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RAW Ventures

Operator-led acquisition & investment

Knowledge Center

Operating wisdom.
Written for owners.

Practical, unsentimental writing on succession, exits, deal structures, and the markets we operate in every day — across the U.S., with a Texas point of view.

RAW
Texas ConstructionOct 20, 20267 min read

Scaling Texas Industrial Subcontractors: Managing Wip and Cash Flow

A technical analysis of managing Work-in-Progress (WIP) and liquidity for Texas industrial subcontractors navigating high-growth cycles in the Permian and I-35 corridor.

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Succession Planning
Succession PlanningOct 6, 20267 min read

Reciprocal Indemnity and Seller Risk in Texas Asset Sales

A technical breakdown of indemnity structures, baskets, and caps in Texas middle-market transactions to protect post-sale liquidity and mitigate tail risk.

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Business Valuation
Business ValuationSep 29, 20268 min read

Quality of Earnings: Uncovering Hidden Value in Texas Middle-Market Deals

A deep dive into why adjusted EBITDA is only the starting point for Texas business owners preparing for a sale or recapitalization through a formal QofE process.

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Exit Planning
Exit PlanningSep 22, 20267 min read

Mitigating Deal Drift: Preparing Texas Enterprises for Diligence Readiness

A deep dive into institutional-grade preparation for Texas business owners to prevent valuation erosion and deal fatigue during the 90-day due diligence window.

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Entrepreneurship
EntrepreneurshipSep 1, 20268 min read

Recapitalization Strategies for Texas Light Manufacturing Firms

A technical guide to recapitalization options for Texas manufacturing owners seeking liquidity while retaining equity or operational control in a shifting interest rate environment.

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Software
SoftwareAug 18, 20267 min read

Valuation and Capital Efficiency in B2B SaaS: The Texas Model

An analysis of valuation multiples, retention metrics, and capital efficiency for founder-led B2B software companies in the Texas middle market.

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Land Development
Land DevelopmentAug 11, 20268 min read

Horizontal Infrastructure and Yield Analysis in Texas Land Development

A deep dive into site-work costs, utility connectivity, and drainage requirements that dictate the true profitability of raw land acquisitions across Texas growth corridors.

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Texas Home Services
Texas Home ServicesAug 4, 20268 min read

Unit Economics and Valuation Metrics in Texas Home Services Deals

A deep dive into the specific financial benchmarks and operational KPIs that drive exit valuations for HVAC, plumbing, and electrical firms in the Texas market.

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Succession Planning
Succession PlanningJul 14, 20267 min read

The Second Act Problem: Transitioning the Texas Family Business

A deep dive into structural obstacles and capital solutions for Texas family-owned businesses facing generational transitions and liquidity events.

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Exit Planning
Exit PlanningJun 30, 20268 min read

Structuring Owner Carry and Earnouts in Texas Middle-Market Deals

A technical breakdown of deferred consideration structures in private equity and operator-led acquisitions for businesses with $2M to $10M in EBITDA.

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Business Sales
Business SalesJun 23, 20266 min read

Private Equity vs. Operator Buyers: What Texas Owners Should Know

Not all capital is the same. A practical comparison of how PE firms, search funds, strategics, and operator-led buyers actually behave post-close.

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Land Development
Land DevelopmentJun 22, 20265 min read

Land Banking In The DFW Growth Corridors

How patient capital is positioning along the DFW path-of-growth — and what landowners should know about JV vs. outright sale.

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Home Services
Home ServicesJun 20, 20266 min read

The Texas Home Services Roll-Up: What's Real, What's Hype

HVAC, plumbing, electrical, and roofing are all consolidating. Here's what owners need to know before they take a call from a PE-backed buyer.

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Business Succession
Business SuccessionJun 16, 20267 min read

Planning Business Succession In Texas: An Owner's Guide

How Texas founders should think about succession — protecting employees, customers, and family — long before they're ready to sell.

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