Christine McDaniel

4 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Nov 15, 2022 by Christine McDaniel · across every show →

On the record as a speaker too: Christine McDaniel's record, appearances and statements → this page counts the times other people say the name.

Everything said about Christine McDaniel, oldest first

Nov 15, 2022 neutral
Disclosure
McDannell raised on $10M valuation and sold pre-revenue at a discount
“I started a tech company in 2018. We sold it last year, but not for, you know, it was very expensive to build out. Of course we didn't hit revenue. And so we had to sell it at a discount last year, but I was, it was like a fun time, you know, as I was in Los A…”
Christine McDaniel Nov 15, 2022 ▶ 25:33 Startup Acquisition Stories with Christine McDannell, Founder of The Magnolia Firm
Nov 15, 2022 neutral
Disclosure
M&A brokers often reject clients under $120,000 in annual net profit
“The magical number seems to be about a 120 K net profit a year because somebody can quit their job, maybe not in California, but quit their job and like live on that. Right. And so, so that's this magical number. So yeah, we're typically not taking any clients…”
Christine McDaniel Nov 15, 2022 ▶ 24:06 Startup Acquisition Stories with Christine McDannell, Founder of The Magnolia Firm
Nov 15, 2022 positive
Insight
Sellers should send prospective buyers weekly growth updates during closing
“Every single week, we're sending that buyer, like, an exciting email, like, hey, this is a new initiative we launched this week. Hey, these are our sales numbers. Hey, et cetera, and keeping them completely excited, engaged the whole way until the close”
Christine McDaniel Nov 15, 2022 ▶ 20:03 Startup Acquisition Stories with Christine McDannell, Founder of The Magnolia Firm
Nov 15, 2022
What-if
McDannell saved an acquisition after low appraisal via weekly growth updates
“And like, it almost fell out because the appraisal came in so low and I stuck to the full price offer. And, but I know he would have, they would have dropped if they weren't so excited and engaged and watching me grow the company for three and a half months.”
Christine McDaniel Nov 15, 2022 ▶ 20:24 Startup Acquisition Stories with Christine McDannell, Founder of The Magnolia Firm
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