A question I’ve been asking myself since Google bought YouTube for $1.65B.\u00c2\u00a0 Now make no mistake – that is a LOT of money, and it’s hard for me to envision a time when I’d turn that down.\u00c2\u00a0 But it begs the question:\u00c2\u00a0 if you GET that offer, how can your company not be WORTH that much – and therefore MORE in the long term?<\/p>\n
At my last job, the owner and founder made a HUGE mistake when he took the company public for absolutely the wrong reason – he needed money to pay the bills.\u00c2\u00a0 It wasn’t a good business model, and it really COULDN’T make money at that point.\u00c2\u00a0 If he had any idea how lucky he was to have the management team he had, maybe he’d still be leading he company today.<\/p>\n
But what happens when I get an offer for someone to buy my software company when it is really profitable?<\/p>\n
I think the answer is this:\u00c2\u00a0 the money I’m potentially going to make pales in comparison to the legacy I can build, the people i can employ, and the businesses I can help to become successful.\u00c2\u00a0 I picture user group meetings where people bring product improvement ideas to us by the boatload, and we work to implement them all.\u00c2\u00a0 Making goo-gobs of money will be a lovely side effect of all of those things.<\/p>\n
So would i sell?\u00c2\u00a0 Maybe – but it sure would have to involve more than just money.<\/p>\n","protected":false},"excerpt":{"rendered":"
A question I’ve been asking myself since Google bought YouTube for $1.65B.\u00c2\u00a0 Now make no mistake – that is a LOT of money, and it’s hard for me to envision a time when I’d turn that down.\u00c2\u00a0 But it begs the question:\u00c2\u00a0 if you GET that offer, how can your company not be WORTH that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-my-life"],"_links":{"self":[{"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129"}],"version-history":[{"count":0,"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=\/wp\/v2\/posts\/129\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kellybakst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}