In The Trenches

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

May 27, 2021
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Episode notes
1
Introduction
00:00 • 5min
2
The Rule of 40 in Software Investing
04:31 • 4min
3
The Tradeoff Between Revenue Growth and Profitability
08:07 • 3min
4
How to Sell Your Business That Has Not Yet Attained Rule of 40 Operations
11:16 • 3min
5
The Importance of Gross Logo Retention
14:18 • 4min
6
The Importance of Revenue Growth
18:24 • 1min
7
The Differential Between Recurring and Transactional Revenue
19:43 • 6min
8
The Importance of Service Revenue
25:13 • 4min
9
What Is the Best Use of Growth Equity?
29:00 • 6min
10
How to Differ Potential Financial Acquirers
34:44 • 6min
11
The Downside of a High Valuation in a Market Like This for an Owner CEO
40:19 • 3min
12
The Importance of a Critical Component in a Growth Equity Investment
43:46 • 4min
13
The Importance of Measuring Your Business
47:53 • 5min
14
The Importance of Culture in a Company
52:54 • 3min
15
What It's Like to Work Under a Private Equity Parent
55:40 • 4min
16
The Importance of Board Decisions
59:37 • 4min
17
The Importance of a Letter of Intent
01:03:36 • 5min
18
The Asymmetry of Selling Your Company
01:08:27 • 4min
19
The Importance of Consistency in Selling a CEO
01:12:43 • 2min
20
The Importance of Balance in Selling a Business
01:14:27 • 3min
21
How to Count a CEO Who Is Asked to Roll Some Equity
01:17:34 • 4min
22
How to Commoditize Yourself as a CEO to a Business
01:21:04 • 3min
23
The Importance of Teamwork
01:24:01 • 2min
24
The Power of Teamwork
01:25:37 • 3min