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It's certainly not unheard of. But you are going to be paying a hefty commission. And if it's a sale of you current product "and team," what would be going to
by siegel 9y ago
It's certainly not unheard of. But you are going to be paying a hefty commission. And if it's a sale of you current product "and team," what would be going to the investors vs. being reserved for employee incentives post acquisition?
Do you have a sense of the players that would potentially be interested in acquiring your company? If so, I would start using your network to reach out to those players.
An i-banker may be great if you are looking for a private equity-type deal. But if your potential acquirors are companies like Salesforce or Google or some other tech company, you might be better off exploring on your own.
To the extent you engage an investment banker, be very, very careful about what you sign. Those agreements can be incredibly onerous...