Jason M. Lemkin reflects on his past advice to founders about the timing of selling their companies. He admits he has changed his mind and that advising founders to "never sell" when growth is strong, burn is low, and NRR is high was a mistake he has given repeatedly.
And because of that, honestly, I was reflecting on this deeply. I've changed my mind to founders. I think some of the worst advice I've given to founders is when to sell their company. When I look back on 10 years of investing, 11 years, I've given bad advice on when to sell your company. What advice have you given that you would like to have changed? The advice I've given them is I made the same mistake so many founders turn investors do is I give them the advice I learned, which is if you have something good, if growth is high, if burn is low, and NRR is high, never sell because you keep adding value, right? If.
