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Entrepreneurs Shaan Puri and Sam Parr play 'Never Will I Ever,' discussing mistakes made when selling their +$10M companies. Topics include ignoring QSBS, shutting down a company, choosing the highest offer, assuming you're talking to the decision-maker, being disorganized, and closing a deal remotely.
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Quick takeaways
- Avoid ignoring QSBS (Qualified Small Business Stock) when selling a company.
- Never shut down a company without exploring sale options, as there might be potential buyers.
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Main Ideas/Key Points/Insights
1. Don't make the same mistakes when selling a company
2. Avoid ignoring QSBS (Qualified Small Business Stock)
3. Never shut down a company without trying to sell
4. Act confident and avoid desperation in negotiations
5. Be organized and have a clean data room for smooth M&A process
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