Timing is Everything: Buying a $30m Tutoring Business

And. And yeah, after, like, I don't know how long a while. And I would have been happy with the deal if it had worked out, but for sure the deal would not have worked out if they had done the quality of earnings, you know, and so I don't say it kind of almost like, saved us a little bit there. But, yeah, basically what happened is, why.

Didn'T the deal work out?

So.

So maybe I'm assuming they're like, more on the traditional side where they had, like, you know, 20 investors that were going to kick in a million bucks each or something like that. Right. And before, you know, even though we negotiate the loi, which, to me, like, like, as I've come to learn, like, oh, like, you generally have three LOIs for every deal closed. Like, that hurts my heart because,…

Because I. To me, it was so serious. Like, like, like from my side of. Like, from my side of, like, I don't say integrity.

Like, Like, I'm trying to say I have, like, all this integrity, but, like. Like, I don't typically operate. Like, let me actually sign something and see how it goes.

Like, to me, yeah, it wasn't a flippant letter of intent. Like, a letter of, like, possible intent. This was like, we're doing this.

Yeah.

Like, and this is the. You know, this is the outline in which we're doing it. Like, that's the way I saw it. And so did it fall apart on.

Their end or on your.

So basically, like, pulled. Who then they came back to me and they're like, hey, Dave, we were only able to get, like, you know, half of our investors to go into this, and so I'm super sorry, but, like, we can't do it. Like they had already introed me to the Q of people that were going to do it, which again would have for sure fallen apart at that point.