Would you be interested in real world due diligence insights?

professional profile

February 23, 2024

by a professional from University of Texas at Austin in Houston, TX, USA

Curious about what unfolds once the LOI is executed?


I'm considering putting together a series to demystify the post-LOI due diligence journey, delving into real-life deals we work on at Rapid Diligence.

The goals are simple:
1️⃣ Share the details of the deal (type of business, size, location, etc.)
2️⃣ Divulge our firsthand discoveries during due diligence — the triumphs, the trials, and the lessons learned, providing valuable insights for your own deals
3️⃣ Disclose the fate of each deal and the conclusions drawn from our findings

Of course, we're going to anonymize all identifying information, seek consent from clients, and only reveal findings post-close.

⚠️ Here's where I need the Searchfunder community's input ⚠️ As an #SMB buyer, would you find this valuable? If so, what specific aspects pique your interest?

This will require considerable effort on our part so I'd love some feedback to gauge if this is something folks will find useful.

I'm hoping initiatives like this can cultivate a greater culture of shared knowledge within the #SMB community!

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commentor profile
Reply by a searcher
from Northwestern University in Bozeman, MT, USA
I like the idea, Ahmed! I’d be interested in 2 pieces: 1) the financial - did you ever see shell games played and had to uncover uncomfortable truths of the financial health?

2) the biggest surprises you found along the way, and suggestions to keep an eye out for similar surprises in our searches.

I think the operational diligence is going to be so unique and there will never be a substitute from understanding operations on the ground, that it’s an area I’d not focus on for the series you’re describing.

thanks!
commentor profile
Reply by a searcher
from Università Bocconi in Sydney NSW, Australia
Hey Ahmed, That sounds like a great initiative! The whole due diligence thing can get pretty tricky. The closer we can align expectations with reality, the smoother things will go. I'd be interested to learn about the entire process: What exactly should we be paying attention to during financial, legal, operational, and tech due diligence? Any common red flags we should be on the lookout for? Additionally I'd like to explore potential mitigation strategies that could help us minimise risks as we venture into the business.
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