Thank you Brian! Finally, a realistic story with a realistic outcome and a healthy attitude towards the whole process. Too many folks expect to start something and quickly make a boatload of cash, forgetting that just staying alive is a challenge.
Most businesses fail. Many just limp along. Being successful by any measure is tough. Congratulations on building a successful business and getting the outcome you wanted to see.
curious..
· 2 years ago
did you use any agent to connect with potential buyers? in general what is your advice about agents and other good ways to connect with potential buyers..
NominalFirm
· 2 years ago
Le Brian remercie ! Enfin une histoire réaliste avec un résultat réaliste et un réglage sain par rapport au processus complet. En plus beaucoup de peuples s'attendent commencer quelque chose et former rapidement un chargement de bateau de l'argent liquide et oublier à ce qu'un défi reste de façon vivante droit est.
Brian McConnell
· 2 years ago
We used several agents throughout the life of the company. My experience is that while you want an experienced negotiator to work for you during a deal, these people add very little value in terms of finding either investors or buyers. You have to do that yourself.
Be especially wary of anyone who advertises themselves as an agent for VCs. The VCs hate deal brokers, and generally regard them as bottom feeders. They can really damage you, and therefore I advise anyone looking to raise money to do the cold calling themselves.
interesting...
· 2 years ago
Why do VCs hate "deal brokers"? Would you call a third party that introduces a VC to an early stage start-up company a "deal broker"?
Full Disclosure: I am not a "deal broker" - am an MBA student interested in VC and am curious....
Max
· 1 year ago
Hello webmaster! Found your blog on yahoo - thanks for the article but i still don't get it.
All Comments
Most businesses fail. Many just limp along. Being successful by any measure is tough. Congratulations on building a successful business and getting the outcome you wanted to see.
Be especially wary of anyone who advertises themselves as an agent for VCs. The VCs hate deal brokers, and generally regard them as bottom feeders. They can really damage you, and therefore I advise anyone looking to raise money to do the cold calling themselves.
Full Disclosure: I am not a "deal broker" - am an MBA student interested in VC and am curious....