Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: askjay@revision3.com, @jayadelson, or http://youtube.com/askjayadelson Read More
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.
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!
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
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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