Complexity Hides Fragility: Losing a $20m Business

Yeah.

Yep.

I get the sense that you don't ref. That this actually hasn't changed your view of search and ETA overall. Or am I wrong?

Yes and no. Right. I. I'm still a big fan of search. I think I would. Nothing's ever off the table for me, but having the experience I have, I'M a little more strict on my requirements. Sure.

You know, I did the consulting gig through beginning of this year and things started slowing down a little bit in, in March and I met some local people that was looking for some help and one of them had offered to meet with me and kind of just pick my brain on what to do with their company. They had a small plumbing company and so I met with them and we kind of hit it off.

And after about two hours, he's like, would you just put an offer in to buy my business? And I'm like, no, you don't want me to do that. Why is that? I said, I will offend you with my offer.

I'm a bad buyer for you, not the right fit. He's like, well, you want to offend me and, and I think you're the perfect fit. I'm like, well, I'm not a plumber, so that's rough.

So I'm. I said, if you really want me to, I'll put an offer. So I went ahead and look at his financials and gave him a offer for half a turn of his SDE.

What was the SDE?

A little over 100k. Nothing too big.

Okay.