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Guy Mucklow and Thomas Smale – AMA | No Exit | 16 Feb

Guy Mucklow and Thomas Smale – AMA | No Exit | 16 Feb

Have an eye to selling – even if you don’t want to sell.

One of the key things that came out of this discussion is that having an exit strategy in mind isn’t just about wanting to sell your business.

Almost everything that has anything to do with exit strategy as you build and grow your business will add value in the long term – having clear processes and documentation, ensuring contracts are clear, developing new products and markets etc will all mean your business runs better and should you be in a situation where you want to sell, they are in place.

Having to make those things happening at the last minute as you try to go through a sales process is a killer.

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It’s not the tools you use, it’s the tools you don’t use.

It’s not the tools you use, it’s the tools you don’t use.

Wise words from Bridget Harris, Founder & CEO of YouCanBookMe in this Hangout with Peldi from Balsamiq, two organisations with a commitment to doing things another way. Bridget, discussing the tools that they use everyday to facilitate remote working was referring to using email as a communications tool. She said the company only really uses email for external communications as in her view email encourages the wrong type of behaviours in teams – hoarding of information etc.

This was a wisdom filled hour. Rewatch the Hangout below or see the original talk and talk transcript that sparked this discussion.

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Why We Turned Down a $100 Million Sale | Guy Mucklow, PCA Predict | BoS Europe 2016

Why We Turned Down a $100 Million Sale | Guy Mucklow, PCA Predict | BoS Europe 2016

Guy Mucklow, Co-founder, PCA Predict

Guy and his co-founder Jamie Turner founded Post Code Anywhere in 2000. Like many self-funded, profitable businesses, they had a steady stream of investors knocking at their doors but never had any interest in taking the money or selling. Last year, they were considering how they should grow a big data startup, Triggar, they had started together. Should they fund the startup with the profits from PCA Predict or sell their profitable business and use the funds to focus on Triggar? Initial conversations with an investment bank about strategic options turned into offers for the business and months later they were a whisker away from selling PCA Predict for close to $100 million. Guy discusses why they pulled out of a deal costing them a significant amount of money and time, the danger of being sucked into a process (albeit willingly), and why he feels that keeping the business was the right decision for shareholders, customers and the team.

Slides, Video, Notes, Hangout & Transcript below

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How We Almost Messsed Up Trello | Michael Pryor, Trello & Paul Kenny, Ocean Learning| BoS USA 2016

How We Almost Messsed Up Trello | Michael Pryor, Trello & Paul Kenny, Ocean Learning| BoS USA 2016

Michael Pryor, CEO, Trello and Paul Kenny, Ocean Learning.

Michael Pryor is CEO of Trello, the tool that helps entrepreneurs organise their businesses and lives. He’s also the co-founder and President of Fog Creek Software, sits on the board of Stack Exchange.

In this interview, with Paul Kenny, Michael talks about some of the things he got wrong building Trello and discusses the reasons things went wrong as well as what was done to get it right.

Video & Transcript below

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