Is Software a Good Fit for a Self-Funded, SBA-Backed Deal?
Hi all - I'm currently running a self-funded search out of New York. I’ve spent most of my career around vertical SaaS and tech-enabled services, but I’m rethinking whether software is the right fit for a self-funded, SBA-backed acquisition given the higher multiples and operational complexity if you don't have a technical background. Curious how others have handled those challenges - especially higher multiples and key-man risk (especially when the business is really just a few developers)? Would love to hear experiences or lessons learned from other self-funders who’ve bought / passed on software deals or even just considered going down that path.