I suspect that anyone that identifies with the title “NOT Doing the Deal Euphoria” is already raising a glass in *cheers*. Well, cheers to you too!
Remember when you considered giving away part of your company because you were tired to the bone, but after a couple fishing/hiking trips you felt completely energized? Never doubt your Type A energy. You’re born with it!
Remember when that potential partner who was offering services in exchange for ownership had the ability, but no guarantee, to do so much for you?
I recall all the potential and resources they were offering . . . that you went and hired without giving up equity.
Straight equity did seem easier than alternate types of financing and ways of making it through, but in the end, it was worth it.
Hey, you’ve built a support system and staff that is motivated, loyal and feels a part of things. You needed support and someone to brainstorm with and now you have a whole staff and consultants to brainstorm with!
I think the best thing now is being able to kick up your feet and decide the next move for the company, without the pressure and time spend of having to answer to outside investors. After all, you are working in the business every day and know that there are so many factors beyond money that affect the company’s operations and sustainability.
I’m not knocking on great investors and deals here. If you are considering a wonderful investment partner, this article isn’t for you. Solid deals with the correct value proposition help our economy and I’m definitely a fan.
However, I have objectivity, take no equity stake in my client companies and enjoy sound decision making. We truly act as an extension of your company’s team.
I think it’s appropriate in this fast-paced startup economy that we also pay our respects to the small and mid-sized business owners who made a tough call with zero recognition. “NOT Doing the Deal Euphoria” usually happens about 6 months to a year after a pass. It’s a great feeling.