One Man LBO (@onemanlbo) 's Twitter Profile
One Man LBO

@onemanlbo

Former investment banker | 10Y at value hedge fund | next: self-funded search for SMB (Mountain West). Posts opinions, not advice.

ID: 1709734402710777856

calendar_today05-10-2023 00:57:18

1,1K Tweet

2,2K Followers

191 Following

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All posts on Searchfunder inevitably fall into 1 of 3 topic categories: 1. How do you calculate SDE? 2. How do I get 100% seller financing? 3. Who here has experience in the hydraulic crane maintenance space in Southeastern 300K-500K population metro areas?

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I thought OpenAI’s new Atlas agentic browser and me would be besties. Started out so strong, researching target industry companies for me like a good little intern who doesn’t need bathroom breaks. Then it got stuck trying to delete a cell in Sheets OVER AND OVER AGAIN in a

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Having done this outbound thing for a bit this year, I'm leveraging certain learnings in my personal life If I want to talk to my friends, they now get smacked with multi-touch, multi-channel outreach Call, VM, call, text, email... Until I get them on the damn phone. No shame

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Pretty spot on post. The ETA window of opportunity has narrowed and shifted towards smaller, harier deals. Meaning it takes a more capable operator today to execute the average deal successfully. Unfortunately, the marginal buyer coming into the industry is of lesser quality.

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REPO MAN BUSINESSES ACROSS THE COUNTRY ABOUT TO EXPERIENCE a 5-TURN UPLIFT IN AVG EBITDA TRANSACTION MULTIPLE Once it hits the WSJ front page, IT'S OVER

REPO MAN BUSINESSES ACROSS THE COUNTRY ABOUT TO EXPERIENCE a 5-TURN UPLIFT IN AVG EBITDA TRANSACTION MULTIPLE

Once it hits the WSJ front page, IT'S OVER
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It is pretty amazing what AI can do in terms of company target list enrichment. I trained GPT-5 Thinking with extensive instructions on business models I like + patterns to look for. Then I fed it several broad-based lists with local company names. Then, in small batches, I'm

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If you need any more evidence as to how battle-hardened and unfazed some trades owners are... this just happened. On a call with company owner. He's taking it from his car, sitting in a parking lot. About 3 minutes into the call, he gets hit by a 25 year old guy with a brand

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If you're an analytical autodidact, this may be the greatest time alive to acquire businesses selling a niche technical product or service. You now have a 24/7 on-demand LLM tutor who can boil down the most complex technical detail into plain high school level English. You can

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Looking at a deal where company is the exclusive distributor for a really neat, mission critical process product. Don't own the IP. They're effectively an outsourced sales + service team. Man, it is tempting. Like, REAL tempting. But the downsides are very real. 100% product

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Firmly believe that the replacement value of B2C home services brands + customer databases is rising, driven by digital ads having become so expensive. Businesses that have been around for a few decades have benefited from a much greater bang for their buck in terms of customer

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A month ago, we moved our family to Boise, Idaho. No SMB acquisition lined up yet. Professional path TBD. Jump and figure out your parachute on the way down (funny, because I've always been a very measured risk taker). And it's been 110% the right decision. Love this place.

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I think back to this conversation often. This is your daily reminder that greenfielding a brand new resi HVAC / plumbing / electric location today takes even seasoned operators millions of dollars in ad spend to build the brand. Can't even imagine the risks a fresh MBA with no

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This is going to be good and well worth the time for anyone active in the LMM M&A space. Listen and learn from a smart and experienced active practitioner. Some people still give away gold without productizing it. Crazy, I know.

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This is spot on. Most people are not cut out for this. I understand the exploratory stage of figuring out if ETA is the right fit. Went through it myself. But at some point, you have to feel a gravitational pull towards this. Usually because it aligns with a personal vision

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What do you do when you move to the mountains? You take a deep breath of fresh air. And then, you immediately buy a 4Runner. Obviously

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Was chatting with Parker Cox this morning about service business models. My own view is that there's basically two extreme ends of the spectrum in terms of how businesses can scale: 1) Big ticket, transactional, one-time customer engagements where you're effectively a sales org