The Tech M&A Podcast podcast

Episode 75: Inside the Deal with Richard Addotta

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In this episode of the Tech M&A Podcast, Richard Addotta, co-founder and CEO of WRM, shares his journey from working in utilities to founding a software development company focused on storm response solutions. He discusses the motivations behind selling his company, the changes in his life post-sale, and offers valuable advice for aspiring entrepreneurs. Richard emphasizes the importance of timing, expert guidance, and the personal fulfillment he now experiences as he transitions into a new chapter of life, focusing on family and personal growth.   Takeaways
  • WRM focuses on improving storm response through innovative software.
  • The decision to sell was based on timing and business readiness.
  • Life after the sale has significantly reduced stress for Richard.
  • Having expert guidance was crucial during the sale process.
  • Patience is essential when navigating the sale of a company.
  • Richard is excited to spend more time with his family.
  • He aims to be actively involved in his children's lives.
  • The sale allowed Richard to achieve a better work-life balance.
  • Richard's journey highlights the importance of recognizing personal and business milestones.
Chapters   00:00Introduction to WRM and Richard's Journey 03:02The Decision to Sell: Timing and Motivation 05:48Life After the Sale: Personal and Professional Changes 07:51Advice for Future Entrepreneurs

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