The Strategic Exit Playbook: How ThinkTank Became an Accenture Acquisition with Timothy Lidman
About this episode
Timothy Lidman discusses the evolution of ThinkTank into an Accenture acquisition and shares insights on preparing for a business exit.
Want a quick estimate of how much your business is worth? With our free valuation calculator, answer a few questions about your business, and you’ll get an immediate estimate of the value of your business. You might be surprised by how much you can get for it: https://flippa.com/exit -- In this episode of The Exit, Steve McGarry sits down with Timothy Lidman, former CEO of ThinkTank and Co Founder and CEO of Clyde, to break down how ThinkTank evolved from a collaborative SaaS startup into a company that was ultimately acquired by Accenture. Tim shares why becoming deeply embedded in customer workflows made the company impossible to ignore, how strong client relationships became the driving force behind the acquisition, and what founders should do long before due diligence begins. Tim also explains the difference between strategic and financial buyers, why timing matters when preparing for an exit, the challenges of valuing a SaaS business through the eyes of a professional services firm, and the lessons he learned from navigating the acquisition process. From preparing your financials and governance to avoiding common mistakes during a sale, this episode is filled with practical…
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