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Prepping for Exit - a Founder’s Perspective on M&A - Issue #11

Issue #11 — View online — Suggest a link
Prepping for Exit - a Founder’s Perspective on M&A

Is it time to consider selling your startup? Looking for a founder’s perspective? Dave Parker is a five-time founder with >10 exits. This reading list is practical advice on prepping for exit, pricing and the process.

You are what you read! Here are some books to kick off your 2020 reading list.
Forward this email to another founder that may be thinking 2020 is their year to sell.

Don't Give Up on Your New Year's Resolutions Yet!
January 19 is the day most people give up on their resolutions, in fact, Strava calls it “Quitter’s Day.” A few years ago I was at a New Years’ eve dinner with a friend and our spouses and we were talking about our reading habits. Both of us read a good number of books a year but commented that we didn’t really have a reading goal.
Somewhere later in the evening, we decided that having a goal of 100 books a year would be a good stretch goal and we kicked off 2017 with that target. I finished the first year at 104. 2018 finished at 94. I’ve now set a goal of 75 a year, continuing the 2019 goal into 2020. If you’re interested you can find a list here on Goodreads.
Yes, to preemptively answer the question, Audible and Libby (a free app that connects to your local library for audiobooks) represents the majority of my reading these days. But to get to 75 (or 100) you’ll need to do physical, e-books, and audio.
For me, I’ve found the curiosity is part of what makes good founders. I’m curious about things I don’t know especially where topics cross-industry segments - for example, what works in one vertical market, may not work at another.
Learning from books is cheaper than learning from experience.
I recently finished Leadership Strategies and Tactics: Field Manual by Jocko Willink, also the author of Extreme Ownership. He’s a Navy Seal that now runs a leadership company. One of the points he makes in the book is about Detaching. If you’re the leader, you’re not generally the point person in a firefight. If you are, you’re going to need perspective and to get that perspective you’ll need to detach.
By detaching from the current situation you’ll gain perspective on the battle and look for your next moves. If you’re in the midst of the battle it can be difficult to detach. That’s true for founders as well! If you’re in the weeds from day to day, it’s hard to look at the bigger picture.
What are you favorite books from last year? Send me your list or tag me in Twitter @DaveParkerSEA.
Also, I found out that you can exchange books on Audible from the App. You can exchange within a year for book purchased for a new title… mind blown!
Need some help looking at the bigger picture? Ask for some help.
Q. How do I create a Gates Notes account?
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Techstars Startup Digest Prepping for Exit - a Founder’s Perspective on M&A is curated by:
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