Common Questions After a Startup Exit

A little over two weeks ago ExactTarget acquired Pardot (see ExactTarget and Pardot Join Forces) and things have been a blur ever since with congratulatory phone calls, in-person meetings to tell the back story, and kind email notes. Throughout it all there have been a number of common questions that have repeatedly come up.

Here are common questions founders get asked after a startup exit:

  • Did you approach them or did they approach you?
  • Was it a competitive bidding situation?
  • Why did they pay the valuation they paid?
  • Did you think the business would sell for that amount?
  • How long did the acquisition process take?
  • How stressful was it?
  • What did your family think when they found out?
  • What are you going to do to celebrate?
  • What are you going to splurge on?
  • What are you going to buy your spouse as a thank you gift?
  • What’s next?

There has been a number of other questions but these were the most common. Selling a business is an emotional experience and it’s fun to talk through the details.

What else? What are some other common questions for a founder after the sale of the business?

Comments

2 responses to “Common Questions After a Startup Exit”

  1. Sanford Avatar

    Do you have a earn-out period, i.e., a year or so that you have to work for ExactTarget?

    1. David Cummings Avatar
      David Cummings

      No, no earn-out period or employment period.

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