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@paulg What would be the suggested behavior for founders in that situation?
Don't talk to acquirers unless you're either doing very well (= they won't dare waste your time) or very badly (= you have no choice). And during acquisition convos, don't expend any attention on them; keep operating as if it wasn't happening. Don't hope.
I get your point, but it's not realistic to suppress hope when on the cusp of life-changing money. Instead of not hoping, do your best to act as though you're not hoping, and to force yourself to consider the negatives. But that's not as pithy, so maybe your advice is better.
it helps if you care more about building the thing you’re building than you do about getting rich
Yes, good advice. Don't waste your time on this - a significant fraction of time; it seems like they are on a fishing experience - it's like silicon valley corp dev playbook rule 3 to tell the startup you are interested in them
Is this consistent with the Yahoo acquisition of Viaweb?
Is there any ideal time to start seriously thinking about selling? Partly it must be a subjective decision that depends on how much you enjoy working there, versus how much you'd enjoy doing something else, but are there any objective ways to make the decision?
Cf Start with NO Rule: don’t be needy
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