FAQs
Questions commonly asked by founders and CEOs
What business are you looking to buy?
A vertical software business serving energy, healthcare, or real estate sectors. More about the characteristics we’re looking for can be found here.
Do you have the money ready?
Yes. We’re software executives and institutional investors ready to spend up to $30M of our capital to buy a software company. More about our group is here.
How will you value my business?
Most software businesses are valued on a multiple of ARR. Growth, retention, profitability, market position, and market conditions are some factors that determine what the multiple is.
What happens to me and my team post-acquisition?
We aim to maintain and grow the existing team. With regard to your role, we are flexible and will discuss this early on. We would like a 6-12 months transition period during which you train us on your business and hand over knowledge. You are welcome to stay involved in the business, move into an advisory role, or exit altogether.
What if I don’t have financials ready?
We will request specific information and walk you through the process to make it as smooth and simple as possible. We can put together a financial analysis based on what you share with us.
Why should I partner with Spring Street?
We bring deep operational expertise in building and scaling software companies. This will ensure your people, customers, and legacy will endure. We can also be more flexible in structuring a deal than most other buyers and offer largely cash up-front or equity-based earn-out, depending on what is best for you from a personal and tax perspective. We encourage roll-over equity so you can receive additional payout further down the line as we continue growing your company.