In this episode we chat with Brent Sanders and Roman Beylin on due diligence when it comes to technology. This discussion is everything a first-time (or tenth-time) seller needs to know when it comes to managing your exit strategy with technical diligence.
Some of the top things a first-time buyer should take away from this session:
- Why proper documentation right from the beginning is key
- What licenses really mean and how you may need to upgrade your software dependencies and packages
- The rubric for what a buyer is looking for: code, testing infrastructure, source and product management, how team works, service set up
- The key licensing questions you need to be clear about with your company
- Why folks that work with brokers tend to leave it up to the buyer to be diligent rather than be proactive in being diligent
- The role attorneys and fractional CTO’s have in technical diligence and who else you need to talk to in your business to get started
- Why centralizing access control and single passwords are essential
- Understanding legacy code and why you need to be prepared to go places that haven’t been touched in a while
- The most common things that business owners get wrong with the transition
- Why agencies often aren’t necessary and how to avoid a walking dead portfolio company
- At what point in the M&A it makes sense to bring on someone to help with technical due diligence
- The importance of diligent password management
- Why it’s important to keep your software updated constantly to minimize risk and mitigate future issues
If you’re looking for a smooth transition, this episode on technical diligence is not one you’ll want to miss. Tune in to get all the details to manage your exit smoothly.
Related episodes:
Who's Your Buyer? A Look Into the Most Common Types of Buyers in a Business Acquisition
Don't Spill the Bean. Why Confidentiality Matters when You're Planning an Exit
Links:
VerneHQ
DueDilio
FastCTO
Keywords:
Due diligence in technology, passwords, technology, tech, licensing