Launch Series Ep.3: Diligence and Closing with Ryan Turk and Keith Gross - Ep.178

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Ep.178: Alex (@aebridgeman) is joined by Ryan Turk (@Ryan-Turk) and Keith Gross (@Keithmgross).

This is the third episode in our Launch Series, a partnered episode series with Trilogy Search Partners and Pacific Lake Partners. This conversation focused on managing the due diligence process after a signed LOI with past guest Ryan Turk, CEO of Radiation Detection Company, and Keith Gross, Partner at Pacific Lake. This discussion touches on managing third parties, the importance of open and regular communication, the goals of different types of due diligence, and focusing on the issues that matter.

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Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/

Links:

Ryan on LinkedIn

Keith on LinkedIn

Pacific Lake Partners

Radiation Detection Company

Think Like an Owner Ep.110 w/ Ryan Turk

Timestamps:

(00:02:45) The objective of doing diligence 

(00:06:15) Deciding where to focus diligence

(00:14:05) Having flexibility in your areas of focus

(00:15:42) Pipeline management while in diligence or doing a deal

(00:22:27) Managing investor communications & Board construction

(00:41:42) Managing external parties

(00:44:00) Confirmatory diligence

(00:46:51) Keeping legal advisors focused 

(00:50:24) Managing seller relationships