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Ask HN: Where to sell your profitable company

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Re: Ask HN: Where to sell your profitable company

#21

Post by to_the_top »

SriniK wrote: post #18

Talk to a bank who can represent you. Typically they come up with a pitchbook/deck and try to pitch to prospective companies. They charge anywhere between 5-7% depending on your business. Best way to get to a banker who can sponsor is to talk to a lawyer who is in the startup world. If you want to send direct messages, do the pitching and negotiations yourself, try linkedin paid service.

I have talked to td waterhouse private investment people and were going to be setting up a deal. Going to look for startup lawyers on linkedin in my area.

Re: Ask HN: Where to sell your profitable company

#22

Post by lionhearted »

exline wrote: post #7

I've got to ask why sell? If it generates 2 million in profit a year, it should be generating plenty of cash to bank roll your next endeavor. Since you are the only one maintaining you can simply hire 2-3 people to do the work you are currently working and keep the rest of the profit. Most people here would kill to have a business that is generating 2 million in profit.

Totally disagree. As soon as you're strongly think of selling, it means it was time to sell yesterday. If you can get anything fair, do it. Once your heart's not in it, it's good to move on and mentally cut ties. You won't be able to keep innovating if you're not mentally with it, and nowdays businesses can fall apart rapidly even if their founder is totally onboard, let alone if he's not.

People who have never built a successful business won't understand. As soon as you strongly feel it's time to sell, do it. Get out and build your next thing. Later you might regret it, that's natural, but better than having things decay on their own if you're not fully with it. My advice - yes, sell.

Re: Ask HN: Where to sell your profitable company

#24

Post by josefresco »

enjo wrote: post #6

Go straight to your well funded competitors. They'll love the chance to talk acquisition more than likely.

No so sure informing your competitors that you want out is such a great idea. Depends highly on your market or product/service but I'd be weary of anyone approaching me with the same offer.
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