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Charlie Feng
@charliecf
Mistakes I’ve made buying my first biz: - not having an earn out where seller is on the hook for a year (min 6mo I’d say) - margin too low to effectively hire - underestimating working capital needs (very diff from software) - weak diligence in their gtm channels (…prob more gotchas that I fell for)
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Cameron Armstrong
@cameron
Can you say more about the working capital issues? Would love tangible examples if you can share
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Ben 🟪
@benersing
Thanks for sharing! Do you still own it?
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