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OperatingPersonal

We have sat in your chair

Everyone on our team has operated. When we sit across from a founder, we are not translating their world into a model. We have lived in it.

Yassine Lahlou · April 8, 2025 · 4 min

There is a specific loneliness to running a company that people who have only invested in one never quite feel. I mention this not as sentiment but as a description of an advantage.

Everyone on our team has operated. We have made payroll in a bad month, shipped the wrong thing, hired the wrong person, and learned most of what we know the expensive way. When we sit across from a founder, we are not translating their world into a model. We have lived in it.

Why it matters after the deal

Operating experience changes the thing that usually goes wrong after an acquisition: the handover. Allocators tend to arrive with a plan and impose it. Operators tend to arrive with questions and earn the right to change things. We know the difference because we have been on the receiving end of both.

We also know when to do nothing. A well run company does not need a new owner rearranging it to feel useful. Often the most valuable discipline we bring is the willingness to leave a good thing alone and support it.

The help that is actually helpful

Where we add value is specific and unglamorous: pricing, hiring senior people, opening doors in markets we know, and being a calm counterparty when a founder needs one. We try to be the owner we wish we had had.

This is part of why we built Tingis. We wanted to prove that capital and operating wisdom do not have to live in different buildings.

Yassine Lahlou
Founding Partner, Tingis Capital
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