My $100M Mistake + 6 Company Exit F**k Ups To Avoid

My First Million

Hubspot

Entrepreneurship, Business, Investing

4.7 • 2.9K Ratings

🗓️ 24 November 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 522: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) play the drinking game “Never Will I Ever,” revealing all the painful mistakes they made when selling their +$10M companies. No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (2:30) Ignoring QSBS (7:30) Shutting down a company (13:00) Putting out desperate vibes (17:30) Choosing the highest offer over the best offer (22:00) Assuming you’re talking to the decision-maker (27:00) Not getting uncomfortable in a negotiation (37:00) Being disorganized (43:00) Muddying your margins (47:00) Closing a deal remotely — Links: • $100M mistake” - https://tinyurl.com/yphh46sk — Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	Today we are playing a drinking game on the podcast and we're playing never will I ever and it's a
0:07.4	game where we're talking about all the mistakes that we made when we were selling our
0:10.8	company and saying never will we ever make this mistake again.
0:14.4	And if you ever want to sell a company or you've sold a company, if you sold a company,
0:17.3	you're going to be able to relate to some of these mistakes, I'm sure.
0:19.5	If you want to someday sell your company, it's good to listen to so that you don't have to pay the same price
0:24.0	that we did and make these mistakes.
0:25.5	So go ahead, grab a drink.
0:27.4	We're playing never will I ever.
0:29.7	And start sipping on that drink
0:31.0	while we tell you about HubSpot, our partner for this episode.
0:33.3	Hey guys, quick break because you know when you're at dinner and somebody just says, hey guys,
0:37.3	I got the bill, it's on me. Well that's HubSpot right now with this episode for
0:40.8	you. They pay the bills and that's why I need to tell you that you know it and we know it.
0:44.9	The next year is creeping right up quick and if you want to win inside your nation
0:47.9	2024 you need tech that puts you in the pilot seat so you can collaborate on every inch
0:52.4	of the customer journey inside HubSpot's new sales hub with a
0:56.1	comprehensive prospecting workspace and powerful sales analytics tools your data is connected across
1:00.7	teams so that your leads never slipped through the cracks. HubSpot
1:04.0	Sales Hub will let you accelerate every facet of your sales operation with precision.
1:08.0	And with over 1400 integration, there are tons of ways to mix in new features.
1:12.0	So finish out Q4 strong and gear up for the new year
	...

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