Episode of My First Million with Sam Parr and Shaan Puri.
Topics
- Introduction: The Reality of Buying a Business
- Dan Certner’s Background: From Facebook Fraud to Startup CTO
- The Decision to Buy: Moving from Tech to Acquisition
- The Deal Structure: Buying Fleet Packaging for $3.4M
- The Search Process and the Secretary Problem
- Evaluating Deals: Memos and Avoiding the ‘Job’ Trap
- Closing the Deal: The Tartufo Moment and Negotiation
- Post-Acquisition Reality and the ‘Profit First’ Framework
- Brainstorming: Unsexy Businesses and Family Entertainment