Behind the Scenes of an $85 Million Exit with Oliver Palmer [Ep.159]
Selling a business for millions of dollars is a dream that many entrepreneurs chase, but only a lucky few ever achieve.
Oliver Palmer is one of those entrepreneurs. He founded a mobile technology business and sold it for an impressive $85 million.
In this episode, Oliver takes us behind the scenes of his multi-million dollar exit. From the disappointments of a failed acquisition to the high of finding the perfect buyer.
He also explains the many benefits of using an advisor during an exit. According to Oliver,
“The best thing we did when selling our business was engage an advisor. It allowed us to position ourselves in front of acquirers we'd never even heard of. An advisor also brings legal advice and puts the sale together in a way that’s ideal for a buyer. If everything's all lined up, it's so much easier to get to a yes. You can't put a price on that.”
Oliver also reveals the common problem his new firm, DQ Ventures solves by helping entrepreneurs build sustainable businesses from scratch without risking their day jobs.
Whether you're a budding entrepreneur with a big idea or an experienced business owner aiming for a major exit, this episode has something for you. Enjoy!
Sit back, grab a coffee, and get a behind-the-scenes look at what it’s like to sell an $85 million business!
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