Our favourite and most frequent acquisitions are the businesses that we buy from founders. When a founder invests the better part of a lifetime building a business, a long term orientation tends to permeate all aspects of the enterprise: employee selection and development, establishing and building symbiotic customer relationships, and evolving sophisticated product suites.
Mark Leonard – Canadian software venture capitalist (b. 1956), in his Constellation Software Shareholder Letter (2012), Quotations book 2024