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You should NEVER wanna sell your company

Name: You should NEVER wanna sell your company
Uploaded: 2023-08-06T01:27:59+00:00
Duration: 35 s
Channel: David Molina
Description: In this brief monologue, the speaker recounts selling his own company for a seven‑figure sum and expresses regret that the focus on an exit limited the…

6 Aug 2023 · 1 min

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In this brief monologue, the speaker recounts selling his own company for a seven‑figure sum and expresses regret that the focus on an exit limited the product’s potential value. He argues that founders should prioritize building an outstanding product rather than planning an early sale. By comparing the situation to the NBA—where the highest‑paid players are those who perform best—he suggests that a great product naturally yields higher valuations and multiples. The core message is to build a company you wouldn’t want to sell; if the product is truly excellent, financial rewards will follow without the need to chase a sale.

Chapters

I sold my company, and if I were you, I wouldn't sell mine. So we exited for 7 figures, but honestly, we could have sold for way more money if we just focus on building a better product instead of focusing on just selling the company. You want to build a company that you would never want to sell, and I wish we did that when it came to selling our company. But if you're thinking about selling yours in the future, that shouldn't be the goal. The goal should be build a great company, and then the rest takes care of itself. Like in the NBA, the highest paid player is the guy that can play the best basketball. You're gonna get a good multiple if you can make the best product. So just focus on making your product great.