Released On February 04, 2021

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In this episode, we talk to Pratik Patel, who sold his business - RideKleen - to a multibillion-dollar organization - Cox Automotive. We discuss what a founder goes through during the acquisition process...and why it's not all "Rainbows and Sunshine"

 

In episode 4 of the Business 360 Podcast, we will cover:
  1. Pitching to Investors
  2. Negotiating Term Sheets
  3. The Dreaded Due Diligence Process
  4. Restrictions Placed on Founders During the Acquisition Process
  5. Undervalued vs Overvalued
 
Getting Acquired: Selling Your Business

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Here's your highlight guide to the episode:

[04:34] - Challenges when pitching to investors and raising capital

[06:00]- What is a term sheet and what are the different types of term sheet you get from investors 

[09:00] - Tips and advice to entrepreneurs who receive a term sheet from investors

[12:48] - What is the due diligence process and what are the steps taken before exiting business

 
Learn more about our guest:

Pratik Patel on LinkedIn

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