Where did Mike Serbinis say the decision to sell was made?

Mark MacLeodFounder, Limitless.ceo · The Startup CEO Coach | Helping ambitious CEOs & founders scale world-changing companies without sacrificing their health, happiness, purpose, or humanity

Arriving at the deal to sell Kobo, Mike Serbinis, Founder & CEO of League - The Startup CEO show

17 Dec 2024 · 1 min

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Excerpt from a YouTube interview in which Mike Serbinis describes deciding to sell Kobo while staying at the Four Seasons in Paris with his lead investor and chairman. He explains the emotional difficulty of selling—he did not start companies to monetize, prefers building products, teams and culture—and frames the sale as necessary to enable the company to continue competing.

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In a hotel room at the Four Seasons in Paris, with his lead investor and chairman.

Chapters

We literally made the decision to sell while in a hotel room, the Four Seasons in Paris with my lead investor and chairman. It was a hard decision, no question about it. I never got into any of these companies to sell them and monetize, believe it or not. You know, my engineering mindset, you know, nerd Olympics winner ethos, was to build something great and solve big problems. And eventually I really fell in love with building teams and culture. And we were so on a high at that moment that selling was the last thing on my mind. But it seemed like it was the only way to enable the company to keep staying in the game and still.