Founders

#279 What I Learned Before I Sold to Warren Buffett

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Sinopsis

What I learned from reading What I Learned Before I Sold to Warren Buffett: An Entrepreneur's Guide to Developing a Highly Successful Company by Barnett Helzberg Jr. ---- Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes ---- [5:00]  Then, right there on the sidewalk I told one of the most astute businessmen in America why he ought to consider buying our family's 79-year-old jewelry business. "I believe that our company matches your criteria for investment, I said. To which he replied, simply, "Send me the information. It will be confidential.” My conversation with Buffett lasted no more than half a minute. [8:00] My dream buyer for the family business all along was Warren Buffet. [11:00] "This can be the fastest deal in history," Buffett said. "But what about due diligence?" I asked, surprised at how fast the negotiations were moving. Most suitors demand to see every scrap of paper you've ever generated and to interview every top manager. That wasn