In The Trenches cover image

The Private Equity Perspective on Acquiring, Operating, and Selling Software Companies

In The Trenches

00:00

The Importance of a Letter of Intent

Some SMBCEOs put a little bit too much stock in getting a letter of intent signed. There are very few truly legally binding provisions, usually confidentiality and exclusivity are kind of the two most important ones. After an LOI is signed, what are some of the more common reasons why a deal doesn't get done? Is it change of the macro environment? Is it the company missed a quarter or two? The faster you get to an LOI, the more there's still to do on the other side of the LOI.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app