Attempting to proactively shop a startup typically yields terrible acquisition offers
Harpreet Singh Grover · Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company · Apr 6, 2021 · at 21:18
Harpreet Singh Grover, co-founder of CoCubes, reflects on acquisition dynamics based on his experience selling CoCubes to Aon Hewitt.
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“And the key to thing is that companies are not, you know, sold, they are bought. That is a, I think that is super critical to remember because at that point we wanted to actually went to all the folks, all the large companies saying, you know, we want to buy and, you know, we got one or two offers, but the offers were bad. You know, they were not worth accepting. So, you know, companies are you know, the companies are not sold, they're bought. You know, this is critical to remember.”
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