TLDR Founders · MISCELLANEOUS

6 HARD-WON LESSONS FROM SELLING MY STARTUP

sillymoney.com4 min read

Summary from the TLDR Founders newsletter

A founder recounts the months-long grind to a 9-figure acquisition. The biggest takeaways: companies are “bought, not sold,” so keep building until you have leverage. Lawyers can drag things out for bigger fees, so it helps to push for a quick close. Also, watch out for how your employees fare in deal negotiations. Many founders dream of that big exit but are unprepared for the emotional whiplash, endless legal slog, and potential heartbreak. This piece highlights how to keep your company strong (and less distracted) until the wire hits.