Peach New Media was launched in 2001 and sold in 2015 by Dave Will. Will had built his software company up to 40 employees when he received an offer from the private equity group Accel-KKR that he simply could not refuse.
An earn-out is a way to bridge the gap between what you want for your business and what a buyer is willing to pay. It is traditionally tied to the profitability of you company and they are fraught with problems. In this episode, you’ll hear from Mac Lackey, a veteran entrepreneur who took an alternative approach to structuring the earn-out.