Wagstaff: PE firm's retrade reduced Spectora valuation to $70M
Kevin Wagstaff · Episode 776 | How Bootstrapping Led to a Life-Changing $90M SaaS... · May 27, 2025 · at 40:28
Spectora co-founder Kevin Wagstaff describes a Bay Area PE firm that issued a retrade offer the day before closing.
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“It effectively reduced the price, I think, by about five, but it was like by ten million. So I think it ended up being an effective kind of seventy million dollar valuation when you factor in the earn out and a call option, which is they wanted to reserve the right to buy more of the company at a fixed price, no matter how much value we added.”
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