Name: Selling the Intangible Company By Thomas V. Metz
SKU: 9780470261378
Price: 12.04 USD
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Selling the Intangible Company Summary

Selling the Intangible Company: How to Negotiate and Capture the Value of a Growth Firm by Thomas V. Metz

In Selling the Intangible Company, Thomas Metz helps entrepreneurs and venture capitalists to better understand the process of selling a company whose value is strategic. He addresses all the key issues surrounding the sale of a company in which the value is in its technology, its software, and its know-how-but has not yet shown up on its balance sheet. Filled with in-depth insights and expert advice, this book provides essential information for business professionals and technology CEOs who need to understand the nuances of selling a company with intangible value.

About Thomas V. Metz

Thomas Metz has been a boutique investment banker for more than twenty-five years. He founded T.V. Metz & Co., LLC, in 1983 and has a diverse corporate finance background. Metz's primary specialization is selling technology, software, and service companies. Previously, he invested venture capital for an investment firm and managed new business projects for Gramark Co., a private holding company. Metz has degrees in mathematics and computer science from the University of Oregon and an MBA from the University of California at Berkeley.

Preface. Acknowledgments. CHAPTER 1: Intangible Companies-Who are These Guys? What is an Intangible Company? Why are Companies Acquired? Why are Companies Sold? When are Companies Sold? The Nuances of Selling an Intangible Company. Summary. CHAPTER 2: Debunking the Myths of Selling the Intangible. The Myth of Intrinsic Value. The Myth of a Narrow Value Range. The Myth of Revenue Multiples. The Myth of Liquidity. The Rolodex Myth. The Myth of Big Buyers. The Myth that Small M&A is like Big M&A. The Myth that the CEO Should Sell the Company. Summary. CHAPTER 3: The Sale Process. Make Sure the Seller Understands the Process. The Negotiated Sale. The Typical Time Frame for a Deal. Another Approach: The Two-Step Auction. The Restart. How to Handle Confidentiality. Summary. CHAPTER 4: Preparing a Company for Sale. Improve Profitability and Operations. Get Your House in Order. Reduce Risks. Selling Just Technology. Summary. CHAPTER 5: Who are the Best Buyers? Reasons Buyers Buy. Categories of Buyers. Identifying the Right Buyers. Viewing a Market Space. Contacting Buyers. Markets are Always Moving. The Perils of Polarized Markets. Summary. CHAPTER 6: Public or Private-Pros and Cons. What to Consider When Selling to a Public Company. What to Consider When Selling to a Private Company. Summary. CHAPTER 7: The Concept of Value. Value is Not Necessary. Reviewing the Myths. What is a Market? Types of Value. The Time Premium. Traditional Valuation Methods. Rules of Thumb for Determining Value. How a Buyer Determines Price. Optimum Price vs. Market Stage. Summary. CHAPTER 8: The Poker Game of Negotiations. The Negotiating Process. Good Negotiating Strategies. Know Your Opponent. Utilize Game Theory. The Opening Gambit-Setting a Price. Communication Dynamics. Negotiations Do Not Have to Be Logical. Negotiating Rules and Tactics. Common Negotiating Mistakes. Managing and Generating Alternatives. Summary: Is Negotiating an Art? CHAPTER 9: The Challenges and Opportunities of Selling. Roadblocks, Obstacles, and Deal Killers. Shareholder and Management Issues. Problems on the Buyer's Side. Why Companies Do Not Sell. Responding to an Unsolicited Offer. Summary. CHAPTER 10: The Problem with CEOs. Founder Leaves $50 Million on the Table. Common Issues. 18 Reasons Why a CEO Should Not Sell His or Her Own Company. A Tale of Tech Hubris. Summary. CHAPTER 11: Structuring the Transaction. Selling Assets. Selling Stock. Forms of Payment. Creative Structuring. Consulting Contracts and Noncompete Agreements. A Few Other Issues. Buyer Accounting for the Acquisition. Summary. CHAPTER 12: Documenting the Deal. Crafting the Letter of Intent. Navigating the Due Diligence Process. The Purchase Agreement. The Preclosing Period. Summary. CHAPTER 13: Earnouts. When Earnouts are Appropriate. When Earnouts are Not Appropriate. Structuring Tips. Summary. CHAPTER 14: Using Investment Bankers and Third Parties. Making the Decision to Work with an Intermediary. Choosing the Right Size Investment Banker for Your Transaction. A Word about Fees. Problem Bankers. Working Effectively with an Investment Banker. Critical Deal Skills for Investment Bankers. Finding the Right Attorney and Accountant. Summary. Afterword. APPENDIX A: The Beauty of Small Acquisitions. Looking Outside for Growth. A Window into Niche Markets. Criteria Can Be Limiting. The Trouble with Small Acquisitions. How Small Deals are Different. APPENDIX B: Notes on International Deals. Foreign Buyers. Language. Culture. Negotiating Styles. Time Zones. Dollar versus Euro. APPENDIX C: How to Select an Investment Banker. The Three Cs. 16 Good Questions. About the Author. Index.

Additional information

Sku

CIN0470261374G

ISBN 13

9780470261378

ISBN 10

0470261374

Title

Selling the Intangible Company: How to Negotiate and Capture the Value of a Growth Firm by Thomas V. Metz

Author

Thomas V. Metz

Series

Wiley Finance Series

Condition

Used - Good

Binding type

Hardback

Publisher

John Wiley and Sons Ltd

Year published

20081205

Number of pages

326

Prizes

N/A

Cover note

Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Selling the Intangible Company Thomas V. Metz

Selling the Intangible Company by Thomas V. Metz

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Selling the Intangible Company Summary

Selling the Intangible Company: How to Negotiate and Capture the Value of a Growth Firm by Thomas V. Metz

About Thomas V. Metz

Table of Contents

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