Bryan DiGiorgio, founder of 1840 & Company, outlines the initial M&A timeline for acquiring Spanish startup Swearit.
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“We went fairly quick, I think, through the initial process to get to a letter of intent with them. What the same might have been, 30 days could have been 45, but relatively short order.”
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More from Bryan DiGiorgio
Insight
DiGiorgio: Foreign Operators Need Trusted Local Partners to Avoid Being Exploited
“You always need to get a person that's there that you trust. Locally, and, you know, that's just from experience from talking with. I'll say other foreigners that have companies that are in other countries, because as you being a foreigner. You know, people wi…”
Bryan DiGiorgioJun 14, 2024▶ 14:38Startup Acquisition Stories With Bryan Digiorgio, Founder of 1840 & Company
What-if
DiGiorgio: Delaying Cross-Border Legal Work Cost Us a Month in M&A
“If I understood it better, I would have started the process as we started due diligence. And not have lost that month in the due diligence to then start the process.”
Bryan DiGiorgioJun 14, 2024▶ 11:29Startup Acquisition Stories With Bryan Digiorgio, Founder of 1840 & Company
Disclosure
DiGiorgio Used a Stock Purchase to Avoid Creating a Spanish Entity
“We decided to actually do an equity deal. With them and actually purchase stock. So it wasn't an asset. So, because I didn't want to go through trying to figure out how to set up a company in Spain.”
Bryan DiGiorgioJun 14, 2024▶ 11:57Startup Acquisition Stories With Bryan Digiorgio, Founder of 1840 & Company
AssertionNot checkable as stated
DiGiorgio: Swearit Sells Across the EU Driven by Wine Labeling Rules
“Most, most of what's where it's doing right now is actually in the EU because of some legislation around wine labeling in the EU. So, we're effectively selling into all the countries into the EU with it.”
Bryan DiGiorgioJun 14, 2024▶ 12:46Startup Acquisition Stories With Bryan Digiorgio, Founder of 1840 & Company
Disclosure
DiGiorgio: 1840 Leaves Rollover Equity in Acquisitions to Retain Founder Support
“What we've done with some of our deal, with our two deals is actually we've left them with a piece of the equity. So, we require most. But, you know, we hopefully are giving them a taste at the end. So we, so they would help us more. With the transition and be…”
Bryan DiGiorgioJun 14, 2024▶ 21:54Startup Acquisition Stories With Bryan Digiorgio, Founder of 1840 & Company
Disclosure
DiGiorgio: Building a Blockchain-Based Private Debt Marketplace
“You know, we're one of the other companies that we're actually building is a private debt marketplace. And that private that marketplace is going to be built within blockchain.”
Bryan DiGiorgioJun 14, 2024▶ 4:33Startup Acquisition Stories With Bryan Digiorgio, Founder of 1840 & Company
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