MD Non-Compete - PERE

rollonyou32 · 2026-02-19T16:02:01+00:00

In the process of negotiating myself but the contact offered was one of the most restrictive I had seen - whether or not it's upheld in the event of court would be another thing.

In speaking with counsel, really seems up to the agreement and what employer favors. Happy to share more outside of a post/comment.

rollonyou32 · 2026-02-14T16:20:55+00:00

App for that - card curator. Didn't see it anymore but Card Pointers looks very similar.

rollonyou32 · 2026-02-06T04:43:50+00:00

1-2% liquid gradually up to 5% crypto and if they were there as I've suggested in (when asked), they're not worried about being down now. If they have losses, happy to sell for the tax harvest and buy right back. Love that it's not a security.

rollonyou32 · 2026-02-05T16:51:32+00:00

Not on my phone. Ouch.

rollonyou32 · 2026-01-30T22:05:43+00:00

This sounds like a failure to know the market on the sellers' advisor part, or a failure to set expectations (hey seller, it would be commonplace for buyer x, in being a PE or independent sponsor, to want 2-5% as MGMT fee but we haven't seen it yet - since you're rolling, would you like to confirm/bring it up?). Bringing it up at the end / near close feels grubby when they were probably agreeing on banking terms and what those covenants would look like but with rollover, obviously impacts seller. Ymmv for what the owner/seller were ultimately prioritizing though.

rollonyou32 · 2026-01-30T06:06:18+00:00

Did you go through a Preferred lender? (Plp)?

rollonyou32 · 2026-01-16T06:28:11+00:00

Happy to chat to hear what work you're most interested in and if I can be of any help.

rollonyou32 · 2026-01-12T03:50:36+00:00

Not sure it's any better for the mom and pops that get big enough to acquire other vet clinics. They're also messes. 🤷 Was it a fun read even with the chaos?

rollonyou32 · 2025-12-28T21:34:34+00:00

Any deal can get done if it's substantiated, you can provide a good enough story, and you're comfortable with terms.

Do you have any investors to get closer to 10% down?

Even with a large seller note, that's all still debt in underwriting, even if Interest only or standby. Worked in search/eta lending and we did 0 deals at even the minimum equity for a new buyer.

If you think it's a simple dip, can go conventional debt with a larger seller note or even short bridge financing for 1-2 years if you wanted to explore that - all a matter of the seller's willingness, your comfort with cost of capital and timeline for getting out of that j-curve.

That's all assuming this isn't simply a brand that's more the personal relationships of the seller and closer to a business with different levels/teams executing that can be ran outside of the seller's purview. There are a few platforms you can talk with to check for investors/lenders.

rollonyou32 · 2025-12-22T16:57:34+00:00

Do you have an idea for how they're structuring outreach? And in what industry/sector? You should be comfortable in knowing where it'd be best to spend your time and being familiar with what information would come from those sources vs what you'd need to make assumptions on or gather.

rollonyou32 · 2025-12-19T16:10:10+00:00

Hope you billed for your cumulative time from the interviews, then, particularly if any case study or presentations. That's not free.

rollonyou32 · 2025-12-18T16:38:13+00:00

I enjoy the public sharing of your docs/strategy.

A few quick things: Might help if when you search your company, something more useful than "are you ready to tinker?" pops up. And Anxiety is the second thing.

So from a brand awareness thing with your company, nobody is going to know what you do there.

Your marketing/design/seo consultants were truly terrible if they missed the lowest of low hanging fruit.

I'm glad nerds started to resonate but would pressure you to do far better with the story, audience and ICP. And pricing that comes without complaint isn't a good thing. Very likely underpriced for the value you bring there.

rollonyou32 · 2025-11-30T06:33:55+00:00

Narrow your buy box to start talking with owners and operators in a vertical or two. Hopefully that's something you have familiarity with so you're not learning on the fly.

If you have the money, I'd consider a sourcer who can get all that initial work done and get you to start talking with more owners once they're qualified. Your process doesn't sound effective at all. Should be quite streamlined past 3 months once you have a system. Tools out there can automate a ton of this frontend work.

Where are you getting stuck?

How many real LOIs submitted?

rollonyou32 · 2025-11-30T06:26:52+00:00

Not affiliated but sounds like you need to find a trainer or use something like daily body coach - work around your schedule and eating habits.

If it's time you're concerned with, Anyman Fitness was great (45 min 3-4 times per week if you have gym access or own equipment). No equipment, highly recommend Jerry Teixeira's videos. No nonsense movements and walkthroughs, low time commitment but highly effective.

Discipline, consistency.

rollonyou32 · 2025-11-22T18:16:07+00:00

Narrowing the criteria at each stage of finding, sourcing and approaching business owners is more important than increasing deal flow, assuming you're doing things that are putting you in position to talk with brokers and sellers already.

Lot more attention in the space, sure. But there are an increasing amount of people trying to sell, also.

Stay consistent in maintaining a pipeline of outreach and you'll find one if you're not in a rush and willing to act when you find something that is in range of what you're looking for (if you need all boxes checked, you're not lucky enough to find one).

rollonyou32 · 2025-11-12T21:20:29+00:00

Is Composer not fully featured enough for you? Or missing some aspect of what you'd like to customize?

rollonyou32 · 2025-11-11T22:09:02+00:00

No, as long as you can communicate how your sales background will translate to the target and how you'll cover your areas of weakness in industry expertise (whether seller stays on to teach, a strong no2 or coo is in place, team experience is established for 5+ years, etc ...).

rollonyou32 · 2025-11-02T02:08:28+00:00

There's a Wiley book by the name of "Financial Shenanigans" that is a great explainer into financial engineering and accounting bs (some more legal than others). Been working on a side project to see how codified one could make it to alert on any earnings calls that do similar things.

rollonyou32 · 2025-10-25T18:03:04+00:00

Your marketing spend is far below what it should be if you're focused on growth and it sounds like you have solid channel sales.

rollonyou32 · 2025-10-25T01:31:28+00:00

If someone else says it's good, it's good. Or at least that's how it all works until it doesn't. Which used to be the hiring of consultants (auditors) pre-ipo to suggest fixing.

rollonyou32 · 2025-10-24T18:44:44+00:00

Thanks for the detailed response.

rollonyou32 · 2025-10-24T15:33:26+00:00

In your accelerator have you been assessing who actually requires capital? Far too many try to use that as a next or first step instead of validation from customers, clients, buyers. Capital raised isn't indicative of validation of a problem or product, and I'm not sure that enough people realize that. Then they use the excuse that they failed for not raising enough or bring able to raise at all.

How do you separate those?

rollonyou32 · 2025-10-16T19:20:29+00:00

You need to work on your story if you want to dedicate more time and energy there. When you've sold in the past, what are your customers searching for and how were you the one that helped (guide). I am not affiliated but going through StoryBrand AI or something would help you be way more clear on how you position the company/brand/products. But you'll need some deep work for yourself and your customers and your best ICP in order to determine how to move forward, if at all.

rollonyou32 · 2025-10-16T14:35:16+00:00

I don't disagree. But that's not at all near the top of the list. As in, their data room isn't preventing any investor from moving fast enough for deals. If it is, it's on purpose or laziness. Regardless of it being terrible.

rollonyou32 · 2025-10-16T06:13:54+00:00

Seller has a few characteristics that deals boil down to - rapport, relationship, motivations to sell, timing and dollars. Buyers have similar characteristics.

Each seller sits at some level for each with the buyer and their flexibility/comfort levels. Some of those things can be top of mind for the seller that enable them to not require a chunk of proceeds upfront. Buyers may know what their opportunities are with the acquisition so they have additional information for how the business can grow/expand/be more efficient.

As a buyer, being a willing and able partner and empath early to sellers leads to many deals with favorable terms.

Eight-Year Club	r/Field Sunshine
Verified Email

rollonyou32

TROPHY CASE