First Conversation to LOI Session 3
“Never put an LOI in front of somebody that’s horribly disappointing because then you lose their attention, and it's hard to come back from that” - Michael Frankel
Instead of resorting to traditional cold-calling methods, the key to successful outreach lies in building connections with individuals that have existing relationships with the target leadership. This approach is highly effective as it allows the target to feel more at ease and open to sharing valuable information.
In this webinar, Michael Frankel, Founder and Managing Partner of Trajectory Capital, shares his approach to deal-making from first conversations to LOI.
Things you will learn in this episode:
- The importance of a warm introduction
- Talk less and listen more during initial conversations
- Key people involved during valuation
- Requesting exclusivity during NDA
- Delivering the LOI personally
Speakers
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Michael is Founding Partner of Trajectory Capital, a private equity fund focused on small ‘diamond in the rough’ enterprise technology and data businesses. Trajectory Capital works closely with large corporates on sub-scale and off-strategy divestitures as well as with founders. Michael brings over 30 years of experience in dealmaking, over which he has executed more than 100 M&A, equity and debt transactions. Prior to Trajectory Michael was SVP of the Deloitte New-venture Accelerator and a member of the firm’s Operating Committee. Michael has also served as corporate development and strategy officer at a number of technology and information services companies including VeriSign, GE Capital, IRI and LexisNexis. Michael has also served on the boards and advisory boards of both public and private companies in the technology and data sector.
Michael earned his BA, MA, JD and MBA from the University of Chicago. He is a frequent speaker on M&A, corporate development, and innovation; and has written three books and numerous articles on those subjects.
Michael lives in the suburbs of New York City with his wife, daughter, and large dog. In his free time Michael loves to cook, read and travel.