Launch House
Launch House is a platform where you can buy, sell, or trade your business. It gives you a chance to grow your company and gain the momentum to keep you going. It also provides much-needed liquidity for entrepreneurs eager to exit their businesses promptly while still enjoying the profits they’ve made up until that point.
It will be the first community where entrepreneurs can buy and sell businesses with minimal barriers to entry. Launch House will help seed a new wave of business owners who can now build out their own companies without the traditional barriers that hinder many new business owners.
It will not be a typical business-for-sale website. Company sellers will completely control their company information, and potential buyers will have to follow the specific steps to obtain a Letter of Intent from the company owner.
Once that is done, the potential buyer can review all information about the company. After the screening process, the potential buyer will have to participate in a behavioral test to confirm their interest and relevant knowledge of the company they are interested in buying. Once the potential buyer has passed their initial screening, they can review information about their prospective company. If all acceptance criteria have been met, a Letter of Intent will be sent, and the two companies can go into due diligence or negotiate for a better deal.
Once everything is finalized, the company owner can either supply funds for this deal or take money from the agreement themselves. The money that a potential buyer contributed will then be transferred from its escrow account directly into this new business owner’s account on Launch House. From there, the two companies can go back and forth with performance due diligence of their business and any other necessary information that may need to be reviewed.
They also make use of different technology platforms like Facebook and Twitter where they can promote their events and allow users to connect with each other further through the use of social networking sites.
See related link for more information.
More about Launch House on https://www.businesswire.com/news/home/20220727005080/en/Launch-House-Announces-House-Capital—Its-Venture-Arm