Mourning a deal

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by a searcher from Gustavus Adolphus College
in Minneapolis, MN, USA

4yrs ago

Mourning a deal

Does anyone else feel sad when they pass on a deal they really like?

I am struggling to let this deal go. I know it’s not the right deal but I feel like I’m grieving.

I think it will be the right deal for someone else just not me.

1 Like

216 Views

reply by a searcher 4yrs ago
from Dartmouth College in Park City, UT, USA

Yes definitely. Has this happen late last year and the important thing is to continue to trust your process and stay disciplined emotionally when evaluating go / no go decisions on each deal.

reply by a searcher 4yrs ago
from Columbia University in New York, NY, USA

^redacted‌ Definitely been there. But a ray of hope: stay engaged.

Not sure if this is originally attributed to this article: redacted but I agree with the sentiment. Every deal dies 3 times before it's done.

We've noticed that sellers are just getting this journey started (whereas a seasoned buyer can have 1-3 years of experience looking at deals). As a result, they need to go to market and learn a bit. The problem you are offering to solve still exists (and in the good deals, it's rarely financial). That seller will seek another route. In cases where the "right" buyer includes a very small number of operators, you are likely to see them come back around.