Dan Evans

Daytime corporate FP&A; sometime Main Street finance & strategy; small time real estate investor; aspiring SMB acquirer

[Dan Evans @smallbizdan]

@SBA_Ray Living this right now and it’s so true - some lenders engage deeply, tell you what needs to change. They’re actively making the deal better for ME.

They bring a ton of experience - have been my best advisors so far.

[Dan Evans @smallbizdan]

@tax_zack @ClintFiore ‘They’re rich, burnt out and focusing on real estate investments’ sure sounds like retiring to me.

Buyer wants to know 1) the biz isn’t a time bomb, and 2) sellers won’t compete. Lots of ways to manage those concerns, right?

[Dan Evans @smallbizdan]

@girdley Comcast

[Dan Evans @smallbizdan]

@PursuingFreed0m 100%

Career investments should get the same treatment as business investments. I will die on this hill.

[Dan Evans @smallbizdan]

@hemeon @ClintFiore this in your wheelhouse?

[Dan Evans @smallbizdan]

@Andrew__Bevill @DonMiami3 @GRomePow Underrated tweet

[Dan Evans @smallbizdan]

@SeanODowd15 I would do this - background in banking, underwriting, FP&A.

Keys to success include 1) adding greater value with sensitivities, deck-building, strategy, 2) assuring steady volume, and 3) finding cheaper talent to scale beyond a solo shop.

Do you have a project to get started?

[Dan Evans @smallbizdan]

@steveressler Disagree. Function > style.

With one always charging, I never run out of battery.

[Dan Evans @smallbizdan]

@Sam_Rosati @Chris_CayneQofE Looked at a deal today with exactly this issue.

Hardly anything that a broker could tell me to convince me it’s real.

[Dan Evans @smallbizdan]

@BetterCeo @ConnorAbene Interested in answers from others - my experience is that it’s easy to redo accounts on a go-forward basis, and excruciating to do any kind of updates to prior data.

[Dan Evans @smallbizdan]

@DavidSacks Concentration. Of funding. In a volatile industry. Even venture capitalists know to look for those kinds of risks.

If Washington was the problem, SVB would be one of a hundred banks in its position. It’s not.

Blaming Washington is silly, though predictable.

[Dan Evans @smallbizdan]

@kohola_io @tundra_v1 In so doing, the fed made it unnecessary for anyone to run on a bank.

The thing that got SIVB won’t get FRC, imo.

[Dan Evans @smallbizdan]

@KevinPOBrien @rfw_arcana Accounting rule is that if you are holding to maturity, you don’t have to mark bonds/MBS to market value. And for good reason - you’ll never actually realize those losses.

So yes, sort of. That problem was compounded by their mismatch on fixed/floating and duration.

[Dan Evans @smallbizdan]

@sulemanali Mostly agree.

Though fundraising also provides a market confirmation on valuation, which absolutely is a big deal.

[Dan Evans @smallbizdan]

@secret_FPA_guy Consumer goods is the wrong place to look.

Look for B2B, monopolies and oligopolies with wide moats.

[Dan Evans @smallbizdan]

@ExcelHumor Merged cells is the correct answer

[Dan Evans @smallbizdan]

@rohindhar Good deal in hindsight.

But if I were looking at a similar deal today it would be irresponsible to underwrite that level of appreciation. Without a crystal ball, I wouldn’t do the deal.

[Dan Evans @smallbizdan]

@gmrobinson1 @SMB_Attorney … that pays a half a million.

[Dan Evans @smallbizdan]

@SMB_Attorney @jschab Freedom maximizing > profit maximizing

Good for him!

[Dan Evans @smallbizdan]

@LiuLindberg Current corporate FP&A, considering taking clients as a fractional CFO. Interested.