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