What It’s Really Like to Sell to Tiny: A Founder’s Exit, Step by Step

October 2, 2025

A few years ago, I sold a business.

No bankers.
No “we’ll circle back.”
No BCG junior analyst calling me “bro” while trying to model my churn in Excel.

It was quiet.
Fast.
Kind.
The kind of exit you want your friends to have.

If you’ve ever found yourself staring at your Slack channels and wondering “what if I just… didn’t anymore?” ; this post is for you.

Here’s the whole thing, step by step.

Not how it should go.
How it actually goes when you sell to a grown-up buyer who isn’t trying to fleece you on structure or make you cry in diligence.

Step 0: The Whisper You Keep Ignoring

This doesn’t start with an exit strategy.
It starts with a sigh.

You’re making money.
Your team is solid.
But you're done.

Not in a dramatic way.
Just emotionally out.

You keep showing up, but it’s a performance now.

That whisper?
That’s your brain soft-launching an exit.

If that hits, go read Thinking of Selling? 7 Signs Your Business Is Ready for a Quiet Acquisition. It’s basically a mirror held up to your founder fatigue.

Step 1: The 2-Hour Gut Check

Before you call anyone, open a Google Doc and answer five brutally honest questions:

  • What does this business actually do?
  • Why do people keep paying us?
  • What breaks if I disappear for 30 days?
  • What’s going to freak out a buyer during diligence?
  • What could someone smarter unlock in 12 months that I won’t?

If you can't answer those in under 2 hours, you're not ready.
If you can, congrats; you’ve just written the bones of your one-pager.

Bonus: cross-reference this with 15-Minute Deal Evaluation: My Checklist for Spotting Winners. If your business fits that list, you're sitting on a sellable asset.

Step 2: Clean the Numbers Like Someone Else Will Read Them

Because they will.

Before you ever email Tiny, do this:

  • Finalize your last 24 months of P&L, balance sheet, and cash flow
  • Strip out owner stuff (your Tesla, the offsite in Tuscany, etc.)
  • Build a simple data room with contracts, AR/AP aging, and your org chart
  • Bonus points: list your 10 riskiest customers and what you’d do if they vanished

They don’t need it perfect.
But they do need it true.

For what happens when this isn’t tight, go read What Buyers Like Tiny.com Look For: A Checklist for Founders.

Step 3: The Email That Starts Everything

Here’s the exact email I’d send:

Subject: Quick note re: potential sale

Hey; I own [BusinessName]. Doing ~$X EBITDA at Y% margin. Mostly runs without me.

Curious if this fits your strike zone. Happy to share a one-pager if helpful.

No slides.
No synergies.
No MBA lingo.

Keep it short, sharp, and calm.

If it’s a fit, they’ll respond fast.
If not, they’ll probably still intro you to someone great.

Step 4: The First Call Is a Taste Test, Not a TED Talk

This isn’t Shark Tank.

It’s a 30-minute call with people who’ve bought dozens of companies and actually run them.

They want to know:

  • What this thing really is
  • Where the cash comes from
  • Whether it falls apart without you
  • And if there’s obvious upside they can unlock

No BS.

No peacocking.

You don’t need to “sell” them. Just show them the machine.

And if you're not sure how to tell the story, read Never Tell, Always Storytell: How Narrative Beats Numbers in Business.

Step 5: The One-Pager That Does the Heavy Lifting

Don’t overthink this.
It’s not a pitch deck. It’s a PDF version of reality.

My format:

  • 1-line summary
  • 3-year financials (revenue, EBITDA, margins)
  • Team structure
  • Top customers + risk
  • What you do today
  • What happens if you disappear tomorrow
  • Transition plan

If your numbers suck or your team’s fragile, say so.

Buyers like Tiny don’t need perfection. They need predictability.

Step 6: The LOI (You’re In the Arena Now)

Here’s where most founders start sweating.

Price matters, yes.
But structure matters more.

Here’s what to look for:

  • Cash at close
  • Rollover equity (if you want to ride along)
  • Earn-out (preferably short and achievable; or none at all)
  • Working capital adjustments (aka “don’t let them drain your cash before signing”)
  • Your role post-close

Tiny doesn’t play games here. They’re straight up.

If you’ve read How to Sell Your Business to Tiny Capital, you already know this is where a good buyer starts showing their stripes.

Step 7: Diligence That Doesn’t Suck the Life Out of You

Look, no one enjoys diligence.

But with Tiny, it feels more like a thorough oil change than exploratory surgery.

They’ll want:

  • Bank statements to confirm revenue
  • Contracts and vendor agreements
  • Cohorts, churn, gross margin by segment
  • A legal pass to spot liabilities or IP weirdness

Have it prepped.
Be honest.
And if something’s off, say it early.

Surprises are worse than flaws.

Step 8: Signing the Docs, Feeling the Shift

Suddenly… it’s done.

You sign.
The wire hits.
Your Slack notifications slow down.
You go to bed and realize no one is waiting on you for anything tomorrow.

It’s not champagne and fireworks.
It’s quieter than that.
More peaceful.

Like someone just took 30 pounds off your shoulders and didn’t ask for anything in return.

Step 9: Transition Without Being That Founder

Want to blow your exit?

Micromanage the buyer for 3 months after close.

Here’s what I do instead:

  • Write a 2-page “Owner’s Manual” (here’s how it works)
  • Send a “Do Not Touch” list (stuff that’ll break if you tinker)
  • Make clear intros to the team, partners, and customers
  • Offer help, but don’t hover

Then I shut up.
Let them run it.
Go build my next thing.

For more on how to walk away gracefully, read Hire for DNA, Not GPA: How I Build Teams Around Character.

Step 10: What It Actually Feels Like After

The first week?
You’ll check your metrics like a phantom limb.

The second week?
You’ll realize you haven’t opened Slack in 3 days.

The third week?
You’ll wake up and have the first truly blank calendar in 5 years.

That’s the point.

Not the payday.
The space.

To think.
To breathe.
To create again without 57 other things pulling at you.

Final Thought

Selling to Tiny isn’t a one-night stand.
It’s a thoughtful handoff.

You’re not just exiting.
You’re giving your business to someone who actually wants to run it, not just flip it.

If you’re at that whisper phase—where you’re starting to wonder if it’s time; I’ll say this:

You already know.

Do it right.
Do it quietly.
Do it with people who care.

And if you need a reminder of why boring, profitable, operationally-sound businesses are beautiful, go read Why the Most Profitable Businesses Are the Ones Nobody Talks About.

Get Your Copy of Never Enough at https://www.neverenough.com

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