Ready to kiss your start-up goodbye? VC principal Geoff Lewis offers four ways to tell if you're prime for the picking.
Exit strategies are rarely mentioned by start-ups, yet they are something every business owner needs if they hope to be acquired, said Geoff Lewis, principal at Founders Fund, a venture capital firm.
Speaking Tuesday at Internet Week in New York, he explained, "entrepreneurs and VCs don't often talk too candidly about how to think about getting acquired, because the best start-ups don't actually sell. The truth of the matter is that the vast majority of start-ups will not IPO, and most start-ups are also not suicidal. They do not want to die. Start-ups do not want to go off into the night with no exit whatsoever."
There might not be an incentive to plan, as there's nothing to gain for investors, but entrepreneurs don't want to risk running their company into the ground before the deal has been finalized.
Here are four ways to tell if your company needs a makeover before you try to offload it: Read more: click image or title.
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