Take Five #071: How to structure a purchase deal with investors as a self-funded searcher, and more
Codely v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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Take Five #071: How to structure a purchase deal with investors as a self-funded searcher, and more
1. Insightful deep dive into a failed robot pizza delivery startup’s demise
However, as amazing as AI has become, it seems like if you’re a dough-flipping, marinara-spreading, and cheese-sprinkling human at Dominos, you’re good for now. The robots haven’t figured out how to deal with sliding cheese
Apparently, hot mozzarella + R2D2 + moving pizza truck = closed $2.3B startup.
But, the issue of messy cheese and mediocre pizza quality is just one slice of Zume’s problem pie that led to their failure. Was that too cheesy?
As we’ll see, over-indexing on technology, creating a big value gap, drastic pivots away from the core vision, and ego over execution can be fatal moves. Their story also gives us an important reminder (an obvious one, but always worth repeating) that just because you have innovative tech and lots of money to fuel growth, it means nothing if you’re not aligning it with market needs.
Read How They Grow’s full analysis here.
2. Read this before you buy: 11 acquisition traps that can burn your purchase and profits
So you wanna buy a business?
Bad news first: it can go VERY wrong.
And if it does, it can put you in the poor house.
Good news: I can help you.
I’ve built and bought a bunch of businesses. Plus my podcast Acquisitions Anonymous looks at business listings every week. In 2022, I studied over 1,000 businesses for sale. This year I’ve lost count.
For me, running a healthy business is essential to my well-being. Maybe you feel that way too. So the thing I hate is seeing people buy themselves a problem they can’t get out of.
Here are 11 traps to watch out for when you’re buying a business.
I’ve seen people fall for all of them. And it’s not pretty.
Read Girdley’s complete list here.
3. How to structure a purchase deal with investors as a self-funded searcher
4. First-time buyer purchases decades-old tree business from founder
Military vet-turned-SMB-buyer Don Gourley talks about his location-centric search process, working with interns to improve efficiency, and why he chose to buy a 45-year-old tree business from its industry-leading founder.
5. Common small business oversights and how to avoid them
Loved what you read? Subscribe to Take Five to get our top quick reads every week from the team at Kumo. Kumo aggregates thousands of sources into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.
