4 ms·

The website gives an example: > You've got early employees, investors, or a co-founder who wants to leave or cash out. You want to swap them for a friendly new

The website gives an example: > You've got early employees, investors, or a co-founder who wants to leave or cash out. You want to swap them for a friendly new face who can add value and help you grow the business. This is common in professional groups (like law firms or medical practices) when a partner is looking to retire.

bjarneh 5y ago
Selling out is common; I just hope and think I would not do it, but who knows. I've never been in the position to sell out :-)
- deleted 5y ago
  [deleted]
- fragmede 5y ago
  Selling out in other industries is looked down upon (eg former indie musician selling out for a mainstream record contract), but business is, well, business. Better to be honest with yourself that your heart's no longer in it (if it's not), and sell to someone who is.
  - bjarneh 5y ago
    > Selling out in other industries is looked down upon That is certainly true. When people have a ton of money and sell out for even more money, that's always somewhat looked down upon I guess? Either its Joe Rogan or Notch, it almost seems sad to see people want to get richer when they're already absurdly rich. The strangest thing about wealth (or power) is that once you get it; you seem to loose control completely. From that point on; all you want is even more money or power. There are probably many examples of people who managed to give up power or money, but the majority seem to want hang onto it...
- tempestn 5y ago
  Unless you plan to a) run the business until it fails, or b) pass it to your offspring, you're going to sell at some point, right? Given that, it makes sense to give at least some thought to what that point might look like before you get there.
  - bjarneh 5y ago
    I guess you're right; just sounds so sad to sell a company just when things are looking good...
    - HeyLaughingBoy 5y ago
      It's sadder to have to sell when things are looking really bad.
      - bjarneh 5y ago
        Well, if someone want to buy my doomed company; that's not all sad :-)

bjarneh 5y ago

Selling out is common; I just hope and think I would not do it, but who knows. I've never been in the position to sell out :-)

deleted 5y ago
[deleted]
fragmede 5y ago
Selling out in other industries is looked down upon (eg former indie musician selling out for a mainstream record contract), but business is, well, business. Better to be honest with yourself that your heart's no longer in it (if it's not), and sell to someone who is.
- bjarneh 5y ago
  > Selling out in other industries is looked down upon That is certainly true. When people have a ton of money and sell out for even more money, that's always somewhat looked down upon I guess? Either its Joe Rogan or Notch, it almost seems sad to see people want to get richer when they're already absurdly rich. The strangest thing about wealth (or power) is that once you get it; you seem to loose control completely. From that point on; all you want is even more money or power. There are probably many examples of people who managed to give up power or money, but the majority seem to want hang onto it...
tempestn 5y ago
Unless you plan to a) run the business until it fails, or b) pass it to your offspring, you're going to sell at some point, right? Given that, it makes sense to give at least some thought to what that point might look like before you get there.
- bjarneh 5y ago
  I guess you're right; just sounds so sad to sell a company just when things are looking good...
  - HeyLaughingBoy 5y ago
    It's sadder to have to sell when things are looking really bad.
    - bjarneh 5y ago
      Well, if someone want to buy my doomed company; that's not all sad :-)