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I can't find any mention of the transaction or who the new CEO is on the Smart Bear site. Jason doesn't say who purchased the company. It would be interesting t
by skmurphy 17y ago
I can't find any mention of the transaction or who the new CEO is on the Smart Bear site. Jason doesn't say who purchased the company. It would be interesting to read the full story. There was probably a two year earnout provision on the sale which is coming to an end (Dec-07 to Dec-09) which is why he is talking about it now. Perhaps in January 2010 more of the story will come out.
This post have focused Jason's your inner psychological landscape, I would be interested in other aspects of the deal: how did he prepare employees, who did he pick and why to help you with the negotiations (e.g. attorneys, accountants, sell side M&A, other entrepreneurs, other advisors), how did he manage the two year transition.
Looking back and knowing what he knows now, what are one or two key things he would have done differently, what are one or two key things that he believes really made this decision a success?
- skmurphy 17y agoJason gives a detailed answer to these questions in the comments at http://blog.asmartbear.com/rich-vs-king-sold-company.html#comment-1358 http://blog.asmartbear.com/rich-vs-king-sold-company.html#co... he mentions one key advantage that some startups ignore in the early going: keeping books up to date: Another advantage: Having perfect books. Meaning: Perfectly balanced every month since the company started. Finances were never a problem as a result. Otherwise they wonder what's lurking--not even that you're being dishonest, just that you don't know!
- brown9-2 17y agoHe also explains in another blog post that he is no longer an employee (which I found as news, I was under the impression he was running the place always), and that he'll post more about it soon. http://blog.asmartbear.com/rich-vs-king-sold-company.html#comment-1338 http://blog.asmartbear.com/rich-vs-king-sold-company.html#co...