The Tech M&A Podcast is presented by Corum Group, the global leader in tech M&A. The podcast features special reports on sectors, buyers, trends and M&A processes, as well as panel discussions and Q&A featuring both recent sellers and major tech buyers like Google, Microsoft, Salesforce and others.
In
this episode of the Tech M&A Podcast, Richard Addotta,
co-founder and CEO of WRM, shares his journey from working in
utilities to founding a software development company focused on
storm response solutions. He discusses the motivations behind
selling his company, the changes in his life post-sale, and offers
valuable advice for aspiring entrepreneurs. Richard emphasizes the
importance of timing, expert guidance, and the personal fulfillment
he now experiences as he transitions into a new chapter of life,
focusing on family and personal growth.
Takeaways
WRM
focuses on improving storm response through innovative
software.
The
decision to sell was based on timing and business
readiness.
Life
after the sale has significantly reduced stress for
Richard.
Having
expert guidance was crucial during the sale process.
Patience
is essential when navigating the sale of a company.
Richard
is excited to spend more time with his family.
He
aims to be actively involved in his children's lives.
The
sale allowed Richard to achieve a better work-life
balance.
Richard's
journey highlights the importance of recognizing personal and
business milestones.
Chapters
00:00Introduction
to WRM and Richard's Journey
03:02The
Decision to Sell: Timing and Motivation
05:48Life
After the Sale: Personal and Professional Changes
07:51Advice
for Future Entrepreneurs
About the Podcast
The Tech M&A Podcast is presented by Corum Group, the global leader in tech M&A. The podcast features, interviews with CEOs, special reports on sectors, buyers, trends and M&A processes, as well as panel discussions.