May 2015
Intermediate to advanced
322 pages
7h 26m
English
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Chapter 45. Exiting with Grace
You can tell how long a small business has been open by the number of signs it has up behind the counter.
“No shirt, no shoes, no service.”
“Dogs are not allowed.”
“U.S. currency only.”
Every sign is a little bit of history. It’s a gravestone, a marker of sorts, indicating some stupid thing that someone did there. The longer the shop’s been in business, the more signs accumulate.
Legal contracts are the same way. “Why on earth are you threatening to claw back up to 100% of the deal proceeds if I slander the company publicly? I would never do that.” “Well, this one time we bought a company...”
When a company acquires you, they are making a bet. The actual number of dollars involved may be small to them, or not. But no matter how much or little they pay, they’re betting on you and your company.
There are real people behind that bet. There are big internal arguments about whether or not you and your company are worth the sums that they’re paying. Individuals, who may plan to spend the next decade building a career on this wager, are going to bat for you.
Don’t make these people look stupid.
There are a lot of ways you can ruin things. You can sabotage your team’s effort after the transaction, willfully or through inaction. You can convey to the acquirers that you plan to stay, then leave. You can start a competitive company. You can poach good people.
These kinds of shenanigans will only come around to bite you. Nobody’s going to want to acquire your ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.