Скачать или смотреть A $10m Acquisition for Freedom and Family | Anica John Interview

Lots of great details in today's interview. DiggyPOD, a print-on-demand service for self publishers, is a bigger business than is typical in self-funded search. Our hero Anica John paid almost $10m, which means she needed $2.6m of pari passu debt on top of the SBA loan that maxes out at $5m. She also had seller financing. We'll hear how she structured that.Then there was another $1m that went to cover excess cash requirements, the fee to Rejigg (the platform where she found the deal), and other items, bringing the total project cost to about $10m. Also, DiggyPOD is far from Anica; she lives in Palo Alto while it is based in Tecumseh, Michigan. The business has two other attributes which would scare off many searchers: it is declining, and it is capex-heavy. Anica addresses both of these points. You'll learn about the self-publishing industry, which is surging, and a great fit for Anica's background in working in products for creators. Finally, listen for Anica's why: she's a mom and wanted to control her schedule in way that life at Amazon, her employer, just wouldn't accommodate. And she wants to spread the awareness of ETA to other women frustrated by the mom-unfriendliness of high-paced corporate life. So if you know such a mom, forward her this episode please. OK, here is Anica John, owner of DiggyPOD.

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Chapters:
00:00 Anica's background
07:00 How Anica discovered the search fund path
12:40 Overview of DiggyPOD's print-on-demand business model
26:45 Complex deal negotiations and near-death of the deal
44:00 Real estate component and equipment considerations
49:00 Handling declining revenue during due diligence
01:02:00 Plans for modernizing business technology
01:09:45 Strategy for implementing AI solutions
01:16:20 Impact on work-life balance goals
01:18:25 Message of hope for displaced tech workers

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

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