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Believing that the finish line is just yards away and finding that it is actually miles is not going to be good for your company’s morale. I've learned this le
by therealarmen 14y ago
Believing that the finish line is just yards away and finding that it is actually miles is not going to be good for your company’s morale.
I've learned this lesson the hard way. It's easy to get caught up in acquisition discussions, so be careful not to get ahead of youself. The cost for the acquirer to engage is much less. They are larger and sometimes have full-time staff devoted to M&A, while your startup's bandwidth is very limited.
- wangarific 14y agoIt's also difficult to avoid getting so excited and consumed by the process that you lose focus on what your business is actually doing. The acquirer is sending their deal team but you won't have one working for you (even if you get a banker/broker, it still takes up a lot of the founders' time), so someone still needs to mind the store.