By Larry Chiang
SUCCESSFUL EXITS: WHAT TO PREP, WHAT TO WATCH OUT FOR & HOW THINGS MIGHT TURN OUT
You’ve built up and built out your startup– now some douche-nugget wants to buy you.
You’ve built up and built out your startup– now some douche-nugget wants to buy you.
If you’ve never sold a startup, you’re at risk of getting taken to the cleaners (literally). Navigating the sale is not easy.
Topics include:
- Earn outs — Know to swap your shih tzu for someone else’s mutt.
- Deal insurance — Figure out who you’re paying real world insurance to.
- IP — Do what’s needed to minimize exposure in case of __
- Earnest money — Negotiate and confront .
- Due Dil — A bird in the hand and your pants in a bush.
- Negotiating a No Shop — Manage the process or have them own you.
- Legal — Minimize tax and risk post sale.
- Deal Structure — Cash up front and the mirages that distort.
- Screwing co-founders — Employee #3 to 30 have it rough. Do u reward em or accelerate em?
ENGR145’s Anchor Concept: Lemonade and Gua Gua Guacamole
It moves you to the right on the entrepreneur bell curve
CEO of Duck9
Stanford University Entrepreneur in Residence, Emeritus
Duck9 = “Deep Underground Credit Knowledge” 9
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Editor of the BusinessWeek Channel “What They Don’t Teach at Business School”
CNN Video Channel: https://ireport.cnn.com/people/larrychiang
Read my last 10 tweets at https://www.Twitter.com/LarryChiang
Author, NY Times Bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
Emergency swings and cutting deals as an 9 year old
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Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
