4 ms·
Thanks so much for your insights. This one is my favorite so far! Actual meat in here for me to chew on. What I want or what I want for my company? I work with
by man_bear_pig 13y ago
Thanks so much for your insights. This one is my favorite so far! Actual meat in here for me to chew on.
What I want or what I want for my company? I work with a team, not for myself and even though my team works for me, I like to think that I want to do what's best for my team because at the end of the day, without my team, I have no company. If I had it my way, I wouldn't even consider it as for me, it's all about going big or going home. However, some of my best friends are part of this team, those who do not have luxury career hedges that I am fortunate to have, and for some of them, even an acqui-hire would do wonders for their careers.
I do agree with you that I should take that meeting. The meeting, I found out, was referred internally by an insider who knows my team and my qualifications - so she would not advise us to waste time knowing that we're about to embark on a fundraising process; and I don't think she would have referred us to talk to them if she didn't think it was serious (at the minimum a great opportunity to learn and network).
I've worked on enough deals where a lot looked promising and serious but just didn't make it to the finish line. I'm fine with that. I just have no idea what the process is like, what the expected probabilities are on a timeline, what is appropriate for me to push back on, what are these type of companies looking for, etc. On top of that, if there is any way if this gets fairly real, I can maximize the value of this company with respect to fundraising. But even there I have no idea as to how investors perceive these kind of things and what impact it may have (i.e. do I go talk to investors and say hey look X company wants to potentially buy my team out? But I'm just getting started and so I want your money and really make this thing take off? Or does that make me look foolish because they simply don't care?
I wish I had an advisor to ask these specific questions! Hence, why communities like YC would have been great for where I am at this point of my startup.
Thanks again.