Danny Vivier
@itsDanny_VCo-founder @ Evermore. We buy founder-led businesses and grow them forever.
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Met a surf bum with a sign and mailbox business that cash flows $500,000 per year. I spent a few hours with him. Here’s what I learned (and why we bought it):
Private Equity Story Time: LOIs, Love, Loss, and Legacy I worked with some of the top private equity practitioners as a BigLaw lawyer. They were sharp, strategic, and often ruthless. Watching them work was incredible. Here is the third short story in my new installment: Private…
In honor of @MainStSummit (I’m speaking at 3:30 on Weds - Ragtag Theatre 1), here’s everything I know about buying businesses after 20+ acquisitions and looking at thousands. 1. Owner operated businesses are super efficient. Owner does six jobs. You will probably spend more to…
Broker sent me a CIM this week for a content business doing $450k in revenue and $150k in gross profit. Asking price: $6,500,000 Be careful out there folks...
10 years of marriage today! 10 things I believe now more than ever:
Recent conviction: I need to ask more/better questions. As the business owner, my job is not to solve problems. My job is to find and motivate great people to solve those problems. Every time I proactively jump in, I toxically undermine their accountability.
Raising equity deal-by-deal is a suboptimal approach for anyone trying to buy multiple cash-flowing businesses. You may lose a deal because you can't raise the money in time. Your investors are concentrated in a single business, rather than a diversified group of businesses.…
If you acquire a business for 3x its annual cash flow, use no debt, and keep the business flat, you would generate a 33% year 1 cash-on-cash return. 4x = 25% 5x = 20% Stop fixating on purchase price. Instead, focus on your ability to mitigate risks and grow the business.
Seems like daily I get asked: "I'm 23 and have $25k in savings. Should I use that to buy a $1,000,000 business?" No. Instead, go find a well-paid job working for someone you admire. Learn to read a P&L, structure deals, manage people and save cash. Jog before you run.
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Who to follow
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Bruce Marks, MBA, CM&AA
@sbabmarks -
Eric Hsu
@lawyer4SMBs -
Nick Huber
@sweatystartup -
Acquisitions Anonymous Podcast
@acquanon -
Shawn Allard
@shawnwallard -
SBA Ray
@SBA_Ray -
BowTiedBroke
@BowTiedBroke -
Sieva Kozinsky
@SievaKozinsky -
The Real Estate God
@TheRealEstateG6 -
StripMallGuy
@realEstateTrent -
Kriss Berg, etc.
@KrissBergTweets -
Nolan Gore | SMB Lawn Cowboy
@LeadershipAcad1 -
M&A Focused CPA
@BoilerPlateCPA -
The Wolf of Franchises 🍟
@franchisewolf -
Matthias Smith, CEO - Pioneer Capital Advisory LLC
@SBA_Matthias
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