Thomas

Again, I can't use Photoshop, so I couldn't have made this up.

If I wanted a $35 million transaction, the fund that acquired it raised money, acquired Thrivecart as part of the deal, announced it as a raise.

For any of you that ever tried to get PR for an M&A transaction, you'll know that places like TechCrunch don't want to talk about it, so it was positioned like this.

Pretty much out of time now.

So just over the last 20 minutes, we went over how they exited.

They were growing every year.

Recurring revenue is better than SaaS revenue, but in this case, it's not the only way to sell your business.

Josh timed the market well.

He sold well while M&A was still good.

I still believe M&A will continue to be strong.

If you go back a couple of years ago, his business was just worth a couple of million dollars.

So sometimes being patient is good.

Josh decided ultimately he wanted to sell now.

He wanted to work with a real founder or a real person.

Kevin was also a founder himself.

He wasn't just a random private equity firm.

Multiple buyers we spoke to.

Ultimately, it was a win-win situation for buyer and seller.

The seller walked away.

If you speak to Josh, he's extremely happy.