What’s Different About Selling a High-Growth Company?
M&A Talk: #1 Podcast on Selling a Business
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How Much Does an Attorney Set You Back Per Hour?
Get a very experienced attorney. Stay away from earnouts at all costs. They're messy, right? Yeah. You rarely get them. Once you sell the company, you have no power to control your ability to get the amount. There's absolutely no control. So you have no control on revenue and you would die. And I advise heavily against them. Generally they're done to bridge a valuation of a deal where the founders and the VCs weren't that confident that they could go out on their own. It puts you at odds with the people you're working with...and it just doesn't work.
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