Kona Advisors LLC

In his book Anna Karenina, Leo Tolstoy wrote, “All happy families are all alike; each unhappy family is unhappy in its own way.” Known as the Anna Karenina principle, this applies to succession planning in family business as well as statistical significance tests, the failed domestication of animals, ecological risk assessments and losing sports teams.
After studying numerous successes and

Much like in the public equity markets, singular unexpected events can greatly increase or destroy the value of a private company. Even the most thoughtful business continuity planning will fail to anticipate every scenario. The unexpected death of a strong-willed founder is a frequent example. Most private companies do not have well-developed succession plans, especially when the long-term owner and