
Released On February 04, 2021
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:
- Pitching to Investors
- Negotiating Term Sheets
- The Dreaded Due Diligence Process
- Restrictions Placed on Founders During the Acquisition Process
- Undervalued vs Overvalued
Getting Acquired: Selling Your Business
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