Four years ago Nexalogy CEO Claude Théoret was counting the employees he had to lay off. His company had burned through their $600,000 seed round of investment and he was running out of cash. An ugly split with a former co-founder had divided his team, and Théoret had to turn to his wife for a $40,000 loan.
Jump ahead to today and things are a little different for Théoret, who just agreed to be acquired by Datametrex AI Limited for $5.75 million.
In this episode of Built to Sell radio, you’ll learn:
– The hidden reason many founders can’t raise venture capital
– How to evaluate what it will be like to work for your acquirer before you agree to be purchased
– The types of issues that often derail an acquisition at the last minute
– What Théoret means when he says ‘the devil is going to get his 12%’
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