Building Evergreen Companies with Dave Whorton - EP.267
Release Date: 05/06/2025
Think Like an Owner
Alex (@Aebridgeman) is joined by Richard Emery (@Richardemery2).
info_outlineThink Like an Owner
In this episode of Think Like an Owner, I sit down with Delray Dobbins, Director of Sales at Engine Assurance Program (EAP), to dive into one of the most overlooked yet essential components of business aviation: jet engine maintenance programs. With a career spanning Rolls-Royce, Pratt & Whitney, and now EAP, Delray brings a deep and practical perspective on the engine lifecycle—and what operators need to understand to avoid million-dollar surprises.
info_outlineThink Like an Owner
Watch the full episode with Dave Whorton here - https://youtu.be/KPcgK3lm-mw
info_outlineThink Like an Owner
In this episode of Think Like an Owner, I sit down with Dave Whorton, founder of Tugboat Institute and author of Another Way, to explore a different path for entrepreneurs—one built on permanence, purpose, and long-term thinking. After an early career in venture capital and tech startups, Dave walked away from the high-growth, high-exit model to focus on what he calls “Evergreen companies.”
info_outlineThink Like an Owner
My guest today is Henry Schuck, founder and CEO at ZoomInfo, one of the most successful data businesses in recent times with a market cap today around $12B. I’ve been looking forward to this podcast for a long time because Henry has proven to be an effective founder, acquirer, and public CEO capital allocator, which is a rare combination of skills to find in a single CEO. He’s thought very deeply about building high performing organizations, sales functions, and how his own role needs to evolve as the c
info_outlineThink Like an Owner
From Episode 265 with Erika Armstrong. Watch the full video on YouTube here: https://youtu.be/Nc2vgTLhbYA
info_outlineThink Like an Owner
In this episode of Think Like an Owner, I sit down with Erika Armstrong, a pilot, author, and aviation expert whose career has taken her from corporate jets to major airlines to the university classroom. Erika shares stories from her early days in aviation, from sleeping on crash pads with seven other pilots to flying charter flights into some of the most challenging airports in the country.
info_outlineThink Like an Owner
Watch the full episode here - https://youtu.be/GTxWeRXap9Q
info_outlineThink Like an Owner
In this episode of Think Like an Owner, I sit down with Kathryn Poehling Seymour, President and CEO of First Supply, a fifth-generation, family-owned distribution business with over 700 employees and 53 locations across the Midwest. We cover everything from leading a 128-year-old company through generational transition to building one of the largest distribution centers in company history.
info_outlineThink Like an Owner
Watch the full episode here: https://youtu.be/UTNl0xeSgZY
info_outlineIn this episode of Think Like an Owner, I sit down with Dave Whorton, founder of Tugboat Institute and author of Another Way, to explore a different path for entrepreneurs—one built on permanence, purpose, and long-term thinking. After an early career in venture capital and tech startups, Dave walked away from the high-growth, high-exit model to focus on what he calls “Evergreen companies.”
We talk about the origins of Tugboat Institute and the principles behind Evergreen businesses: profitable growth, deeply held purpose, people-first cultures, and a commitment to staying private. Dave shares stories from multi-generational companies that are thriving by building slowly, investing intentionally, and rejecting the pressure to sell.
We also cover:
-
Why Dave left venture capital after working on companies like Amazon and Google
-
The seven core values that define Evergreen companies
-
How to create long-term alignment between family, founders, and leadership
-
The role of independent boards in creating accountability without outside capital
-
Why purpose-driven companies often outperform over the long haul
-
How to resist short-term thinking in a culture obsessed with exits
This episode is a must-listen for entrepreneurs who want to build something enduring—not just successful. Dave’s framework offers a powerful counterpoint to the dominant startup narrative, with practical takeaways for anyone playing the long game.
Dave’s new book, Another Way, is available now.
Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/
Links:
Another Way by Dave Whorton and Bo Burlingham - https://www.tugboatinstitute.com/anotherway/
Dave on LinkedIn - https://www.linkedin.com/in/davewhorton/
Tugboat Institute - https://www.tugboatinstitute.com/
Topics:
(00:00:00) - Intro
(00:00:44) - Sponsor - Inzo Technologies
(00:03:02) - The Tugboat Institute and Evergreen Companies
(00:03:50) - Dave's Journey in Technology and Venture Capital
(00:08:46) - The Value of Long-Term Family Businesses
(00:29:15) - Governance and Family Harmony in Business
(00:33:13) - Lessons from Multi-Generational CEOs
(00:33:52) - Estate Planning for Founders
(00:35:29) - Curiosity About G3 and G4 Leaders
(00:37:36) - Industry Selection in Evergreen Companies
(00:40:09) - Challenges of Transitioning to a Family Business
(00:43:08) - Alternative Paths to Business Growth
(00:49:36) - Innovative Practices in Evergreen Companies
(00:59:13) - Northgate Markets: A Success Story
(01:02:59) - Concluding Thoughts on Evergreen Companies