How do you sell a food company to an investor? By opening up excel and doing the math. The average seatsch company is worth between eight and 12 million dollars, let's cal it ten million dollars. That means i have to sell this tako company for a hundred million dollars. Can you get there in a reasonable amount of time? A reasonabl amount oftime? Five to seven years, is probably what i would do.
Awesome chat with Angela Lee (37 Angels, Columbia Business School) about angel investing. We talk through what angels are looking for, who should try to raise from them, what'll happen if they do, and what the other options are.
Then, we spend the last 15 minutes starting a $100mm Taco company. Angela walks through the process goals and financial milestones she'd want to hit in a fascinating startup exercise.