Poll: How little would you sell your startup for right now?
I'm curious to know how much you are really valuing your startup in terms of the minimum $ it would take for you to give it up right now.
I realize all transactions are different, so I'm going to try to simplify it for you as much as possible. Suppose you net $X from the transaction, in your bank account, today. No other $ down the line.
Also, suppose you like the acquiring company, i.e. you think they won't mess it up. Suppose you get to do whatever you want after the acquisition (work on it, not work on it, consult, etc.). Suppose there is a non-compete structured in such as way as you can’t work on exactly the same thing for a while. And disregard any other liability--consider it worked into X.
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[ 6.0 ms ] story [ 47.3 ms ] thread(We are not yet funded and have no obligations to investors)
If I get rich, I want to do other creative stuff with the money. 15 million is an institute for music composers, with access to staff, instruments, and state of the art music labs. 50 million is a non profit to design next generation nursing homes and non profit business models that improve care by spending more on staff and being endowed. 100 million is a center for the study of consciousness, to patronize great thinkers, and provide the resources for any kinds of interdisciplinary collaborations the smart folks need. 250 million is a center for the study of space and time, where philosophers and physics could work together to address fundamental questions with no academic requirements and many resources.
I'm not giving up my chance to build up a google size company and do all that other stuff for twenty million.