel.
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