Firmex CEO Joel Lessem On How He Sold His Company Twice And Other Valuable M&A Strategies
The Sell My Business Podcast
"What matters for me and what I've learned over the last 14 years is that I helped other people be successful. " -Joel Lessem Joel Lessem has over 25 years experience in successfully accelerating revenues and growth of businesses. Under his leadership, Firmex is rapidly becoming a standard for sharing large volumes of highly confidential and sensitive documents for corporate transactions, litigation and compliance. Firmex is a rule of 40 business delivering strong investor returns and high customer and employee satisfaction scores. Prior to co-founding Firmex in 2006, Joel drove the US growth of Point Force leading to the company's acquisition in 2004. In 1999, Joel co-founded Crescent logic, a software company that provided online equity research publishing tools for investment banks. SHOW NOTES The lucrative power of an option plan when selling your company Why you should always take enough money off the table if you decide to stay on after selling your business How to determine if you have what it takes to stay in the company after exiting What private equity groups bring to the table that other buyers don't How an auction process helped Joel get top dollar when selling Firmex The benefits an auction brings to the merger and acquisition process What to expect in due diligence How to adapt your mindset when starting the process of selling your business What Joel's company, Firmex, does and its role in the mergers and acquisitions industry The power of a virtual data room and why you need one How a virtual data room works Why a virtual data room can save you from making costly and embarrassing mistakes How Firmex had approximately 15% of the deal volume in North America Why it's important to put yourself in the buyer's shoes to help guide you through due diligence How Firmex has responded to COVID-19 to serve its clients and protect its employees When you're prepared you have choices. Joel talks about industries benefiting from COVID-19. Joel discusses how honesty, fairness, collaboration, and shared success are his values Why leaders can adopt these values to have a healthy and successful culture What drives Joel is helping other people being successful This podcast is brought to you by Deep Wealth. Are you thinking about selling your business? You have once chance to get it right and you better make it count. Learn how the Deep Wealth experience helps maximize company value before you sell. Master the same exit strategies we used to increase our company value 10X with our 9-figure exit. Enjoy the interview!
S2 Special! David Lloyd Hosts Joel Lessem of Firmex
Float or Founder: Toronto Startup Entrepreneur Stories
David Lloyd recorded this episode with Joel Lessem in mid-2019 but never had the opportunity to publish it... until now! David Lloyd takes over the Float or Founder podcast to discuss the "grind" it takes to run a tech startup and turn it into a solid company. David comes from an extensive background in the tech industry in Toronto and is currently the CEO of PostBeyond.Joel Lessem is the co-founder and CEO of Firmex. Firmex is rapidly becoming a standard for sharing large volumes of highly confidential and sensitive documents for corporate transactions, litigation, and compliance. Joel discusses growing Firmex but also the importance of disconnecting and some of his favourite ways to step back and take a break.Support the show (https://www.floatorfounder.com/partners)
Young at Heart: Entrepreneurship | Future Predictions | Technology
Joel Lessem is the CEO and Founder of Firmex, an industry leader in the virtual data room software category. Tens of thousands of organizations use Firmex's VDR SaaS software, and under his leadership, Firmex is rapidly becoming a standard for sharing large volumes of highly confidential documents. Tune in to hear how Joel built businesses that thrived through the last two recessions, and how he is leading his company through this pandemic.
Peerscale — Private Equity now has a trillion dollars in dry powder. Buy out funds are common liquidity vehicles for many organizations. In this episode, Joel will discuss eligibility, the must-knows, the must-dos, and the value of buy out equity as he draws upon his own experience. Joel is a peer group Leader at Peerscale, and the President & CEO of Firmex. He has over 25 years’ experience in successfully accelerating revenues of growth businesses. Under his leadership, Firmex is rapidly becoming a standard for sharing large volumes of highly confidential and sensitive documents for corporate transactions, litigation and compliance.
Firmex CEO, Joel Lessem | Great Sales Leaders Know presented by Sales Talent Agency
Great Sales Leaders Know
We sat down with Joel Lessem, CEO of Firmex, a fast growing SaaS company. We spoke to him about making the right hires, 'culture carriers', and analyzing and implementing the right technology tools for the job.