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Similar. I wanted out of my startup to pursue a new avenue. I sold for 5x annual revenue and a 1-yr exit. All paid in cash over that one year.
by berkle4455 4y ago
Similar. I wanted out of my startup to pursue a new avenue. I sold for 5x annual revenue and a 1-yr exit. All paid in cash over that one year.
- brianwawok 4y agoWhat was your growth rate when you sold? A company growing 100% YoY vs a company shrinking 10% a year make the 5x buyout very different sounding to me.,,
- berkle4455 4y agoOur growth rate was fairly modest by that point, about 10% YoY. That was mostly a result of me being greedy and taking cash off the table each year and running it as a lifestyle business.