My $100M Mistake + 6 Company Exit F**k Ups To Avoid (#522)

ℹ️ EPISODE INFO

Released

November 24, 2023

Duration

51m

Channel

My First Million

Watch on YouTube

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📝 EPISODE DESCRIPTION

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd Episode 522: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) play the drinking game “Never Will I Ever,” revealing all the painful mistakes they made when selling their +$10M companies. — Show Notes: (0:00) Intro (2:30) Ignoring QSBS (7:30) Shutting down a company (13:00) Putting out desperate vibes (17:30) Choosing the highest offer over the best offer (22:00) Assuming you’re talking to the decision-maker (27:00) Not getting uncomfortable in a negotiation (37:00) Being disorganized (43:00) Muddying your margins (47:00) Closing a deal remotely — Links:

• $100M mistake” - https://tinyurl.com/yphh46sk — Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.

— Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth

💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch For more quality videos subscribe here → https://tinyurl.com/46rjnckx 🔔 Turn on notifications to stay updated with new uploads

🎤 SPEAKERS

• Shaan Puri

  host

  Entrepreneur and investor; co-host of the My First Million podcast.

• Sam Parr

  host

  Entrepreneur and founder of The Hustle; co-host of the My First Million podcast.

🧾 EPISODE SUMMARY

In this episode of My First Million, featuring Shaan Puri and Sam Parr, My $100M Mistake + 6 Company Exit F**k Ups To Avoid (#522) explores Exit mistakes founders repeat: taxes, leverage, diligence, and deal-closing Shaan Puri and Sam Parr share a “Never Will I Ever” list of mistakes they made during company exits, framed as what not to do when selling a business.

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