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Any well funded startups in the Denver area??
Hey guys, I'm an ex-Bain consultant building a presentation app that shows ways to visualize insights clearly and quickly. We turn blanks into 60% WIP materials in seconds and have an early demo at depiction.ai - would love to hear what ya'll think! Brutally honest feedback would be much appreciated.
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I’m planning to do the same thing, CPA and investment banking pre business school. Strategy consulting post business school.
How will you find the funding to buy?
Thanks!
Read Buy Then Build it’s a great book and talks about how to do what you’re trying to do
It really depends on what type of business you are looking to buy. For example, running a small manufacturing business really isn’t rocket science. A lot of it is a matter of keeping a healthy sales pipeline, maintaining a capable and qualified workforce, keep good vendor relationships, have a good accounting staff, be transparent with your employees and communicate effectively, and have a good CPA firm to handle things.
It starts to get more complicated when you cross the $30MM mark, >50 employees, or try to start some big transformation growth initiative.
Having big firm experience can be great, but it is also a major adjustment. The pace is much faster than in a small business and if you can’t adjust to the slower pace, it won’t work.
Solid summary and completely agree with the change of pace. I think I could handle the slow down but also use it to my advantage by doing other work on top of the business itself.
I think the key would be to find a business with a solid manager in place and keep this person happy with growth opportunity as the business profits, they would profit.
How would you go about finding something?
Thanks a lot! This has been really interesting - definitely something I want to do but didn’t know where to start