Editor’s Note: This post was originally published on Seattle 2.0, and imported to GeekWire as part of our acquisition of Seattle 2.0 and its archival content. For more background, see this post.
By Andy Sack
I had dinner with an old friend, George, and his 15 year old daughter, Halle, yesterday. It was really fun. We ate at the Woodmark Hotel and it was beautiful. Dinnertime conversation consisted of catching up and talking about high school, father-daughter trips, and business. She ended up making some obvious observations and questions. I thought I’d share some of the things she said because while they were in part nieve, they were also really smart. It got me thinking about the value of nievete (as opposed to experience).
- Dad, if you sell your company for $20MM, do I get $1MM? Can I go shopping with that?
- What’s the diference between selling your company (i.e. exit) and selling a piece of your company (i.e. investment)?
- Can’t someone else just copy what your company is doing?
- Dad, you have 2 partners, so if you sell, you get less money?
- What do employees get when a company sells?In talking about yelp, why didn’t they accept $550 MM from Google. That seems stupid.
- In talking about Judy’s Book, why exactly did you sell?
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How much is enough money to sell a company for?
