This chapter explores the journey of deciding to sell the company, discussing the reflections, growth milestones, and the factors that influenced the eventual acceptance of Axel Springer's offer. It sheds light on the initial rejections of acquisition offers, the satisfaction in building a valuable business, and the intricate negotiations involved in the acquisition process. The speakers provide valuable insights on the importance of valuation, not getting greedy in deals, and the trade-offs founders face when considering acquisition or fundraising.
Episode 128: On today’s episode of Founder’s Journal, I talk through the sale of Morning Brew. I chat about how the opportunity came about, why we said no to previous potential deals, why I thought selling the business was the right decision, and if I have any regrets reflecting on the decision today.
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