About Seller Notes Seller Notes is an opinion and analysis publication covering the lower middle market — the arguments, incentives, and quiet conventions that shape how small companies actually change hands. Deals under $50 million don't get written about. Most people doing them learn by doing, and often by
What's Actually Moving Right Now Seller Notes · Launch piece · Week 2 Last week I laid out what the lower middle market is. The natural follow-up is the one every investor asks first: fine — what's actually moving right now? Here's the honest, data-grounded
Seller Notes · Launch piece · Week 1 Let's start with the number everyone in this business loves to say out loud and hates to act on: $5,000,000,000,000. That's roughly the enterprise value of the businesses about to change hands in America over the
