213. How NOT to sell your company

Tech for Non-Techies

What happens when an acquirer asks to buy a start-up?

The journey between the offer letter and money in the bank is long, arduous, and can sometimes lead to less money in the bank than the founders expected.

In this episode, you'll hear from serial entrepreneur Sam Oliver, about the hard lessons he learned when selling his last company.

If you're a founder, a corporate innovator, or a start-up investor, this episode is for you.

Timestamps:

00:01:25 - Misconceptions Surrounding Startup Exits

00:02:58 - Creation and Growth of Property Technology Limited

00:04:35 - Challenges of Product-Market Fit

00:07:29 - Importance of Aligning Product with Revenue Generation for Customers

00:08:30 - Adversity Faced During the COVID-19 Pandemic

00:11:11 - Unexpected Boom in the Property Market Post-COVID

00:14:31 - Complex Nature of the Sale Process

00:17:26 - Challenges Encountered During the Earnout Period

00:22:32 - Importance of Thorough Contract Review and Negotiation

00:27:10 - Advice for Founders and Innovators on Approaching Potential Exits

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For the transcript, go to: https://www.techfornontechies.co/blog/how-to-do-your-mid-year-review