In business transactions, selecting the right partner is as important as the numbers themselves, as demonstrated by a case where rolling 30% equity resulted in millions of dollars lost on paper, but the seller's partner honored the deal by wiring the difference from his own account, ultimately allowing the seller to achieve their 3x return years later.
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The Brutal Truth About Rolling Equity and Selling Your BusinessAñadido:
We had rolled 30% so we lost millions and millions of dollars. I was like, "Great. My LOI said I'm going to get 3x. I just made 3x in 3 weeks. This is awesome." He goes, "You actually lost money."
And I was like very frustrated, obviously.
Um but by choosing the right partner and group, Leland said, "Don't worry. I'm going to wire you guys the difference from my own account."
And he did. So he made it [music] right with us and now we stand to get, you know, around 3x, you know, years later.
So, you know, going back to choosing the right group, we chose the right group.
They made it right. Um but we learned a lot in the process and that's kind of what [music] I always try to help people as as like Leland.
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