Think Big, Buy Small

Finding One's Way To ETA

Feb 3, 2025
In this engaging discussion, Nick Vandam, CEO of MCI and former U.S. National Team triathlete, shares his unique journey from military service to leading a telecommunications company. He dives into the complexities of acquisition entrepreneurship, revealing challenges in due diligence and the importance of strategic leadership. Nick introduces the intriguing concept of 'cigar butt businesses'—companies that appear unappealing but have hidden value. He also reflects on navigating workforce dynamics and maintaining company culture post-acquisition, providing valuable insights for aspiring entrepreneurs.
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ANECDOTE

Nick's Diverse Journey To ETA

  • Nick Vandam's journey to entrepreneurship included West Point, triathlons, military deployment, finance, a startup failure, grad school, and Raytheon experience.
  • These diverse experiences led him to discover and embrace entrepreneurship through acquisition (ETA).
ADVICE

Use Brokered Search For Success

  • Pay a premium to brokers initially to increase the probability of closing a deal.
  • Use a brokered search for better deal flow and risk reduction if you lack bandwidth for proprietary search.
ADVICE

Find Experienced Advisors Early

  • Seek out a knowledgeable advisor or board member early who can guide deal-making and operations.
  • Surround yourself with experienced support to navigate complexities and challenges in ETA.
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