No SBA Loan and $75k Out of Pocket

And kind of going back to what we were mentioning before about my decision to go the traditional search route, I just personally reflected on why I had chosen to go the traditional path, which was that I wanted people who were smarter than me and more experienced than I was at the time to guide my decision making. And they were all telling me the same thing.

And so even though I disagreed with them and I didn't want to take their advice, I decided to take their advice. Um, so yeah, that was, that was a huge low point in my search. I end. I walked away from that deal about at the two year mark in my search.

end well, and because like I said, this deal to me was, was just the best thing that I had found it. It checked all the boxes. It was a great size, great valuation, great industry.

Like there were so many things that growth, so many things about this deal that were so good. And so in my head I'm like, if it took me a year and a half to get under Loi with this and then if this wasn't even good enough, what's going to be good enough? So yeah, I was at a huge low.

And anyone who has gone under loi with a company they love and gone through months of due diligence and legal and all of that and is dreaming about what their life will be like when they acquire this company knows that feeling of what it's like to walk away. So that was a huge low. I did have some funds left in my.

Megan, before you get there, let me just. How do you reflect on the decision now and try to separate yourself from the fact that you're happy with where you are now? So it all worked out in your kind of your personal story.

But the prudence of the investor's decision to not like this deal. Do you see it differently now? Do you see it with more clarity or kind of feel the same way you did?

It's hard to tell because I don't have an update on the company. I tried to get one, but I don't know. I still think it was a great company and a great deal and I think that the investors probably made a mistake.

Yeah, I'm happy with where I ended up, but I think that would have been a great deal for somebody to, to do so. Yeah, I wish I had.

Well, I, I guess it all comes down to whether or not that revenue that you predicted would continue did in fact continue after the, the subsidies went away or whatever.

They were right, which, which I don't know. I tried to sell, follow up with the sellers about a year later and they didn't want to talk to me. But yeah, just based on their website, it looks like they did expand the way that they told me they were going to.