One entrepreneur, not a fund
Present Capital is focused on acquiring one company that Mike will lead full time. The objective is long-term ownership, without a portfolio strategy or predetermined timeline for resale.
A long-term home for the business you built
Present Capital is seeking to acquire one business, operate it full time, and own it for the long term. The focus is on preserving what works and supporting the company through its next chapter.
One company. Full-time leadership. Long-term ownership.
What matters
Choose a successor who will care for the business the way you have
Respect for what works
The first priority is understanding what has made the business successful before determining where change may be useful.
Confidential and straightforward
Conversations are handled directly and confidentially. If there is a fit, Mike will move with focus and transparency. If not, he will say so promptly.
First conversation
How a first conversation works
No formal materials or sale process are needed to begin. An initial conversation is simply a chance to learn about the business and what the owner is considering.
Is it confidential?
Yes. Introductory conversations and anything shared in them are treated with care and discretion.
Do I have to leave right away?
No. The timing of a transition and the owner's role afterward would be shaped around the needs of the business and the owner's preferences.
Who would own and run it?
Mike Bloom would own and lead the business full time after the transaction, supported by committed, long-term capital.
What happens to my team?
The existing team is central to what makes a business successful. Mike's intention would be to retain strong employees, invest in their development, and partner with leaders who want to continue building the company.
About Mike
An operator first
Mike Bloom
Founder of Present Capital. Based in New York City and focused on acquiring and operating one business for the long term.
LinkedInMike Bloom founded Present Capital to acquire and lead one business full time. Most recently, as Head of Strategic Finance at Traba, he partnered closely with the executive team and leaders across sales and operations as the company grew from under $10 million to more than $30 million in revenue and expanded to more than 30 states. He is comfortable moving between company-level priorities and the operating details required to execute them.
Before Traba, Mike spent almost a decade as an investor, including at Aperture Investors, focused on services, software, and industrial businesses. He studied some of the best-run public companies in the world, spent significant time with experienced management teams, and built a broad network of executives and investors. That experience gave him a clear view of what exceptional leadership and disciplined execution look like in practice.
Mike comes from a family of entrepreneurs. His father built a 150-store retail chain, his brother founded a business that grew to more than $100 million in revenue, and his sister has founded and operated a business of her own. That background shaped his respect for what owners build and the responsibility involved in becoming its next steward.
Criteria
What we look for
Size
$500,000 to $10 million of EBITDA.
What makes a business a fit
Durable customer relationships, recurring or highly repeat revenue, and products or services that customers rely on.
Where
United States.
Why owners get in touch
Retirement, succession, or a desire to place the business with a long-term owner. Mike is open to transitions that allow an owner to step away or remain involved for a period.
These are guideposts rather than rigid requirements. The quality of the business and the suitability of the transition remain central to fit.
Contact
Interested in a conversation?
Owners thinking about a transition, along with their advisors and intermediaries, are welcome to get in touch. Nothing formal is required, and there is no obligation.
Confidential inquiry
A brief overview of the business or situation is sufficient. Everything shared is treated confidentially and reviewed directly by Mike.