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How To Sell Your Startup with Mark Achler and Mert Iseri
On this episode of the Traction podcast, host Lloyed Lobo of Boast.AI welcomes Mark Achler, Managing Director of MATH Venture Partners, and Mert Iseri, Entrepreneur in Residence at MATH Venture Partners.
A successful exit is a dream for many founders, but it often seems like a black box or a game of chance. So how do you bake an exit strategy into your business from day one, whether it’s an acquisition/selling your startup, a merger, an IPO, or something else?
In this session, Mark and Mert share how to position your startup for a successful acquisition based on learnings from interviewing more than 70 seasoned entrepreneurs with multiple exits to produce the book Exit Right.
Specifically, Mark and Mert dive into:
2:00 - How the Exit Right book came about
7:45 - Common learnings from across 70 exits
19:01 - The framework for a successful exit
23:51 - How to build relationships and approach potential acquirers early on
34:09 - Determining when it's the right time to sell
39:12 - How to determine valuation
48:50 - Things to look for in a term sheet
58:46 - The ideal timeframe for an acquisition to close
1:04:06 - The right and wrong time to engage a banker
1:10:37 - Tactics when scouting for other buyers and striking up a conversation
1:13:05 - Tips for maintaining your sanity
Learn more at https://tractionconf.io
Get the Exit Right book: https://www.amazon.com/Exit-Right-Startup-Maximize-Return/dp/1544525990
Connect with Mark Achler: https://www.linkedin.com/in/markachler/
Connect with Mert Iseri: https://www.linkedin.com/in/merthiseri
Learn more about MATH Venture Partners at https://www.mathventurepartners.com/
This episode is brought to you by:
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Published on 3 years, 6 months ago