In this episode of the Tech M&A Podcast, Scott Petersen shares his journey of selling his all-in-one hiring solution software, HireClick. He discusses the motivations behind the sale, the importance of being prepared, and the lessons learned throughout the process. Scott reflects on life after the sale, the excitement of new opportunities, and offers valuable advice for CEOs considering selling their companies.

takeaways

• HireClick was sold in August 2024 after starting in 2017.
• Inbound interest from potential buyers prompted the decision to sell.
• Scott felt they waited too long to engage with professionals.
• Preparation is key to a successful sale process.
• Life after selling the business has its ups and downs.
• Scott is excited about future travel and opportunities.
• The transition to the acquiring company has been positive.
• Professional guidance was crucial in garnering attention from buyers.
• Understanding market interest is vital for timing a sale.
• Scott emphasizes the importance of metrics and readiness for potential acquirers.

00:00 Introduction to Tech M&A Podcast 00:32 Scott Petersen and HireClick's Journey 02:52 Reflections on Selling the Business 03:42 Advice for CEOs on Selling 04:19 Looking Ahead: Life After the Sale