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James Lochrie On Selling His First Company For $400 Million And Now Helping Startups Scale Globally

DealMakers

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How H&R Block Purchased Us in an All Cash Deal

H&R Block was a great partner through that in understanding where we were and what their interests were in us. They ended up taking the risk off the table for us. And so they actually came in and made sure that we didn't have any capital risk should the deal fall through. But from what the seat I was sitting in, it seemed to go fairly smoothly with some limited exceptions. We couldn't figure out how to work together. There was an opportunity at one point, but they chose another provider and all this stuff which I believe failed with that provider.

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