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Lessons from my first exit

(mtlynch.io)
410 points saeedesmaili | 2 comments | 14 Nov 24 07:32 UTC | HN request time: 0.477s | source
1. hartator ◴[14 Nov 24 15:22 UTC] No.42137052[source]▶
2.4x annual profit seems like a pretty bad deal.
replies(1): >>42139198 #
2. toasterlovin ◴[14 Nov 24 18:09 UTC] No.42139198[source]▶
Low multiples are pretty normal for a small business. There's a lot of risk for the buyer. IMO it makes selling an ongoing concern not worth it if you can significantly reduce the time required to just keep running the business.