Most people think high-dollar exits are the dream. But for many founders selling their business, legacy beats price.
It’s not intuition, it’s firsthand. When our team speaks with owners, especially in the SMB market, we rarely see legacy concerns as an afterthought. Instead, it’s often front and center: What happens to my customers after the sale? Will the buyer butcher our reputation in pursuit of margins? Are the people I trust still going to have careers here in 3 years?
The worst outcomes owners fear aren’t about losing money. They’re about watching the thing they spent 15 years building get gutted in 6 months.
That’s exactly why so many of them are looking for strategic buyers: other operators in their industry. Not PE. These are players who talk the same language, know the pain of serving customers in the space, and—critically—aren’t just looking to squeeze every dollar out of a rollup.
This is where founder-first dealmaking has to get smarter. You can’t rely on marketplaces and inbound demand. If a seller’s ideal successor is a niche competitor or industry peer, they’re probably not browsing platforms. They’re not even looking to buy. You need to find them and reach out directly.
That’s why we built our outbound system. Not to chase more buyers, but to get the right ones in the conversation early. The ones with the right incentives, team fit, and track record—who believe in stewardship over spreadsheets.
Legacy isn’t a marketing line. Owners want to sell to someone who sees what they built and says: I know how hard that was. Let’s keep it going.