Acquisitions often trip up founders, because successful founders are optimistic by nature, and acquisitions are something you should treat cynically. When someone says they want to buy your startup, assume they'll suck up your attention for months and then ghost or lowball you.
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ouch. Thank you for sharing these insights; I wasn't aware of this. Good to know where to *not* spend your time.
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If I were open to being acquired, I would still require a strategic partnership first. One that added value to the business regardless of acquisition, one where the (presumably) larger company contributed significant people resources to advance mutual objectives.
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In private equity transactions there’s often a letter of intent that outlines a valuation framework that provides a close estimate prior to any diligence kicking off
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