With so much media coverage on acquisition stories, many entrepreneurs think they need to sell their company for a big pile of cash in order to be successful. If you are a startup founder, chances are you have at least thought about the possibility of being acquired by Google or Facebook
It's true that an acquisition brings some great benefits (namely, the pile of cash), but there's a downside to selling your business that's not always discussed. The news shows a picture of the smiling founder, but the cameras don't stick around to capture the next day, or the next
When my boyfriend (now husband) and I started our first business in 1997, we certainly didn't have an exit plan. Truth be told, I'm not sure I even knew what the term "exit strategy" meant. Phil was in the midst of law school, and I was a part-time law student who needed to work as a law clerk to pay her way through Read more...
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