4 ms·
"Do I sell? Do I Raise" What are you trying to do exactly? What's the goal? Why are you selling the business? It doesn't seem clear in your question. Why
by rcavezza 15y ago
"Do I sell? Do I Raise"
What are you trying to do exactly? What's the goal? Why are you selling the business? It doesn't seem clear in your question.
Why would you raise capital if you're trying to sell?
- shouldwemanup 15y agoNot actually trying to raise capital. Just trying to figure out after 5 years if it's time to move to another venture. We are in NYC so not the valley so the culture is a bit different.
- rcavezza 15y agoI'm not sure you need to sell this company to start a new venture. Sounds like you have a good staff and healthy revenues. Why not start a new company while continuing to run this company? You can hire someone to fulfill your existing role and use the extra free time to start searching for the next branch of your business.
- shouldwemanup 15y agoVery healthy advice which we are doing. I am replacing myself as much as possible but after 5 years I can see some opportunities in our market which would be better guided by a current player in industry.
- rcavezza 15y agoIs it (1) someone that works at another firm (that you would need to poach) or (2) another company that would be better at guiding this? Sounds like the recipe for a joint venture: http://en.wikipedia.org/wiki/Joint_venture http://en.wikipedia.org/wiki/Joint_venture
- shouldwemanup 15y agoThe players I am talking about would be names you'd know; some are in the Top 50 websites online. We are partnered with a few; but the core of this "Ask HN" is how to exit in our situation.
- rcavezza 15y agoI'd take a look at this link: http://techcrunch.com/2011/06/12/9-important-things-sell-startup/ http://techcrunch.com/2011/06/12/9-important-things-sell-sta...