Re:My Sixth Year as a Bootstrapped Founder
by danielmarkbruce on Friday February 16, 2024 @03:56PM
(#39402857)
I did almost say ~ "it's possible we just see very different deals and it colors the perspective".
I never deal with asia. Maybe everything I'm saying is off base given it's hardware and asia is a thing in that realm.
Re:My Sixth Year as a Bootstrapped Founder
by wilkystyle on Friday February 16, 2024 @08:18PM
(#39405322)
I'd just like to say that I very much appreciated reading both of your responses, and commend you both for firmly but politely and reasonably disagreeing.
I’ve done it / do it with taking products and services to certain East Asian markets. And sometimes scaled quickly at much more than 5x of the original revenue.
> You must be using better M&A brokerages/bankers than I ever have.
FEI is one such broker, and know people on both sides of transactions done through them that are happy. I haven’t used them personally, but that’s one example.
They definitely do due diligence.
> With respect, are you actually buying businesses? Or just doing contracted technical DD? It feels like you are missing a good chunk of the picture here.
Funny, I was about to ask/say the same thing.
Yes, I buy businesses. No, I don’t do technical DD contract or otherwise (frankly, I’m not tech savvy enough to do that on my own — I can sniff out some bad code, but I let the pros do what they do).
I/we are on HN reply delay to prevent “flame wars”, even though I don’t think we are flaming. As such, I will stop here.
If you are what you actually say you are, I wish you luck and all the success in the world. That said, I stand by everything I have said above.