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A seed investor/advisor once said to me the biggest mistake he made with his first company was waiting too long to sell. He put in three more years of hard foun
by beat 9y ago
A seed investor/advisor once said to me the biggest mistake he made with his first company was waiting too long to sell. He put in three more years of hard founder-type work on its growth, and with investment dilution, wound up hardly making more than he would have made if he'd sold early to a buyer who was ready to put their own money into scaling.
Especially in the enterprise market, where requirements are complex and sales cycles are difficult, selling out to a big company that has all the pieces in place already can make a huge difference - not just in your bottom line, but the chances of long-term success for your baby.