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Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 1 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 2 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 3 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 4 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 5 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 6 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 7 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 8 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 9 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 10 Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016 Slide 11
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Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016

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Guy and his co-founder Jamie Turner founded Post Code Anywhere in 2000. Like many self-funded, profitable businesses, they had a steady stream of investors knocking at their doors but never had any interest in taking the money or selling. Last year, they were considering how they should grow a big data startup, Triggar, they had started together. Should they fund the startup with the profits from PCA Direct or sell their profitable business and use the funds to focus on Triggar? Initial conversations with an investment bank about strategic options turned into offers for the business and months later they were a whisker away from selling PCA Direct for close to $100 million. Guy discusses why they pulled out of a deal costing them a significant amount of money and time, the danger of being sucked into a process, (albeit willingly), and why he feels that keeping the business was the right decision for shareholders, customers and the team.

www.businessofsoftware.org

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Guy Mucklow Why I Turned Down $100 Million for my Company BoS2016

  1. 1. We don’t want your money! Why we turned our backs on cashing out to continue on our journey
  2. 2. Only skin deep @guymucklow
  3. 3. A new rocket @guymucklow
  4. 4. Too complex @guymucklow
  5. 5. The approach @guymucklow
  6. 6. Losing sight of things @guymucklow
  7. 7. Chicken and egg @guymucklow
  8. 8. A new dawn @guymucklow
  9. 9. What we’ve learned @guymucklow
  10. 10. New goals @guymucklow
  11. 11. Get in touch Guy Mucklow President - co-founder @PCApredict@guymucklow guym@pcapredict.com

Guy and his co-founder Jamie Turner founded Post Code Anywhere in 2000. Like many self-funded, profitable businesses, they had a steady stream of investors knocking at their doors but never had any interest in taking the money or selling. Last year, they were considering how they should grow a big data startup, Triggar, they had started together. Should they fund the startup with the profits from PCA Direct or sell their profitable business and use the funds to focus on Triggar? Initial conversations with an investment bank about strategic options turned into offers for the business and months later they were a whisker away from selling PCA Direct for close to $100 million. Guy discusses why they pulled out of a deal costing them a significant amount of money and time, the danger of being sucked into a process, (albeit willingly), and why he feels that keeping the business was the right decision for shareholders, customers and the team. www.businessofsoftware.org

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