The Only Copy

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The Only Copy monitors your clients, their competitors, regulators, and market signals twice a week, then hands you what changed, why it matters, and what to raise next. Pick your seat to see how the same signal becomes your next move.

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Partner

Never get surprised on a portfolio company in a board seat or an LP call. Walk in already knowing what moved this week and what it means for the thesis.

Your Portfolio Companies

Dunkin'
Petco
Michaels
Krispy Kreme

Illustrative sample. Accounts shown are not real.

The Only Copy is not affiliated with or endorsed by the companies shown. Names are used for illustration only.

Private Equity · twice weekly

Dunkin'

A national rival launched a loyalty membership in Dunkin's strongest region.

Trade press

Why it matters to you

A loyalty program in Dunkin's strongest region is a same-store-sales risk, not restaurant news: it pressures repeat-visit frequency and pushes discounting. You raise it with the CEO before it shows in the monthly pack, and you flag the competitive move to your LPs first. You're the board member who saw it coming.

Petco

Pet-category spend softened as shoppers traded down to private label.

Sector data

Why it matters to you

Trade-down to private label pressures mix and margin, not just top-line revenue. You bring it into the next operating review before the quarter explains it for you, and you set the expectation with your LPs early instead of letting a soft print speak first.

Michaels

New tariff guidance touches Michaels' primary import category.

Regulatory docket

Why it matters to you

The tariff category maps straight to Michaels' sourcing and gross margin. You bring the exposure to the board and to your LPs before it hits a P&L, already holding the sourcing and pricing options, as a risk you're on top of rather than one that surprises the quarter.

What to raise

The Dunkin' loyalty threat and the Michaels tariff exposure are the two your portfolio CEOs and LPs will ask about first. Be the one who raised them.

Illustrative sample. Accounts shown are not real.

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