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SVB files for bankruptcy, market chaos, FedEx boosts forecast: 3 things ...

March 17, 2023

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Why I Sold My Startup, Sparkbuy, To Google (GOOG)

Why I Sold My Startup, Sparkbuy, To Google (GOOG) : " [ Dan Shapiro sold his six-month-old startup, Sparkbuy , to Google in May. On Wednesday, he explained on his personal blog why he did it. He gave us permission to republish his post.] Shortly after the sale closed, John Cook interviewed me about the experience . He did a great job of transcribing all of my verbal gems, like “Maybe that is an economic way of looking at it, or something that I am unfamiliar with.” I’m not even sure what that means. It was the best I could muster in the middle of a crazy, exciting, wild time. But looking back, I realize that there’s an important question there and I didn’t do it justice. Selling a company can be a very lonely decision, so I want to revisit John’s question and share my thinking with others who might be making the call. It was a great deal for the shareholders Most VCs don’t care how long your company takes to show a return – they don’t get to re-invest proceeds of their deals, s...

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Gilbert Algordo

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Gilbert Algordo