Behind the Scenes of an $85 Million Exit with Oliver Palmer [The Opportunity Ep.159]

Selling a business for millions of dollars is a dream that
many entrepreneurs chase, but only a lucky few ever
achieve.Oliver
Palmer is one of those entrepreneurs. He founded a mobile
technology business and sold it for an impressive $85
million.In
this episode, Oliver takes us behind the scenes of his
multi-million dollar exit. From the disappointments of a failed
acquisition to the high of finding the perfect buyer.
He also
explains the many benefits of using an advisor
during an exit. According to Oliver,


"The best thing we did when selling our business was engage
an advisor. It allowed us to position ourselves in front of
acquirers we'd never even heard of. An advisor also brings legal
advice and puts the sale together in a way that's ideal for a
buyer. If everything's all lined up, it's so much easier to get
to a yes. You can't put a price on that."


Oliver also reveals the common problem his new firm, DQ
Ventures solves by helping entrepreneurs build sustainable
businesses from scratch without risking their day
jobs.Whether
you're a budding entrepreneur with a big idea or an experienced
business owner aiming for a major exit, this episode has
something for you. Enjoy!
Topics Discussed in This Episode:


Oliver's background and how he founded his venture
studio  (02:19)


A behind-the-scenes look at Oliver's $85 million exit
(03:48)


The benefits of using an advisor or broker when exiting a
business (14:59)


The big thing that surprises entrepreneurs when exiting a
business (19:53)


How Oliver's life changed after his multi-million dollar
exit (24:31)


What Oliver's venture studio offers to startup
entrepreneurs (28:13)


The criteria Oliver looks for in a business to fund
(37:50)


The deal structure that Oliver offers startup companies
he helps build (42:19)


Oliver's take on the secret to starting a successful
business (51:20)

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Sit back, grab a coffee, and get a behind-the-scenes look
at what it's like to sell an $85 million business!