Experience with Quiet Light Brokerage

searcher profile

November 13, 2019

by a searcher from Stanford University - Graduate School of Business in Palo Alto, CA, USA

I’m a new and self funded searcher looking for digital/software/internet based businesses. I love that there is such an active and supportive community here. I’ve been reading a lot about sourcing via a broker/dealer and was wondering if anyone had thoughts or experience with Quiet Light Brokerage or know of any other similarly focused broker/dealers.

Thanks,
Steve

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commentor profile
Reply by an intermediary
in Charlotte, NC, USA
Check out www.globalwiredadvisors.com. Our firm was started by myself and my three other partners. We all come from larger institutional Investment Banking, spending 25+ years with various Hedge Funds, PE firms and household names: Citi, Wells, BofA, etc... (I worked with SMB's in Sales/Marketing ranging from $###-###-#### million) Our process as M&A professionals avoids a-lot of the pitfalls business brokers run into when taking a deal to market. Our current deal-flow as we close out 2019 and move into 2020 is approaching over 100 million. You will not see our deals listed on our website, sometimes through the listing sites. My email is redacted if you would like to be on our segmented buyer list! These deals are all Digitally focused - CPG or SaaS. Thanks!
commentor profile
Reply by an investor
from New York University in St. Louis Metropolitan Area, USA
Someone I know acquired a business listed by Quiet Light. The listing said the seller only worked a few hours a week. Not true. The buyer had to work 80 hours a week. QLB said the business earned large sums of money. It turned out the seller knew some info about changes to come that he did not disclose. He was trying to get out before things went downhill. The buyer ended up losing his life savings, his credit, his house, and his only source of income.

Moral of the story: don't believe anything a broker tells you and don't believe anything a seller tells you. Hold back a very large portion of the price for at least six months so you have enough time to find all the skeletons. If the seller balks, you'll know why.
commentor profile
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