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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
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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