M&A Science Podcast
 / 
Listen Now:

How to Build Companies That Last pt. 1

Stew Campbell, Partner at The Chernin Group

In this episode of M&A Science, host Kison Patel sits down with Stew Campbell to explore how growth equity supports founder-led companies beyond just capital. Stew shares lessons from his career helping businesses scale while preserving their culture and mission. They discuss how founders should think about their boards, when to consider a minority recap, what separates elite investors, and how to navigate noisy capital markets with clarity and confidence.

Whether you're a founder eyeing your next stage of growth or an operator thinking through the right partner, this episode unpacks how to scale with intention.

Things you will learn:

  • What a value-creating board actually looks like—and how to build one

  • How to differentiate growth equity, private equity, and venture capital

  • When to consider a minority recap—and how to structure it

  • Why investor relationships are a long game and how to run your own "unbanked process"

TCG (The Chernin Group) is a growth equity firm that invests in bold, consumer-facing brands across media, commerce, sports, and technology. More than just capital, TCG brings deep strategic expertise and a founder-first mindset to help businesses scale with purpose, cultural relevance, and long-term impact.

Industry
Venture Capital and Private Equity Principals
Founded
2010

TCG (The Chernin Group) is a growth equity firm that invests in bold, consumer-facing brands across media, commerce, sports, and technology. More than just capital, TCG brings deep strategic expertise and a founder-first mindset to help businesses scale with purpose, cultural relevance, and long-term impact.

Industry
Venture Capital and Private Equity Principals
Founded
2010

TCG (The Chernin Group) is a growth equity firm that invests in bold, consumer-facing brands across media, commerce, sports, and technology. More than just capital, TCG brings deep strategic expertise and a founder-first mindset to help businesses scale with purpose, cultural relevance, and long-term impact.

Industry
Venture Capital and Private Equity Principals
Founded
2010

TCG (The Chernin Group) is a growth equity firm that invests in bold, consumer-facing brands across media, commerce, sports, and technology. More than just capital, TCG brings deep strategic expertise and a founder-first mindset to help businesses scale with purpose, cultural relevance, and long-term impact.

Industry
Venture Capital and Private Equity Principals
Founded
2010

Stew Campbell

Stew Campbell is a Partner at TCG, where he focuses on growth equity investments in consumer-facing companies across commerce, media, and culture. Prior to TCG, he was a leader at Norwest Venture Partners and Spectrum Equity. Stew brings a founder-first approach to investing, helping entrepreneurs scale with strategic clarity and a values-driven lens. He specializes in board development, M&A strategy, and aligning growth capital with long-term ambition.g

Recent M&A Science Podcast Episodes

What Buyers Want from Bankers and Founders
220 Deals. One Playbook. How to Scale M&A Without Losing Control
How to Build a Deal Model That Beats PE on Price
M&A SCIENCE IS SPONSORED BY

M&A Software for optimizing the M&A lifecycle- pipeline to diligence to integration

Explore dealroom

Want to wear your M&A expertise?

Check out the M&A Science store.