4 ms·
What kind of details do they ask before giving an offer? Anything that might be considered proprietary or were they eager from the go?
by pkaye 11y ago
What kind of details do they ask before giving an offer? Anything that might be considered proprietary or were they eager from the go?
- nedwin 11y agoWe ran them through the front end of our product and how it works from top to tail, discussing why we made certain product decisions. Almost everything they could have seen as a user of our app but a few things that were admin functions. A bunch of it they could have used to build their own app but we figured that was pretty unlikely. They asked for a few things we did disclose like: - team size / locations / education - revenue (we didn't need to disclose but we did) They also asked for a few things we didn't disclose like: - cap table - how much we had raised - what our last valuation was. We kept it on a need to know basis - the above is irrelevant to them pricing the company.
- pkaye 11y agoWere there any NDA put in place or did you just hope for the best?
- nedwin 11y agoI can't reply to your last comment for some reason but there was a mutual NDA in place. I think they needed it more than us to be honest, they were effectively opening up their corporate roadmap to us for what is now a publicly traded company. We were talking to competitors of theirs who we could have shared this insight with which would have done more harm than them taking any of our IP.