"A Lowercase 'C' Cost Me £550K”: CEO Shares Lessons Learned from a Private Equity Earn-Out

In this episode of Brains Byte Back, we sit down with Sam Oliver, CEO of OpenFI, a conversational AI tool designed for businesses looking to elevate their customer interactions. The London-based author and serial tech entrepreneur joins the podcast to share a cautionary tale about a private equity earn-out deal that took a sharp, expensive turn during the sale of his previous company. Due to a minor but relevant lowercase "c" in the contract defining "connected parties," Sam lost over half a million pounds in the midst of closing the private equity earn-out agreement.  He shares the lessons he learned from the deal, providing valuable insight and actionable advice for founders that could one day find themselves navigating their own exit strategies. As well as what’s in the works for his current venture OpenFI.  Find out more about Sam Oliver here (Linkedin) -  https://www.linkedin.com/in/sam0liver/ Find out more about OpenFI (website) -  https://www.openfi.tech/ Brains Byte Back: Reach out to today's host, Erick Espinosa (Linkedin) -  linkedin.com/in/erick-espinosa Get the latest on tech news - https://sociable.co/  Leave an iTunes review  - https://rb.gy/ampk26 Follow us on your favourite podcast platform - https://link.chtbl.com/rN3x4ecY Find out more about our sponsor Publicize - https://publicize.co/startup-resources