Basically, my understanding of what the operators said is that if you have a reasonable offer on the table, even if it’s not what you had in mind, you should take it. Because you never know what’s gonna happen in the future. And in reality, your life will change and will not be very different whether that amount is 20, 30 or 60 millions. -The OPERATORS, E005: Attribution Modeling, Branding, Panzerism, Company Acquisition, Ridge Regrets & More. Continue reading Take the money
If you cannot get the terms you know make sense, then walk away. This is one occasion when you have the right to overrule senior management in your company, if you feel strongly enough. Listen hard. But if you are not convinced, insist they walk away. -How to get rich, p.280 Continue reading No deal is a total make-or-break deal. Not one.
Real money rarely comes from horsing around running an asset-laden business if you are an entrepreneur. You are not a manager, remember? You are trying to get rich. Whenever the chance comes to sell an asset at the top of its value, do so. Things do not keep increasing in value for ever. Get out while the going is good and move on to the next venture. More money is usually lost holding to an asset than is made waiting for the zenith of its value. I should know – it’s my own biggest defect. -How to get rich, p.214 Continue reading Sell early
Back in the days, Felix Dennis was offered to sell his business to Ziff Publishing and to, together conquer, the European Market. Felix declined the offer, teamed up with VNU to fight Ziff back, it took them everything, 2 years of profit were burned in making sure Ziff’s venture was a failure. Ziff finally gave up after losing millions of dollars. Looking back, does Felix thinks it was worth it? No. Absolutely not. It was stupid. Glorious, but stupid. I would have listened more closely to Phil and Bill. I would have negotiated my balss off. I would have become … Continue reading How to think of an hostile acquisition
Roadmap to Billions 