I love this question and hope somebody has some useful information or at least that you post your experience once the issue has played out. This is a very commo

I love this question and hope somebody has some useful information or at least that you post your experience once the issue has played out. This is a very common scenario, rookie founders of small companies getting approached for acquisition, but there simply is not enough info on the sell side. The buyers know a ton and you have no info. We were approached early on and I asked everyone I knew for advice (founders, corp dev friends, former EIRs) and nobody had anything concrete, especially about the part which was most important to me: how do I value and sell the company. Another hard part for me was determining if I wanted to sell. What I really needed was for them to give me a price so I could think about it. What I ended up doing was having the meeting and telling them both that I wasn't sure and that all my friends in the company had told me not to work there. What I figured was best case they'd give me a hard sell and worst case the conversation would end. I ended up with the worst case. What people have told me afterward was that taking $1M at this age is a golden opportunity since you'll have a lifetime of ideas so you should go into this meeting selling. Tell them how big of an opportunity you open up for their business. As for value, this is what I've heard. As a baseline start with $1M per employee (so for you $2M) and then let that number vary wildly. If you are essentially broke and they're bailing you out you might expect as little as $200k. If you're a high flyer you might expect as much as $10M.