4 ms·
Don't get me wrong but I disagree badly with the way this was writen. Mainly the selling a company part. Sometimes there are no other option other then selling
by cfontes 13y ago
Don't get me wrong but I disagree badly with the way this was writen. Mainly the selling a company part.
Sometimes there are no other option other then selling your company.
You can become outnumbered in the board and become a one men army due to different views of the future or other complications ( try that... it's fun like hell). You can work for your company for 40 years and realise YOU are not needed anymore and you should sell it and enjoy your last years.
And so many other variations to that "Why?" question. I found that statement aimed to make people that sold their company look like they gave up. And more often then not. This is not the case.
Thinking like that is just to simple.
- lkanies 13y agoSelling the company is the best form of failure, but it is rarely the plan the board entered with, and my point is that it certainly shouldn't be. Even great exits like Nest's today; I expect Tony Fadell didn't plan to sell, but Google made him an offer he couldn't refuse. So the point isn't that you should never ever sell (and I pointedly don't promise that for Puppet Labs); the point is that your strategy shouldn't be to sell. It's an escape hatch, not a goal.