Sanchez enforces three strict governance rules on every acquisition deal
Codie Sanchez · Why Playing Small Is Keeping You Broke · Aug 18, 2025 · at 13:07
Investor Codie Sanchez explains the due diligence and governance protocols she implemented following a fraudulent deal.
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“Whenever I do a deal, I make sure three things are true. One, that there is no personal relation between the people on the cap table, the bank, and the accounting firm from my founders. We gotta make, it turned out he had like, 47 cousins, they were all involved in the deal, and they were all defrauding us, and so I wanna make sure, like, I believe in doing business with my family, but not, not yours. I don't know yours. And so, that's one. Two is I only do tranched, milestone-based investing. I don't ever give that big of a chunk up front, again, because I want to see what you do with my first couple of million. And then three, you want what's called, ah, you want what's called financial oversight. So basically, I want, when I do a deal, to make sure that in my deal, it lists, like, if you're gonna do a big purchase, you have to check with me. I have daily bank account access.”
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