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There's got to be a business in here somewhere. A company that acts as a middleman that sorts through all your financials for you, does all the communicating, d
by ngngngng 7y ago
There's got to be a business in here somewhere. A company that acts as a middleman that sorts through all your financials for you, does all the communicating, drafts all legal paperwork and just gives you quick regular updates through the process. That way you can keep running your company during all of this madness.
I wish I knew more about selling and acquiring companies since it seems like a business well worth launching if it's feasible, which I don't even know if it is.
- kejaed 7y agoAn investment bank?
- ngngngng 7y agoMy lower class upbringing is showing, is that what an investment bank does?
- boxy310 7y agoYes - this is a major function of private equity in general. They even have investment banks and firms that specialize in "buy side" versus "sell side" of the transaction.
- codegeek 7y agoNot for small companies that generally do less than $2M in revenue.
- einarvollset 7y agoWe do as low as $1m ARR: discretioncapital.com
- codegeek 7y agoYes but you are not a traditional Private Equity if I understand correctly.
- einarvollset 7y agoPE is buy side, parent asked about sell side.
- solotronics 7y agoWe could call it middlemetrics.com
- rapnie 7y agoventuretransfer.com
- ikeboy 7y agoBusiness brokers? Fe international, quiet light brokerage, empire flippers. They don't do all of this but they do filter buyers.
- trentnix 7y agoThe world of business brokers is 75% charlatans and 24% outright frauds. Good ones do exist, but bad ones are abundant. If you need a broker, find one via a referral from someone that has sold their business via a broker.
- ikeboy 7y agoThe three I named are all big players in the field.
- zonethundery 7y agoIt can't really work that way. There are diligence firms that provide quality of earnings analysis, compliance analysis, intellectual property audits, etc. But potential buyers always have questions that require input from staff. The executive team has to be very involved in the process. Their involvement naturally drags management/staff into it.
- doingmyting 7y agoI'm certain there'd be questions unique to a company that only the staff would know but I'd want to assume most questions would be the same across companies. Are you saying in most of these situations the questions never overlap?
- icelancer 7y agoIf you have internal accounting and general counsel, they usually do a shitload of the heavy lifting (they outsource it to paralegals and associates most of the time). I've been through it before. It's still very painful, but this type of thing does exist... kinda.
- cosmodisk 7y agoI work for a relatively small company.It is simple as well,it sells training. If we'd have to supply all the necessary info to a company that'd take care of it, that alone would probably take months and months and they'd still have to query back and fort every day.
- hinkley 7y agoThe lesson I'm taking away from this is that if you're going to go through the steps of a M&A process, make sure there's something in it for you besides just the check at the end of the process. Off the top of my head, having a very detailed understanding of your burn rate and assets should be useful information for any business. Maybe you have some unprofitable projects, or maybe just for applying for a business loan. When we take risks we try to account for Murphy's law. If you've looked at things like unpaid bills and back taxes, maybe the confidence intervals get a little better?
- CryptoBanker 7y agoThat's called an investment bank