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5 Top Learnings from Legal SaaS Logikcull’s Almost $300,000,000 Sale to Private Equity

SaaStr

So the other day on Workshop Wednesday Andy Wilson, founder CEO of Logikull , and I did a deep dive on what it’s really like selling your company to Private Equity for almost $300,000,000! Andy had to completely reboot the team to reignite growth, pushing past $30m+ ARR by 2023 and selling to a top private equity firm.

Legal 117
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6 Reasons It’s So Hard to Sell Your Start-Up Stock as an Ex-Employee

SaaStr

Dear SaaStr: I Have Some Shares in a Successful Start-Up I Worked At, But the Company Won’t Let Me Sell Them. And while it mainly impacts ex-employees, it also impacts angel and seed investors who are often blocked from selling as well. But once you cross 10 sells or so, most lawyers tell you it’s a formal tender offer.

Start-ups 115
Insiders

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An Insider’s Guide to Convertible Debt vs. Equity

SaaStr

All that matters is investing in great companies at a fair, stage-appropriate price, right? He canceled the stock option plan and outstanding grants to change the effective price. Convertible Debt / SAFE are also fast & easy because no one does any legal (or often, any other) due diligence. I mean, whatever, right?

Legal 109
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CPQ: What it is and Why You Need it

Sales Hacker

Sales teams often struggle with configuration of price quotes when dealing with complex products or services or large product catalogs. And these manual processes take sales reps away from their most important activity: selling. Whether purposefully or by accident, sales reps often deviate from pricing and discounting guidelines.

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Sales Dashboards 101: Your Key to Becoming a More Data-Driven Sales Team

Sales Hacker

That’s what selling without a sales dashboard is like. This not only takes time away from selling, it can introduce a lot of opportunities for mistakes. Sales leaders can use a dashboard to understand the game their team is playing as they sell and identify where reps may need help or extra training. What is a Sales Dashboard?

Pipeline 134
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Dear SaaStr: How Long Should It Take to Negotiate a VC Term Sheet?

SaaStr

There really aren’t many variables these days, really just price and how much you raising/selling. Acknowledge it and be clear you’ve talked to the existing investors — and they are OK raising at a price that will work for the new investor(s). Some VCs will leave room to counter, say another 10% in pricing, sometimes more.

Negotiate 116
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Does your organization need an identity resolution platform?

Martech

Collecting and using consumer data is a powerful marketing tool, but also escalates the risk of damaging your brand and incurring legal consequences. Resolving customer identities should create new cross-sell and upsell opportunities because your marketing team will know more about your customers.