Today's story is not a pure play ETA story because our guest didn't buy his business. Nick Keegan founded his software business based on an idea he was enamored with. Unfortunately, the business limped along for years, barely surviving.
Acquiring Minds
Acquisition Unlock: €210m in 5 Years
Excerpts · 333 segments · ~1:27:51 long
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Eventually, they pivoted the business model, which helped, but it still wasn't going to yield very impressive growth. It was an acquisition. After that business model pivot, that was.
The real inflection point. It had taken mail metrics seven years to crack 1 million euros in annual revenue. It took them just 5 more to.
Crack 200 million euros in annual revenue. Largely thanks to acquisitions that kept increasing in size. So while acquisition didn't get Nick into.
His business, as it does for most. Of my guests, it did transform Mail Metrics into what it is today, an. Aggressive acquirer with a line of sight to a billion euros per year.
Please enjoy this fascinating ride with Nick Keegan, founder of Mail Metrics. Deal Terms to buy a business with an SBA loan and investors are still a bit all over the place. First time searchers meet bespoke documents and slow bank and legal reviews.
It's a status quo that wastes time and money for everybody. Well, the team at Shareholder Ventures have released Pact P A C T in an effort to fix this mess. The vision is to simplify and standardize terms for SBA searchers raising equity from investors for their acquisitions.
PAC stands for Partnership Acquisition Common Sense Terms, and it's essentially a legal framework, a set of documents that is free and meant to set an industry baseline for terms that balance the interests of SBA searchers and investors. Tim Erickson at Shareholder Ventures and attorney and Pact co author Joe Spina will present a webinar to tomorrow Tuesday, walking you through Pack and how to…
This is a very valuable session that will educate you on what could become a standard in our world. It's tomorrow Tuesday, October 7th, noon Eastern. Link to register for the webinar is right at the top of this episode's show notes or on the Acquiring Minds homepage.
Acquiring Minds co. Also, as you know, plenty of buyers fail before they ever reach loi. Not because they lack capital or the skill set to be an owner, but because they approach brokers and sellers the wrong way. This Thursday, Athena Simpson, founder of AquaMatch, is returning for part two of a webinar series on how to build a personal buyer brand that makes you a compelling option for the…
Thursday's session is about using emotional intelligence to create lasting trust so brokers are open doors for you sellers take you seriously and you move from being screened out to being the one who gets chosen. EQ can be the game changer that helps you win deals even if you're not the highest bidder. That webinar is tactical EQ to win over sellers and brokers and it's this Thursday, October…
Register at the link in today's show notes or on the Acquiring Minds homepage. Acquiring Minds co Welcome to Acquiring Minds, a podcast about buying businesses. My name is Will Smith.
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