"A Lowercase 'C' Cost Me £550K”: CEO Shares Lessons Learned from a Private Equity Earn-Out

Brains Byte Back

Content provided by The Sociable. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Sociable or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

1M ago 18:24

MP3•Episode home

In this episode of Brains Byte Back, we sit down with Sam Oliver, CEO of OpenFI, a conversational AI tool designed for businesses looking to elevate their customer interactions.

The London-based author and serial tech entrepreneur joins the podcast to share a cautionary tale about a private equity earn-out deal that took a sharp, expensive turn during the sale of his previous company. Due to a minor but relevant lowercase "c" in the contract defining "connected parties," Sam lost over half a million pounds in the midst of closing the private equity earn-out agreement.

He shares the lessons he learned from the deal, providing valuable insight and actionable advice for founders that could one day find themselves navigating their own exit strategies. As well as what’s in the works for his current venture OpenFI.

Find out more about Sam Oliver here (Linkedin) -

https://www.linkedin.com/in/sam0liver/

Find out more about OpenFI (website) -

https://www.openfi.tech/

Brains Byte Back:

Reach out to today's host, Erick Espinosa (Linkedin) -

linkedin.com/in/erick-espinosa

Get the latest on tech news - https://sociable.co/

Leave an iTunes review - https://rb.gy/ampk26

Find out more about our sponsor Publicize - https://publicize.co/startup-resources

176 episodes

#Tech #Sam Brake Guia