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June 13, 2011 09:02 am GMT
Editor's note: Guest writer James Altucher is an investor, programmer, entrepreneur, and author.Don't BS me. Everyone wants to sell their startup. We all pay lip service to building a billion dollar Groupon but in general that's a lie. Even Larry Page and Sergey Brin wanted to sell Google to Yahoo for $1 million within ten seconds of starting their company. And Yahoo said, "No".As soon as I start a company, I want to sell it. I've sold four companies and I'm invested in another dozen that have been through various stages of the selling process. It's not pleasant, it's ugly, and everyone paints a pretty face so they look good on the first date. But later on in the dating process you realize who beats their children and who doesn't. It's important to keep track of the following nine things throughout the process so you don't end up being beaten too or even worse"broke and out of business.And by "the process" I mean everything you need to do from the moment you start your business to the moment you get cash for your shares in it. Everything else in between aims for that final moment.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OozRZKOlGZw/
The 9 Most Important Things to Remember If You Want to Sell Your Startup
Editor's note: Guest writer James Altucher is an investor, programmer, entrepreneur, and author.Don't BS me. Everyone wants to sell their startup. We all pay lip service to building a billion dollar Groupon but in general that's a lie. Even Larry Page and Sergey Brin wanted to sell Google to Yahoo for $1 million within ten seconds of starting their company. And Yahoo said, "No".As soon as I start a company, I want to sell it. I've sold four companies and I'm invested in another dozen that have been through various stages of the selling process. It's not pleasant, it's ugly, and everyone paints a pretty face so they look good on the first date. But later on in the dating process you realize who beats their children and who doesn't. It's important to keep track of the following nine things throughout the process so you don't end up being beaten too or even worse"broke and out of business.And by "the process" I mean everything you need to do from the moment you start your business to the moment you get cash for your shares in it. Everything else in between aims for that final moment.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OozRZKOlGZw/
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