What I Learned Last Week 7.14.23
Curating the best M&A, SMB, and EtA-related content since 2020.
Hello Friends!
This issue of the newsletter is brought to you by Online Business Invest.
The Online Business Invest is a newsletter run by an elite team of entrepreneurs who have generated billions in revenue.
They reveal strategies for acquiring & scaling online businesses.
Join their free newsletter and get a private, behind-the-scenes look at their deals.
It’s FREE to sign-up and you can join here.
📰 Articles
An In-Depth Look at the 2023 Lower Middle Market
Bloom Equity Partners provides a summary of a recent report from Tree Line Capital.
The report reflects feedback from over 80 sponsors and analyzes the current lower-middle market deal environment, identifying sponsors’ top concerns in the year ahead and the sectors they are targeting.
We have reviewed the report and identified some key insights for you.
🧵 Best of Twitter
Bolt-on acquisitions are going strong…
ChatGPT is pretty good at this as well. A framework for narrowing your focus…
Don’t skip due diligence. DueDilio can help…
Finding a strong operator is key…
How to quickly get smart about an industry…
Solving the “Proof of Funds” question…
On structuring a seller note…
Have these ready before speaking to a QofE provider…
🗓️ Events
CIM City - Brokers & Brokered Deal Breakdowns (July 18) - Virtual, Discount Code: BI10
South Florida Searchfund Happy Hour (July 20) - Miami, FL
The Business Acquisition Virtual Summit (July 26-28) - Online
Southeast ETA Conference (Sept 8-9) - Durham, NC
HoldCo Conference (Sept 18-20) - Cleveland, Ohio
Austin SMB Meetup (Sept 28) - Austin, TX
The Self-Funded Search Conference (Sept 30-Oct 1) - Dallas, TX
Main Street Summit (Nov 8-9) - Columbia, MS
Capital Camp (May 21-24) - Columbia, MO
⚒️ Tools & Resources
I want to share some tools & resources that I have found helpful. Please note that some of these are paid sponsors of the newsletter.
DueDilio - #1 marketplace to hire highly vetted M&A due diligence service providers. Your source for finance, legal, tech, and other key areas of due diligence. Submit your project, review proposals, and hire.
PrivSource - PrivSource helps you source deals and connect with transaction partners without ever paying a success fee.
X5 Deals - Proprietary deal sourcing. They do the outreach and send you relevant, actionable deals directly into your inbox.
Rejigg - Platform that connects searchers/investors directly with owners of off-market software businesses ($500k - $15m revenue) considering exits. All deals are sourced by the Rejigg team, ~5 added per week.
Scott Oldford - If you're interested in gaining insight into the process of building, scaling, acquiring, and selling online businesses, Scott Oldford can help.
Acquisition Lab - The Premier Accelerator for Buying a Business created by Walker Deibel, Author of Buy Then Build: How Acquisition Entrepreneurs Outsmart the Start-up Game. They combine world-class education, a vetted community, extensive group coaching, and resources to provide the first do-it-with-you buy-side advisory service.
BizNexus - Marketplace + off-market origination in one platform. The marketplace averages about 10k active listings & pre-CIM opportunities, and the off-market origination focuses on data & multi-channel.
Deal Flow Scout - Peer-to-peer deal flow exchange. Free, open, transparent.
Deal Sourcing Guide - A directory I put together of online marketplaces, brokers, DFY deal flow, and more.
🚀 Interested in partnering or advertising with us? Get in touch here.
How did you like this issue of the newsletter?
If you enjoyed reading this newsletter, why not share it?
Let’s connect: LinkedIn, Twitter