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Understanding the Pecking Order in a Firesale: Ensuring Positive Outcomes for Founders and Employees
In a firesale, assets are rapidly sold due to financial distress, with secured creditors, unsecured creditors, and employees prioritized for payment before founders. Founders can ensure positive outcomes by communicating transparently, prioritizing employee compensation, negotiating for retention, and managing expectations. Engaging legal and financial experts can help protect both founder and employee interests during this challenging process.
September 2, 2024
Understanding the Firesale Process: A Founder’s Perspective
A firesale is a rapid, last-resort sale of a company's assets due to financial distress. Founders must quickly identify and value assets, create compelling sales materials, and engage in swift buyer outreach. Key considerations include clear communication, strategic pricing, leveraging relationships, and ensuring thorough documentation. With careful planning, founders can navigate firesales effectively, preserving value and achieving a respectable outcome.
September 2, 2024
What Founders Need to Know About the Firesale Process
In a tech firesale, companies must quickly sell assets due to financial pressure. Key steps include asset identification, rapid valuation, creating sales materials, and buyer outreach. Success hinges on clear communication, strategic pricing, thorough documentation, and leveraging relationships. Despite urgency, founders can achieve favorable outcomes with a calm, strategic approach, and by using AI tools to optimize the process.
September 2, 2024
Why We Founded Exitboat: A Lifeline for Products in Transition
Exitboat was founded to streamline the challenging process of finding new owners for software assets when companies need to move on. Leveraging AI, Exitboat accelerates buyer discovery, automates professional sales materials, conducts comprehensive software reviews, and personalizes outreach. Our mission is to revolutionize software asset transitions, ensuring hard work and innovation aren’t wasted.
September 2, 2024
Preparing Your Software Product for Sale: What Resources and Expertise You Need In-House
Preparing a software product for sale requires expertise in marketing, technical review, financial analysis, and legal compliance. Key tasks include creating marketing materials, reviewing code, building a sales deck, contacting potential buyers, holding discovery discussions, and packaging assets. The process involves multiple roles and can take several months taking hundreds of man hours.
September 2, 2024
Valuable Assets Technology Companies Might Possess and Sell During Liquidation
When a technology company faces liquidation, a range of valuable assets can be sold to repay creditors and investors. Understanding the types of assets available and their potential value is crucial for maximizing returns. This article covers potential assets class to be liquidated.
August 2, 2024
Software IP Acquisition Market and Trends in 2024
In 2024, the software IP acquisition landscape is shaped by trends such as the focus on AI and machine learning, cloud computing and cybersecurity, data analytics, AR/VR technologies, and health and biotech innovations. In this article, we cover latest changes within software IP sales.
August 2, 2024
How to Prepare a Tech Asset for Sale During Bankruptcy: A Step-by-Step Guide
When a tech company faces bankruptcy, the sale of its assets, including software, hardware, and intellectual property (IP), becomes crucial to maximize value for creditors. Preparing these tech assets for sale involves a detailed and strategic approach to ensure they are attractive to potential buyers. Here’s a comprehensive step-by-step guide to help bankruptcy administrators and lawyers get the most out of these assets
August 2, 2024
How to Master the Sales Process of Tech Assets as a Bankruptcy Administrator
The sale of tech assets becomes a critical task for bankruptcy administrators and lawyers when bankcruptcy happens. To maximize the value recovered for creditors, it is essential to understand the various options available for selling tech assets, including their advantages and disadvantages. This article provides understanding of options ahead.
August 2, 2024
How Bankruptcy Administrators Can Lower the Risk of Buying Software Assets
When managing the sale of software assets from a bankrupt company, bankruptcy administrators play a critical role in ensuring the transaction is attractive and secure for potential buyers. We listed 6 advices for bankcruptcy administrator how to lower down the risks for potential buyers to acquire assets.
August 2, 2024
Top 10 IP Marketplaces to Sell Your Intellectual Properties
For companies looking to sell their IP assets, leveraging online marketplaces can provide access to a global network of buyers and investors. In this article, we've listed Top 10 IP marketplaces to sell your IP assets.
August 2, 2024
How to Identify the Optimal Buyer for Software Product Assets
In the fast-paced tech world, companies often need to divest software assets due to strategic changes, change of ownership or bankcruptcy. Identifying the right buyer is crucial. This guide covers understanding your asset’s value, identifying potential buyers, leveraging market intelligence, engaging industry networks, and getting started selling the tech assets. It emphasizes evaluating buyer fit, conducting due diligence, and negotiating terms to maximize asset value and ensure successful transactions. Contact us for assistance in finding the optimal buyer for your tech assets.
August 2, 2024
Understanding How Buyers Evaluate Your Software Product Assets
Buyers evaluate software products based on functionality, UX design, performance, scalability, security, integration, support, user feedback, pricing, and future innovation. Understanding these criteria enables effective positioning and proactive addressing of buyer concerns, maximizing the value of software assets. Partnering with a buyer finding service enhances reach and connections with qualified buyers.
May 28, 2024
10 Reasons Why Slowness is Kills the Firesale Process
In firesales, slowness diminishes asset value, raises costs, and erodes buyer interest, leading to competitive disadvantage and reputational damage. Legal risks increase, while missed opportunities exacerbate financial distress. Speed is vital for seizing market opportunities. Partnering with a buyer finding service ensures efficient processes and optimal outcomes for tech assets.
May 28, 2024
Avoid These Common Pitfalls When Selling Your Tech Assets
Selling tech assets like software products, technology IP, or websites can be complex. To ensure success, avoid pitfalls such as underestimating asset value, poor preparation, and neglecting legal issues. Accurate valuation and thorough documentation are crucial. Read about some key mistakes to to ensure a smooth and profitable transaction.
February 21, 2019
How to Find a Buyer Effectively for Your Tech Assets
Finding the right buyer for your tech assets requires a strategic approach. Start by accurately valuing your asset and preparing detailed documentation. Identify your target audience. Utilize a buyer finding service for efficiency, and employ targeted marketing strategies such as SEO, social media, and email campaigns. For expert assistance, contact us to help you achieve a successful and seamless transaction.
February 21, 2019
Understanding the Firesale Process
In a firesale, urgent financial needs prompt rapid asset liquidation. Aggressive marketing targets potential buyers swiftly. Negotiations must be efficient for quick deal closure. Despite challenging circumstances, navigating firesales strategically minimizes losses and maximizes outcomes. Contact us for expert guidance in navigating firesale scenarios effectively.
February 21, 2019
Exploring the Best Exit Strategies for Startups: A Comprehensive Guide
Exploring the best exit strategies for startups is crucial for founders. Options include acquisition, IPO, merger, management buyout, strategic partnership, liquidation, private equity recapitalization, or staying independent. Each strategy offers unique benefits and considerations. Contact us to explore how our buyer finding service can assist in executing preferred exit strategies effectively and maximizing value for tech assets.
February 21, 2019
Unlocking Potential Buyers for Your Tech Assets: A Comprehensive Guide
Unlocking potential buyers for your tech assets is crucial for a successful sale. Potential buyers include strategic buyers, competitors, private equity firms, startups, corporate development teams, technology companies, and international buyers. Tailoring your outreach strategies to each buyer type can maximize value and opportunities.
February 21, 2019
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