· ·
"They die in diligence" is painfully accurate. Watched a friend lose a mid-six-figure deal because 38% of revenue came from one customer and he couldn't prove retention on the rest.
7
The key-man risk one is the trap for solo founders. If the business is you answering support and shipping fixes, you're not selling an asset, you're selling a job. Systematize before you list.
1
