Take the Money and Run
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Take the Money and Run
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Re: Take the Money and Run
#2Chapter 2 please.
Re: Take the Money and Run
#3Not directed at OP in particular, but with acquisitions that include shares, is there something that stops you from just dumping them straight away, essentially making it a cash only deal?
Re: Take the Money and Run
#4Not directed at OP in particular, but with acquisitions that include shares, is there something that stops you from just dumping them straight away, essentially making it a cash only deal?
There can be lockup periods in the contract that say you can't sell for some specified period of time
Re: Take the Money and Run
#5Chapter 2 please.
It's coming soon, I promise. :)
Re: Take the Money and Run
#6I'm probably being petulant or don't understand American culture, but:
> To avoid spending money, we'd been subsisting on a diet consisting largely of soup. [...] But now, we'd gradually started to feel like we might be able to afford to eat at restaurants again.
No middle ground?
Re: Take the Money and Run
#7> Eventually, we'd come to learn how wrong we were, how hard the road ahead of us would be, and that selling the company would mean the end of what we'd worked so hard to build. But that night was for celebrating.
So ominous... any hint as to what happened before the next blog post installment?
Re: Take the Money and Run
#8Not directed at OP in particular, but with acquisitions that include shares, is there something that stops you from just dumping them straight away, essentially making it a cash only deal?
When we were acquired, Rally was a privately-held company, so our shares were illiquid. If the company was publicly-traded, we could have sold them, but there are often lockup agreements in place that restrict you from selling for a few months.
Re: Take the Money and Run
#9I'm probably being petulant or don't understand American culture, but: > To avoid spending money, we'd been subsisting on a diet consisting largely of soup. [...] But now, we'd gradually started to feel like we might be able to afford to eat at restaurants again. No middle ground?
I assume he was alluding to "ramen profitable": http://www.paulgraham.com/ramenprofitable.html
Some people actually try and live off of Ramen.
Re: Take the Money and Run
#10A very well-crafted story. Excellent and unpretentious: thank you very kindly for writing up your experience getting acquired, OP.