The problem is that Profitwell shot it, so it feels like a PR piece rather and doesn’t have the feel of a curious documentarian that you’d get if it was a real documentary.
My biggest takeaway was I’d never want to operate a business at the scale of Profitwell or Paddle.
Raising $210M to acquire a company sounds miserable.
The due diligence process of being acquired for $200M sounds miserable.
86 lawyers were actively involved.
Quotes about the process from Patrick Campbell, CEO of Profitwell
“I think there were were 86 lawyers that were consistently involved. I think it’s actually more at this point.”
“You get this 80-page document… what’s funny is that you are not going to read it. That’s what’s so scary about it.”
“I think it was two months of throwing thousands of PDFs and thousands of Excel spreadsheets over the wall.”
“Here’s 350 requests, and you’re like, ‘oh, great. the next round will be less.’ And then there’s 600 requests, and they’re all more specific.”