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Is Groupon Stupid to Turn Down $6 Billion?

Tuesday, September 6th, 2011 – running time 05:55
Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses whether or not Groupon made the right decision in turning down Google's $6 Billion offer.

Segments

Jay's Chalkboard Notes:

-Stories in media not accurate

-Offers have hidden terms

-Company owners have insider knowledge

-Hidden data may project large growth


Advice:

If someone offers you $1 Billion, take it!

Today's Homework Assignment

Your takeaway assignment based on today's question is learning to figure out if an offer is worth taking.

Jay's Chalkboard Notes:

-Is an offer worth taking?

-Break intro components

-Does cash meet goals

-Are terms agreeable

-Adequate provisions for employees

-Long term strategic alignment

-Get a corporate attorney to review

03:36

Play

Have a question about launching a business that you want answered?  Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.


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