Startup acquisitions

Here are some insights on startup acquisitions discussed on the My First Million podcast:

1. Buying Minority Interests:

   • Alex Hormozi discusses his strategy with Acquisition.com, where he buys minority interests in high cash flow service businesses. His model focuses on involving minimal development work, while aiming for significant scalability by making operational improvements to achieve national growth 1.

2. Buying a Business Journey:

   • Sarah Moore shares her experience of buying a business with no initial evaluation skills. She learned through searching and evaluating various businesses, ultimately opting to skip investor-backed searches due to high repayment rates. Instead, she focused on "getting enough reps in" to identify good businesses on her own 2.

3. Building a Successful Portfolio:

   • Alex Hormozi recounts his journey of building a portfolio of companies, including gyms and software businesses, and emphasizes the importance of making money and achieving substantial exits through strategic deals 3.
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       1

       Business Acquisition Insights

       00:37:14
       
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       2

       Buying a Business Journey

       00:12:01
       
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       3

       Building Acquisition.com

       00:10:51
       
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       4

       Closing Deals Successfully

       00:23:33
       

4. Closing Deals Successfully:

   • Shaan Puri provides advice on successfully closing deals, emphasizing the need for preparation, maintaining good relations, ensuring all due diligence, and not getting complacent after receiving a term sheet. He underscores the importance of momentum and having multiple potential buyers to maintain leverage 4.

These insights provide various perspectives on the process, from acquiring minority stakes and building a business portfolio to strategic exits and deal closings.