4 ms·
Swinging for the fences is great, but so is getting on base. Twelve months ago I accepted 7-figure acquisition offer for my company. Members of our team though
by mikekij 12y ago
Swinging for the fences is great, but so is getting on base.
Twelve months ago I accepted 7-figure acquisition offer for my company. Members of our team thought the offer was too low. It was a struggle for me to get everyone on board for the deal.
In the past twelve months, the market conditions and competitive landscape have changed dramatically. Had we not accepted the acquisition offer, we'd be out of business, and we would have lost all of our investors' money. This would have had little to do with our execution, and much to do with exogenous factors out of our control.
Just one data point though.
- otoburb 12y ago>Members of our team thought the offer was too low. It was a struggle for me to get everyone on board for the deal. Do those same members (who hopefully cashed out) agree with the blessing of 20-20 hindsight, or do they still believe the acquisition offer was too low?
- mikekij 12y agoThey have each told me that they now think we absolutely did the right thing. Being the one that pushed the deal through, this makes me feel much better. I'm so glad I wasn't wrong!