213. How NOT to sell your company
Description
What happens when an acquirer asks to buy a start-up?
The journey between the offer letter and money in the bank is long, arduous, and can sometimes lead to less money in the bank than the founders expected.
In this episode, you'll hear from serial entrepreneur Sam Oliver, about the hard lessons he learned when selling his last company.
If you're a founder, a corporate innovator, or a start-up investor, this episode is for you.
Timestamps:
00:01:25 - Misconceptions Surrounding Startup Exits
00:02:58 - Creation and Growth of Property Technology Limited
00:04:35 - Challenges of Product-Market Fit
00:07:29 - Importance of Aligning Product with Revenue Generation for Customers
00:08:30 - Adversity Faced During the COVID-19 Pandemic
00:11:11 - Unexpected Boom in the Property Market Post-COVID
00:14:31 - Complex Nature of the Sale Process
00:17:26 - Challenges Encountered During the Earnout Period
00:22:32 - Importance of Thorough Contract Review and Negotiation
00:27:10 - Advice for Founders and Innovators on Approaching Potential Exits
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For the transcript, go to: https://www.techfornontechies.co/blog/how-to-do-your-mid-year-review
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