Bhaskaran bought a $3.5M revenue PE business for $1 million
Vivek Bhaskaran · He Acquired Companies through Whatsapp. Bootstrapped with $30m in revenue today. · May 3, 2022 · at 10:23
QuestionPro founder Vivek Bhaskaran describes opportunistically purchasing a private equity portfolio company in May 2020 as the seller rushed to close out its fund.
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“So it was making three and a half million bucks. I said, well, I'm not going to pay anything for this. So I typed in that email and I just put an offer letter on my iPhone, and I offered them 800 grand. And they came back and said, would you do one million? I'm like, ah, shit, we have a deal now, right? I'm at 800, you're at a million. Somebody's gonna close at this point, and I'm getting three million bucks in revenue. I'll take that deal any day of the week.”
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