Startup founders need to keep a close eye on financial metrics such as recurring revenues from the get-go so they have a clear sense of their business’s value if they choose to sell, one of the city’s leading entrepreneurs told Techopia Live this week.
You.i TV co-founder Jason Flick, who left the Kanata-based software company earlier this year after U.S. media giant WarnerMedia acquired it for a reported US$100 million, said startup leaders need to have the mindset that their company could receive an offer from a potential buyer at any time.
Flick said You.i’s management team initially didn’t intend to sell the company and instead planned to pursue a series-D funding round. It was only after those efforts came up dry that the company switched course, and it might not have been as prepared for negotiations as it should have been, he added.
New Quadriga senior appointments - Christian Thum and Jarkko Matilainen Monday, May 17, 2021 Opalesque Industry Update - Quadriga Asset Managers announced the senior appointments of Christian Thum and Jarkko Matilainen to the Quadriga Asset Managers team and Board.
Christian Thum, a German national, joins Quadriga as Senior Portfolio Manager Equity Long/Short Opportunities based in Madrid and brings 25+ years of investment and senior leadership experience across London, Frankfurt, and Zurich, including Solomon Brothers, Goldman Sachs and Merrill Lynch, where he was Managing Director and Head of Equity Proprietary Trading managing a team of 20 proprietary traders in Europe with billion+ mandates, subsequently Senior Portfolio Manager at leading hedge funds Marble Bar Asset Management, BTG Pactual, or Mako Group, and his own fund, CT Invest.
Techopia Live: Selling your business? How to prepare your financials
If opportunity knocks, is your business ready to be sold? Could your financials withstand a rigorous due diligence process? Are you properly positioned to capitalize on one of the hottest M&A environments in recent years?
Join Techopia and NumberCrunch for a live virtual event that will help business owners and finance leaders from the technology sector understand how to prepare for a sale.
The event will feature Susan Richards, virtual CFO to many local technology startups, in conversation with Jason Flick, the co-founder of You.i TV.
Flick, who recently navigated the company through its acquisition by U.S. media giant WarnerMedia, will share his insights into the process and offer advice to other founders.
Techopia Live: Selling your business? How to prepare your financials
If opportunity knocks, is your business ready to be sold? Could your financials withstand a rigorous due diligence process? Are you properly positioned to capitalize on one of the hottest M&A environments in recent years?
Join Techopia and NumberCrunch for a live virtual event that will help business owners and finance leaders from the technology sector understand how to prepare for a sale.
The event will feature Susan Richards, virtual CFO to many local technology startups, in conversation with Jason Flick, the co-founder of You.i TV.
Flick, who recently navigated the company through its acquisition by U.S. media giant WarnerMedia, will share his insights into the process and offer advice to other founders.