81–90 of 158 posts
Earlier quoted context omitted.
Selling out is common; I just hope and think I would not do it, but who knows. I've never been in the position to sell out :-)
Unless you plan to a) run the business until it fails, or b) pass it to your offspring, you're going to sell at some point, right? Given that, it makes sense to give at least some thought to what that point might look like before you get there.
Is there a story behind the cruel-sounding "Cap table cleanup" heading? It says: > You've got early employees, investors, or a co-founder > who wants to leave or cash out. You want to swap them > for a friendly new face who can add value and help you > grow the business. It feels like they're insinuating that there's usually a painful process in enabling people to cash-out and leave? Is this because of the whole "gol…
Earlier quoted context omitted.
Selling out is common; I just hope and think I would not do it, but who knows. I've never been in the position to sell out :-)
Selling out in other industries is looked down upon (eg former indie musician selling out for a mainstream record contract), but business is, well, business. Better to be honest with yourself that your heart's no longer in it (if it's not), and sell to someone who is.
That is certainly true. When people have a ton of money and sell out for even more money, that's always somewhat looked down upon I guess? Either its Joe Rogan or Notch, it almost seems sad to see people want to get richer when they're already absurdly rich.
The strangest thing about wealth (or power) is that once you get it; you seem to loose control completely. From that point on; all you want is even more money or power.
There are probably many examples of people who managed to give up power or money, but the majority seem to want hang onto it...
Tiny is basically as advertised. A few years ago, I tried to sell one of my businesses to them (Zack) and he was straightforward in his reason to pass back then (profit too low). Took about a day once I had my metrics sorted. The experience was positive and re-enforced my understanding of important growth metrics and product storytelling.
It is a little hard to judge what is "Tiny" when things called "Pre Seed" ( What is that anyway ? ) that goes up to millions.
That background blue is hideously bright and hurts my eyes when I try to read any text on my desktop monitor. Why hasn't anyone told them that?
Maybe they even feel that discomfort, but the rest is enough to keep them going.
Earlier quoted context omitted.
> you have to prove it is stable, profitable, and growing. I just cannot imagine selling my business if everything was pointing upwards like that.. but people are different I guess
By selling you get to access the money NOW, instead of waiting (and working) for years.
Not looking for IAC, but smaller upcoming companies.
This is quite interesting. Are there any competitors/similar companies? Not looking for IAC, but smaller upcoming companies.
[1] https://microacquire.com/ [2] https://www.tinycapital.com/