Sold to Strategic Partner | Itai Ben-Gal
Itai Ben-Gal took his passion for home audio and video and turned it into a flourishing business, ultimately selling iRule to a strategic investor. Itai has some of the best advice we’ve ever heard for our fellow founders going through an M&A process - both professionally, and personally.
E2: Today, Itai Ben-Gal joins the podcast to talk about how he took his passion for home audio and video to build, scale, and eventually sell iRule to a strategic investor. You'll learn how he raised capital through a variety of channels - angel funding, venture capital and strategic investors, navigated a complicated sale, and how he and his business partner managed a very complex earn-out. He even talks through how he used his iRule exit to "accidentally" start his next company, Nerdy Bunny.
Itai has some of the best personal and professional advice we’ve ever heard for our fellow founders going through and M&A process - we hope you enjoy the conversation with Itai.
Itai has some of the best personal and professional advice we’ve ever heard for our fellow founders going through and M&A process - we hope you enjoy the conversation with Itai.
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This episode is brought to you by Exitwise: https://www.exitwise.com
Exitwise helps business owners create the exits they deserve by assembling the best teams of industry specific, M&A experts, who will help maximize the sale of each business.
How Does It Work:
1. Schedule A Call: Schedule a call with one of our M&A Advisors and we'll walk you through the entire process of selling your business, from market valuations to M&A expert fees and from due diligence to the signing of your purchase agreement. We're here to answer any questions you may have.
On this call, we'll want to learn about the history of the business, your financial performance, your management team and listen to your thoughts and requirements for selling the business so we can make sure to find the best M&A experts to help maximize your exit.
2. Review Top Experts: Once we've had a chance to process all your business information, we'll share with you, our top choices for investment bankers, M&A attorneys, and tax accountants to help maximize the sale of your business.
2. Review Top Experts: Once we've had a chance to process all your business information, we'll share with you, our top choices for investment bankers, M&A attorneys, and tax accountants to help maximize the sale of your business.
We’ll present each M&A expert’s transaction history, estimated valuation range for your business and their fee structures. Then we’ll talk through the pros and cons of each choice to help you prioritize and make the best decisions.
3. Negotiate & Hire: Finally, when we've narrowed it down to your top choices, we'll negotiate your engagement letter with each M&A expert to make sure fees and terms are fair for everyone. We know what to look for and we know how to keep everyone incentivized for your optimal outcome.
Once your M&A experts have been selected and you’re ready to move forward, we’ll collect signatures and get everyone to work.
