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3
votes
1answer
136 views

How To Protect My Unpatentable Simple-But-Effective Product Against BigCompany

I have a simple idea (I think it is not patentable) that I have turned it into an effective software. It need some more effort to make it commercial. By the way I am not unwilling to sell it to THE ...
2
votes
5answers
212 views

Strategies for When One Discovers Competitor

For that past few months, I've been building a product that targets a specific niche. The kind of product I have been building hasn't been around the marketplace, and I knew there is a demand. ...
1
vote
1answer
66 views

when invest in new ideas?

I've been working on a new product for a year. This new product allows me to start developing custom software to fit the needs of each customer but developing the same software isn't very interesting. ...
2
votes
3answers
962 views

Questions to ask CEO when interviewing at a startup

I've been through several rounds of technical (software developer) interviews at a start-up and have done pretty well. I've been invited back for the final round which will be with the CEO. I ...
2
votes
1answer
149 views

Buyout angel investor to avoid exiting?

It appears that in order to raise angel investor financing for my first-of-it's-kind product startup ($500K+ minimum) I will have to give up the whole dream within a few years in an exit event. ...
2
votes
5answers
317 views

How to decide if a business has to be closed?

An obvious point is if there is no sales for a given period of time and if your costs keep piling up, you have to close down. But if the product was not sold like hot cake but had some sales (though ...
1
vote
1answer
144 views

Valuing intangible assets in an LLC sale

Upon sale of an LLC, how would I express the values of intangible assets the LLC has generated (e.g. certain access rights, processes and procedures, IP, and customer relationships)? These are assets ...
4
votes
6answers
416 views

Should I show a prototype to BigCompany? How can I encourage them to buy me out?

I have a software prototype that integrates with a product from BigCompany (like really, really big). I predict it would take 6 more months to polish it so that it's of commercial quality. But I'm ...
3
votes
3answers
133 views

how to say no to a project for start up a company?

We wanted to start a little startup, but things changed after a big company asked us to do some modules, and after being in talks, we thought now that it will be best to start with the small that ...
1
vote
2answers
302 views

Founder/Co-founder exit with share holding

I have been one of the 3 co-founders/founders (all 3 have equal share holding) of a seed funded low revenue startup for about a year now. I have decided to leave the company while my partners are ...
1
vote
2answers
314 views

lifecycle of a startup funding and complete buyout?

I'm staring well a start-up :) Currently we are using internal funds, and by estimates it will last for a good while, but if our growth(users servers etc.) exceed our sales, sooner or later we will ...
4
votes
3answers
234 views

Can I keep my S Corp open when the president wants to leave?

So I have a small S-Corp incorporated in New York State. The company really hasn't made any money, and is currently only used to hold a piece of IP. Both the President and I (the Vice President) own ...
4
votes
1answer
136 views

Should I include an exit strategy as part of my pitch to angel investors?

In my first letter to Angel investors that describes my work should I include a description of my exit strategy? And if that is something I should include, what all should I include in describing my ...
1
vote
2answers
118 views

UK limited company exit mechanism

Can anyone tell me the mechanism by which a UK technology business is acquired? Does the acquirer usually buy: all the outstanding shares in the limited company, or, all the assets and liabilities ...
7
votes
3answers
245 views

How do you maximize the opportunity for a “purchase from competitor” exit strategy?

In the development of a solid business plan -- whether written for a formal purpose or as an internal document to focus the activities of the leadership -- there is the identification of the potential ...
5
votes
3answers
159 views

What is the difference for a company between having an exit strategy and designing to be ongoing?

Many companies are started by people who dream of one day drinking pina coladas on the beach after exiting their business in some fashion. Of course many fail to deliver on that dream, and some of ...
4
votes
3answers
368 views

How to plan exit

I have an idea in global commerce area and I am trying to develop it to a software product. I shared my thoughts with several experts and got their positive feedback. Currently, I am working on a ...
5
votes
3answers
451 views

I have received an offer for my domain. what should I do?

I have received a great offer for the domain name techhotbed.com and techhotbed.net (all of which I own under a company name). A very powerful blog building company approaches me last week and made a ...
1
vote
3answers
659 views

Compesation at a Start Up - Tied to Founders Schedule

I have been offered to join the senior management of a start up. The compensation structure includes salary, equity, commission. Here are my questions. Is it fair to ask to be tied to the founders ...
2
votes
1answer
76 views

new startup — basis date for cap gains on exit

I'm part of a new three-man software startup. We began product development in February, and started accruing expenses at that time by hiring contractors for help. Our company is not yet legally ...
2
votes
2answers
222 views

How do I separate from my co-founder while in an innovation incubator?

I co-founded a start-up a year ago (currently in seed stage) and lately have been struggling with working with my co-founder. I'm burnt out from having to battle this person's behavior (poor work ...
5
votes
3answers
291 views

Can a software start up be sold?

Does software alone have any value to sell? If your start up fails for whatever reason but you have a software product built but not patented can you sell your company and to whom would you approach ...
4
votes
3answers
784 views

How do I leave my startup safely?

My partner and I founded our biz about three years ago. Then we got several waves of funding. Now neither of us are on the board and I feel like just an employee now. I'd like to leave. What do I ...
5
votes
5answers
1k views

How can I leave my startup and keep all of my shares?

I am really pleased I have found this forum as I need some help. I am a co founder of a privately funded start up. We are having some success and we have just received some awards and have some ...
7
votes
11answers
627 views

What to do with a startup, that is not thriving, but is not complete failure either

I'm working on a startup that is providing web-based application. We have over 600 paying customers, which is 5% market share in that particular niche. It takes 2 persons to drive this business, but ...
5
votes
5answers
1k views

How to build a strong “Divorce Strategy” in an Operating Agreement

What types of things might I think about and incorporate into my operating agreement as it relates to a "divorce strategy" (either amicably or not). Please respond with good questions my partner and ...
2
votes
3answers
1k views

How does going IPO changes a company's structure?

Do venture capitalists leave the company and board of directors after getting their 10x returns. how much ownership does company give to the stock holders and what kind of board of directors do public ...
6
votes
7answers
866 views

What happens when VC backed businesses can't find an exit but are profitable?

I have a internet business and things are going pretty well. We are selling some types of digital products in the 'creative field' (can't get into more detail here, sorry). The business has been self ...
3
votes
4answers
325 views

How does one go about handing off/selling software business to another party?

I think Bob Walsh mentioned something similar in one of his blogs or podcasts and there are a few other examples around that I have heard about, but I have not heard many of the details. (One is a ...