60% Concentration That Killed an Exit
60% Concentration That Killed an Exit  
Podcast: Acquiring Minds
Published On: Mon Jul 27 2026
Description: Raj Mahajan bought a salon software business, tripled it to $11M ARR. Then his biggest customer launched a competitor.Register for the webinar:Tax Issues: Entity and Deal Structuring - TOMORROW!! - https://bit.ly/4frQstmTopics in Raj’s interview:Wanting to move “from coach to quarterback”Buying a niche point-of-sale software companyConverting to cloud-based SaaSGrowing recurring revenue from $4 to $11 millionEstablishing a headquarters for the remote companyA failed exit to private equityHis biggest customer stealing his softwareEmotional turmoil of Covid + lawsuitChoosing to protect his teamLessons learned from good and bad yearsReferences and how to contact Raj:LinkedInJaan CapitalLessons for New Operators - 2020The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:The Acquisition LabGet a complimentary IT audit for acquisition diligence or post-close transition.Visit inzotechnologies.com/eta.Get a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring MindsConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron