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Do you want to start an investment company to buy businesses? Being a Good Buyer to Sellers
Manage episode 420980098 series 2950381
Do you want to start an investment company to buy businesses and tell the seller you are going to preserve their culture and values?
Success isn't always a straight line. Meet Sunny Vanderbeck. He built a thriving tech business, took it public, and was ready to sell and make millions. But when the first buyer backs out at the last minute, he's left scrambling."
A second buyer steps in, only to declare bankruptcy, forcing Sunny to buy his company back. But he couldn't buy it back directly. His life's work hinged on an existing bidder. With the stars aligning, he managed to buy his company back for a third of the price.
Armed with the lessons from the first two buyers, he finally finds the right buyer and seals the sells is company for the last time. This is a story about how to sell your business without selling out and how he started an investment company to help sellers find the right buyers.
Tune in to 'Top M&A Entrepreneurs' to hear Sunny Vanderbeck's incredible journey."
148 episodes
Manage episode 420980098 series 2950381
Do you want to start an investment company to buy businesses and tell the seller you are going to preserve their culture and values?
Success isn't always a straight line. Meet Sunny Vanderbeck. He built a thriving tech business, took it public, and was ready to sell and make millions. But when the first buyer backs out at the last minute, he's left scrambling."
A second buyer steps in, only to declare bankruptcy, forcing Sunny to buy his company back. But he couldn't buy it back directly. His life's work hinged on an existing bidder. With the stars aligning, he managed to buy his company back for a third of the price.
Armed with the lessons from the first two buyers, he finally finds the right buyer and seals the sells is company for the last time. This is a story about how to sell your business without selling out and how he started an investment company to help sellers find the right buyers.
Tune in to 'Top M&A Entrepreneurs' to hear Sunny Vanderbeck's incredible journey."
148 episodes
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