Timing
Source image: Countryside-Maryville.org
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Another personal story: Timing is everything in a sale. Dave Berkus on LinkedIn.com, October 3, 2018, where upon Mr. Berkus was
- hearing that one of the partners was suing the company for being shut out of decision making
- learning what "the real asset" was after 5 pm
- finding out that the company had over 1M users and no idea how to - or even if they should - value their company
- discovering that the company hadn't filed tax returns for the three years it had been in business
- joining the team, settling the partner dispute, cleaning up the taxes mess, buying 10% of the company for $100,000 AND lending it another $150,000 for working capital.
- and then processing that the founder turned down an offer from a competitor to buy the company at a valuation of $285M, followed by the dotcom crash just over one month later.
- and ultimately selling the company for $60M after four years.
Dave Berkus has posted 136 (as of this writing) articles on LinkedIn.com
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From TED.COM
Bill Gross has founded a lot of start-ups, and incubated many others -- and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people's, and ranked each company on five key factors. He found one factor that stands out from the others -- and surprised even him.