A lawsuit by Chase bank against a startup they bought, Frank, caught my attention because if even half of what Chase claims is true it means they did one heck of a sloppy job on diligence. Buyer fever anybody?
My experience is buyers of small to lower middle market businesses are over the top on their diligence, which is good.
And of course there's one of my favorite lines, "Just when a seller thinks they've answered every possible question the bank or investor asks more." As they should.
John Martinka
Jessica Martinka
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