Conscious Capital for Healthcare
In the practice of Medicine, the patient always comes first. For years the principals at Spindletop have practiced this core value in all of our interactions with our portfolio companies, our investors, our colleagues, and our employees. Our core value of Generosity recognizes that by doing well financially, we know that we are also doing good, providing benefits for our academic institutions, community, and patients worldwide. We recognize that there are many ways to create value and generate asymmetric returns. We believe that by sharing a long term vision with exemplary companies, driven by purpose and built on a strong foundation of exceptional leadership and culture, we will create significant value for all stakeholders.
Spindletop Capital recognizes that the one common characteristic between many of the most successful companies including Amazon, Whole Foods, 3M, Disney, UPS, Starbucks, and Southwest Airlines is their practice of Conscious Capitalism. As noted by Raj Sisodia and his co-authors Wolfe and Sheth in their book Firms of Endearment: How World-Class Companies Profit from Passion and Purpose, “Today’s greatest companies are fueled by passion and purpose, not cash. They earn large profits by helping all their stakeholders thrive: customers, investors, employees, partners, communities, and society. These rare, authentic firms of endearment act in powerfully positive ways that stakeholders recognize, value, admire, and even love. They make the world better by the way they do business-and the world responds.” From 1998-2013, Sisodia and his colleagues found that firms driven by purpose and passion outperformed the S&P 500 by 14x (up 1681% in 15 years).
Conscious Capitalism recognizes that all stakeholders are interconnected: management, shareholders, investors, customers, vendors and communities. The four basic tenants of a Conscious Business, as defined by Whole Foods co-Founder John Mackey and Raj Sisodia in their book Conscious Capitalism are, “Purpose, Stakeholder Orientation, Conscious Leadership, and Conscious Culture.” Businesses that inspire (Higher Purpose), benefit all stakeholders including their employees, vendors, customers, community, investors (Stakeholder Orientation), run by leaders focused on alignment of interests that create a culture for the business to thrive will be extremely successful by any measure.