Chad Wittman

So he took like a fourth of what he sold the business for to go do his next thing.

But so for us, R&R was a little bit interesting because it was essentially a six-month total package deal, which is a pretty crazy thing in the industry.

So from the day we inked the deal and closed the deal, we were going to have all of our money and all of our equity in six months.

And we were going to have a majority of it within two months if we transitioned and revamped the entire product to fit into their ecosystem.

So for us, it was essentially 90% of the earnings were in those first two months.

Uh, and then the rest was kind of at the six month like maintenance type mode.

Yeah.

So we did, uh, we did a roughly 75, 25, uh, cash equity split just in general.

Um, and then I think each of the payment periods were like, you know, the, the first payment period was I think 40% of the deal in, you know, so just 40% of the deal and then 40% of the deal and then 20% of the deal.

So, uh,

Yeah.

You know, it's one of those things as an entrepreneur, you're kind of terrified.

You ink this deal.

You tell a bunch of people we got acquired and all that stuff.

And then if you don't hit that earn out, I mean, and it happens more than I think happens a lot.

Yeah.

I care to admit, I was terrified that, you know, you'd try to get in these, these kind of negotiations, shady tactics.

Oh, I caught you on this clause in the contract.

But

they were fantastic to work with and they were very honest in their dealings.