2min snip

My First Million cover image

Data-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal

My First Million

NOTE

Takeaways on M&A process after selling fathers company

The M&A process takeaways: hired an investment bank, don't let lawyers run the process, don't sweat the small stuff, beware of the 'industry standard' phrase. Negotiate on what matters to you, but be cautious of those using industry standards as a tactic to benefit themselves. Hiring bankers can be valuable, but evaluate the deal size and need. Always question why 'industry standard' is being pushed, as it tends to favor the other party.

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