Information on Selling Your Business
How Exits Have Changed in 2012 – Presented at the National Angel Capital Association Summit – March 8, 2012 in Austin, Texas – Highlights of Part 1: Investing is easy – getting our money back is much more challenging Three reasons why it’s more challenging to learn about exits than investing Exits just don’t happen [...]
Highlights of Part 6 – Financing Strategy for Maximum Exit Value: Axel Christiansen introduction. And why is he so funny? What is Sub Debt and who is it useful to? In what types of exit transactions? Company value as a multiple of EBITDA. The “New Normal”. Seven reasons to create a financing package. Vendor notes [...]
Every company needs an exit strategy. Ideally, the exit strategy should be signed off by the founders before the first dollar of external investment goes into the company. A good exit strategy, well matched to the characteristics of the business and market, will: improve the probabilities of success shorten the time to exit, and often [...]
Companies certainly have cultures. They also seem to have DNA. Corporate DNA is formed early on in a corporation’s life-cycle. But unlike most living creatures, a company’s DNA can change later in life. Corporate DNA, like all other DNA, determines, to a large extent, the characteristics and success of the organism. Flaws in the DNA [...]
The most important new data on angel investing comes from Robert Wiltbank of Willamette University and Warren Boeker of the University of Washington. Robert Wiltbank is one of the world’s pre-eminent researchers on angel and VC investment. One of the fascinating aspects of this research is how VC investors affect the exits of angel-backed companies. [...]
The really interesting story about tech exits these days is not the small number of really big company acquisitions, it’s the big number of smaller acquisitions. For the typical entrepreneur and angel investor, these smaller transactions are an excellent way to make several million dollar capital gains. I’ve written before on why this is a [...]
The graphic below is an attempt to illustrate the value creation stages in a typical technology company: 10% for locating the target company and completing the transaction. 40% from the value-added by contributions to the strategy and ongoing corporate governance. 50% for the value created from the strategy and execution of the eventual exit—or sale [...]
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Early Exits is available in hardcover, softcover and eBook formats from: www.Early-Exits.com and Amazon