Lonsdale backs American Operator to capture $10T small business succession wave
Baby boomers own 2.1M US small businesses with employees; 48% lack succession plans, creating a massive wealth transfer. American Operator's operate-to-own model backs operators w…
Lonsdale notes Palantir trades at premium multiples vs small business valuations
Public tech companies like Palantir trade at 30-50x earnings while small businesses trade at 3-6x cash flow, creating a valuation arbitrage for private market investors.