Sidhu killed two acquisitions because sellers refused to share codebase access
Sukh Sidhu · Startup Acquisition Stories with Sukh Sidhu, Founder and CEO of Stridist · Sep 27, 2022 · at 19:09
Sukh Sidhu, CEO of Stridist, discusses seller red flags during acquisition due diligence with MicroAcquire founder Andrew Gazdecki.
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“I got in a couple of situations on On micro-acquired, I think, one-off, where I didn't end up buying, and this is, again, pre-Stridist, where I submitted a letter of intent, we moved into due diligence, and the seller just was still really unwilling to share much at all, and I understand, kind of, the protectiveness still, but there comes a point where you're going to have to share, like, code, or at least some code, or at least some insights to the platform, and on both of those occasions, it was a case of, They wouldn't really show much of the code. It was like, here's a snippet of the code, or here's a quick screen share live on a call, but you can't record it.”
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