4 ms·
At this point, with no clear buyers lining up, I'd have held an interview or some other more efficient process, and handed it over to an impressive entrepreneur
by adventureful 14y ago
At this point, with no clear buyers lining up, I'd have held an interview or some other more efficient process, and handed it over to an impressive entrepreneur, while keeping 25% to 40% of the company (give the entrepreneur the majority equity). Set up whatever fair protections are reasonable, and let the entrepreneur run with it, no money down. Then all but forget it exists.
Radically better option than just shutting it down.
- ckluis 14y agoRadically better option and dumb not to consider. There are scores of people who could turn this into a much more profitable venture. I mean hell a little toutapp email marketing, cold-calling, seo & ppc - could turn this into a decent business. But anyone would be dumb to take it sans 37signal branding.