Two entrepreneurs discuss the messy reality of acquiring SaaS businesses, including how to handle existing customer accounts and why due diligence takes longer than expected. They share concrete problems they've hit when buying companies.
There are, you start to realize just how many accounts there were that you set up eight years ago for email notifications and all this other stuff, and then maybe you're on some super legacy aws account from 2009. It went pretty well. I think the biggest snag was maybe because I was Canadian, getting acquired by American companies, we couldn't just transfer the stripe account because it's like, set as a Canadian entity type thing. So we had to actually switch over stripe keys and stuff, which wasn't as seamless, but for the most part, it, it went all right. Yeah, no big issues there.
Nice. Yeah. Due diligence is, is. It can be. It can test you as an entrepreneur. You know, it can, it can go on for months, it can go on for, for weeks, depending on, on the buyer. But and then also the complexity of the business.
The Buyers Who Made the Move: What They Bought, How They Did It, and What Happened Next
