Miscellaneous
All entrepreneurs need an exit plan, an opportunity to see their company, generally through an acquisition with an established corporation. The difficult question is knowing when to sell, the terms of the sale and finding the right acquisition partner. This podcast challenges that assumption. It’s actually the buyer who is controlling the decision to acquire and the terms of the transaction. Part 1 of this podcast explores the sequence of events for a Founder and CEO to take his venture-backed company to an exit. We start with a board meeting, where Ken, the Founder, and CEO is informed that a decision has been made to bring in an experienced manager to be the new CEO and take the company to the next level.