Kevin McArdle, CEO of SureSwift Capital, answers host Andrew Gazdecki's question about the firm's historical acquisition volume.
Opinion
McArdle: SaaS M&A brokers charge hefty fees and fail to deliver
“I don't want to be a broker in five years, because the, especially in, in our space with like SaaS and online businesses, they charge hefty fees. And I'm not sure they deliver.”
Disclosure
McArdle: SureSwift does not load debt, flip assets, or plan fund liquidation
“Technically, we're a private equity firm, but most of what people know about PE, which is,
Buy load with debt, strip out expenses, and then flip to the next size buyer.
We don't do any of that.
we don't plan to liquidate our funds.
So yeah,
I just prefer…”
Insight
McArdle: Existing teams add SaaS acquisition value, solo founders add risk
“If it's a solo founder with no team and no plan, and if they're gone, you know, the business is hosed. Well, that that's a problem. But if it's somebody, a founder who's built up a team and they're ready to step out, then that, Adds value to the business.”
Insight
McArdle: Founders forced to sell without preparation sell at a discount
“We've seen a lot of situations where people are sort of forced to sell a business for one reason or another. And if you haven't at least thought about these things, haven't had a couple of conversations, haven't like documented the things you're going to docum…”
Opinion
McArdle: Elon Musk would not make his top 20 admired entrepreneurs list
“You could ask me to list 20, and I wouldn't get to Elon Musk. Not that he's not a super smart and super successful guy. He's just not wouldn't be on my top 20 list.”
Disclosure
McArdle: SureSwift operates 30 businesses and focuses on bootstrapped B2B SaaS
“We're currently operating, I think, 30 businesses, so we've sold some of the smaller ones, we've sold some ones that didn't work out, and most importantly, we started to divest. Right now, we're squarely focused on bootstrapped B to B SaaS.”