#80: Disrupt Yourself or DIE with Kison Patel, CEO of DealRoom

No one but Kison Patel would think, hey maybe I should buy this methadone clinic for $1.5 million. And in three months, Toronto sells it for 3.5 million. This dude almost had that deal in the bag, and then the financial crisis hit. And that's when he really got going.  He moved on his way to M&A software, domain name marketing, etc.  But he goes into talking about product validation and product distribution. And what he's been learning is, don't just create your harebrained idea and think everyone's going to love it. No work backwards, reverse engineering, get the people on the phone, talk to them, find out what really bugs them, what could really solve their problem? We go into detail around all of that, above and beyond all the M&A stuff. So sit back, relax and enjoy learning a whole lot about M&A. SHOW NOTES 02:48 Going into Real Estate 05:58 P&L's 09:40 Business Broker Learning 13:19 Trans-Atlantic Investment Advisory 14:45 Selling Gas Stations 17:04 Selling Hotels 23:20 Getting Stiffed on Selling Property 24:40 Working With Corporations 25:42 Letter of Intent, Indicator of Interest 30:10 Becoming an M&A Pro 31:17 Amer's Restaurant Fax Machine 33:40 Selling a Methadone Clinic 37:38 S1 Filings 41:30 Lending to Freddie Mac, Foreign Markets 43:00 Losing Book Value 45:00 Damaging Social Networks 48:55 Wild Disclosures in S1 Filings, 100 Websites 53:05 Marketing Through Domain Names 56:15 Findbanker.com  59:05 Kison's Podcast 01:01:25 The Website's Failure 01:03:42 Feature Creep 01:57:20 Content Ink, Learning Distribution 01:05:33 Don't Assume 01:11:50 Product Validation 01:17:38 What is M&A 01:22:27 Bayer Buying Monsanto, Roundup 01:35:25 M&A is Complicated Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah