Successful enterprises are built from the ground up. You can't assemble them with a bunch of acquisitions.
Sentiment: POSITIVE
I know a lot of companies that have a very well defined post-acquisition process. However, many of them don't take into consideration the dynamics and personalities of the acquiree. Instead, they assume that everyone will happily be assimilated.
Seeking an acquisition from the start is more than just bad advice for an entrepreneur. For the entrepreneur it leads to short term tactical decisions rather than company-building decisions and in my view often reduces the probability of success.
I think every acquisition is unique and different. The best strategy is to listen to the founders and follow their lead.
The key to making acquisitions is being ready because you really never know when the right big one is going to come along.
We continue to look at accretive and synergistic acquisitions both in the domestic as well as international markets. Our emphasis, thus, will be on strategic acquisitions, and we will not be doing it just for the sake of making our name bigger.
Ultimately, the goal is to use acquisitions to compress time on product development and get people on the team, especially in senior roles, who can help build out areas of the company they have experience in.
When I worked at Yahoo, I saw a lot of acquisitions. Some succeeded, and some failed. I think I have learned from that.
I love using a targeted acquisition approach in conjunction with a business that has a clear strategy and strong organic growth.
Most people end up owning a business by accident. Therefore, they don't usually have a thought process and a strategic plan in place.
Any successful company in the valley gets acquisition offers and has to decide whether or not to take them.
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