My First Million

My $100M Mistake + 6 Company Exit F**k Ups To Avoid

191 snips
Nov 24, 2023
The hosts highlight their biggest blunders when selling companies, including the dangers of ignoring QSBS and choosing the highest offer over the best one. They share insights on the importance of negotiation, emphasizing confidence and options, and reflect on the need for organization in financial records. Through engaging anecdotes, they explore the emotional dynamics of deal-making and the critical role of trust. Additionally, they discuss the benefits of using virtual assistants to streamline operations, ensuring a smoother business transition.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ADVICE

QSBS Details

  • Understand QSBS rules to maximize tax benefits.
  • It offers exclusions up to $10 million or 10x your investment, whichever is greater.
ANECDOTE

Shaan's $100M Mistake

  • Shaan Puri shut down an app with 500,000 downloads without trying to sell.
  • He believes it could have sold for tens of millions.
ANECDOTE

Avoid Desperation

  • Sam Parr acted desperately when selling The Hustle.
  • He advises acting indifferent and having multiple options.
Get the Snipd Podcast app to discover more snips from this episode
Get the app