And so that acts as a kind of self corrective so that they behave themselves as opposed to somebody just, you know, a deal comes, some capital provider, they, a deal comes across their desk, they're interested, maybe it doesn't go well and they, and they squeeze and squeeze and squeeze because they don't have any. It was, they were just doing a single deal. They're not in, they're not, they don't…
Acquiring Minds
How to Buy a $20m Business as a First-Timer
Excerpts · 316 segments · ~1:30:52 long
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So just an interesting pattern there that, that wanted to call out.
Yeah, well a couple, a couple other things that came up as you were talking too. One is it was really important to me to find value added investors. So not people that were just going to provide money but wouldn't provide counsel as well.
It became clear right away what good advisors these guys were going to be. And I really valued that and wanted that. I also think that these guys are really committed to wanting to see searchers have good outcomes.
You know, they, you know, like, the whole idea of raising extra money to put on the balance sheet is so that you can be more successful and so you don't go bankrupt. You know, I mean, and these guys were. I just really believe they, you know, of course they're in it to make money, but I also think they are supportive of the broader ecosystem and wanting to see good outcomes for people.
Yeah.
And so, you know, that gave me, you know, it just felt like a good fit.
Yeah. Yep. Well, those guys are all good guys as well. Just in my. In my interactions with and my experiences with them.
Yeah. And the other thing about raising money from investors is, you know, it makes me feel like I'm not doing this alone. They're my partners. And it makes it more fun, honestly, to have partners that you feel that you have a good relationship with.
And I also know when I run into things, I have people I can call that are. That are invested in my. In my deal that, you know, will work with me to figure out, you know, what to do. So I feel very lucky to have found the investors that I did.
Let's hear a little bit more about. Let's get into the weeds. There's. So can you share how much equity you raised and how that changed your own equity or ownership on an ongoing basis?
And then I also want to talk about how much you're paying yourself.
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