Raising $800k to Buy an $8m Business as a First-Timer

With no finance background, Kevin Bibelhausen learned to raise money from investors & buy a 20-year-old fabric business.

Topics in Kevin’s interview:

• His health crisis that led to a career change
• Losing funding at the last minute
• Raising $800k in 5 weeks
• Automating his money-raise process with investors
• The value of being active on Twitter
• Acquiring a $8m business using very little of his own money
• The ideal number of investors
• What attracted Kevin to Heritage Fabrics
• Managing working capital with a long sales cycle
• His investment fund, Fruition Capital

Links and how to contact Kevin:

• LinkedIn
• Twitter
• Fruition Capital
• Sam Rosati’s Investor List
• Nick Haschka’s episodes on Acquiring Minds:
• How One Small Acquisition Led to 9 More in 5 Years
• 6 Ways Buying a Business Has Changed Since 2016
• HBR Guide to Buying a Small Business

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter