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The Tech Entrepreneur's Survival Guide: How to Bootstrap Your Startup, Lead Through Tough Times, and Cash In for Success by Bernd Schoner

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CHAPTER 12

Exit Strategies

The worst is notSo long as we can say, “This is the worst.”

—WILLIAM SHAKESPEARE (1564–1616)King Lear

Selling a highly profitable business is fun, and so is selling a high-growth business! But what do you do when you have been losing money ever since you can remember? When you are sitting on overwhelming investor preferences? When you owe the bank? Or when your top line hasn’t changed appreciably over many quarters?

HIRING AN INVESTMENT BANKER

In the midst of startup difficulties, someone usually suggests hiring an investment banker. Whether the company is desperate to raise funds or to sell itself, the situation instantly ...

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