4 ms·
> No time-based or performance-based earnout... Everyone on the team stays…or goes Curious about this one; are the acquirers not bothered about the possibility
by theptip 6y ago
> No time-based or performance-based earnout... Everyone on the team stays…or goes
Curious about this one; are the acquirers not bothered about the possibility of everyone jumping ship? They have a new CEO and generalists on hand to take over the business immediately? And/or the business is basically in “runs itself” mode, with most of the work being done on growth opportunities?
Normally I think of the golden handcuffs as a necessity to stop the business from imploding and being worth zero, but interested to know why this wouldn’t apply.
- killingtime74 6y agoyou realise this is a $4 million business right? it's not 40 or 400.
- theptip 6y agoYes, can you elaborate a bit more? Seems to me that with a small team, you're more likely to have N=1 bus-count processes which would be sensitive to someone leaving.