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✈️ How to Build and Sell a Startup
Inside: How to Find the Right Buyer with Andrew Gazdecki, Founder and CEO of Acquire.com
Yong-Soo Chung
February 21, 2024
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💰 How to Build and Sell a Startup with Andrew Gazdecki, Founder and CEO of Acquire.com
When is the right time to exit a business? Sounds like a simple question, but the answer... isn't as simple.
This week, I sit down with accomplished entrepreneur Andrew Gazdecki (@agazdecki), the Founder and CEO of Acquire.com. Andrew discusses the strategies behind successful exits and how to position your company to be sold for the highest valuation. He also discussed how startups can be bought in as few as 30 days.
Today, you’ll learn:
💻 How to Structure Your Deals
💰 Strategic Buyer vs. Financial Buyer
📈 How to Get Ready to Sell Your Business
📱 How to Find the Right Buyer for Your Business
Here’s the Hyper-Visual summary for today’s episode.
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Here are a few juicy excerpts from today’s episode to get you flowing:
Startup Valuations: "You can sell it for whatever you want. You can sell it whenever you want. You can sell for $10,000,000, all cash to a private equity firm with 90-day transition period, you're out, and then you just get to do whatever you want with your life." — Andrew Gazdecki (05:51)
Understanding Business Acquisitions: "So if you can structure, you know, an acquisition with favorable terms like that, that's the way to go. And that I'd say that's probably the most common is cash in close with some component of, maybe a little bit of seller financing at the end, 80% cash on close, 20% seller financing with 3 to 6 month transition depending on the size of the business." — Andrew Gazdecki (19:14)
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💬 Final Word
Hey all,
With the birth of my new baby (ETA: mid-late March!), it’s time to shake things up a bit with my newsletter & podcast.
I’ll take a break in a few weeks as I adjust to becoming a new parent. But when we resume, I’m thinking it’s time for a change.
So, be on the lookout and I’m excited to share!
Thanks for reading. :)
Yong-Soo Chung — Serial Entrepreneur, Podcaster
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