Abousleiman: Founders must document processes to make themselves non-critical for exits
Marc Abousleiman · Startup Acquisition Stories with Marc Abousleiman - Co-Founder & CEO at Appregator · Jul 26, 2022 · at 8:28
Marc Abousleiman, co-founder and CEO of Appregator, offers advice to software founders on preparing their companies for acquisition.
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“Document your code and document everything you're doing, because it might make sense in your head. And you might feel like you're slowing down by just writing down all the steps that needs to, you know, you need to do to run your business. But the reality is if you're looking for an exit or if you're even considering an exit in the future and you're not sure, having everything clearly laid out and kind of making yourself No longer mission critical for your business is a very, very powerful thing because it means that someone else can take it over. It doesn't mean that there's no work going forward. It just means that that handoff is smooth and people will reward you for that. Like having something that's quote unquote plug and play is super valuable.”
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