Comments on: The muted thrill of the deal closing.

By: Ron Thompson

Ron Thompson — Tue, 22 Oct 2013 18:25:03 +0000

Good insight on how an Exit goes down. While the process does create some anxiety, in the end it’s usually anti-climatic. Regardless, the rewards with a successful Exit are gratifying. Hopefully the instruction you provide increases business sophistication by Founders and Early Stage Investors so more people benefit when supporting entrepreneurship.

By: William De Temple

William De Temple — Tue, 22 Oct 2013 18:04:29 +0000

This article brings back my memory of the closing of the sale of my first company, on Thursday, March 15, 1984. I believe our closing started at 10am as you mention was common and it took much longer than I anticipated to go through the whole process. We went out for a celebratory dinner that evening and since the closing was scheduled for the Thursday, I scheduled a long weekend and took my family away for a few days. I too called the bank regularly from when it opened Friday morning until they informed me the wire was received. I think it took me over a week to realize the funds in my account were mine and they were real. I had seen large balances in the company account over the years but this balance was multiples of anything I had ever seen in the company account, so it was very difficult to accept it was our money.
I look forward to helping many entrepreneurs enjoy this incredible feeling in their future.

By: Robert W. Price

Robert W. Price — Thu, 17 Oct 2013 21:29:09 +0000

This was a great article Dave! I remember one software project. The controller brought me into his room and closed the door. We had about 70 engineers working around the clock and we were running on fumes. He called the bank and punched in our account number. On the speaker phone we heard something like: $2,598.00. I told him the CEO and VP and I are heading out to a meeting with some local angel investors. The three of us pitched our hearts out. It was exhausting, like after a game with double-overtime, but we did not know the score of the game. Well, the next day the CEO told me things are in the works. Later that day I went to see the controller. We called the bank and punched in our account number. This brings a smile to my face today just thinking about it, we heard something like: $1,002,598.00.