Zach Yadegari
π€ SpeakerAppearances Over Time
Podcast Appearances
talking to the team getting to know them for a long time but like you could just they just some of them it's different for everyone but like a few of the people we were talking to they were like this is the information we want to know okay hop on two calls with the team okay like this is you know a number what do you think
Less than we would make in a year.
It was like about what we would make in a year in profit.
Well, after that, I guess we did... I politely did turn them down.
And...
After that, I was kind of like, wait, is my company just not sellable?
And then I was looking at it and I was like, wait, Weight Watchers just declared bankruptcy.
All of these companies, like how much money do they really have in the bank?
Are we just not going to be able to sell?
Is this just going to be a cash flowing business forever?
And I kind of started to accept that idea in my head that we are just going to be a cash flowing company.
And like,
I actually started to move some things in place, like looking for a potential CEO to bring on so I could step away and move on to something else.
And so the next few months, that's really what I believed.
And I think what changed was I spoke to another founder who sold his company.
And he told me that will work for him.
He basically explained how bankers work, M&A bankers.
You go to them.
They create a list of all these companies you've never even heard of before.
And like these companies that are about to go public, they just want to roll up all these smaller companies into them.