Bret Keisling is joined again by Darren Gleeman, MBO Ventures, who busts more ESOP myths including why ESOPs are NOT more complicated than other transactions, and why properly structured ESOP will generate more cash and benefits -- not less -- to the seller than most other transactions forms, and his view that ESOP terminations are great when the workers get huge payoffs.
They also discuss transaction structures, warrants, sustainability, and Elon Musk's proposed Twitter transaction and how the ESOP community can be its own worst enemy in making ESOPs more mainstream.
To learn more, check out Darren Gleeman's previous appearances on the EsOP Podcast:
Episode 149: Darren Gleeman - ESOPs are NOT Boring
Mini-cast 139: If ESOP-world Ran the Airlines
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The ESOP Podcast is licensed under a CC BY-NC-ND Creative Commons License.
Episode 219 Show Notes
About Darren Gleeman
Darren Gleeman is a Managing Partner at MBO Ventures. Prior to this he was the Founder and Managing Partner of GB Trading and GMD Trading and the Founder of E-Coupons.
Darren has a BS Degree from the Wharton School at the University of Pennsylvania. He can be found on LinkedIn here.
About MBO Ventures
MBO Ventures is a launching pad for privately owned firms that are contemplating various exit strategies. To accomplish a successful exit, they focus on selling the firm to employees via a leveraged ESOP. Head-to-head, at the same valuation, the seller will earn more money selling to the employees via an ESOP because of the tax benefits. MBO provides mezzanine debt to assist in a leveraged ESOP transaction.
We'd love to hear from you! To contact us, find us on Facebook at EO Podcast Network and on Twitter @ESOPPodcast. To reach Bret, with one "T", email Bret@KEISOP.com, on LinkedIn at Bret Keisling, and most actively on Twitter at @EO_Bret. This podcast has been produced by Bret Keisling for the EO Podcast Network, original music composed by Max Keisling, branding and marketing by BitsyPlus Design.
Standard Disclaimer: The views expressed herein are my own and don't represent those of my own firms or the organizations to which I belong. Nothing in the podcast should be construed as guidance or advice of any kind in any field and the fact that I mentioned an organizational website or an advocate or a company on a podcast does not reflect an endorsement, but if you've heard your name or your group's name mentioned on this podcast, I'd love to have you come on and talk about it yourself.