Buying A Business Back Again | My First Million Podcast

About this video

Sam and Shaan discuss a friend’s experience buying and selling the company Webshots multiple times, and explore the business idea of a specialized “undertaker” service that helps wind down failing tech companies by managing asset liquidation, talent placement, and official closure procedures.

Key takeaways

• Sam’s friend bought Webshots for pennies after an initial $80M sale, then sold it again for $20-30M, and has since bought it back again—demonstrating potential value in distressed asset acquisition
• A specialized company wind-down service could capture value by managing the complex, unglamorous process of closing a tech company including asset fire sales, talent transition, and regulatory compliance
• Investors value proper company closure procedures to avoid tax complications and ensure no hidden liabilities, creating demand for a professional undertaker service that handles this unglamorous work

Episode details: published February 21, 2020 · 293 views · 1:27 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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