How2Exit: Buy, Don't Build - M&A of Small Businesses E267: Why Buying a Business Beats Starting One – Buy Your Way to Success!
Feb 5, 2025
48:25
Watch Here: https://youtu.be/IUebHfz3G-c
About the Guest:
Sanket Bhasin is an experienced entrepreneur and the managing partner of Spring Street Capital, a New York-based software-focused search fund. He has successfully built and exited two tech businesses and is now focused on acquiring and scaling vertical software companies in the energy and healthcare sectors. His expertise in scaling businesses, combined with his strong belief in long-term ownership and AI-driven efficiencies, makes him a compelling voice in the world of software acquisitions.
Key Takeaways:
Entrepreneurial Roots & Early Exposure – Bhasin grew up in Australia, spending Sundays with his father searching for businesses to buy, which sparked his lifelong interest in entrepreneurship.
Successful Startup Experience – He founded and exited two software companies, Smart Therapist and Communicate This, gaining firsthand experience in solving niche industry problems with technology.
Why Search Funds? – Bhasin chose the search fund model because it offered a structured pathway to acquire and scale a business while benefiting from investor mentorship and long-term strategic partnerships.
Search Fund vs. Traditional Acquisition – Unlike solo acquirers using SBA loans, search funds allow for investor-backed mentoring, longer search times, and a built-in support system for new CEOs.
The Appeal of Vertical Software – Bhasin focuses on acquiring mission-critical software companies in the energy and healthcare sectors, as these specialized businesses have strong customer relationships and high retention rates.
Long-Term Hold Strategy – Spring Street Capital isn’t built for quick flips; Bhasin emphasizes holding acquired businesses for the long haul, ensuring sustainable growth and strategic improvements.
AI’s Impact on Software Businesses – While AI is making coding more efficient, Bhasin believes that human ingenuity and decision-making remain irreplaceable, especially when it comes to designing software and setting strategy.
Excitement for the Future – Bhasin sees the ongoing digital transformation as a massive opportunity, where businesses leveraging AI and software-driven efficiencies will thrive.
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Contact Sanket on
Linkedin: https://www.linkedin.com/in/sanket-bhasin/
Website: http://www.springstcap.com/
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💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/
►Visit Our Website: https://www.how2exit.com/
📧For Business Inquiries: Me@4sale2sold.com
Don't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨
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𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?
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👍 Like the video (it helps a ton!)
💬 Comment below to share your opinion!
🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📱Stay Tuned On Our Social Media :
» Linkedin - https://www.linkedin.com/in/ronskelton/
» Twitter - https://twitter.com/ronaldskelton
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» Newsletter - http://deeper.how2exit.com/
🎬SUGGESTED VIDEOS
Don't forget to watch 📽 Our other videos. Please check them out :
▶️Previous Episode: E266: From a $5M Offer to a $70M Deal: The Hidden Secrets of Selling Your Business for Maximum Value - https://youtu.be/JhloU4oKlDg
▶️E135: Sam Rosati On His Journey From Being A Lawyer To Becoming An Entrepreneur In The ETA Space - https://youtu.be/D2qJOidptRA
▶️E100: CEO Of Flippa Blake Hutchison Discusses Innovations In Buying And Selling Digital Assets - https://youtu.be/R1D5guQU9Z0
#How2Exit # # 💖Thanks for watching! 💖
Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.
About the Guest:
Sanket Bhasin is an experienced entrepreneur and the managing partner of Spring Street Capital, a New York-based software-focused search fund. He has successfully built and exited two tech businesses and is now focused on acquiring and scaling vertical software companies in the energy and healthcare sectors. His expertise in scaling businesses, combined with his strong belief in long-term ownership and AI-driven efficiencies, makes him a compelling voice in the world of software acquisitions.
Key Takeaways:
Entrepreneurial Roots & Early Exposure – Bhasin grew up in Australia, spending Sundays with his father searching for businesses to buy, which sparked his lifelong interest in entrepreneurship.
Successful Startup Experience – He founded and exited two software companies, Smart Therapist and Communicate This, gaining firsthand experience in solving niche industry problems with technology.
Why Search Funds? – Bhasin chose the search fund model because it offered a structured pathway to acquire and scale a business while benefiting from investor mentorship and long-term strategic partnerships.
Search Fund vs. Traditional Acquisition – Unlike solo acquirers using SBA loans, search funds allow for investor-backed mentoring, longer search times, and a built-in support system for new CEOs.
The Appeal of Vertical Software – Bhasin focuses on acquiring mission-critical software companies in the energy and healthcare sectors, as these specialized businesses have strong customer relationships and high retention rates.
Long-Term Hold Strategy – Spring Street Capital isn’t built for quick flips; Bhasin emphasizes holding acquired businesses for the long haul, ensuring sustainable growth and strategic improvements.
AI’s Impact on Software Businesses – While AI is making coding more efficient, Bhasin believes that human ingenuity and decision-making remain irreplaceable, especially when it comes to designing software and setting strategy.
Excitement for the Future – Bhasin sees the ongoing digital transformation as a massive opportunity, where businesses leveraging AI and software-driven efficiencies will thrive.
--------------------------------------------------
Contact Sanket on
Linkedin: https://www.linkedin.com/in/sanket-bhasin/
Website: http://www.springstcap.com/
--------------------------------------------------
💰If you’d like additional ways to support this podcast, you can become a paid subscriber here: https://how2exit.substack.com/
►Visit Our Website: https://www.how2exit.com/
📧For Business Inquiries: Me@4sale2sold.com
Don't Forget to SUBSCRIBE to the How2Exit channel and press (🔔) to join the Notification Squad and stay updated with new uploads.✨
👇🏻SUBSCRIBE HERE
https://www.youtube.com/channel/UC_ONnhwaKSTPFt2nOxKoXXQ?sub_confirmation=1
𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👍 Like the video (it helps a ton!)
💬 Comment below to share your opinion!
🔗 Share the video with anyone you think might help :) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📱Stay Tuned On Our Social Media :
» Linkedin - https://www.linkedin.com/in/ronskelton/
» Twitter - https://twitter.com/ronaldskelton
» Facebook - https://www.facebook.com/How2Exit
» Newsletter - http://deeper.how2exit.com/
🎬SUGGESTED VIDEOS
Don't forget to watch 📽 Our other videos. Please check them out :
▶️Previous Episode: E266: From a $5M Offer to a $70M Deal: The Hidden Secrets of Selling Your Business for Maximum Value - https://youtu.be/JhloU4oKlDg
▶️E135: Sam Rosati On His Journey From Being A Lawyer To Becoming An Entrepreneur In The ETA Space - https://youtu.be/D2qJOidptRA
▶️E100: CEO Of Flippa Blake Hutchison Discusses Innovations In Buying And Selling Digital Assets - https://youtu.be/R1D5guQU9Z0
#How2Exit # # 💖Thanks for watching! 💖
Become a supporter of this podcast: https://www.spreaker.com/podcast/how2exit-buy-don-t-build-m-a-of-small-businesses--4859429/support.