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I’m on the path you’re on - bootstrapped and starting to look at potential exit strategies. I truly hate the people management aspect of running a business and
by pkrotich 4y ago
I’m on the path you’re on - bootstrapped and starting to look at potential exit strategies. I truly hate the people management aspect of running a business and I’ve thought about replacing myself as the CEO several times - but finding someone who can truly buy into your mission and vision, and also execute on it without you having to micromanage would be ideal but incredibly risky and hard.
Perhaps partnering with a private-equity investment firm will allow you to offload the management part (that’s what they specialize on) and also extract the value or rather allow you and your cofounders to take something off the table.
- meinstream 4y agoHow would you find an equity investment firm that is interested?
- pkrotich 4y agoUpdated my post to clarify that I meant private equity firms. In my case, I have them reaching out due to visibility of my company / project in space of high interest. But I’m sure there are sites / services that play matchmaking. Just be warned that it can be a total waste of time having conversations with junior analysts of such firms - they mostly harvest information for the partners.
- ghiculescu 4y agoAdd an email to your profile - might help if this post gets visibility.
- meinstream 4y agogreat point, thanks