Episode 75: Inside the Deal with Richard Addotta
Update: 2025-03-26
Description
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.
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