The brilliance depends on whether it’s a scaled version of a Berkshire Hathaway like business, or some sort of reverse franchise. It sounds to me like the latte

The brilliance depends on whether it’s a scaled version of a Berkshire Hathaway like business, or some sort of reverse franchise. It sounds to me like the latter - a scheme to create captive customers for preferred source vendors who are close to the beneficial owners. This also sounds like medical consolidators like Schweiger dermatology who soak up independent dermatology practices. Similar models exist for dentists and attorneys as well. I’m cynical because Buffet’s goal was very clear - he needs to generate cash flow forever to make more money. A venture capital entity has a different vision of success, which I can’t see being aligned with the “owners” of these companies.