
Insights
Videos, articles, & advice from Kirk and his network, to help successful founders find better outcomes.
Make the SPACs Compete for Your Business
If you're a founder who's been approached by a SPAC about buying into your business and taking it public, don't take the first offer. Put the SPACs in competition. There are more than 300 active SPACs looking for private businesses like yours, and if that's an attractive path for you and your company, use an advisor to drive price, or terms, or legacy, and maybe a combination of all three!
Should you Sell to a SPAC?
If you're a #founder thinking about selling your business, and you've been approached by a SPAC, or by an investment banker representing a SPAC, this 2 1/2 minutes could be really valuable!
How to Deal with Poor Business Partners or Misaligned Shareholder Interest
Need help sorting some things out?
Suffering from misaligned shareholder interests or have the wrong financial partners, or maybe you just need more or better capital sources?
We've got a proprietary database of funding options to fit each unique circumstance.
Going through a divorce? Death of a co-founder? Expensive debt threatening the continued success of the business?
We have a network of resources and capital providers to address these issues and many more.
Maybe you and your partner no longer see eye to eye and it’s just time to move on, but you don’t have the capital to buy him out.
Or maybe you’d like to continue, but your partner wants to retire, and neither of you has the capital to go forward while allowing for these divergent paths, so you’ll need to sell or wind down the business.
We have dozens, if not hundreds of growth equity, structured finance, and traditional private equity firms in our network that are set up specifically to provide capital to solve these dilemmas.
We can help!
Management Impulses that don’t scale with a business
Every founder hits a point in their company growth, which in our observation happens between $10mm-$50mm of revenues or when they have more than 20 employees, where their impulses, the entrepreneurial instincts that worked so well in the early life of their business, no longer seem to be effective. And when that impacts the value or transferability of their company, that's where we excel. We're expert at professionalizing the parts of your business that enhances value, and maybe even more importantly, at guarding against the things that could derail a successful transition.
3 Keys to Negotiating Your Sale
If you're a founder and in the process of selling your company, there are just a few things that are crucial to getting to the best outcome...The Three Keys to Negotiating Your Sale.
4 Agreements of Due Diligence
If you're a founder, the due diligence process in a buyout or recapitalization transaction for your business might feel invasive, and maybe even accusatory and insulting. To navigate the process, lean on your advisors and practice four simple (not easy) principles for a successful outcome.
4 Keys to Hiring the Right Investment Banker
Simple, but not easy or intuitive keys to making sure you choose the right advisor for one of the most important decisions in the life of your business.
Getting Alignment with the Investment Bank Engagement Letter
Securing the right investment banker with the right alignment around terms and conditions are critical to a successful outcome.
What is a Fundless or Independent Sponsor?
If you're a founder selling your business, and your buyer is a financial sponsor, it's important to know the difference between a traditional private equity firm and an independent or "fundless" sponsor...it matters.
Getting Penalized for Great Results During the Pandemic
Many Sellers are finding that buyers, whether strategic or financial, are discounting exceptional 2020 results as fluke or non-repeatable because of consumer behavior in the new normal. But there's a cure for this 'EBITDAC Adjustment' and we can help!
Seller Expectations and Market Realities
The gap between Seller Expectations and Market Realities in buyouts can often be solved with structure; earn outs, rolled equity, seller notes, and other tools. With a willing buyer and motivated seller, there's always a way to get a deal done.
You May Not Get as Much Cash as You Expect When Selling Your Business
Founders are often surprised to learn that most buyouts won't result in them receiving 100% of their proceeds at the close of escrow when selling their business. Deal terms and structure make a massive difference - be careful!
What do Deal Professionals Mean by Dry Powder?
Founders often ask us what investment bankers and M&A professionals mean when they talk about all the "dry powder out there". And maybe more importantly, why it should matter to them. Here’s a quick primer on why this might matter to you…
What Does it Mean for Founders to “Take Chips Off the Table”
What does it mean for Founders to “take chips off the table”? Many small business owners paused sale or transition plans due to the pandemic, but data from M&A sources continue to point to this being a unique moment with plentiful inexpensive capital for buyers, making it a seller’s market for high quality companies. Just might be time to find out what those M&A types mean when they talk about “taking chips off the table” …
Is This a Good Time to Sell?
Founders are asking us if they should hold off selling in the pandemic. Surprisingly, the answer has more to do with the dynamics of their business than outside factors…
How can Candor Advisors Help my Business?
Founders are busy! They need us to be clear, quick, and specific when they ask, how can you help my business? Candor Advisors works with one kind of client in 3 specific ways…
Explore All Tags
- Business Assets 2
- Business Broker 1
- Business Buyer Types 5
- EBITDA 13
- Employees 1
- Exit Strategy 25
- Exit planning 24
- Founder to Employee 4
- Guest Podcast 2
- Guest Post 14
- Independent Sponsor 6
- Investment Banker 16
- LOI 4
- M&A Lawyer 3
- Mergers & Acquisitions 45
- NDA 1
- Negotiation 9
- Predatory Buyers 9
- Private Equity 35
- Recurring Revenue 3
- SPACS 4
- Selling Shares 3
- Selling Your Business 164
- Terms 10
- Timing 3
- Transition Planning 1
- Unsolicited Offer 9
- ebook 7
- esops 3
- market update 4
- post sale 1
- re-trade 1
- saas 1
- structure 3
- sxsw 2
- taxes 2
- valuation 3
- venture capital 5
- webinar 2