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My unpopular opinion on a good way to become rich:
Start a company
Raise a $1-2m seed
Get to profitability so you never need to raise again
Sell for $25-100m after a couple years
Repeat
Easier than you think, because most founders optimize for series A vs a sale.
early stage CEOs being afraid to talk to acquirers at day 0 kills so many companies
Definitely. And it depends on what the founder wants (i.e. to go big) but most successful companies are bought at some point (vs IPO)
If a solopreneur reaches the stage of acquisitions offers, what do you recommend their next step be to get good guidance and negotiate well...having never done it before? I’d read a post or book on that!
How do you even start having conversations like that on Day 0?
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