At Tugboat Institute®, we frequently talk about the sources of competitive advantage afforded to Evergreen® companies. A key one is their commitment to profitable, Paced Growth over years and decades that leads to a powerful compounding effect. We see this compounding effect in capital over time, strength of culture over time, honing of know-how and innovation over time, and impact against their Purpose over time, to name several. This past week, at Tugboat Institute Summit 2024, the compounding effects of our growing membership, built over time on a foundation of trust, were on full display. It has allowed our membership to deepen past relationships while forming new ones, with authenticity and curiosity. It has allowed members to share their experiences, best practices, new ideas, setbacks, accomplishments, and inspiration with each other whether from the stage, on a hike, or over a meal. Our growing membership and the resources and feedback it provides us has also allowed us to launch new, exciting offerings, as illustrated by an announcement we made during our week together.

While bringing our like-minded leaders together is top of our list of priorities, learning is a close second when we have in-person experiences, and we spent two mornings learning from our peers and thought leaders aligned with our Evergreen values.