A rowing crew moving together at sunrise
MCM Venture PartnersA boutique operating and strategic advisory firm for CEOs, founders and senior partners.Los Angeles · Working nationally

Flagship practice · Embedded Operating Partner for Client-Service Firms

Build the next generation of partners—ready to lead.

I work inside talent management, business management, law and other client-service firms—alongside senior partners and rising leaders—to prepare the next generation to manage people, grow a book of business, understand firm economics and represent the firm at the highest level.

Senior enough for the partner room. Hands-on enough to run the work.

01Senior
Partners
Intent · trust · altitude
MCMVP · EmbeddedOperating
Partner
Translation · capability · accountability
03Rising
Team
Readiness · ownership · growth
Explore the Operating Partner Model in detail
Also at MCMVPLooking for private C-suite Thought-Partnering?

The bigger prize

Profitability is the first proof. Durability is the bigger prize.

Client-service firms become enduring institutions when profitability, talent retention and client growth reinforce one another. I enter at the operating center—where partner intent becomes measurable leverage.

Improve profitabilityBuild team capabilityStrengthen the firm
The client-service firmGrowth
Engine
01Profitability
02Stable, retained
workforce
03Stable, growing
client base
04An enduring
platform

The leadership gap

Being excellent with clients is not the same as being ready to lead the firm.

Rising managers, agents, lawyers and advisors are promoted because they deliver for clients and produce revenue. That is essential. It is not the entire job of ownership.

Senior partners know this—but they are often too busy serving clients and running the business to systematically develop the next generation.

The hidden riskA strong book of business can mask an unprepared firm leader.

Why this moment matters

Three forces are reshaping the industry—most firms are not built to respond.

These forces create a new leadership test. MCMVP is not the PE adviser or production-fee negotiator; I build the organizational fitness beneath those decisions—leadership depth, aligned incentives, disciplined execution and accountability.

01

Founder-generation succession

Many boutique firms still depend on one or two rainmakers who are approaching transition. UTA’s planned 2025 leadership handoff shows what preparation can look like; much of the market is less ready.

02

Private equity is buying in

PE-backed platforms are moving deeper into representation and management. Capital can accelerate growth—but it also raises the premium on scalable systems, retained talent and durable client relationships.

03

Packaging fees are gone. Complexity isn’t.

The WGA packaging-fee model ended for new covered projects in 2022. Producer and EP credit have become more important routes to value—creating new economics, new conflicts and new operating demands.

The window is openFirms that build real operating leverage now will be the ones still standing—and still choosing their future—when this plays out.

A market example

Packaging fees are gone.
The complexity isn't.

A decade of industry disruption created a new, unsettled source of risk—and opportunity.

012019–2022

Packaging-fee economics sunset

WGA franchise agreements phased out packaging fees on new covered projects, returning agencies to commission economics.

022023–Now

Credit becomes a value-capture path

Producer and EP credit grow more important as talent and representatives negotiate for economics beyond standard commissions.

03Right now

The operating questions move inside the firm

Leaders must align client advocacy, firm economics, compensation and partner readiness—while the terrain is still evolving.

The economics may be negotiated elsewhere.The readiness to act on them is built inside the firm. MCMVP prepares leaders and teams to understand the stakes, make better choices and execute distinctively—so the firm can compete, protect profitability and endure.

The transformation

Ready to lead means thinking—
and acting—like an owner.

01

Understand the business

Know how the firm makes money—and how everyday decisions affect profitability.

02

Build while serving

Grow the business while continuing to serve clients exceptionally.

03

Multiply talent

Lead, develop and raise the performance of the people around them.

04

Act for the whole firm

Demonstrate the behaviors of an owner—not just the leader of their own practice.

MCM Venture Partners

Inside the firm.
Alongside the partners.
Accountable for the work.

MCMVP · Embedded Operating Partner

The role only works from inside

“I embed between senior partners and the rising team—turning the partners’ priorities into the behaviors, capabilities and accountability the firm needs from its next generation.”

Michael McCracken Operating Partner · Thought Partner · Builder

01Senior
Partners
MCMVP · EmbeddedOperating
Partner
03Rising
Team

Case Study · An Operating Partner in Action

A succession mandate became an embedded operating partnership.

A leading entertainment talent-management firm initially brought me in to answer a consequential question: Who was ready to lead next?

I assessed a select group of potential successors, gave senior leadership a candid view of their strengths, gaps and readiness, and built one-year development plans. The work created confidence—and quickly expanded deeper into the rising team.

Discuss a similar mandate
01
The mandateDesign the succession plan

Assess readiness. Surface strengths and gaps. Build the development path.

02
The expansionRaise the game of the rising team

Books of business, P&Ls, sales disciplines, managing up and across.

03
The operating partnershipConnect leadership ambition to daily behavior

Thought Partner to senior leadership. Developmental partner to rising managers.

04
The ongoing disciplineMake senior-manager readiness measurable

MCMVP now sits inside manager reviews, compensation decisions and individual growth plans—holding rising leaders accountable until senior leadership sees the judgment, behavior and performance expected of a senior manager.

What the engagement includesSix workstreams. One operating mandate.

Senior Thought-Partnering

Candid counsel on people, priorities and consequential decisions.

Rising Leader Development

Assessments, one-year plans and direct developmental work.

Sales Coaching

Pipeline discipline, pitch strategy and measurable accountability.

P&L Redesign

Clear visibility into manager economics, contribution and leverage.

Compensation Analysis

Structures that reward growth without weakening firm economics.

Performance + Career Growth

Review input, next-step plans and sustained senior-level behavior.

The rubber-hits-the-road answer

What your firm will actually have in hand.

Not a report that sits on a shelf. A working management system—with real tools, trained owners and MCMVP beside the team through execution.

Decisions + altitude

For Senior Partners

  • 01Rising-leader assessments and practical action plans
  • 02Organization and behavior diagnosis with proposed solutions
  • 03Succession, key-person and compensation decisions
  • 04Managing-down and across tools, techniques and cadence

Private 1:1 Thought-Partnering

There are some conversations you simply cannot have with the people who work for you.

I work one-to-one with CEOs, founders and senior partners to pressure-test consequential decisions, challenge the thinking underneath them and turn the answer into action.

How I enter the room
“I meet you as an equal.”
Explore Thought-Partnering
WIFE OF THE PARTY · EPISODE #375LeeAnn Kreischer + Michael McCracken on Thought-Partnering

A 48-second excerpt from their conversation. Watch the full discussion from 20:37.

What clients say

What changes when MCMVP is in the room.

02
Michael is the man. I found him at a time when I needed operational support on my core business and venture help on the launch of a new one. He’s been invaluable on both. Over the last several years he has become a trusted Thought Partner that helps round out my skill sets as a CEO. I don’t know what I would do without him.
Tim StaplesCEO + Co-Founder · Down Home Media
03
Michael has been a true strategic partner, both empowering our team and helping us navigate the quagmire of partnership discussions, as well as helping us think through the re-branding of our firm and taking our practice to the next level. He has become a true friend and partner and I am grateful to have him in our lives.
Anna DerParseghianManaging Partner · PTD Business Management

The system behind the work

The magic earns attention.
The system earns trust.

Four practical lenses help MCMVP turn senior-partner intent into clearer economics, stronger leadership behavior and a management system the firm can actually run.

Internal StarsRevenue-generating partners
Clients
Firm
Personal relationshipsIndividual behaviorFirm strategy
DestinationAlignment

Most firms over-manage the Star–Client axis. MCMVP strengthens the Firm axis—where margin, continuity and institutional value compound.

How MCMVP works with AI

Human judgment leads. AI stress-tests the thinking.

Michael and the client devise the model together. AI then tests assumptions, models alternatives and exposes blind spots. MCMVP remains accountable for the recommendation—and for turning it into operating action.

01 · Human Thought-Partners lead

The model begins in the room.

Michael and the client define the real question, bring the history, understand the people and decide what is actually at stake.

  • Judgment
  • Context
  • Trust
02 · AIStress
Test
Synthesize evidenceModel alternativesChallenge assumptionsExpose blind spots
03 · Human action returns

The stronger answer becomes operating behavior.

MCMVP translates the work into the conversations, decisions, owners, tools and accountability the organization can execute.

  • Decisions
  • Owners
  • Cadence
Human judgment stays in charge.

AI expands and pressure-tests the thinking. MCMVP remains accountable for the recommendation—and for helping the organization make it real.

Michael McCrackenMICHAEL McCRACKEN
CEO · MCM VENTURE PARTNERS

About Michael · Operator, Adviser, Builder

Thirty years inside the decisions that determine what happens next.

Michael McCracken has spent more than three decades building, fixing, financing and selling businesses—and helping leaders carry consequential decisions into the real organization.

5Startups founded
>$90MUGO sale to Hearst
HBS ’95Harvard MBA
Operator + BankerExecution and economics

He built UGO Entertainment through its sale to Hearst, founded a boutique investment bank, advised CEOs and boards, and worked inside leadership, succession and transaction situations where there is no clean line between strategy, people and economics.

The common thread is practical pattern recognition: knowing what the room is not saying, finding the leverage and staying close enough to the work to make the answer stick.

The MCMVP differenceAn operator's pattern recognition. A banker's command of economics. An organizational adviser's feel for how people actually change.
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Experience in the room

Trusted across high-stakes, relationship-driven businesses.

A curated cross-section of companies, firms and leaders Michael has advised, built with or worked alongside.

Levity Live
Lionsgate
TNT
Turner
Hearst
Drew House
Shareability
Wild Card
Super Deluxe
3 Arts Entertainment
P&G
PTD Business Management
TBS
Bertcast
Down Home
SB Projects
EY
Cultivated Entertainment
Whitespace

A distinct practice under the MCM umbrella

When the answer becomes a transaction, MCM Partners takes the lead.

MCMVP helps leaders strengthen the organization, clarify the economics and become ready for consequential choices. When that choice becomes a formal transaction, Michael serves clients through MCM Partners—the dedicated M&A advisory practice he founded.

MCM Partners combines organizational and financial readiness with the senior attention and execution discipline of a “big-bank” M&A process.

01 · MCMVPBuild readinessLeadership, operating systems and organizational fitness.
02 · The decisionClarify the pathDetermine whether—and when—a transaction is the right answer.
03 · MCM PartnersExecute the mandateFocused, senior-led M&A advisory under a distinct engagement.
Rowers at sunrise

One firm · Several ways into the work

Bring the consequential question.

Embedded Operating Partner. Private C-level Thought Partner. Interim executive. M&A adviser when the answer becomes a transaction. One direct conversation is the place to begin.

Operating PartnerThought-PartneringInterim C-levelM&A Advisory
Start a conversation michael@mcmvp.com