When my great friend & MyBlogLog co-founder Eric Marcoullier and I are asked by other founders:
“Hey, we just received an offer of $XX Million to sell our company to [Google/Microsoft/Yahoo!/etc.]. Do you think we should take it?”
Our answer is always the same:
“Is it enough money for you to never see your startup change again? Would you be comfortable calling this project you have worked on so hard ‘done’ — including reading posts in the media saying that you have stopped innovating? If so, and the organization is a good fit for you and your product, then absolutely sell. If not, you should think very deeply if selling is really the right move for you now.”
I am now wondering if we should go even further:
“Would you be comfortable never touching your product again?”
You are selling your company after all. It now belongs to someone else. Perhaps the best move for the startup, founders and the acquiring company alike would be to make the hard choice — like parents sending their kids off to college — to let their baby grow up without those that brought them into the world.
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