Hacker News new | past | comments | ask | show | jobs | submit login

Want to sell your startup: don't be desperate; people smell that--and it stinks.

Attract buyers (put out press releases about how well you're doing--hire a PR firm), and then Say No. Tell them are too busy to prepare financials, and your lawyers refuse to waste their time. Just say no But Be NICE About it.

This works like a motherfucker because (A) People Really Want What They Can't Have... and (B) They Already Really, Really Want It Because Of The Press Releases. (C) Hire a Real Negotiator--and a person who is dispassionate about the business. Pay them a percentage of the gross profits; of course you tell them a bottom line number which is the lowest offer you'd accept.

Put the sale money in escrow and you each pay 50% of the due diligence cost After the money is in the bank.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: