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5 Reasons M&As Die: What Founders Should Know

David Lim, Founding Partner, TSF Law

17-Nov-25 11:00

5 Reasons M&As Die: What Founders Should Know

For many founders, an M&A deal feels like the ultimate exit. But what starts as a pot of gold often turns into a minefield of brutal due diligence, hidden liabilities, and founder infighting. In fact, a significant number of promising deals fall apart before even reaching the finish line.

Lawyer  David Lim of TSF Law joins us to unpack the 5 key reasons why these deals get messy. He explains the principle of "caveat emptor" (buyer beware), the long-term liabilities that can follow a founder for years, and the critical mistake of founders getting too involved in the deal-making process.

We discuss:

  • The "brutality" of due diligence and why founders must be prepared.

  • Why the deal doesn't end at signing: understanding warranties and clawbacks.

  • The risk of founders getting too involved and letting the core business suffer.

  • Why hiring generalist advisors for a "friendly price" is a costly mistake.

  • The importance of a "sell-side health check" before you even talk to a buyer.

For any founder or business owner considering an exit, a merger, or a significant fundraising round, this is an essential dive into navigating the process and protecting your interests.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


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Categories:  Corporatesmanagingentrepreneurs

Tags:  mergers & acquisitionsm&adue diligencecorporate lawfundraisingbusiness exit





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