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I don't have any advice for you, just questions: Are they interested in you? Your technology/product? Your customer base? Do they compete/provide services in
by epc 16y ago
I don't have any advice for you, just questions:
Are they interested in you?
Your technology/product? Your customer base?
Do they compete/provide services in "your space"?
Companies do acquisitions for a variety of reasons but they boil down to:
- eliminate a competitor
- block a competitor
- acquire technology/product/service/customers for less than it would cost them to develop in house
- acquire experience (personnel)
Do you have an idea or a actual live project/business with customers and responsibilities and a code base?
Is it dear to you? If they bought it and then ran it into the ground, ignored it, killed it off (think: Yahoo!'s acquisition history with mybloglog, delicious, etc) - would you care? Would you be able to take the $ and move on to the next project or would it gnaw at you?
What's in it for you if you go forward with a partnership or acquisition? Does the company provide other opportunities for you to pursue? More capital to invest in this or other projects of yours? Do they have a good history with acquisitions?
Do you have other ideas, goals, dreams, whatever which you could potentially have to shelve while you're tied up with the company? Are you ok with that?
Do you have a solid sense yourself of what your goals are, ignoring whatever opportunity this other company offers?
My one bit of advice: get a lawyer familiar with commercial contracts & acquisitions who can sit in with you in the meeting. I can't guarantee that you won't get screwed over even WITH a lawyer, but you're more likely to protect yourself.
- curio_curly 16y agoGreat questions. Thank you VERY much. :)