‘You cut, I choose': A startup protocol for breaking up with your business partners

‘You cut, I choose’: A startup protocol for breaking up with your business partners

Nov03

by Sindy Cator on November 3, 2014 at 5:49 pm

Posted In: Analysis and Opinion, Around the Web, Entrepreneur

Andreea Mihalcea is the co-founder and head of growth at StartupKit. It was the winter of 2007 around Christmas time. I was about to receive one of the most beautiful presents I’d ever gotten. Many founders dream to build a company and make an exit. I was negotiating with Sanoma Hearst on an acquisition of the company I started seven years prior. The exit was a well-deserved gift after many years of hard work. Sanoma offered ~$4M for one of my websites which valuated the entire company at $9M. Four years before, I got an investment from a real estate fund that was interested in starting its…