One-Click Buy Strategy
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A strategic framework for selling your company by making the acquisition process as frictionless as possible - turning your company into a "one-click buy button" for acquirers.
When to Consider Selling
- Great offer arrives unexpectedly
- No longer believe in the business potential
- Ready to move on and prefer exit over hiring operators
- Check alignment with original mission:
- Still believe it will work
- Still believe it will be big
- Still believe you can do it
- Still want to do it more than anything else
Key Players to Identify
- Executive Champion
- The person actively pushing for the deal
- Needs to be clearly identified for deal success
- Company Router
- Usually corp dev in large companies
- Person who can connect you to key decision makers
- Deal Doula
- 1-2 trusted advisors with M&A experience
- Helps navigate process and provides guidance
Creating the One-Click Buy Experience
Documentation Package
- Technical one-pager
- All built assets
- Build time estimates
- Special sauce/competitive advantages
- Talent presentation
- Team credentials and achievements
- Make it easy to evaluate team quality
- Strategic alignment memo
- Written from acquirer's perspective
- Shows how acquisition solves their problems
- Clean financials
- Organized data room
- All numbers readily available
Communication Strategy
- Create communication timeline for:
- Cofounders (ASAP)
- Investors (Strategic timing)
- Employees (Near deal close)
- Be careful with transparency - can affect team dynamics
Deal Momentum
- Follow up quickly with requested materials
- Keep conversations moving forward
- Have multiple potential buyers in parallel
- Remember: "One choice is no choice"
Post-Deal Considerations
- Keep closing terms clean
- Have good lawyer and accountant
- Don't burn bridges - deals often fall through
- Sprint hardest after getting term sheet
- Celebrate success appropriately
15:22 - 17:04
Full video: 26:32SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.