Re:Ask HN: Sell my startup for $14M because I can't raise $2M?
by tptacek on Friday September 22, 2017 @08:30PM
(#15317248)
I could be wrong, and if I am I'd appreciate informed corrections, but I don't think it's the norm for low-8-figure transactions to use bankers.
Re:Ask HN: Sell my startup for $14M because I can't raise $2M?
by vostok on Friday September 22, 2017 @10:42PM
(#15317750)
Business brokers also exist and they're very similar to investment bankers for small, simple transactions.
Re:Ask HN: Sell my startup for $14M because I can't raise $2M?
by davenbuster on Saturday September 23, 2017 @10:53AM
(#15319993)
I've been involved in a few deals of that size (acquiree and acquirer) and to my knowledge, no acquirer ever had an IB. If funded, acquiree could lean on angel or VC who's seen a lot of deals.
Re:Ask HN: Sell my startup for $14M because I can't raise $2M?
by sgs1370 on Friday September 22, 2017 @08:36PM
(#15317266)
I could be wrong also, my remembered banker stories were about larger transactions, it's true.
(PS, why can't I reply to the comment to my comment? I guess I don't comment enough to understand HN :-)
There are obviously some things to be very careful in terms of shopping for a deal, but that's also how higher valuations occur. And, if the acquiring company doesn't want to deal with it they can give you a "no-shop" offer that is higher, in addition to the breakup/no-deal fee.
*This "should" in addition to everything else above is just an opinion. I've only been in a company once that was acquired successfully and heard stories about other situations, so take it for what it's worth which might be nothing :-)