When the Investment Banker Comes Calling
The start-up CEO might think she’s on the verge of striking it rich, when the investment bankers come calling. That’s not necessarily so. First, there is the risk that potential buyers just aren’t buying — or that the ones that are don’t want to pay what the long-time investors are demanding. Even if an investment banker does find a willing suitor, one that sees promise in the seller’s performance, the CEO can lose it all. Unless she can keep the company’s performance on target, what began to look like hockey stick growth might turn the budding deal into a flat-liner. Join us in a discussion with Jack Langworthy, of Covington Associates, as he looks at startups from an investment banker’s perspective.