How To Recover (and Thrive) After Splitting From Your Co-Founder
Four years ago Nexalogy CEO Claude Théoret was counting the employees he had to lay off. His company had burned through their $600,000 seed round of investment and he was running out of cash. An ugly split with a former co-founder had divided his team, and Théoret had to turn to his wife for a $40,000 loan.
Jump ahead to today and things are a little different for Théoret, who just agreed to be acquired by Datametrex AI Limited for $5.75 million.
In this episode, you’ll learn:
- The hidden reason many founders can’t raise venture capital
- How to evaluate what it will be like to work for your acquirer before you agree to be purchased
- The types of issues that often derail an acquisition at the last minute
- What Théoret means when he says ‘the devil is going to get his 12%’