Feld Thoughts

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The Agony and Ecstasy of Selling My First Company

Feld Thoughts

I learned that they weren’t in New York, but were in Stamford, Connecticut, which I’d never been to. Len explained that was their formula for doing deals – 2x multiple of Net Income + balance sheet cash + a three year employment deal. They’d acquired a few companies so far and had LOIs out to a few more.