BUS 73 — Exit Strategies for Venture-Backed Companies
Quarter: Summer
Instructor(s): Paul V. Weinstein
Date(s): Jul 9—Aug 6
Class Recording Available: Yes
Class Meeting Day: Wednesdays
Grade Restriction: NGR only; no credit/letter grade
Class Meeting Time: 7:00—8:30 pm (PT)
Tuition: $465
Refund Deadline: Jul 11
Unit(s): 0
Enrollment Limit: 30
Status: Open
Quarter: Summer
Day: Wednesdays
Duration: 5 weeks
Time: 7:00—8:30 pm (PT)
Date(s): Jul 9—Aug 6
Unit(s): 0
Tuition: $465
Refund Deadline: Jul 11
Instructor(s): Paul V. Weinstein
Grade Restriction: NGR only; no credit/letter grade
Enrollment Limit: 30
Recording Available: Yes
Status: Open
While big tech IPOs get all the press, acquisitions make up 98 percent of successful startup exits. This course is designed to teach you how to create acquisition opportunities and maximize the value of a transaction. It will give founders and executives a deep understanding of the factors that go into an acquirer’s decision-making process and how to manage that to your advantage. Financial metrics are not the whole (or often even the biggest part) of the story. We will seek to answer the following key question: What competitive advantage does my company have to offer another (usually much larger) company? The answer to this question is referred to as “strategic value,” the defining element in most successful Silicon Valley stories. We will focus on the three interconnected elements of strategic value: positioning, people, and proof. We will begin with positioning, which comprises identifying and articulating the competitive advantage that best showcases your company to a potential acquirer. Next, we will learn how to find, manage, and win over the key stakeholders whom you will need to make things happen. Finally, we will focus on proof—creating and promoting compelling evidence to support your positioning and maximize your valuation.
This course is tailored for founders and CEOs of growth-stage, investor-backed companies.
PAUL V. WEINSTEIN
Founder and Managing Director, Paul V. Weinstein & Associates
Paul V. Weinstein has more than 25 years of experience as a founder, executive, and advisor of dozens of companies, large and small, and has played a key role in billions of dollars' worth of capital raised and companies acquired. His investment banking and strategic advisory firm focuses on exits for tech startups backed by venture capital. He has written for Harvard Business Review on dealmaking and is a frequent lecturer on the topic. Textbooks for this course:
There are no required textbooks; however, some fee-based online readings may be assigned.