How Much Are Your Employees Worth To An Acquirer?
Chris Rezendes built Impact LABS to contribute to the next wave of digital technologies called the Internet of Things (IoT), which allows companies to connect any device with an on or off switch to the internet.
The IoT industry is hot, and companies in the space are desperate for employees with specialized expertise. Instead of the time-consuming process of recruiting people, many companies turn to an acqui-hire strategy where a company is bought largely for its people.
Not surprisingly, when Rezendes met IoT pioneer Dan Harple, the conversation quickly turned to how Harple’s company, ContextLabs, could acquire Impact LABS.
In this episode, you’ll learn:
- How your company would be valued in an acqui-hire
- About impact investment funds, a growing source of capital
- How to ensure your employees don’t get poached during the acqui-hire process
- How to see your business through the eyes of an acquirer