Twenty-year hedge fund portfolio manager. Founder of Workup, the analyst for small business buyers.
Oct 14, 2026
•
6 min read
In Issue 1 I made a claim about this market and gave no number. Here are the numbers, and what I think happens to them.
Oct 1, 2026
4 min read
The buyer can now commission the report. The lender still has to have it reviewed. What that does to a deal
Sep 29, 2026
A seller said $1,349,772. The bank statements said $1,118,468. Here is where the $231,304 went.
Sep 17, 2026
What SOP 50 10 8.1 means for every $3 million-plus deal after October 1
Sep 15, 2026
Why the businesses your clients buy trade at the discount they do, and what an analyst can do about it
