Startups.com

“Most of these companies don't get bought with just a big check cash on the barrel head.”

“To put that in perspective, we've made a 50 X return on our investment by buying what other people would call failed startup, right?”

“By the time you're going to have that conversation, it needs to be definitive. Dude, I'm out. I'm out of money. I'm out of, like, hell, like my spouse is trying to, you know, is, is tired of dealing with my shit. I need to get out. Okay, now hear me out. Now, …”

“Usually the founders are like, well, I just raised that a twenty million dollar valuation. And I'm like, yeah, and if you stop working there, the value is now zero. Like, it works there, there's no value. And most founders don't get that.”

“You have to start with right now, your option is zero. You can't be like, oh, I know we raised that fifty million, but like, you know, this one will only get you five. You'd be like, dude, you invested however much you invested. Sadly, it's gone. We're startin…”

“We end up talking to, and doing diligence on over a hundred different venture-funded startups, And we ended up pulling the trigger on six of which all six completed.”

“It costs tens of thousands of dollars at the very least in legal fees and in, in consulting financial fees in order to officially wind down a company.”

“No one will remember whether or not you made money on the sale, but everyone will remember that you sold.”

“I've acquired over a million startup in all the acquisitions that we did. Right. So a million customers on paper that should have yielded me Orders of magnitude of value, cross-selling products, et cetera, never happened, right? I mean, parts of it happened a …”

“If you don't keep that variable component, what I call kind of the lottery ticket in the deal, it is very hard to negotiate a cash purchase.”

“We always do asset purchases. We never buy the actual operating company. There's never any upside in it.”