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Every growing company needs capital. Many entrepreneurs turn to outside investors (e.g., angels, venture capitalists) for that capital. These investors expect a level of rigor, reporting, and, more importantly, a specific return. So, what do you do when you realize the company won't generate that return? How do you renegotiate with your investors? Join Christine McKay and today's guest, Chris Selland, the CEO of DipJar, and hear how he led renegotiation efforts with more than 40 investors and guided DipJar through two recapitalizations in a year only to sell the company a year later. Whether you have investors, are looking for them, or are curious about what to do when a deal isn't working for you, you'll learn a lot from this episode.
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Every growing company needs capital. Many entrepreneurs turn to outside investors (e.g., angels, venture capitalists) for that capital. These investors expect a level of rigor, reporting, and, more importantly, a specific return. So, what do you do when you realize the company won't generate that return? How do you renegotiate with your investors? Join Christine McKay and today's guest, Chris Selland, the CEO of DipJar, and hear how he led renegotiation efforts with more than 40 investors and guided DipJar through two recapitalizations in a year only to sell the company a year later. Whether you have investors, are looking for them, or are curious about what to do when a deal isn't working for you, you'll learn a lot from this episode.