Join us for an insightful conversation as Michael, the founder of MCIM, shares his remarkable journey. In this episode, Michael discusses the founding and growth of his successful company, MCIM, and the pivotal decision to explore a potential sale or partnership with a private equity firm.
Discover the intricacies of Michael’s approach to this process. Michael’s vision was not to fully exit his company but to continue his involvement post-transaction and find a private equity partner who truly understood the value and potential of MCIM’s groundbreaking product. He shares the key criteria he had in mind when choosing the right private equity firm, emphasizing the importance of a collaborative and meaningful partnership over the size of the buyer.
The decision to pursue a sale or partnership was driven by the desire to seize a unique opportunity and accelerate growth, showcasing that there’s more to these processes than just an “exit.” The host underlines the significance of evaluating potential buyers during management meetings, providing valuable insights for entrepreneurs and founders considering similar steps.
Michael also highlights the crucial aspect of staying actively involved in the business even after the transaction, emphasizing that this is not a traditional “exit.” Instead, it’s a strategic move to further develop and expand a successful business and open up exciting new opportunities.